What are the healthcare funds available in Malaysia market?
Health care stocks seem to be under spotlight during the COVID-19 pandemic period. Let’s have a look at various unit trust funds available in Malaysia for healthcare sector.
- Affin Hwang World Series – Global Healthscience Fund
This is a feeder fund that seeks to feed into Blackrock Global Funds (BGF) – World Healthscience Fund. As of December 2020, this fund has major exposure for US stocks (approximately 67.7%) followed by Switzerland (8.1%) and China (5.1%). It has major exposure on Pharmaceuticals and Health Care Equip. & Supplies companies (more than 50%).
As of 11 March 2021, the past 1 year return of the fund is 18.15%. This fund has 5.5% initial sale charge and 1.8% annual management fee. It has a high entry investment level, i.e. RM 5,000 with subsequent investment of RM 1,000.
- United Global Healthcare Fund
This is not a feeder fund and as of February 2021, the fund has major exposure for US stock (70.8%) followed by UK (5.81%) and Japan (4.55%). This fund has more exposure on biomedical companies than the Affin Hwang’s fund, i.e. 28.06% vs 13.5% in Affin Hwang’s fund. In terms of Pharmaceuticals companies, UOB’s fund has only 21.05% vs 30.1% (Affin Hwang’s fund).
As of 11 March 2021, the past 1 year return of the fund is 28.62%. This fund has 5% initial sale charge and 1.75% annual management fee. It has normal investment entry level of RM 1,000 with minimum RM 100 subsequent investment.
- Manulife Global Healthcare Fund
This is a new fund recently launched by Manulife Investment Company. Hence the funds received are not fully invested yet hence no detail of holding and return are revealed.
This fund has 5.5% initial sale charge and 1.8% annual management fee. It has normal investment entry level of RM 1,000 with minimum RM 100 subsequent investment.
In conclusion, based on fund fact sheets available, United Healthcare Fund is cheaper to invest compared to other 2 healthcare funds available with better past 1 year historical return. Also, United Healthcare Fund has lower minimum investment entry of RM 1,000 compared to Affin Hwang’s fund.
If you are interested in the funds, please contact me.
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