The new fund serves as a strategic complement for investors seeking flexibility and diversification across Asia without the concentrated macro and policy risks linked to China

KUALA LUMPUR – AHAM Asset Management Berhad ("AHAM Capital" or "the Company") has announced the launch of the AHAM World Series – Asia ex-China Equity Fund ("the Fund"). The Fund is an equity feeder growth fund that provides investors access to the vast structural growth opportunities in Asia, while mitigating the concentrated macroeconomic and policy risks linked to China.

The Fund will primarily invest in the TT Asia ex-China Equity Fund ("Target Fund"), managed by TT International ("Target Fund Manager"). To achieve its investment objective, the Fund will allocate a minimum of 85% of its net asset value (NAV) to the Target Fund and a maximum of 15% to money market instruments, deposits, and/or derivatives for hedging purposes.

Anton Tan, Chief Officer of Product Solutions at AHAM Capital said, "An Asia ex-China strategy offers investors a differentiated pathway to participate in the region’s long-term growth, while providing greater flexibility to calibrate their exposure across Asia without inadvertently increasing allocation to China. By separating China as a distinct allocation, investors can more precisely fine-tune their portfolios, maintain exposure to Asia’s broader growth story, and better manage volatility specific to China.

“As China’s capital markets mature, they are increasingly viewed as a standalone allocation within many global portfolios. For perspective, China’s index weight has surged from just 9% in 2000 to nearly 50% in 2020, and today still represents about 32% of the MSCI Asia ex-Japan Index. Such concentration introduces risks that can limit investors’ ability to capture the region’s broader growth story.

“The Fund is designed to serve as a strategic complement within investors’ Asian portfolios, giving them greater control over how they allocate capital in the region. We believe this flexibility is increasingly important as Asia evolves into a more complex and multi-dimensional investment landscape,” Anton said.

Jason Hill, Head of Asian Intermediaries at TT International said, “We are delighted to launch this fund with AHAM Capital, at a particularly exciting time for investing across Asia. Amidst continued US dollar weakness and economic policy uncertainty between the US and the rest of the world, we have seen investors diversify their concentrated US Equity exposure which has resulted in strong flows back to Emerging Market and Asian equities this year. Given China’s dominant weight in EM and Asian indices, it has benefited from this and seen strong returns year-to-date, but it remains a volatile market susceptible to sharp swings in sentiment and domestic & foreign policy shifts. It is a market increasingly invested in on a standalone basis.

TT’s Asia ex-China fund is designed to provide a modern approach to capturing the rest of Asia’s exciting growth opportunities and rightsizing them in investors’ portfolios. Its investment universe offers a diverse range of growth drivers; from the powerful domestic demand-driven economy of India, benefitting from Modi’s reforms to the vibrant ASEAN economies such as Indonesia and the Philippines, supported by attractive demographics, low credit penetration and attractive valuations versus the rest of the region and their own history. And lastly the more developed and export-orientated economies of South Korea and Taiwan, which continue to dominate Global AI and Tech supply chains, a long-term structural growth mega theme.

We strive to create innovative and customised investment solutions for our partners across Asia and expect this trend of demand for Asian equity exposure excluding China & Japan to continue, as investors seek diversification and a more targeted approach to capturing investment opportunities in the region.”

The Fund is suitable for investors seeking capital appreciation over a long-term investment horizon. The Base Currency of the Fund is in USD and is available in three currency classes namely, USD Class, MYR Class, and MYR Hedged-Class. The minimum investment amount is $1,000 for all currency classes.

Investors are advised to read and understand the contents of the Fund’s Product Highlights Sheet and Prospectus dated 23 July 2025 before investing. To learn more about the Fund, visit aham.com.my.

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