As part of its on-going commitment to meet the growing and varied needs of customers, Maybank has signed an agreement with two renowned unit trust management companies, Hwang-DBS Unit Trust Berhad and Pheim Unit Trusts Berhad which enables Maybank to distribute their unit trusts at Maybank branches.
The Agreement was signed at Menara Maybank with Datuk Johar Che Mat, Senior Executive Vice President, Head, Retail Financial Services representing Maybank. Hwang-DBS Unit Trust Berhad was represented by its Director, Mr. Alex Hwang Lip Teik while Dr. Tan Chong Koay, Director, Pheim Unit Trusts Berhad signed on behalf of his company.
Speaking at the signing ceremony, Datuk Johar said that Maybank's move to collaborate with the external Unit Trust Management Companies is part of the evolution of the unit trust industry that enhances Maybank's objective of meeting customers’ needs as well as leveraging on the advantages offered by Maybank Group and the synergetic affiliation with reputable unit trust companies.
"This special relationship with Hwang-DBS and Pheim will enable each of us to gain competitive advantage as well as leverage on the synergy of our brand strengths. Our selection of these partners is based on stringent criteria including complementary product, fund performance, good governance, credible reputation and sound management. The alliance with Maybank will provide a large potential customer base and wider reach for business partners of their flagship products that will contribute to mutually positive potential growth for stakeholders," added Datuk Johar.
Maybank Institutional Unit Trust Agency (IUTA) programme will fulfill the customers' possible need for more valued products to enable them to diversify their investment portfolios. Customers will now have an access to a wider range of six new unit trusts in addition to the 16 funds presently offered by Mayban Unit Trust Berhad.
The four funds offered from Hwang-DBS Unit Trust Berhad are:
- Hwang-DBS Select Opportunity Fund
- Hwang-DBS Select Balanced Fund
- Hwang-DBS Dana Fahim
- Hwang-DBS Dana Izdihar
The two funds offered from Pheim Unit Trusts Berhad are:
- Pheim Emerging Companies Balanced Fund
- Dana Makmur Pheim
"Hwang-DBS Unit Trust Berhad is very honoured to be appointed as one of the two strategic business partners under Maybank's Institutional Unit Trust Agency (IUTA) programme. Through this mutually beneficial partnership, more Malaysians will have access to the four of our in-house funds through Maybanks' extensive distribution network nationwide. Hwang-DBS Unit Trust is confident this venture will also contribute to promoting investment of savings in unit trust among more Malaysians and we are looking forward to working with Maybank to take on the challenge of capturing a larger market share in the unit trust industry," said Alex Hwang Lip Teik, Director of Hwang-DBS Unit Trust Berhad.
At the ceremony, Dr Tan Chong Koay, Director, Pheim Unit Trusts Berhad said,"with Maybank's extensive network of retail branches extending from urban centres to many rural areas in the country, coupled with Pheim's proven fund management expertise, we are confident that our alliance will provide more Malaysian investors, particularly those from rural areas, with a broader and better range of financial solutions, not just domestically, but also in other regional markets."
He also added that Pheim's core investment philosophy revolves around a disciplined value-style investing and believe in being not fully invested at all times. "We look for stocks that sell at substantial discounts to their underlying value, with focused management, low gearing position and trade at low P/Es and other relevant valuation parameters. Net results is that we have consistently been delivering acceptable returns for our investors with minimal risks, and we hope such superior performance will continue going forward," said Dr. Tan.
The six new funds will be initially available at selected Maybank branches and Private Banking Centres nationwide and will eventually be extended to all Maybank branches throughout the country that serve as distribution channels for all unit trusts products offered by Maybank Group.
More information on the distribution channels and product features are available at Maybank branches or at its website www.maybank2u.com.