Friday, February 3, 2023
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ReportRHB Asset Management plans Islamic digital offerings through online platform

RHB Asset Management plans Islamic digital offerings through online platform

Malaysia’s RHB Asset Management (RHBAM) intends to onboard Islamic and ESG-themed funds to its RHBAM MyInvest digital platform.

The RHBAM MyInvest platform currently offer four conventional funds under the MyInvest Core Portfolio Series. It is targeting to attract RM100 million (US$22.18 million) in assets under management for the series within the next six months, Managing Director Eliza Ong said. Ong did not specify a timeline for introducing the Islamic and ESG funds.

The digital platform was first introduced in 2020 for Employees Provident Fund (EPF) members to invest; RHBAM, however, has transformed the app to become a digital investment platform, allowing users to manage their wealth. Through the platform, investors can monitor fund performance, view their asset allocations and e-statements, conduct portfolio simulations as well as set and track investment goals.

Further enhancements within the RHBAM MyInvest platform are scheduled to be introduced in stages to include even more features and funds designed to address the evolving demands of various investors, the asset manager confirmed.

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