12-11-2018
Smart Investor: Building Another Fortress
This month’s issue of Smart Investor features Lee Sook Yee, Chief Investment Officer of Kenanga Investors Berhad (“KIB”). In this article, she talks about the newly launched Kenanga Growth Fund Series 2 (“KGFS2”), which was rolled out to replicate the success of KIB’s Kenanga Growth Fund that has grown to RM1.52 bil as of end August 2018. KGFS2 is nimbler in size, and it can have up to 30% regional exposure as part of its asset allocation strategy which will diversify its exposure to local and regional markets. As an absolute return fund, KGFS2’s tactical allocation strategy enables its equity portfolio to aim for growth during favourable market conditions as well as capital preservation during adverse conditions. Sustainability of business models, earnings visibility and balance sheet strength are among the stock picking parameters that have been identified for KGFS2, according to Ms Lee.