Affin Hwang launches Global Disruptive Innovation Fund

Affin Hwang Asset Management Berhad has announced the launch of Affin Hwang World Series – Global Disruptive Innovation Fund.

The Fund is a wholesale feeder growth fund that provides access to vast growth opportunities created by disruptive innovation, Affin Hwang said in a press release.

The Fund will feed into a collective investment scheme, namely Nikko AM ARK Disruptive Innovation Fund (Target Fund) which is managed by Nikko Asset Management (Target Fund Manager). ARK Investment Management, a strategic partner of the Nikko AM Group, acts as the investment adviser for the strategy Affin Hwang reports.

To achieve its investment objective, the Fund will invest a minimum of 80% of the Fund’s net asset value (NAV) into the Target Fund and a maximum of 20% of the Fund’s NAV into money market instruments, deposits and/or cash.

Chan Ai Mei, Chief Marketing & Distribution Officer, Affin Hwang Asset Management, said: “Unlike other generic technology funds available in the market, the newly launched Affin Hwang World Series – Global Disruptive Innovation Fund will allow investors to truly participate in cutting-edge innovation that could potentially change the way the world works. These include high-conviction ideas in the areas of robotics, artificial intelligence (AI), DNA sequencing, energy storage and blockchain.”

“With little overlap against traditional market indices, the Fund’s distinct strategy will further allow investors to gain diversification in their portfolios. With advances in science and technology happening every day at an accelerated pace, the Fund offers a timely avenue for investors to tap into the leaders, enablers and beneficiaries of such disruptive innovation,” Chan continued.

Eleanor Seet, President and Head, Asia ex-Japan, Nikko Asset Management, said: “We are excited to partner with Affin Hwang AM in expanding the opportunity set for investors in this space. Leveraging our collaboration with ARK Investment Management which was sealed through the acquisition of an equity stake in August 2017, we have been able to augment our capability to invest in the massive opportunity that disruptive innovation brings as it rapidly transforms the world.”

“ARK’s open research approach is designed to identify innovation and its convergence across sectors, economies and geographies. Their consistent investment process and active management of high-conviction portfolios capitalise on rapid change and avoid companies likely to be displaced by innovation,” Seet added.

The Fund is available to Sophisticated Investors who seek capital appreciation, have a medium to long-term investment horizon and have a high risk tolerance. The Base Currency of the Fund is in USD. The Fund is offered in four (4) currency classes, namely USD Class, MYR-Hedged Class, SGD-Hedged Class and AUD Hedged-Class. The minimum investment amount is USD5,000 for all listed currency classes.

Investors are advised to read and understand the contents of the Fund’s Product Highlights Sheet and Information Memorandum dated 20 October 2020 before investing. Investors who are keen to learn more about the Fund can visit and invest through any of Affin Hwang AM sales offices.