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Hong Leong Asset Management Launches Its First Shariah-Compliant ESG Fund

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Hong Leong Asset Management Launches Its First Shariah-Compliant ESG Fund

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Hong Leong Asset Management Bhd launches its first Shariah-compliant ESG fund, the Hong Leong Global Shariah ESG Fund, which aims to provide investors with medium- to long-term capital growth by investing in a globally diversified Shariah-compliant portfolio of securities focusing on ESG criteria in its investment process. The HL Global Shariah ESG Fund is the second ESG fund launched by Hong Leong AM within the past nine months reflecting the Company’s commitment towards sustainable investing.

Hoo See Kheng, Chief Executive Officer of Hong Leong AM said, “We are pleased to launch our first Shariah ESG fund, the HL Global Shariah ESG Fund to meet the demands and growing interest for Shariah-compliant, sustainable investments. Combining the strength between our in-house investment team’s and research team’s expertise, and further benchmarked against the S&P Global 1200 ESG Shariah Index, this demonstrates Hong Leong AM’s commitment to delivering sustainable returns to our investors while providing the opportunity to align their investment goals and personal values.”

See related article: World Bank Seeks More Funds to Address Climate Change, Other Crises

Noor Aini Binte Shaik Awab, Chief Executive Officer of Hong Leong Islamic Asset Management Sdn Bhd said, “The HL Global Shariah ESG Fund is launched at an ideal time, where both ESG and Islamic finance are trending themes. It is encouraging to observe that today’s investors seek more than just financial returns; they have a clear vision and want investment vehicles that do not compromise the environment and faith-based values. Furthermore, Malaysia is recognised as a leading Islamic fund hub across the globe¹, bringing forth new prospects to investors who are in search of Shariah-compliant ESG funds. With the launch of the HL Global Shariah ESG Fund, we are delighted for the investors as they are now presented with a new, ethical and meaningful investment opportunity”.

Hong Leong Islamic AM is the appointed external fund manager for the HL Global Shariah ESG Fund. The Fund is distributed through Hong Leong AM offices and Hong Leong AM agency force nationwide and is priced at RM1.0000 per unit during the initial offer period (“IOP”) until 29 January 2023. The minimum initial investment is RM1,000 while the minimum additional investment amount is RM100. Additionally, the Fund is also distributed via Hong Leong AM’s online portal – HL iSmart Invest.

Source: Fitch Ratings

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