RHB Asset Management to raise RM100mil via new fund

KUALA LUMPUR: RHB Asset Management Sdn Bhd aims to raise RM100mil over the next six months with its RHB Islamic Global Developed Markets Fund, which gives investors long-term capital growth.

Said to be Malaysia’s first Islamic Retail fund, managing director/regional head of RHB Asset Management Eliza Ong said RHB Bank has been given sole rights to distribute the funds for six months, after which it would be open to other financial institutions.