HwangDBS Global Opportunities Fund Exceeds Markets Expectations

Fund Size Increased To 600 million Units To Cater To Demand

Kuala Lumpur, 20 March 2007 – HwangDBS Investment Management Berhad’s (HwangDBS IM) announced the increase in fund size of their flagship global equity feeder fund, the HwangDBS Global Opportunities Fund (GOF), from 300 million to 600 million units, to cater to the recent relaunch of the fund on 21st February 2007. GOF was first made available on 18th July 2006.  

In the announcement, HwangDBS IM remains confident the momentum of the fund’s take-up will continue with its potential to provide positive returns. According to Teng Chee Wai, Chief Executive Officer and Executive Director, HwangDBS IM, “GOF received outstanding response from Malaysian investors, confirming the investing public's interest to participate in global equities, their confidence in the credibility of the fund and its capability to deliver potentially favourable returns. In just over five months, the GOF outperformed its local peers by 9.3 per cent whilst outperforming the benchmark of the MSCI World Free Index* by 9.2 per cent. To meet market demands, we have obtained approval from the Securities Commission to increase the fund size from 300 million units to 600 million units in total.” 

Teng added that the fund has been performing well by focusing on the broad opportunities presented by sustainable multi-year global investment themes and by adopting the strategy of investing primarily in high conviction stocks. Despite the recent market volatility, HwangDBS IM remains positive on the Fund’s outlook and is confident that the GOF would continue to be well received in the local market due to its relatively good track record and sound management.  

GOF is exclusively available at Maybank branches nationwide. For more information please log on to http://www.maybank2u.com/ or call Maybank Customer Care Center 1300 88 6688.