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.
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