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AmInvestment Bank to launch 12 equity funds
by hlk Tue 17 Apr 2012, 13:39
AmInvestment Bank Group is looking to launch 12 equity funds this year to achieve the target of increasing its assets under management (AUM) to over RM35 billion by year-end from RM26.9 billion in 2011.
Ng Chze How, director of retail funds (Fund Management), said: "From the 12 planned for this year, six have been launched, and these have brought our assets under management to RM32 billion."
AmInvestment launched nine equity funds last year.
The company aims to launch a mixture of equity products, from fixed-income funds and retail funds to shariah-compliant funds, Ng told a media briefing in Kuala Lumpur today.
"By the first quarter of this calendar year, we had touched RM32 billion in respect of the target. So, I think, increasing this by another RM3 billion by year-end should not be a problem.
"The major sectors that we are looking to tap are those which have benefited from the Economic Transformation Programme, such as transportation and oil and gas," Ng said. -- BERNAMA
Ng Chze How, director of retail funds (Fund Management), said: "From the 12 planned for this year, six have been launched, and these have brought our assets under management to RM32 billion."
AmInvestment launched nine equity funds last year.
The company aims to launch a mixture of equity products, from fixed-income funds and retail funds to shariah-compliant funds, Ng told a media briefing in Kuala Lumpur today.
"By the first quarter of this calendar year, we had touched RM32 billion in respect of the target. So, I think, increasing this by another RM3 billion by year-end should not be a problem.
"The major sectors that we are looking to tap are those which have benefited from the Economic Transformation Programme, such as transportation and oil and gas," Ng said. -- BERNAMA
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