KUALA LUMPUR: Kenanga Investors Bhd has relaunched of two of its unit trust funds, the Kenanga Global Growth Fund (KGGF) and Kenanga Global Islamic Fund (KGIF) to provide its clients a greater degree of global exposure.

       KGGF was formerly Kenanga Resource Equity Fund and KGIF, formerly Kenanga Islamic Fund were launched on Monday, it said.

       First launched in 2011, KGGF has been repositioned by shifting away from its previous focus on resource products such as energy, minerals, agriculture and related industries.

       The fund now aims to achieve capital growth by investing primarily in global equities and equity-related securities with a secondary focus on fixed income securities, structured products and money market instruments.

       KGGF will be benchmarked to MSCI All Country World Index (MSCI ACWI) a strategy which it favours recovery themes and structural growth trends.

       KGIF’s objective is to achieve steady capital growth and income distribution in a diversified portfolio according to Shariah principles, albeit in global Shariah-compliant equities and Shariah-compliant equity-related securities.

       Its benchmark, as of relaunch, is the Dow Jones Islamic Market World Index which measures the performance of a global universe of investable equities that have been screened for Shariah compliance consistent with Dow Jones' Islamic Markets Index methodology.

       Kenanga Investors executive director and CEO Ismitz Matthew De Alwis said the two funds will invest in global markets and provide it with a wider scope to capitalise on secular growth trends such as digitisation, electric vehicles, 5G, and also the expected rebound in markets post-Covid.

       “The indices to which the relaunched funds are benchmarked, the MSCI ACWI and DJIM World, have also shown consistent growth over the past 10 years despite economic cycles and major economic events, which demonstrates that global exposure delivers good returns and provides diversification", he said.

       De Alwis said the firm will adopt an active investment strategy that combines bottom-up investment analysis of companies with top-down macro-analysis of countries and sectors in asset allocation.

       The investment process will be consistent with the firm's philosophy of investing in companies that generate earnings growth and provide decent returns on capital and identify companies that are undervalued.

       Key factors of focus include 1) Sustainability of the business model, 2) Management track record, 3) Earnings growth and visibility, and 4) Returns on Capital.

       The Funds are suitable for investors who seek capital growth over a medium to long-term investment horizon.

       The initial minimum investment amount will be RM5, 000 with every additional investment at RM200 for KGGF.

       KGIF will require RM1, 000 as a starting amount with RM100 for each additional investment.