RHB AM expects that it will be able to attract RM 100m ($23.7m) for its US-focused income fund in the next couple of months.
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RHB AM expects that it will be able to attract RM 100m ($23.7m) for its US-focused income fund in the next couple of months.
JP Morgan’s Income Fund has become popular among Malaysian and Thailand investors.
Mercer will recommend the underlying funds of the portfolio.
Other plans include offering its globally-listed ETFs to investors in Southeast Asia.
The firm has raised THB 11.1bn ($360m) from two feeder funds that were launched last month.
The best-selling fund last year was a locally-wrapped version of Schroders’ Asian Income Fund.
The development should be positive for China-focused products in Hong Kong, as there are only a few funds in Thailand providing exposure to the mainland.
The firm, which manages one of the world’s largest money market funds, is trying to diversify its product range.
Since November, six L&I products have been launched in the country, but demand is expected to be low.
Affin Hwang Asset Management has introduced an income product for Malaysian investors, aiming for 5% annual distribution.
Part of the Mark Allen Group.