Showing posts with label RHB. Show all posts
Showing posts with label RHB. Show all posts

Thursday, November 6, 2008

4 sen interim distribution for RHB fund

TheEdge

KUALA LUMPUR: RHB Investment Management Sdn Bhd (RHBIM) has declared a gross interim income distribution of four sen per unit for the RHB Income Fund for the financial year ending April 30, 2009.

In a statement yesterday, RHBIM said the annualised distribution yield based on the average net asset value per unit from May 1, 2008 to Sept 30, 2008 was 4.5809%.

It will be re-invested into additional units next Tuesday or alternatively, unitholders who choose to receive the distribution in cash will be paid on Nov 18.

RHBIM said this was the second income distribution for the RHB Income Fund for 2008. The previous distribution of 3.75 sen per unit was declared on June 20.


Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.

Monday, October 6, 2008

RHB Bank to step up wealth management ops

TheEdge

KUALA LUMPUR: RHB Bank Bhd aims to step up its wealth management business by the financial year ending Dec 31, 2008, as customers look to protect and grow their money in the uncertain financial environment.

The bank’s head of retail, Renzo Viegas, said: “We are building the infrastructure and should be ready to do something quite actively by year-end.

“We’re also in the process of hiring a team, defining who our ‘infinity customers’ — high net worth individuals — will be, conducting risk profiling and assessing investment appetite.”

The bank, part of RHB Capital Bhd’s banking group, aimed to grow its existing wealth management business to between four and five times its current size, Viegas told The Edge Financial Daily.

He said in the current climate of unattractive investment returns, customers wanted to protect their money, while still looking for upside.

“I think the wealth management business will drive growth in our financial year ending Dec 31, 2009 (FY09),” he said.

Meanwhile, Viegas said with the softening economy, RHB Bank’s retail operations, which included consumer banking, small and medium-sized enterprise banking, insurance, and finance, would focus on taking market share, expecting to increase the market share of most of its products by between one and two percentage points in FY09.

The bank currently had between 6.5% and 8% market share for most of its products, he added.

He said for example, the bank’s market share of credit cards was under 7%, mortgages in the high 6%, its SME trade business 13%.

Viegas added in the first eight months of FY08, the bank had doubled the volume of home loans it approved and accepted by customers to RM3.3 billion and RM2.6 billion, respectively, against RM1.6 billion and RM1.2 billion in the same period last year.

Meanwhile, RHB Bank’s credit card loans growth was expected to remain at between 15% and 16%, he said.

He said while customers were looking to manage their cash flow and reduce debt burdens due to the current economic environment, the bank had yet to see customers’ repayment of loans negatively affected.

The bank was, however, monitoring this situation closely and expected repayment patterns to depend on the country’s fourth quarter 2008 and first quarter 2009 economic statistics.

Consumer and commercial deposits, meanwhile, were expected to grow by up to 4% and 10%, respectively, totalling RM1.6 billion, this year, he said.

Going forward, Viegas expected the bank’s growth to continue to be driven by its product offerings, and its bancassurance business, while also seeking growth through alternate banking channels.

RHB Bank was expected to enter into strategic tie-ups with two or three banking and non-banking parties by year-end in an effort to step up sales, he said.

On possible mergers and acquisitions, he said the RHB banking group would perform them at the right price, and was on the lookout for targets internationally, particularly in Asean. It currently has operations in Singapore, Thailand and Brunei.

Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.

Thursday, September 4, 2008

RHB Investment declares two sen per unit distribution

TheStar

KUALA LUMPUR: RHB Investment Management Sdn Bhd has declared a gross distribution of two sen per unit for the RHB Asian Total Return Fund for the financial period ended July 31.

This is the second income distribution declared for the fund since its inception in February 2007. The first distribution of 1.535 sen was declared at the end of March.

Managing director of RHBIM Sharifatul Hanizah Said Ali said the company was pleased to be able to declare distribution twice this year and hoped to retain the trend every year.

Unit holders of the fund, as of Aug 25, would be entitled for the distribution, she said in a statement yesterday.

The RHB Asian Total Return Fund aims to provide investors with income return primarily through investment in a portfolio of bonds and other fixed and floating rate securities issued by governments, government agencies, supra-national and corporate issuers in Asia excluding Japan.

RHBIM is a wholly owned subsidiary of RHB Investment Bank, under the RHB Banking Group, and currently has 27 funds. — Bernama WB

Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.

Wednesday, June 25, 2008

RHB Investment to launch four more funds by 3Q08

TheEdge

KUALA LUMPUR: RHB Investment Management Sdn Bhd, which is a unit of RHB Banking Bhd, expects to launch four more funds by the third quarter of this year.

Its managing director Sharifatul Hanizah Said Ali said RHB hoped to offer investors opportunities in capital preservation in the midst of global economic volatility.

RHB Investment launched yesterday a multi-asset savings vehicle, the RHB Savings Builder Fund (RHB-SBF), which would invest 100% in a portfolio of investment schemes comprising various asset classes, including equities, global bonds and property.

At present, RHB Investment manages 25 unit trust funds that are worth almost RM4 billion.

“By investing in a multi-asset portfolio of funds, we can provide investors with diversification opportunities. This will put them in a better position in terms of risk management,” Sharifatul said at a media briefing yesterday.

RHB Investment expected double-digit growth from the open-ended fund, which would be enlarged once all 300 million units of 50 sen each were sold out, she said.

“Good returns are our ultimate aim, but we don’t want to compromise our risk management as well,” said Sharifatul.

RHBSBF would be jointly managed by RHB Investment and Schroder Investment Management (Singapore) Ltd. The former would manage the safe portfolio that would invest in money market funds, while the latter would manage the growth portfolio that would invest in all other fund categories.

The fund, which is targeted at individual investors with a minimum investment of RM1,000 would be distributed exclusively by OCBC Bank (Malaysia) Bhd.


Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.

Thursday, May 8, 2008

RHB Investment Management targets 5 new funds

TheEdge

KUALA LUMPUR: RHB Investment Management Sdn Bhd (RHBIM) aims to launch five new funds by year-end as part of its plans to grow its asset management business, its managing director Sharifatul Hanizah Said Ali said.

She said the firm would be keen to launch a mix of funds, targeted at both corporate and retail investors. Through its new product offerings, Sharifatul said it would be looking at “a very encouraging rate of growth”.

“We would also like to increase our offshore investments in the future,” she said after the launch of its RHB Commodities Capital Protected Fund here yesterday.

The commodity fund, managed by RHBIM, is its first following the merger between RHB Asset Management Sdn Bhd and RHB Unit Trust Bhd.

Through the commodity fund, RHB would be investing at least 85% of the capital raised during the initial offer period (IOP) in zero-coupon negotiable instruments of deposit (ZNIDs).
The ZNIDs would provide capital protection if held to maturity.

The remainder of the capital raised would be invested in an over-the-counter option linked to the performance of futures contracts of four commodities, namely soybean, wheat, aluminium and copper.

“Given that the markets have been volatile of late, we want to offer investors an opportunity to participate in the commodities outlook, which will be bullish at least for the next 12 to 16 months.

The one way to do this is via capital protection,” said Sharifatul Sharifatul said the initial size of the commodity fund had been fixed at 150 million units of RM1 each, with a minimum investment of RM5,000. As the fund was a closed-ended fund, the units would be very limited, she said.

Sale of the units began April 30, with a 30-day IOP which would end on May 29. “We can certainly enlarge the fund size if response during the IOP is very encouraging,” Sharifatul said.

With the launch of the commodities fund, RHBIM, a wholly owned subsidiary of RHB Banking Group, would have 24 different unit trust funds with close to RM4 billion in total investment assets under management.

Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.

Thursday, April 3, 2008

Distribution for RHB Mudharabah Fund, Global Fortune Fund

TheEdge

KUALA LUMPUR: RHB Investment Management Sdn Bhd (RHBIM) has declared a gross distribution of 8.3 sen per unit (or 9.97% yield) for its RHB Mudharabah Fund and 1.55 sen per unit (or 3.87% yield) for its Global Fortune Fund for the financial period ended Feb 29, 2008.

In a statement yesterday, RHBIM managing director Sharifatul Hanizah Said Ali said the income distribution for RHB Mudharabah Fund was the highest since its inception in May 1996, while the yields for both funds were also the highest since their launch.

She said the figures were reflective of a steady performance by the funds despite current difficult and volatile market conditions.

“Moving forward from the merging of RHB Asset Management and RHB Unit Trust into RHB Investment Management on Jan 1, 2008, we are now able to offer our customers an even more integrated and wholesome investment approach.

“We are currently working on several initiatives which are expected to be rolled out from the second quarter onwards this year,” Sharifatul said.

Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.

Friday, January 4, 2008

RHB Group merges asset management and unit trust businesses

TheEdge

KUALA LUMPUR: RHB Banking Group merged its asset management and unit trust businesses to offer a more integrated investment approach, through one of its subsidiaries, RHB Investment Management Sdn Bhd (RHBIM).

RHBIM, a wholly owned subsidiary of RHB Investment Bank, commenced operations on Jan 1 and will be managing funds in excess of RM4 billion and 23 unit trust funds.

“With the completion of our initiative to combine both asset management and unit trust businesses, we will now be able to offer our customers an even more integrated investment approach,” RHB Investment Bank Bhd’s managing director Chay Wai Leong said in a statement.

“It is our vision and aspiration to be our customer’s choice partner for growth while attaining a leading market position through the expansion of our range of products and services,” Chay said.

Prior to the integration, RHB Banking Group offered its asset management and unit trust products and services through RHB Asset Management Sdn Bhd and RHB Unit Trust Management Bhd respectively.

RHBIM will be helmed by Sharifatul Hanizah Said Ali as chief executive officer. She joined RHB Banking Group on Dec 1, 2006 as RHB Asset Management’s chief executive officer.

Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.

Wednesday, September 12, 2007

RHBUTM plans up to 5 fund launches next year

TheEdge

KUALA LUMPUR: RHB Unit Trust Management Bhd (RHBUTM) is planning to launch up to five funds next year to add to its current fund size under management of RM1.3 billion.

Its chief executive officer Michael Tan Lib Chau said it anticipated its fund size to grow to at least RM2 billion by the end of the first quarter.

"“RHBUTM expects to have up to five new funds in year 2008," he told reporters after a community programme event here yesterday.

At the event, RHBUTM donated RM600,000 from investors of two Islamic unit trust funds, RHB Islamic Growth and RHB Mudharabah Fund, comprising RM300,000 to needy students and the remaining RM300,000 to 41 charitable organisations and orphanages.

RHB Investment Bank Bhd chairman Datuk Abdullah Mat Noh and RHBUTM chairman Tan Sri Hanafiah Ahmad gave away the donations.

The donations represent the "cleansing" of gains made from investments by the Islamic funds to remove all profits that may have been derived from non-syariah based sources.

In his speech, Hanafiah said since 1999, RHB Mudharabah Fund had contributed about RM2.9 million to charitable organisations and orphanages, while RHB Islamic Growth Fund contributed RM240,000 to 60 needy students last year.

Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.

Friday, August 24, 2007

RM2bil fund size for RHB Unit Trust

TheStar

KUALA LUMPUR: RHB Unit Trust Management Bhd plans to unveil two or three more funds to achieve its target fund size of RM2bil by year-end.

Including the Global Multi Manager Fund (GMMF), the company now managed 22 funds with a total fund size of RM1.35bil, chief executive officer Michael Tan said.

GMMF is the first unit trust fund in Malaysia with a multi-manager approach, and would have at least 95% of its net asset value invested in a minimum of five collective investment schemes.

Speaking at the launch of the fund yesterday, Tan said this unique investment approach provided investors access to the expertise of top-notch fund managers with different investment styles.

“With GMMF, investors will not only enjoy international exposure and diversification, but also the added advantage of manager diversification through world class investment managers at no additional cost,” Tan said, adding that the fund's strategy would be to invest in at least five international and domestic funds.

The underlying international funds will be chosen from among the stable funds managed by Russell Investment Group, a leading asset consultant that advises over 450 clients on US$2tril worth of assets globally.

Tan said the asset allocation of the fund would be 80% in equities and fixed income globally and 20% in Malaysia.

“GMMF would be suitable for investors with moderate risk profile who are looking at investing in a globally well diversified portfolio,” he added.

Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator .