RHB Asset Management, the asset management unit of RHB Banking Group, is planning to boost its assets under management (AUM) across the region to MYR58bn by the end of this year.
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RHB Asset Management CEO Ho Seng Yee said the firm has recorded MYR48.56bn AUM last year.
Ho added that the firm is also planning to launch 16 funds in Malaysia and 25 funds in other Asean regional market this year. The group now has 140 funds across the region, with 120 funds in Malaysia.
"It is an achievable target considering that Malaysia probably will be the main contributor to this MYR58bn, and also we are expanding regionally with quite a lot of new funds to support the growth," he told the media after launching the RHB-OSK global equity stabilizer fund.
With a minimum investment of MYR20, 000, the new RHB-OSK global equity stabilizer fund intends to add MYR200m to its MYR58bn target.
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By GlobalDataThe fund is a Singapore-domiciled dollar open-ended collective investment scheme that invests in a portfolio of global equities and equity related securities such as loan stocks and warrants.
