BIMB Investment targets RM150m for ESG fund


RAM Ratings said in line with the downward bias in global interest rates and the subsequent search for yields, domestic bond yields also retreated across the entire maturity spectrum and rating bands in June.

KUALA LUMPUR: BIMB Investment Management Bhd (BIMB Investment) targets to reach a RM150 million fund size within a year for its newly launched BIMB ESG Sukuk Fund, the world's first environmental, social and governance (ESG) sukuk fund.

Chief Executive Officer Najmuddin Mohd Lutfi said the fund was the first to offer subscriptions in ringgit, US dollar and Singapore dollar.

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