Pacific Mutual will offer investors full range of new parent’s existing local and offshore funds

Gan: ‘Investors can expect to gain access to offshore funds that will stem from Lion Global’s fund range.’

PETALING JAYA: Pacific Mutual Fund Bhd, which targets to grow its total fund size to about RM2.3bil next year, is positioning for a stronger foothold in the fund management industry under its new parent, Singapore-based Lion Global Investors Ltd, after the disposal of the company's assets by former substantial shareholder PacificMas Bhd.

The move would pave the way for Pacific Mutual to offer investors a full range of its existing local and offshore funds as well as to tap into Lion Global's extensive offshore fund strategies.