PMB Investment confident of achieving RM2b assets under management by end-2020 | Malay Mail

Wednesday, 15 Jul 2020 07:33 PM MYT

“We saw a significant increase in our AUM of about 15 per cent over the past few months following the high liquidity in the market due to the low interest regime. But redemption was also high for the past two months as our funds provided good returns. Najmi said PMB Investment was also looking into an exchange-traded fund to be listed in the US by the first quarter of next year.

Meanwhile, PMB Investment chief investment officer Isnami Ahmad Mohtar said the group currently managed 16 shariah funds with investments in three major asset classes — equity, sukuk and money market. “The other 11 funds also performed well above market rate, with returns of between three and eight per cent,” he said.

“We expect the market to record a better performance in the fourth quarter, after consolidating in the third quarter. We also expect investors to accumulate in the fourth quarter in the hope that the market will perform better in 2021,” he said.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Saudi bourse says derivative product to boost investment profile ahead of IPO | Malay MailRIYADH, July 15 ― Saudi Arabia's bourse is committed to listing on the stock exchange and the launch of its first exchange-traded derivatives product will enhance its profile with foreign investors ahead of its flotation, its chief executive said. Tadawul, which hired HSBC in 2016 to manage its...
Source: malaymail - 🏆 1. / 86 Read more »