Malaysia’s Maybank Asset Management has completed its acquisition of Permodalan Nasional Berhad’s (PNB) Malaysia and Singapore fund businesses, according to a statement from the firm.

Malaysia’s Maybank Asset Management has completed its acquisition of Permodalan Nasional Berhad’s (PNB) Malaysia and Singapore fund businesses, according to a statement from the firm.
Malaysian equity funds appear set to end the year with weak returns against a backdrop of low commodity prices and souring investor sentiment.
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