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.
![Maybank AM completes PNB acquisition](https://s34456.pcdn.co/wp-content/uploads/2018/05/GettyImages-826288806-1-640x360.jpg.optimal.jpg)
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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