KUALA  LUMPUR (Oct 23): RHB Asset Management, a wholly owned unit of RHB Investment Bank Bhd, has launched the RHB-OSK Entrepreneur Fund in partnership with Tokio Marine Asset Management International Pte Ltd.

Tokio Marine is the investment adviser.

The fund will invest in securities of companies that possess entrepreneurial characteristics.

"Our selection criteria consists of those companies that have management ownership of at least 5%, low valuations, strong growth and low gearing," said RHB Asset Management Chief Investment Officer Hoe Cheah How.

The fund's portfolio will consist of at least 50% investments in Japanese equities.

The remainder of the equity investments will come from other Asian countries, such as Hong Kong, China, Thailand, Singapore and Malaysia.

The fund was offered for subscription on Oct 14, with a minimum investment of RM1000, during the initial offer period until Nov 3.