VCAM Launches Malaysian ESG Opportunity Fund (English)
KUALA LUMPUR, July 06, 2015 (Bernama): ValueCAP Sdn Bhd's subsidiary, VCAP Asset Managers (VCAM) Sdn Bhd has launched its Malaysian Environmental, Social and Governance (ESG) Opportunity Fund to promote sustainable and responsible domestic capital market.
Chief Executive Officer Shan Kamahl Mohammad said the open-ended equity growth fund would be investing in 25 constituent securities on the FTSEGood Bursa Malaysia Index.
The 25 companies demonstrated a leading approach in addressing ESG risks derived from the top 200 companies on the FTSE Bursa Malaysia EMAS Index.
"The funds are unlimited and the requirement for each investment is 250,000 units at RM1 per unit, while the minimum of two investors.
"We will employ additional screening where financial fundamentals, industrial prospects and management quality are supported by top-down and bottom-up views, alongside proprietary market research to assess the constituents over and above the FTSEGood Bursa Malaysia Index," Shan said.
Speaking at a press conference after launching the Malaysian ESG Opportunities Fund here today, he said two more ASEAN-based ESG funds would be available for Malaysia-specific investors later this year.
On the investment holding company's outlook, ValueCAP non-independent non-executive director of VCAM and group chief executive Sharifatu Laila Syed Ali said ValueCAP is targeting a 12 per cent growth for its asset under management in the next two years, while VCAM's asset under management is currently valued at RM4.5 billion.
Retirement Fund Incorporated (KWAP), Khazanah Nasional and Permodalan Nasional Bhd hold 33.34 per cent, 33.33 per cent and 33.33 per cent each, respectively in ValueCAP.