News & Announcements

ValueCap plans to launch two more funds
July 07, 2015 | Publication : The STAR

By: Eugene Mahalingam

Golden opportunity: (from left) Bursa Malaysia Bhd CEO Datuk Tajuddin Atan, VCAM chairman Datuk Khairil Anuar Abdullah and ValueCap group chairman Datuk Hamzah Bakar at the launch of the Malaysian ESG Opportunity Fund.

KUALA LUMPUR: VCAP Asset Managers Sdn Bhd (VCAM), which manages RM4bil in assets, said it is planning to offer an Asean-based environment, social and governance (ESG) fund within the next two years.

“Over the next two years, we plan to launch two funds. There’s hope for an Asean offering and something more thematic-based after that,” chief executive officer Shan Kamahl Mohammad said at a press conference yesterday after the launch of VCAM’s Malaysian ESG Opportunity Fund.

VCAM is a wholly owned unit of Government-mandated fund Valuecap Sdn Bhd, which is jointly owned by Khazanah Nasional Bhd, Retirement Fund Inc and Permodalan Nasional Bhd.

The Malaysian ESG Opportunity Fund, according to Shan, is the first of its kind open-ended equity fund that is benchmarked against the recently launched FTSE4Good Bursa Malaysia Index.

The index currently boasts 25 constituent companies that demonstrate a leading approach towards addressing ESG risks derived from the top-200 companies in the FTSE Bursa Malaysia Emas Index.

Shan said the Malaysian ESG Opportunity Fund would provide qualified investors the opportunity to diversify their investments and build a portfolio delivering sustainable, long-term returns tied to ESG policies.

“This fund invests in constituent, or blue-chip stocks. Hence, you can expect blue-chip-type returns.

“Considering where the market is now, we believe there are pockets of opportunities for investors.”

He noted, however, that the fund was designed for investors looking for mid-to-long-term growth.

ValueCap group CEO Sharifatu Laila Syed Ali said the group was targeting a 12% annual growth rate for its asset under management (AUM) over the next two to three years via the launch of new products.

Valuecap’s other subsidiary is i-VCAP Management Sdn Bhd.

“The group’s AUM now stands at around RM5.5bil,” said Sharifatu.

According to reports, Valuecap has targeted to grow its AUM to RM7.5bil by the end of this year.