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HwangDBS Investment Management has developed a comprehensive range of products and services to cater to the differing needs and risk appetites of our diverse clientele. Over the years we have expanded our stable of funds to encompass a host of products across different asset classes such as conventional equity, fixed income, balanced, bonds; global equity and property as well as Islamic equity, fixed income and balanced funds.


In addition to the retail and institutional unit trust funds, our services for the institutional and high net-worth individuals comprise the management of institutional client mandates, cash management services, corporate advisory as well as client servicing.


Below is the comprehensive list of our funds, of which 5 have been recognised by global rating agencies and international publications for their consistently outstanding performance.

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Institutional Funds

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HwangDBS IM's 1st institutional fund: The HwangDBS Select Cash Fund (SCashF) is a money market type fund targeted at low risk institutional investors who are generally conservative, risk averse and prefer a short-term investment horizon. The key benefit of the SCashF is that it allows for prompt redemption at any time without forgoing interest earned. In addition, the fund is an opportunity to generate better returns compared to traditional fixed deposits and current accounts.

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Our first Islamic institutional fund, the HwangDBS AIIMAN Cash Fund (ACF) is a Shariah-compliant wholesale income type fund targeted at corporate and institutional investors who are generally risk adverse and prefer short term investments. ACF aims to provide investors with a regular income stream yet high level of liquidity in order to meet short term cash flow requirement whilst preservation their capital.

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The HwangDBS Structured Income Fund I (STRIF I) is a fixed income type fund designed specifically for investors who seek regular income distribution, have short-term investment horizon and have a moderate risk tolerance. STRIF I is a two (2) year Capital Protected income fund that invests in Structured Note linked to the credits of a basket of up to three (3) high quality Malaysian corporations.

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The HwangDBS Structured Income Fund II (STRIF II) is a fixed income type fund designed specifically for investors who seek regular income distribution, have short-term investment horizon and have a moderate risk tolerance. STRIF I is a close-ended fund that aims to provide regular income distribution over a maximum investment horizon of two (2) years.

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The HwangDBS Structured Income Fund III (STRIF III) is an income fund that aims to provide regular income distribution over a maximum investment horizon of two (2) years. Being a Wholesale Fund in nature, it is open for sale to Qualified Investors only. STRIF III may invest up to a maximum of 99.80% of the Fund’s NAV raised during the Offer Period in an onshore Structured Product issued by a locally incorporated financial institution with a minimum long-term rating by any domestic or global rating agency that indicates strong capacity for timely payment of financial obligations provided (“the issuer”).

Retail Funds

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The HwangDBS AIIMAN Growth Fund (AGF) is HwangDBS IM's first Shariah-compliant and award winning equity fund. AGF is suitable for risk tolerant investors seeking higher investment returns.

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HwangDBS IM's 2nd Shariah-compliant offering, the HwangDBS AIIMAN Balanced Fund (ABF) is a balanced type fund, ideal for risk tolerant investors seeking to diversify their investment portfolio as well as to achieve a balance of growth and stable, regular income over the medium to long term.

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The HwangDBS Enhanced Deposit Fund (EDF) is an income type fund designed specifically to provide investors with a regular income stream and high level of liquidity to meet cash flow requirement while maintaining capital preservation. EDF shall invest in a diversified portfolio of good quality, short-term fixed income investments and money market instruments, including deposits, bankers’ acceptances, negotiable certificates of deposits and commercial papers.

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The HwangDBS Asia Quantum Fund (AQF) is an equity fund that seeks to achieve consistent capital appreciation over medium to long-term by investing mainly in growth companies in Asia (ex-Japan) with market capitalisation of not more than USD1.5 billion at the time of acquisition, subject to the flexibility of investing up to 25% of the NAV of the Fund in companies in Asia (ex-Japan) with market capitalisation of not more than USD3.0 billion at the time of acquisition.

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HwangDBS IM's flagship fund, the HwangDBS Select Opportunity Fund (SOF), continues to be a top performer in its class. Since inception, the SOF has been credited with a string of awards by global rating agencies. SOF is designed for risk tolerant investors seeking higher returns on their investments over the medium to long-term.

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Our flagship fixed-income fund, the HwangDBS Select Bond Fund (SBoF), is ideal for conservative investors seeking an alternative to bank fixed deposits and the upside of a regular and steady income stream. SBoF invests primarily in bonds and other fixed income securities over the medium to long term.

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Our second fixed income fund, the HwangDBS Select Income Fund (SIF) is designed for relatively conservative investors who wish to receive a steady and regular income stream and at the same time enjoy meaningful capital growth in the medium to long term. SIF may be treated as a potential substitute for depositors who have often relied on traditional products.

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The HwangDBS Select Balanced Fund (SBalF) was awarded No.1 mixed asset income fund over a 1-year period by the Edge-Lipper. SBalF provides moderately conservative investors access to a diversified investment portfolio comprising equity and fixed income securities. SBalF seeks to achieve a balance of growth and income over the medium to long term.

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Our second global fund, the HwangDBS Global Opportunities Fund (GOF) is also of the feeder nature into DBS Asset Management’s award winning Shenton Global Opportunities Fund. GOF is targeted at investors of a higher risk appetite seeking to leverage opportunities presented by sustainable global themes. GOF also provides further diversification into the global market scene.

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The HwangDBS Global Property Fund (GPF) is HwangDBS IM's flagship global fund. The GPF caters to investors seeking offshore exposure in property related investments. The fund is of an alternative asset class that is essential in a well diversified investment. GPF is a feeder fund managed by Urdang Securities Management, Inc. domiciled in the State of Pennysylvania, USA and is designed for investors of medium risk appetite who wish to receive regular income and potentially higher returns than fixed deposits.

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Our third capital guaranteed fund, the HwangDBS Capital Guaranteed Fund III (CGF III) was launched following the success of CGF I & CGF II. CGF III was also awarded ‘Most Innovative Product in Malaysia in 2004’ by Asia Asset Management. This 5-years tenure fund is suitable for risk adverse and/or near retirement investors as there is a 100% capital guarantee upon maturity of the fund. The upside of the fund is the potential capital appreciation.

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HwangDBS IM's 4th capital guaranteed fund: the HwangDBS IM Guaranteed Fund (IMGF) has a 5-year tenure and is ideal for risk-averse investors seeking capital preservation and the opportunity to achieve potentially better returns than fixed deposits. A portion of IMGF will also gain direct and indirect exposure to high growth economies like China and India to achieve capital appreciation.

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Adding to the growing stable, the HwangDBS Greater China Structured Fund (GCSF) is the third in HwangDBS Investment Management Berhad's global fund series. Launched on 15 November 2006, GCSF is targeted at conservative investors mainly depositors, seeking potential capital growth whilst enjoying capital protection. With the entry made affordable, more investors can now participate in one of the world's fastest growing economies, the Greater China Region!

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The HwangDBS Global Emerging Markets Fund (GEMF) is HwangDBS IM's third feeder fund and the fifth in their global fund series. Launched on 11 January 2007, GEMF is targeted at investors of a higher risk appetite and wish to participate in the booming global emerging markets. The GEMF seeks to take advantage of the current hidden potential in these young, burgeoning markets.

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The HwangDBS Global Infrastructure Fund (GIF) is Malaysia's first global infrastructure unit trust fund. Externally managed by leading global infrastructure specialist, Macquarie Alternative Investments Limited (MAIL), the GIF offers local investors a unique and contemporary investment alternative into an asset class previously not available locally.

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This is our fourth fund for 2007, the HwangDBS Indochina Fund (IndoCF). Available for the first time locally, the IndoCF presents local investors with an exciting and compelling investment proposition, access to Vietnam’s fast-growing economy. Now, investors will have the option of investing in a piece of the booming Indochina pie.

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The HwangDBS Global Commodity Fund (GCF) is the first-of-its-kind unit trust in Malaysia. Feeding into the Schroder Alternative Solutions Fund, the GCF has primary exposure to commodity futures, offering investors a closer link to the commodities industry. Targeted at investors who are more risk tolerant and seeking potentially higer returns over the longer-term, the GCF provides the potential to profit from rising prices primarily via futures contracts. This all-in-one fund is also an ideal alterntive investment for portfolio diversification as it invests directly into 3 main broad commodity sectors namely Agriculture, Metals and Energy.

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The HwangDBS Environmental Opportunities Fund (EOF) is a global equities growth fund that focuses on green investments, in particular, renewable energies, water and waste management. It is externally managed by European environmental investment specialist, BNP Paribas Asset Management (a member of the BNP Paribas Investment Partners network).

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This is our first performance-based fund, the HwangDBS Absolute Return Fund II (ARF II). The ARF II seeks to achieve medium to long-term capital appreciation by primarily investing in securities of developed and emerging markets globally. ARF II is suitable for investors who have a medium to long-term investment horizon, are risk tolerant and seek higher capital returns for their investments.

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The HwangDBS Asia Aspire Capital Protected Fund (AACP) is our flagship fund for the year 2008. It is a close-ended 30-month, capital protected investment opportunity that may potentially allow investors to benefit from the booming aspirational spending by Asia's rising middle class. AACP is ideal for risk adverse investors seeking for capital growth with short term investment horizon.

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The HwangDBS Global Financial Institutions Fund (GFI) is an open-ended growth fund with a limited subscription period of two(2) years. The GFI aims to benefit investors via potential capital appreciation through investments in securities of global financial institutions. GFI is designed for investors with an appetite for edgier and unconventional "flavours".

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The HwangDBS Global Financials Capital Protected Fund (GFCP) is a three (3) years Capital Protected investment opportunity that aims to provide investors with potential income distribution and capital appreciation from the exposure to a basket of selected global financial stocks. The GFCP provides an ideal combination of defensive and aggressive strategies that is suitable for investors with an appetite for safer and conventional "flavours".

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The HwangDBS US Access 80 Fund (US Access 80) is a mixed asset growth type fund designed specifically for investors who seek capital growth through exposure to the S&P 500 Index and have moderate risk tolerance. US Access 80 is an open ended fund that aims to provide capital appreciation through exposure to the S&P 500 Index while endeavouring to preserve a minimum of 80% of the Fund's highest NAV achieved, observed on a daily basis.

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The HwangDBS Fixed Maturity Income Fund I (FMIF I), is ideal for investors who seek regular income distribution, have a short to medium term investment horizon and have low risk tolerance.FMIF I invests primarily in foreign and/or local sovereign issued bonds, private debt securities, convertible bonds and other fixed income instruments.

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The HwangDBS Fixed Maturity Income Fund II (FMIF II) is a close–ended bond fund with a maturity period of 3 years. FMIF II aims to provide regular income distribution throughout its tenure. It is suited for investors who seek regular income distribution, have a short to medium-term investment horizon and have low risk tolerance.

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The HwangDBS Global Growth Allocation Fund (GGA) is an equity growth type fund that aims to provide medium to long term capital appreciation for Investors with aggressive risk profile. GGA invests primarily in Collective Investment Schemes and other securities such as listed securities and structured products.

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The HwangDBS Tactical Opportunity Capital Protected Fund (ToCP) is a closed-ended fund with limited subscription period and a maturity of up to 5 years. ToCP seeks to provide capital protection and capital appreciation over a maximum horizon of fi ve (5) years. To achieve its objective, a minimum of 85% of the NAV of the Fund will be used to purchase instruments such as negotiable instruments of deposits and a maximum of 10% of the NAV of the Fund in derivatives in the form of an OTC option that is linked to the performance of the Basket and the 3-Month Australian Bank Bill Short Term Rate (3MABBR). Thus, ToCP is suitable for investors who are risk adverse, who seek capital protection with the potential for capital appreciation and have a short to medium term investment horizon.