by AUFA MARDHIAH / Pic courtesy of Nomura

NOMURA Asset Management Malaysia Sdn Bhd newly-launched Global Shariah Semiconductor Equity Fund is aimed to offer investors access to the rapidly growing semiconductor sector driven by global digitalisation trends.

The first of such funds in Malaysia will be available for a minimum initial investment of RM1,000 or US$1,000 (RM4,460) from July 27 onwards.

Nomura Asset Management Malaysia MD and Country head Leslie Yap said the company will continue to innovate and offer investors opportunities to invest in assets with strong potential for growth and long runways.

“The acceleration in digitalisation including the rollout of 5G networks has intensified the need for greater connectivity, giving rise to an exponential surge in computing needs and demand for semiconductor chips, which are essential components of most electronic devices. The timely launch of the fund enables us to capitalise on such trends and provide investors access to high-quality global semiconductor companies while achieving portfolio diversification,” he said in a statement yesterday.

In addition, the fund focuses on quality companies with high growth potential, healthy profit margins and strong intellectual property, pricing power and balance sheets.

Moreover, the company will also be able to identify quality names with distinct competitive advantages, solid governance, stable cash returns to shareholders and a consistent track record of attractive returns on capital with the in-depth fundamental analysis.

Appointed as the investment advisor to the fund, Nomura Asset Management UK Ltd will provide investment research and stock recommendations in line with the fund’s investment objectives and restrictions.