TheStar
KUALA LUMPUR: ING Funds Bhd is confident its tie-up with Perpetual Trustees Bhd to offer trust services will add RM50mil to its assets under management within the next six months.
Currently, the firm's assets under management stand at RM2.5bil.
Chief executive officer Steve Ong said the setting up of investment trusts with Perpetual Trustees provided investors with a one-stop wealth management solution for asset accumulation, protection and distribution.
“Having your money managed independently through a trust structure provides peace of mind to investors who can designate specific investment trusts to meet their personal and family financial obligations,” he said.
Ong said this at an agreement signing yesterday between ING Funds and Perpetual Trustees to formalise their alliance in offering ING Funds Investment Trusts.
He added that the launch of the service was “timely”, given that investors had become more sophisticated and “demanding”.
Perpetual Trustees general manager Sheela Vasuthevan said under the new offering, an investor could choose to create an educational investment trust plan, an inheritance retirement investment trust plan or a lifestyle investment trust plan.
“By doing so, the investor specifically invests for a particular purpose and the investment is protected and governed by a trust deed. This trust will then be administered by the trustee,” she said.
Perpetual Trustees is an associate company of ING Management Holdings Sdn Bhd, the holding company of ING Insurance Bhd and ING Funds.
Sheela said the tie-up was the first for Perpetual Trustees. “We will consider future tie-ups with other fund management firms, depending on the demand and response for this product,” she said.
ING Funds Investment Trusts is open to new and existing ING Funds investors, Ong said.
At least two new products were in the pipeline, he said, adding: “Capital-protected products are in demand now.”
Meanwhile, Ong said there were still investment opportunities in the current market.
“You are not buying the whole market. High-dividend stocks, especially those which have been sold down, remain attractive,” he added.
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