Page 22 - 2Q2021 RETAIL WEALTH ADVISORY Playbook

Funds Deliberation

Core Fixed Income
Fund Name Geography Deliberation
Maybank Malaysia Malaysia  Launched since Jan 2014 with a fund size of MYR 2.1bil.
Sukuk Fund (S)  The fund manager is increasing exposure to local corporate
Sukuks to increase yields.
 Invests into high tier investment grade papers.
 While the fund manager is not expecting additional rate cut
for the rest of FY2021, Bank Negara is maintaining a dovish
stance as the recovery momentum remains fragile on the
domestic front.
 The fund aims to distribute its income on an annual basis.
 This exposure could provide the overall portfolio with an
anchor to stability derived from the coupons received from the
underlying bonds, portfolio yield is around 3.5%.
 The fund posted an annualised return of 5.2% and 4.7% over
the past 3 and 5 years, respectively (MYR, 31 Mar 2021).
Maybank Malaysia Malaysia  Launched since Jan 2020 with a fund size of MYR 212.4mil.
Income  A fund that provides exposure to the local fixed income
Management-i Fund market.
(S)  The fund manager is increasing exposure to local corporate
Sukuks to increase yields.
 Invests predominantly in investment grade MYR-denominated
Sukuks issued in local markets.
 May invest up to 30% in non-MYR denominated Sukuks with the
options of hedging currency exposure and up to 15% in non-
rated papers to enhance portfolio yields.
 The fund aims to distribute its income on a semi-annual basis.
 This exposure could provide the overall portfolio with an
anchor to stability derived from the coupons received from the
underlying bonds, portfolio yield is around 3.8%.
Areca incomeTrust Malaysia  Launched since Apr 2007 with a fund size of MYR 248.3mil.
Fund  The fund manager invests primarily in high investment grade
fixed income securities and money market instruments.
 The fund aims to distribute its income twice a year.
 The fund recorded an annualised return of 4.8% and 4.3% over
the past 3 and 5 years, respectively (MYR, 31 March 2021).

MAMG Global Global  The fund is incepted since Oct 2013 and feeds into a target
Income-I Fund (S) fund managed by Azimut with USD 673mil AUM, the largest
independent asset manager in Italy.
 The fund provides investors with exposure to global Sukuk,
with notable exposure to issuers coming from the Middle
Eastern economies.
 The fund is not subjected to any restrictions in terms of
sectors, currencies, duration or issuer’s rating, but will be
compliant with the Shariah guidelines.
 The target fund recorded an annualised return of 4.3% over
the past 3 years (USD, 31 Mar 2021).

Maybank Global  Launched since Jul 2015 with a fund size of MYR 469.3mil.
Bluewaterz Total
Return Fund (W)

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