Malaysia’s Maybank Asset Management is acquiring two mutual fund businesses of Permodalan Nasional Berhad (PNB) in Malaysia and Singapore, the firm announced.
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Malaysia’s Maybank Asset Management is acquiring two mutual fund businesses of Permodalan Nasional Berhad (PNB) in Malaysia and Singapore, the firm announced.
Feeder funds are gaining traction in Southeast Asia, as local investors warm to geographic diversification of investments.
The Malaysian firm has launched a fixed income feeder fund, which invests in an Asian fixed income product managed by its Singapore arm.
Maybank Asset Management has launched a US dollar-denominated global sukuk fund to meet investor demand for Shariah-compliant fixed income funds.
Malaysia’s Maybank Asset Management has entered into a pact with Hong Kong-based Bosera Asset Management to jointly develop funds investing in Shariah-compliant equities within ASEAN and Greater China.
Malaysia’s Malayan Banking Berhad has launched an Islamic asset management company offering Islamic Asian-focused investment capabilities to global investors.
Part of the Mark Allen Group.