KUALA LUMPUR: Hong Leong Asset Management Bhd (Hong Leong AM) has launched its first environmental, social and governance (ESG) fund called the Hong Leong Global ESG Fund (HL Global ESG Fund).
Hong Leong AM said the fund aimed to provide investors with medium- to long-term capital growth by investing in a globally diversified portfolio of companies focusing on ESG criteria in the investment process.
The HL Global ESG Fund will incorporate the principles of ESG in security selection through MSCI ESG Ratings.
Chief executive officer Hoo See Kheng said the new fund represented a milestone for Hong Leong AM.
"With the increasing demand among investors for responsible and sustainable investments, we are committed to helping our investors achieve their financial objectives whilst meeting their ethical and sustainability goals.
"We will continue to grow our sustainable investing solutions and accelerate our investment strategies through active asset allocation and portfolio diversification whilst managing market volatility in order to generate measurable returns for our investors," he said.
Meanwhile, Hong Leong AM together with Hong Leong Bank Bhd (HLB), is collaborating with The Asli Co, a social enterprise focused on providing sustainable income for Orang Asli or indigenous mothers, in a campaign exclusively for HLB customers.
During the campaign period, eligible unit trust investors of HLB who invest a minimum amount of RM1,000 in the fund will receive a plant in a unique cement pot that has been handcrafted by the Orang Asli mothers from Kampung Orang Asli Serendah.
The HL Global ESG Fund which is distributed through Hong Leong AM offices and HLB branches nationwide is priced at RM1.0000 per unit during the initial offer period until May 10.
The minimum initial investment is RM1,000 while the minimum additional investment amount is RM100.