Posted inRest of APAC

Nomura debuts sustainable Shariah fund in Malaysia

The asset manager has partnered with Sun Life Malaysia to further promote ESG investing in the country.
Malaysia’s Affin Hwang launches absolute return feeder fund

The Nomura Global Shariah Sustainable Equity Fund has been made available to Malaysian investors to improve local investor access and cater to the growing demand for impact investing.

“Our goal is to offer our clients more opportunities and ways to invest according to their principles, achieve their investment goals as well as to generate positive impact,” said Leslie Yap, managing director and country head of Nomura Asset Management Malaysia.

“We believe we can do so by providing long-term value with quality solutions that combine ESG and Shariah principles.”

The fund has a minimum initial investment of RM1,000 and $1,000, and Nomura Asset Management UK will provide investment research and stock recommendations for the product.

The asset manager is also partnering with Sun Life Malaysia Takaful Berhad, the family takaful arm of Sun Life Malaysia, to provide its clients with greater options to include ESG factors in their investment decisions.

This is the second Shariah fund offered by Nomura in Malaysia, after the Nomura Global Shariah Strategic Growth Fund.

The latter was first introduced in May 2020 and has an NAV of RM206m.

“[The Nomura Global Shariah Sustainable Equity Fund] has been achieved by focusing not only on portfolio companies’ financial performance, but also on their positive social impact,” said the asset manager in a statement.

As of end of May, the total AUM of Nomura Asset Management in Malaysia stood at RM29bn.

Part of the Mark Allen Group.