AmInvest launches Health Fund to feed into Pictet-Health

AmInvest launches Health Fund to feed into Pictet-Health
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KUALA LUMPUR (June 30): AmInvest has introduced a long-term capital growth fund, Health Fund, its fourth in the Sustainable Series, that will feed into Pictet-Health by Pictet Asset Management.

In a statement on Thursday (June 30), AmInvest said the fund’s base currency is the US dollar while it is being offered for subscription to investors in US dollars, ringgit (RM) and in RM-hedged classes at the initial offer prices of US$1 and RM1 per unit respectively during the initial offer period until July 18.

AmInvest, the fund management business of AmFunds Management Bhd and AmIslamic Funds Management Sdn Bhd, said it has observed several drivers that support the health megatrends.

“The demographic shifts in the ageing population will increase healthcare demand. Average life expectancy has increased steadily while fertility rates around the world have dropped.

“As wealth increases, there will be ensuing growth of health expenditure through the means of prevention, better therapies and better access to medicine,” it said.

AmFunds Management chief executive officer (CEO) Goh Wee Peng said that the fund suits retail investors who are wanting to align their personal values and beliefs on sustainability with their investment portfolio.

“Through investing in the fund, healthcare companies are coming up with disruptive innovations such as cutting-edge robotics and interactive sports devices as potential investments in this frontier.

“AmInvest is excited to partner with Pictet Asset Management, which has been awarded the Best Thematic Provider by Asian Private Banker 2022 with US$69 billion in managing thematic assets, as of April 30,” she said.

AmInvest said Pictet-Health invests in global companies such as digital diagnostics providers, physiotherapy services and health insurers, capitalising on health megatrends as well as innovators improving the standard of healthcare.

Ambank group CEO Datuk Sulaiman Mohd Tahir added that the fund is reflective of the group’s initiative to bring thematic offerings that focus on environmental and socially responsible investments.

AmInvest has already launched three other Sustainable and Responsible Investment (SRI) qualified funds under the Sustainable Series, namely Positive Change Fund, Climate Tech Fund and Nutrition Fund.

It also said that more funds are slated to be launched in the pipeline.

“We believe that these sustainability-themed funds are very long-term in nature with the businesses whose securities they invest in driving meaningful impact to society,” Sulaiman said.

Surin Murugiah