BNY Mellon Investment Management has teamed up with Maybank Asset Management Group Berhad (Maybank AM Group) to launch the BNY Mellon Asia Rising Stars fund.
The new fund will be available to accredited investors in Singapore and Hong Kong; and also retail investors in Singapore.
The fund will combine the expertise of BNY Mellon Japan small cap and the Maybank Asia ex-Japan small cap teams.
BNY Mellon Asset Management Japan Limited will manage the Japanese small cap equities portion, and Maybank Asset Management Singapore Limited will manage the Asia ex Japan small cap portion.
The fund is part of BNY Mellon’s Dublin based Mellon Global Fund range (MGF), and will be available in Singapore Dollar and US Dollar share classes. The plan is also to make the fund accessible to Malaysian investors subject to regulatory approval.
The investment team includes BNY Mellon’s Japan equity team of five, based in Japan led by Miyuki Kashima, head of Japanese equity investments, along with Maybank AM’s Asia (ex Japan) equity team based in Singapore, led by Ajay Sharma and Kedar Wagle, co-heads of equities.
Focusing on companies with a market cap below $5billion, the fund will seek to provide capital growth by investing in Asian small cap companies which are listed on recognised exchanges in Asia, including Japan.
Both teams have an average of more than 17 years’ industry experience with complementary investment styles. Each uses a fundamental high conviction approach combined with strong risk controls, making it suitable for selecting opportunities within the smaller cap universe.
Doni Shamsuddin, co-head of BNY Mellon IM, Asia Pacific said: 'Asia provides an appealing investment landscape with growth in the region robust, valuations attractive, along with a commitment to economic reform in many countries.
'Combine this with the Asian small cap sector which is under-researched and often mis-priced, making it a fertile market in which to generate alpha.'
Tan Boon Guan, chief operations officer at Maybank Asset Management Singapore, said: 'We are excited about this fund as it will showcase our expertise in managing Asia ex Japan equities. Even more so as we partner with a reputable global player such as BNY Mellon in unlocking the greater potential of the fund. This also adds to our range of product offerings for our clients.'
BNY Mellon IM is the world’s largest multi-boutique asset manager while Maybank AM Group is the asset management business of Malaysia’s Maybank.