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新闻稿2023年11月15日1 分钟阅读

新闻发布会 —— 柬埔寨首只集体投资计划基金

新闻发布会 —— 柬埔寨首只集体投资计划基金

新闻稿
富亚资产管理 (柬埔寨) 有限公司 (“BAMC”) 已成功获得柬埔寨证券交易监管机构 (“SERC”) 批准,在柬埔寨王国正式推出 富亚亚洲股票基金  (“BAEF”)。富亚亚洲股票基金为柬埔寨首只面向公众发售的零售型集体投资基金,公众投资者可依法参与投资。

富亚亚洲股票基金主要投资于亚太地区 (不含日本) 主要证券交易所上市公司的多元化股票投资组合。该基金旨在让投资者分享亚洲经济增长所带来的投资机遇。全球多位经济学家普遍认为,亚洲将成为未来数年全球最具增长潜力的核心区域。基金的品牌标语为 “亚洲崛起”。

作为柬埔寨首只获柬埔寨证券交易监管机构批准的零售集体投资基金,富亚为长期以来主要依赖银行存款进行财富累积的柬埔寨投资者,提供了多元化资产配置的新选择。此外,投资者亦无需前往海外金融中心,即可在本地合法参与国际投资机会。

富亚亚洲股票基金是富亚计划在柬埔寨陆续推出的一系列投资基金中的首只产品。为提升基金的普惠性及可及性,富亚将最低投资金额设定为仅 500 美元,让更广泛的投资者群体能够参与专业资产管理服务。

在基金架构方面,富亚担任富亚亚洲股票基金的基金管理人,新加坡的富亚资产管理私人有限公司 (“BAMPL”) 担任投资顾问,碉堡信托有限公司 (“ST”) 担任基金受托人。

富亚董事长Chan Theany女士阁下表示:

“我们深感荣幸并倍感欣慰,成为柬埔寨首家成功推出经柬埔寨证券交易监管机构批准的公募集体投资基金的基金管理公司。在取得各项牌照与监管批准的过程中,我们系统性地培养并建立了一支本地柬埔寨专业团队,承担资产管理领域的多项关键职能。此次富亚亚洲股票基金的推出,我们引入了国际基金管理经验及最佳公司治理实践,期望为柬埔寨资产管理行业树立更高的专业与合规标准。”

新加坡的富亚首席执行官 Aaron Ng 先生 表示:

“新加坡的富亚非常荣幸担任富亚亚洲股票基金 —— 柬埔寨首只获批公募投资基金的投资顾问。我们已将自身的国际经验、成熟的投资管理体系及最佳治理实践全面延伸至富亚,并衷心祝贺富亚成功推出该基金。”

关于 富亚亚洲股票基金 (“BAEF”)

富亚亚洲股票基金为一项股票型投资基金,主要投资于亚太地区 (不含日本) 主要证券交易所上市公司的股票。本基金旨在于中长期内实现年化约 7% 至 10% 的预期回报率*。

基金投资组合预计将高度分散,持有不少于 30 只亚洲地区股票,覆盖多个国家和地区,包括但不限于新加坡、香港/中国、澳大利亚、泰国、马来西亚、印度尼西亚、菲律宾等,并横跨多个行业板块,如银行业、房地产、工业、消费、通信、科技等。

本基金注册及设立于柬埔寨王国,以美元 (USD) 计价。基金将每日接受认购与赎回,并通过多种媒体渠道公布每日基金单位净值。

* 投资回报并非保证,实际回报可能因市场情况而有所波动。

关于富亚资产管理 (柬埔寨) 有限公司 (“BAMC”) 

富亚成立于 2022 年,注册地为柬埔寨王国,并已获得柬埔寨证券交易监管机构颁发的基金管理牌照,依法设立及管理公募型集体投资计划基金。

富亚为一家合资企业,由新加坡 Banjaran Holdings Pte Ltd、Best Magnet Capital Co., Ltd 及 Primo Plus Co., Ltd 共同投资设立。其中,Banjaran Holdings Pte Ltd 与新加坡富亚 (BAMPL) 为关联公司。

关于 碉堡信托有限公司 (“ST”)

碉堡信托 (ST) 是柬埔寨首家获得全面牌照的受托机构,碉堡信托同时获得**柬埔寨证券交易监管机构及信托监管机构 **的正式许可与注册。

碉堡信托专注于提供专业信托服务,包括但不限于集体投资计划信托以及个人及商业信托解决方案,并可根据客户需求量身定制相关服务。碉堡信托隶属于碉堡企业集团,其业务根基源自台湾。

关于新加坡富亚资产管理私人有限公司 (“BAMPL”)

新加坡富亚成立于 2014 年,注册地为新加坡,并持有由新加坡金融管理局 (MAS) 颁发的资本市场服务牌照 (基金管理)。

新加坡富亚的主要业务为投资管理,其管理的基金产品通过亚洲及英国的私人银行与投资银行渠道进行分销。此外,新加坡富亚亦是新加坡领先的多家族办公室服务提供商之一。

截至 2023 年 6 月 30 日,新加坡富亚的资产管理规模约为 50 亿美元,涵盖多元资产类别,包括私募及上市股权、私募及上市债务、另类投资、ESG 主题投资以及房地产投资。

 

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BAMC Asia Equity Fund (BAEF) Performance as of 16 October 2026
公告2026年10月23日

BAMC Asia Equity Fund (BAEF) Performance as of 16 October 2026

Markets in October Since end September, global equities have faced pressure from higher borrowing costs and growing scrutiny of the returns from AI related spending. Stronger than expected US inflation reinforced expectations of further Federal Reserve tightening, weighing particularly on technology and semiconductor valuations. Elevated oil prices added further pressure on inflation concerns. Overall, technology-heavy Asian markets bore a greater share of the selling in October’s global tech weakness. Our exposure to Asian equities reflects our focus on the region’s long-term growth opportunities. Short-term volatility is an inherent risk of this approach, but our investment decisions remain anchored in companies’ fundamentals and their potential to generate sustainable returns over time. Portfolio underperformance Against this backdrop, BAEF’s main drag was its concentration in Korean and Taiwanese equities and semiconductor related holdings, which together accounted for 32.3% of the portfolio and approximately 4% of the calculated drag. The Korea ETF and Samsung alone contributed roughly 2%. Korea was particularly affected by the unwinding of AI-related positions. On 15 October, its benchmark equity index fell approximately 8%. Samsung’s weakness came despite guidance for a substantial increase in third-quarter operating profit, suggesting that concerns over valuations, financing conditions and competition outweighed the near-term earnings improvement. The drop was compounded by sharp falls in several Singapore small caps and financials. Addvalue fell 22.9%, UOB Kay-Hian 25.2%, OCBC 10.3%. OCBC faced a specific catalyst when Citi downgraded the stock from “neutral” to “sell”, citing risks to third-quarter earnings, pressure on net interest margins from higher deposit costs, and the potential normalisation of exceptionally strong first-half wealth-related income. Addvalue’s share price weakness is due to profit-taking after a strong run. Singapore’s semiconductor-related suppliers to chipmakers fell harder than the larger chipmakers; Frencken fell 14.9%, UMS 14.8% and AEM 9.9%. Together, these holdings constituted approximately 14% of the portfolio and implied another 2.3% of drag. Like the global technology sell-off, broader concerns over the AI investment cycle were weighing on sentiment beyond individual companies’ reported performance. There were few meaningful offsets in the portfolio as gains elsewhere were insufficient to counter the losses. Why we still hold these stocks Despite the recent weakness, we retain these holdings because the underlying earnings drivers remain relevant to our investment horizon. The sell-off has weakened share prices more than the underlying medium- to long-term investment case. In semiconductors, the correction has coincided with continued growth in demand for AI compute. TSMC’s latest results and guidance pointed to sustained demand for advanced chips, while Samsung’s earnings guidance reflected stronger memory sales and pricing. These developments support maintaining exposure to the sector, although we recognise that strong operating performance does not eliminate valuation risk or the possibility of further share price volatility. Our Singapore semiconductor holdings provide exposure to different parts of this investment cycle. UMS benefits from equipment demand and increasing exposure to advanced packaging, AEM offers participation in increasingly complex semiconductor testing, and Frencken provides a more diversified manufacturing exposure. The rationale for retaining these positions rests on their prospective earnings as customers invest in additional capacity and advanced chip architectures, rather than an expectation that all semiconductor-related stocks will recover together. For the financial holdings, recent operating results provide a basis for distinguishing share price weakness from deterioration in the businesses. OCBC’s wealth-management and other non-interest income have helped offset pressure on lending margins, while its capital position continues to support business growth and distributions. UOB Kay Hian reported substantially higher first-half earnings, supported by stronger trading activity, commission income and interest income. We retain exposure to these earnings streams, while recognising that wealth related revenue and brokerage activity are market sensitive and that recent growth rates may not persist. We retain exposure to Addvalue to the long-term growth in satellite connectivity and space infrastructure. Recent share-price weakness appears to reflect, in part, profit-taking following a strong rally, while continued orders support the underlying growth outlook. In september, Addvalue announced US$15 million of new orders across its space connectivity and advanced digital radio business, bringing its order book to US$20.2 million. Converting these orders into earnings and cash flow remains central to our investment case. Overall, we remain selective and view the decline as a potential opportunity to top up positions rather as a reason to hold every position unchanged. Continued ownership must be supported by company fundamentals, an acceptable valuation, and grounded in earnings growth. Moving forward Looking ahead, we intend to increase exposure to quality large-cap and blue-chip companies to strengthen portfolio resilience amid continued volatility. We will prioritise businesses with sound balance sheets, sustainable earnings and cash flows, and durable competitive advantages. Further market weakness could provide opportunities to build positions at more attractive entry prices, while maintaining a disciplined approach to valuation. Disclaimer : This Document is issued for information and investor awareness purposes only to explain the factors contributing to the changes in BAEF’s NAV. It does not constitute investment advice, an investment recommendation, an offer, or a solicitation to buy, sell, or hold units of BAEF. The information provided herein should not be relied upon as the sole basis for any investment decision and does not guarantee future performance. Investors should refer to the Fund’s official offering documents and disclosures and carefully assess their own investment objectives and risk tolerance before making any investment decision.

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2026 September Market Outlook: Navigating Market Divergence
Market Outlook2026年10月1日

2026 September Market Outlook: Navigating Market Divergence

The Fed maintained a restrictive, data-dependent stance through August and subsequently raised the federal funds target range by 25 basis points to 3.75-4.00% citing persistent inflationary pressures. Updated projections point to the possibility of one further increase in 2026. Elevated long-dated US Treasury yields continue to present a valuation risk particularly for growth, technology and AI-related companies, whose expected cash flows lie further in the future. At the same time, continued corporate earnings delivery and investments in strategic technologies along the tech supply chain have so far helped the global economy absorb tighter financial conditions. Strong earnings guidance from major global technology companies supports the view that investment in data centres, advanced chips and supporting infrastructure remains resilient. Within Asia, performance has diverged meaningfully across countries. Singapore remains the region’s defensible market, with strong banking profitability and wealth management inflows attracting investor interest amid global uncertainty. Taiwan and South Korea’s technology sector continues to be major beneficiaries of surging AI-related demand. On the other hand, confidence towards China’s and Indonesia’s growth outlook remains fragile. China’s slow economic momentum is a result of a weak property market and slow domestic consumption, while Indonesia’s commodity price normalisation and concerns over capital outflows weigh on sentiment. Against this backdrop, maintaining well-diversified exposure across geographies and themes remains important. We continue to be highly selective in stock selection, adhering to a disciplined, bottom-up approach to portfolio construction that prioritises quality and resilience to macroeconomic uncertainty.

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Banjaran AMC Brings BAEF Investment Opportunities to Investors in Phnom Penh Through 3rd Round Roadshow
路演2026年9月5日

Banjaran AMC Brings BAEF Investment Opportunities to Investors in Phnom Penh Through 3rd Round Roadshow

Banjaran Asset Management (Cambodia) Plc. in collaboration with ACLEDA Securities Plc. and ACLEDA Bank Plc. Local Branch, (Khan Mean Chey, Sangkat Boeng Tumpun 01), successfully hosted the Workshop on “Golden Securities Investment by Opportunities” as part of the 3rd Round Roadshow. The workshop was held at the meeting hall of ACLEDA Bank Plc. Local Branch, (Khan Mean Chey, Sangkat Boeng Tumpun 01) on the morning of 05 September 2026. The workshop aimed to enhance public understanding of capital market investments and the BAMC Asia Equity Fund (BAEF), a Collective Investment Scheme (CIS). We sincerely appreciate the support of our partners and the active participation of all attendees. Special thanks to Mr. Sok Chantola, Deputy Sales & Marketing Manager of Banjaran Asset Management (Cambodia) Plc. on the topic “BAMC Asia Equity Fund (BAEF)”. We look forward to welcoming you to our upcoming events. #BanjaranAMC #BAEF #CIS #Investment #Strategic #Financial

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2026 August Market Outlook: Navigating Volatility
Market Outlook2026年9月1日

2026 August Market Outlook: Navigating Volatility

Concerns around the durability of AI-related capital expenditure and intensifying competition triggered a sharp sector sell-off after a mid-July peak. Investor sentiment turned more discerning on the back of earnings season, and questions arose regarding how sustainable the AI investment pace is without eating into cash generation. Capital rotated out of semiconductors and into energy, financials and value stocks, shifting to markets and names seen as less exposed to a single-theme correction. Layered on top was renewed Middle East escalation and its effect on rates expectations. Brent crude spiked back above $100/barrel intermittently after the US reinstated a naval blockade on Iran and announced plans to impose a levy on cargo transiting Hormuz, although the levy was never implemented. This revived inflation concerns and caused markets to price a reduced likelihood of further Fed easing. Elevated US bond yields further weighed on stocks. Looking ahead, renewed conflict or another AI-related pullback could swiftly unwind recent sentiment gains and force a repricing of both rates and earnings expectations. Against this backdrop, we continue to favour a diversified, bottom-up approach that balances exposure to structural AI and technology themes with quality, less crowded names to weather through volatility.

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Banjaran AMC Expands Securities Investment Awareness Through 3rd Round Roadshow in Svay Rieng
路演2026年8月22日

Banjaran AMC Expands Securities Investment Awareness Through 3rd Round Roadshow in Svay Rieng

Banjaran Asset Management (Cambodia) Plc., in collaboration with ACLEDA Securities Plc., and ACLEDA Bank Plc. Local Branch (Svay Rieng Province), successfully hosted the Workshop on “Golden Securities Investment by Opportunities” as part of the 3rd Round Roadshow. The workshop was held at the meeting hall of ACLEDA Bank Plc. Local Branch (Svay Rieng Province) on the morning of 22 August 2026. The workshop aimed to enhance public understanding of capital market investments and the BAMC Asia Equity Fund (BAEF), a Collective Investment Scheme (CIS). We sincerely appreciate the support of our partners and the active participation of all attendees. Special thanks to Mr. Taing Hoy, Legal and Compliance Officer of Banjaran Asset Management (Cambodia) Plc., on the topic “Investment Value and Benefits of the BAMC Asia Equity Fund (BAEF)”. We look forward to welcoming you to our upcoming events. #BanjaranAMC #BAEF #CIS #Investment #Strategic #Financial

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Banjaran AMC Strengthens Strategic Partnership with Forte Through BAEF Investment Workshop
活动2026年8月19日

Banjaran AMC Strengthens Strategic Partnership with Forte Through BAEF Investment Workshop

Banjaran Asset Management (Cambodia) Plc., in collaboration with ACLEDA Securities Plc., successfully organized a workshop on “Golden Investment Opportunities in Securities Sector” for the Management team and staff of Forte General Insurance Plc., and Forte Life Assurance Plc., on 19 August 2026 at Forte Office, One Park Tower. The workshop provided participants with valuable insights into the BAMC Asia Equity Fund (BAEF), including its key features, investment strategy, and the opportunities available through investing in a professionally managed fund licensed by the Securities and Exchange Regulator of Cambodia (SERC). During the session, Mr. Sok Chantola, Deputy Sales & Marketing Manager of Banjaran Asset Management (Cambodia) Plc., delivered a presentation on “Investment Value and Benefits of the BAMC Asia Equity Fund (BAEF)”, sharing knowledge on investment opportunities and the benefits of BAEF as part of Cambodia’s growing securities sector. This workshop marks another important milestone under the Strategic Partnership between Banjaran Asset Management (Cambodia) Plc., ACLEDA Securities Plc., Forte General Insurance Plc., and Forte Life Assurance Plc., with the aim of enhancing investment awareness, strengthening collaboration, and creating opportunities for future business growth. #BanjaranAMC #BAEF #CIS #Investment #Strategic #Financial

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