My apologies if I have been out of the radar screen for the past weeks. Reason is, I’ve been terribly busy with a lot of “home ministerial” work to catch up with, if you know what I mean. Anyway, I hope that will be behind me for a while.
Let’s take a look at another Malaysian global unit trust fund today – the Hwang-DBS Global Property Fund.
When this global properties equity fund was first launched by Hwang-DBS Investment Management Berhad on 19 Apr 2006 at 50 sen per unit, it generated so much interest from the investing public that it was fully subscribed by the end of its offer period. Only recently did Hwang-DBS reopen this fund for more investments.
The Hwang-DBS Global Property Fund is a feeder fund. At least 95 per cent of the Fund’s NAV is invested in the Singapore Dollar (S$) Class of DBS Global Property Securities Fund (GPSF).
The GPSF, in turn, invests 70 per cent globally in securities that derive their revenue from the ownership, management and/or development of real estate mainly in the United States, Australia, Europe and Asia.
As of 31 Jul 2006, the Fund’s Tep 10 holdings are in:
- Westfield Group (Aust)
- Equity Residential Properties Trust (USA)
- Rodamco Europe NV (Netherlands)
- Reckson Associates Realty Corp (USA)
- Land Securities Group (UK)
- SL Green Realty Corp (USA)
- Prologis (USA)
- Boston Properties (USA)
- Simon Property Group Inc (USA)
- Vornado Realty Trust (USA)
And here are the two charts that give the Country and Sector allocations of the Hwang-DBS Global Property Fund as of Jul 2006.
The objective of this fund is to provide investors with regular income distributions and medium to long-term capital appreciation by investing in a single collective scheme that invests globally in REITs, REITs-like securities and real estate securities.
Since its launch, this Fund has seen its Net Asset Value (NAV) soar from 0.4725 to 0.5501 at its close last Friday, representing a capital gain of 16.4% over 178 days. That’s really not bad.
According to the Prospectus, this fund is suitable for investors who:
- Seek regular income and potentially higher returns than Fixed Deposits.
- Seek diversification from traditional equity investments.
- Have a risk profile that’s higher than a bond fund but lower than a dividend-focused equity fund.
The suggested minimum investment time frame is three years. The initial investment is RM1,000 and you can top up with at least RM100 at any time. The fund size is 700 million units.
Finally, just some summary information about Hwang-DBS Investment Management Berhad:
- Formerly known as Hwang-DBS Unit Trust Berhad,
- Manager of the Hwang-DBS Global Property Fund, Hwang-DBS Global Opportunities Fund and 13 other local unit trust funds,
- Ranked eighth in the local private sector unit trust market with total NAV of RM1.99 billion as of Aug 2006
Disclaimer: Before investing, you are advised to read and understand the contents of the Hwang-DBS Global Property Prospectus dated 19 Apr 2006 and Supplementary Prospectus dated 23 Jun 2006 which have been registered with the Securities Commission. A copy of these Prospectuses can be obtained from any of the Hwang-DBS Investment Management Berhad sales offices located at the Hwang-DBS Securities Berhad branches. The past performance of the Fund should not be taken as indicative of its future performance.