RHBAM aims to grow AUM To RM58-B by year-end

January 29, 2015 12:35 am 

KUALA LUMPUR, Jan. 28 — RHB Asset Management Sdn Bhd (RHBAM), a unit of RHB Investment Bhd, aims to grow its assets under management (AUM) to RM58 billion by year-end from the present RM48.6 billion.

"We are confident of raising the AUM, driven by upcoming product launches in malaysia and Asia, as well as our established reputation network," said Regional Head of Retail Distribution Group Asset Management Chief Executive Officer of Malaysia, Ho Seng Yee.

He was speaking at the launch of the RHB-OSK Global Equity Stabiliser Fund, here Wednesday.

Ho said over the next 12 months, the group is targeting to raise RM200 million for the RHB-OSK Global Equity Stabiliser Fund.

"The fund is believed to be the first with a "stabiliser mechanism" in malaysia as it protects investors against volatile global equity market correction.

"Apart from potential capital appreciation, it is expected to reward investors with dividend payments of between 3.5 and 4.0 percent annually on a quarterly basis," he added.

He said Malaysia is an important market as it contributed about 82 per cent to the group's bottomline last year, and expects this to increase in 2015.

"For our Malaysian business, we are looking at a significant and positive contribution to the targeted assets under management. This will be done through the 16 new funds that we plan to unveil this year," he added.

Ho also said there will be 25 new funds to be launched across Asia. (PNA/BERNAMA)

LGI/CDN

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