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RHB AM targets 16 funds in 2015

Malaysia-based RHB Asset Management is planning to launch 16 new products this year as it targets RM58bn ($16bn) in assets under management by year's-end.

The Malaysian fund house had RM48.6bn in assets under management on 31 December. Of this, institutional funds comprised about 55% and the rest was retail funds.

The firm earlier this week unveiled a global equity stabiliser feeder fund and is now looking to launch another new product in March. 

The new products would seek to bridge the gap in the current product line. Some of the fund launches would cater to the income needs of investors, the company said, but further details were not disclosed.

“These [new funds] would be conceptualised with the investors’ risk profile and appetites,” said Ho Seng Yee, chief executive and regional head of group retail distribution.

“Currently, in the market there is a thirst for funds that would provide regular income, capital appreciation with targeted lower risk and volatility.

“Other times, we would be establishing products to meet our own internal house product gap or to fill that of our distributors.”

In October, RHB Asset entered into a strategic alliance with Convoy Asset Management to launch an ASEAN small and mid-cap company fund.

It also floated a fund in partnership with Japan’s Tokio Marine Asset Management.

 

 

 

Part of the Mark Allen Group.