Malaysia Archives - Page 5 of 15

Aussie robo platform launches in Malaysia

The platform will make use of mutual funds managed by local firm PNB.

Similarly, Kuala Lumpur-based BIMB IM also launched its own robo-advisory platform last month.

They include products managed by Jupiter Asset Management, Blackrock and Principal Asset Management.

BIMB IM started to manage ESG portfolios when it partnered with a UK firm in 2015.

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.

Mercer will recommend the underlying funds of the portfolio.

The best-selling fund last year was a locally-wrapped version of Schroders’ Asian Income Fund.

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.

The bank’s Hong Kong operations, which include brokerage, asset and wealth management services, recorded losses in the last few years.