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.
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.
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