RHB Asset Management (RHBAM) has unveiled its new Islamic Asia Pacific income and growth fund, the RHB-OSK Islamic Regional Balanced Fund.
The new fund aims to provide regular income in the form of units earned and capital growth from a diversified portfolio of both local and foreign Shariah-compliant investments.
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The asset manager said that the fund is designed in response to the needs of Shariah-compliant investors seeking a diverse and rewarding, medium to long term investment with a balanced portfolio.
According to RHBAM, the fund will invest between 40% and up to 0% of its assets in Shariah-compliant equities and non- equity investments including the fast growing sukuk, Islamic money market instruments and Islamic deposits with financial institutions.
Ho Seng Yee, CEO of RHBAM, said: "We are excited to introduce the Shariah-compliant RHB-OSK Islamic Regional Balanced Fund into the market. Our customers will find this Fund an attractive alternative to the other traditional investment options while enhancing their returns and minimizing investment risks.
"We are confident that the RHB-OSK Islamic Regional Balanced Fund will be able to emulate the strong performance and success of our existing funds."
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By GlobalDataYee added: "The launch of RHB-OSK Islamic Regional Balanced Fund further reinforces our strategy to position RHBAM as an outstanding ASEAN fund house offering a full spectrum of asset management products and services."
