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Asset Management / Wealth Management
Kenanga launches new global real asset fund
Open-ended retail fund invests in ETFs linked to real estate, precious metals and commodities
The Asset   4 Jun 2025

Kenanga Investors Berhad, a fund manager based in Kuala Lumpur, has launched an open-ended retail fund that offers investors exposure to global real estate, precious metals, and commodities.

The Kenanga Alternative Series: Global Real Assets Fund ( Kasgraf ), a new addition to its Kenanga Alternative Series, is an open-ended retail fund designed to achieve steady growth by diversifying investments across global real assets through carefully selected exchange-traded funds ( ETFs ).

The fund's ETF exposure is managed by GAX MD Sdn Bhd, which boasts using sophisticated algorithms and advanced investment models to ensure precise and effective management of global real assets. GAX MD is also the creator of Mytheo, a digital investment management platform launched in Malaysia since 2019.

"Amid the complex economic landscape of today, the value of physical assets such as real estate, commodities, and precious metals often appreciate, enabling investors to maintain the real value of their wealth. By integrating real assets into our portfolios, we offer our investors a robust hedge against market uncertainties and a means to achieve steady returns due to its sustainable growth potential," says Wira Ismitz Matthew De Alwis, executive director and chief executive officer of Kenanga Investors.

"Our partnership combines Kenanga Investors' extensive asset management expertise with GAX MD's advanced quantitative modelling capabilities, creating a strategy based on a systematic, data-driven and cost-efficient approach to portfolio construction that optimizes performance while strengthening diversification and risk management."

Kasgraf aims to achieve a steady growth of investment assets and realize stable income, making it an ideal choice for investors with medium-term investment horizons, Kenanga says.

The fund's core strategy involves investing primarily in ETFs linked to a diverse array of real assets. This includes sectors such as real estate, precious metals, and commodities.

By diversifying across these areas, Kasgraf helps to mitigate risk while enhancing the potential for returns. The fund is available for subscription in Malaysian ringgit with a minimum initial investment amount of 1,000 ringgit ( US$235.56 ).