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UOBAM Malaysia launches first Shariah-compliant global balanced fund


UOB Asset Management (Malaysia) Bhd CEO Lim Suet Ling:  "the fund’s objective is to reduce investment volatility through Shariah screening which filters out non-Shariah sectors such as gambling, weapons and tobacco companies as well as those companies that are overleveraged or have unproductive cash piles. "

UOB Asset Management (Malaysia) Bhd CEO Lim Suet Ling: "the fund’s objective is to reduce investment volatility through Shariah screening which filters out non-Shariah sectors such as gambling, weapons and tobacco companies as well as those companies that are overleveraged or have unproductive cash piles. "

KUALA LUMPUR: UOB Asset Management (Malaysia) Bhd (UOBAM (Malaysia)) had on Wednesday launched the United-i Global Balanced Fund, its first Shariah-compliant global balanced fund. 

The fund seeks to help Malaysian investors achieve stable income with lower volatility by investing in a diversified, global portfolio of Shariah-compliant asset classes. 

Corporate News , Investment

   

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