The Investment Committee meets once every quarter and is responsible for formulating, implementing and monitoring the investment management policies of the Fund to achieve the objective of the Fund. The Investment Committee also assumes a supervisory and guidance role on the investment decisions made by the Manager
The Investment Committee will ensure that the investment views of the Manager are reasonable and that the strategies proposed are appropriate. Specifically, the Investment Committee will be required to approve the investment strategy covering the following areas:
asset allocation for the Fund
sector allocation for the Fund
portfolio risk guidelines for the Fund
broker/dealer selection
investment criteria
The Key Personnel of the Investment Team
The investment team of the Manager comprises a number of fund managers and investment research analysts who possess the experience and expertise to undertake the investment management of the funds managed. Portfolio meetings are held on a weekly basis, where the investment team will review and assess the portfolio of the Fund
Shariah Adviser of the Funds
BIMB Securities Sdn Bhd (BIMBSEC) has been appointed as the Shariah Adviser for five of our Islamic Funds, namely Hong Leong Dana Makmur, Hong Leong Dana Maa’rof, Hong Leong Islamic Income Management Fund, Hong Leong Dana Al-Izdihar and Hong Leong Dana Al-Safa'.
BIMBSEC is a stockbroking subsidiary of BIMB Holdings Berhad and was incorporated on 21 February 1994.
The corporate mission of BIMBSEC is to be an active participant in a modern, innovative and dynamic Islamic capital market of Malaysia, catering for the needs of both Muslims and Non-Muslims investors looking for Shariah-compliant investment products and services.
As the Shariah Adviser, the role of BIMBSEC is to ensure that the investment operation and processes of the Funds are in compliance with Shariah requirements. The Shariah Adviser reviews the Funds’ investments on a monthly basis to ensure Shariah compliance and it also reviews the interim and annual reports of the Funds.
BIMBSEC is also registered with the Securities Commission Malaysia to act as a Shariah Adviser for Shariah-compliant products and services regulated by the SC. As at 31 July 2019, BIMBSEC is a Shariah Adviser to 86 unit trust funds.
The profile of the designated Shariah person is as follows:
External Fund Manager
Hong Leong Islamic Asset Management Sdn. Bhd. (“HLISAM”)
HLISAM, which is the external fund manager for Hong Leong Dana Makmur, Hong Leong Dana Maa’rof, Hong Leong Islamic Income Management Fund, Hong Leong Dana Al-Izdihar and Hong Leong Dana Al-Safa’ was incorporated in Malaysia under the Companies Act 1965 on 29 May 1985 under the name of Hong Leong Fund Management Sdn Bhd (“HLFM”) and licensed by the Securities Commission Malaysia (“the SC”) for the regulated activity of conventional fund management. Pursuant to an acquisition exercise within the Hong Leong Group on 28 June 2019, HLISAM became a wholly owned subsidiary of the Manager. In November 2019, HLISAM was issued with an Islamic fund management license by the SC to undertake the regulated activity of Islamic fund management.
As a member of Hong Leong Group, HLISAM has the advantage of leveraging on the Group’s diversified businesses in banking and financial services, manufacturing and distribution, property development and investments, hospitality and leisure, and principal investments with presence in North and Southeast Asia, Western Europe and the UK, North America and Oceania.
Through a disciplined and systematic investment process, HLISAM aims to identify and invest in companies with sustainable competitiveness that seeks to deliver consistent portfolio performance and generate superior value for the investors.
Sumitomo Mitsui DS Asset Management (Hong Kong) Limited [SMDAMHK]
SMDAMHK, which is the external fund manager for Hong Leong Asia Pacific Equity Fund, is a Hong Kong-based wholly owned subsidiary of Sumitomo Mitsui DS Asset Management Company, Limited (SMDAM), with assets under management of approximately USD157 billion as of 31 March 2019. It is owned by major financial institutions of the Sumitomo and Mitsui groups and Daiwa Securities in Japan. SMDAMHK has an experienced investment team which consists of personnel located in Tokyo, Shanghai and Hong Kong to cover Asia Pacific regions. In fulfilling its responsibility, SMDAMHK undertakes among others, the implementation of appropriate investment process and strategies to achieve the Fund’s objective as well as providing sales, marketing and customer experience support to HLAM.