The firms also agree a superannuation funds merger.
![](https://s34456.pcdn.co/wp-content/uploads/2022/03/GettyImages-1066998508-640x360.jpg.optimal.jpg)
The firms also agree a superannuation funds merger.
The deal adds $267m in funds under management.
The Australian firms intends to develop its wealth and banking businesses.
It will focus on hubs in Malaysia, Singapore and Australia alongside its head office in Hong Kong.
Both inflows and AUM of the asset class have grown exponentially, according to a Cerulli Associates report.
More banks were introduced on Raiz’s platform in Malaysia as its exclusivity agreement with Maybank expired last month.
Raiz Invest’s investor base in Malaysia and Indonesia is growing.
Australian bonds offer investors relatively high yields from defensive credits, according to Aberdeen Standard.
Raiz Invest has inked a joint venture agreement with Malaysia’s PNB after setting up in Indonesia last year.
Some equities were trimmed from the JP Morgan mixed-asset fund because the average valuation reached the upper-end of the firm’s projection, said Julie Ho, co-manager of the firm’s Asia-Pacific Income Fund.
Part of the Mark Allen Group.