RHBAM unveils ESG-focused fund, targets AUM of RM100mil

RHB Asset Management chief executive officer Eliza Ong (pic) said this latest addition in its line-up of sustainability and ESG related funds underlines its efforts to continuously play an active role in driving sustainable investing practices.

KUALA LUMPUR: RHB Asset Management Bhd (RHBAM) launched the RHB Sustainable Global Thematic Fund and it expects to achieve asset under management (AUM) of RM100mil within the first six months.

RHBAM said this was the first conventional fund in the market which enables investors to participate in long-term sustainability-focused investment themes.