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Showing posts with the label Australia

New Fund: Avenue CARE Fund

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On 18th March 2011, Avenue Invest Berhad, a member of the ECM Libra Group, launched the Avenue Canada Australia Resources Economies (CARE) Fund. CARE fund seeks to achieve capital growth over a medium to long-term period by investing primarily in securities of companies in Australia and Canada . The fund may also invest in equities and equity-related securities, fixed income securities, structured products and money market instruments. Why Australia and Canada? Due to their resource-based economies , the manager views Australia and Canada as two of the best-positioned countries in the developed world to benefit from the rapid growth of emerging economies such as China. Both economies have emerged largely unscathed from 2008's global financial crisis and are now buoyed by the resurgence of their resource-based industries. How to achieve the fund's objective? Generally, the fund will invest at least 70% of its NAV in Australian and Canadian markets and the balance of 30% in oth...

New Fund: AmAustralia Fund

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Looking good on Australia, AmMutual is launching a new fund to capture the potential of Australia. The fund seeks to provide income and long-term capital growth by investing in Australian equities and Australian dollar fixed income securities. Note: The fund's main focus is on income and to a lesser extent, capital growth. "Australia's economy is resilient and has posted an impressive positive gross domestic product growth over the last 18 years, even outperforming all other advanced economies during the global financial crisis," said Datin Maznah Mahbob, CEO of Funds Management Division, AmInvestment Bank Group. ( Business Times ) Investment Strategy The fund generally maintains equity exposures within a range of 50% to 100% of the fund's NAV. Then, the balance may be invested in Australian dollar fixed income securities and liquid assets.  It will derive its income primarily through investments in relatively higher paying dividend stocks and bonds. However,...

New Fund: CIMB-Principal Australian Equity Fund

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"Add stability to your portfolio, Invest in the strengths of Australia" This is the tagline for the new fund, which is aiming to outperform the S&P/ASX 200 Accumulation Index over the medium to long-term, by feeding into Schroder Australian Equity Fund (an Australian-domiciled fund). The fund will invest at least 95% of net asset value (NAV) in Schroder Australian Equity Fund, emphasising on investment in companies with sustainable competitive advantage in the long term, with a targeted annual return of 10-15%. According to its CEO Campbell Tupling, the Australian market presented exciting opportunities as it was the only major economy that had avoided a technical recession in 2009. Key selling points: Australia's positive economic outlook, with strong AUD currency. Continue strong demand for its resources, especially from China. Sound governance and effective financial policies. Minimum invesment : RM 1,000 Minimum top-up      : RM   200...