Posted inNews

RHB AM launches Islamic balanced fund

Malaysia's RHB Asset Management has launched an Islamic balanced fund that will invest in Shariah-compliant equities and fixed income securities in the Asia Pacific region.

The RHB-OSK Islamic Regional Balanced Fund, is the latest addition to the fund house’s suite of 10 Islamic funds, and aims to provide regular income from a diversified portfolio of both local and foreign Shariah-compliant investments.

The asset manager said the fund is designed in response to the needs of Shariah-compliant investors seeking a diverse medium to long term investment with a balanced portfolio.

The fund will seek to invest 40%-60% 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.

Chief executive Ho Seng Yee said: “Our customers will find this fund an attractive alternative to the other traditional investment options while enhancing their returns and minimizing investment risks.”

Investors can invest in the scheme with a minimum investment of RM1,000 during the 21-day initial offer period which started on 8 April.

Part of the Mark Allen Group.