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Maybank Asset Management Malaysia Launches China Equity Fund

Maybank Asset Management Malaysia and its partner T. Rowe Price launched a novel China Equity Fund for Malaysian private wealth investors. 

Ahmad Najib Nazlan

In a statement, chief executive officer of Maybank Asset Management Malaysia Ahmad Najib Nazlan, said that the company is offering another innovative product for Malaysian wealthy investors to kick off the new year. 

“We are the first asset management company in Malaysia to offer this first-of-its-kind fund where we seek to uncover the hidden gems of China’s economic transformation,” Nazlan said.

“By extending our reach beyond the top 100 stocks into a universe of over 5,500 untapped stocks, this unique pivot provides us with an unconstrained All-China investment approach to pick the best and most valuable upcoming companies, coupled with our environmental, social, and governance (ESG) fundamentals to ensure business sustainability,” Nazlan added. 

The fund will leverage T.Rowe Price’s China Evolution Equity Strategy, which seeks opportunities outside of China’s 100 largest companies to identify future winners as Beijing continues to focus on sustainable economic growth and innovation. 

The heart of the China Evolution Equity Strategy is that it favors companies that they believe are the best positioned to leverage China’s fast-growing technology sector, especially those that are moving up the value chain. It is also benchmarked against the MSCI China All Shares Index Net for performance comparisons. 

The strategy is managed by Wenli Zheng, a Hong Kong-based portfolio manager who has over 13 years of experience in T.Rowe Price. 

Since the fund’s launch in August 2020, it has generated a 16.8% cumulative return in US dollars, exceeding its benchmark MSCI China All Shares Index Net (-0.91%) as well as its sector average (4.92%), according to FE Fundinfo.

Maybank Asset Management is a subsidiary of Maybank Asset Management Group Berhad and is owned by Malayan Banking Berhad and Permodalan Nasional Berhad.

As of September 30, 2021, T. Rowe Price had $1.61 trillion in assets under management.