Affin Hwang AM launches zero entry fees Smart Invest fund

KUALA LUMPUR: Affin Hwang Asset Management Bhd (Affin Hwang AM) has launched the Smart Invest Portfolio – Growth, the first in a series of zero front-end load funds lined up which waives the initial sales charge.

Affin Hwang AM chief marketing and distribution officer Chan Ai Mei said with a minimum investment of RM100, the fund was the ideal starter-kit for both novice and seasoned investors looking to dip their toes into markets at zero entry cost.

“Through a carefully constructed model portfolio and fund selection process, we combined the best in-house strategies and investment expertise abroad to deliver better risk-adjusted returns to investors,” she said in a statement yesterday.

The fund is a retail mixed asset fund, aimed at providing investors with income and capital growth over the medium to long-term period through a portfolio of collective investment schemes.

The fund will invest a minimum of 95 per cent of the fund's net asset value (NAV) into collective investment schemes and a maximum of five per cent of the fund's NAV into money market instruments and/or fixed deposits for liquidity.

Based on a model portfolio which takes into account past performance, market and risk factors, the fund delivered an annualised return of 7.4 per cent since 2017.

The time period covers 2017, which was a banner year for markets, and 2018 which was a correction year. Structured as a fund-of-funds, it is an all-in-one approach to source the best-in-class strategies covering multiple asset classes, regions and managers.

The annual management fee is 1.8 per cent of the NAV of the fund per annum, with a three per cent repurchase charge whenever a redemption is made. — Bernama