In agreement: BNY Mellon Investment Management MD (head of Asia-Pacific ex-Japan) Doni Shamsuddin (left) and Badrul shaking hands after the launch of MAMG Asia Rising Stars Fund.
KUALA LUMPUR: Maybank Asset Management Group Bhd (MAMG) and Bank of New York (BNY) Mellon Investment Management have jointly launched feeder fund MAMG Asia Rising Stars Fund, with the aim to achieve an assets under management (AUM) of RM80mil to RM100mil within 12 months.
The feeder fund invests in target fund BNY Mellon Asia Rising Stars Fund, which in turn invests in Asian small cap companies that have a market capitalisation of below US$5bil and is listed on recognised exchanges in Asia, including Japan.
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