BNY Mellon Investment Management is hoping to tap into the growing wealth across Asia with a new partnership in the region.
BNY Mellon Investment Management, the world’s largest multi-boutique asset manager, and Maybank Asset Management Group (Maybank AM Group), the asset management business of Malaysia’s Maybank, have announced the launch of the BNY Mellon Asia Rising Stars fund.
The fund will combine the expertise of BNY Mellon Japan small cap and the Maybank Asia ex-Japan small cap teams. BNY Mellon Asset Management Japan Limited will manage the Japanese small cap equities portion, and Maybank Asset Management Singapore Limited will manage the Asia ex Japan small cap portion.
Focusing on companies with a market cap below US$5billion, the fund will seek to provide capital growth by investing in Asian small cap companies which are listed on recognised exchanges in Asia, including Japan.
A Fertile Market
The investment team includes BNY Mellon’s Japan equity team of five, based in Japan led by Miyuki Kashima, Head of Japanese Equity Investments, along with Maybank AM’s Asia (ex Japan) equity team based in Singapore, led by Ajay Sharma and Kedar Wagle, Co-Heads of Equities.
Both teams have an average of more than 17 years’ industry experience with complementary investment styles. Each uses a fundamental high conviction approach combined with strong risk controls, making it suitable for selecting opportunities within the smaller cap universe.
«Asia provides an appealing investment landscape with growth in the region robust, valuations attractive, along with a commitment to economic reform in many countries. Combine this with the Asian small cap sector which is under-researched and often mis-priced, making it a fertile market in which to generate alpha,»commented Doni Shamsuddin, Co-Head of BNY Mellon Investment Management, Asia Pacific.
