RHB Asset eyes RM400mil with launch of two new funds
KUALA LUMPUR: RHB Group Asset Management (RHBGAM) has announced a collaborative partnership with Chinese fund management company China Asset Management (ChinaAMC) and Allianz Global Investors (AllianzGI) to launch Malaysia’s first syariah-compliant China fund, RHB Shariah China Focus and RHB Global Artificial Intelligence fund.
“With AllianzGi and ChinaAMC, we hope these two funds will raise approximately RM400mil between now and the next 12 to 18 months’ time,” said RHB managing director and regional head of group asset management Eliza Ong Yin Suen during a press conference.
These funds are the first in the region and targeted towards investors who are looking towards building their portfolio in China’s emerging marketplace and investing in companies that stand to benefit from the deployment of Artificial Intelligence (AI) adoption in key vertical business processes.
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