Study reveals lack of understanding of Shariah
Less than half of Malaysian unit trust investors currently own Shariah funds while nearly two thirds say they are not confident about their understanding of Shariah-based investments.
Malaysia
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Malaysia to open asset management industry
Malaysia has announced a raft of measures to strengthen its capital markets, including steps to facilitate the entrance of foreign firms to the local asset management industry.
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eastspring launches a bond fund in malaysia
Eastspring Investments Malaysia has launched a three-year close-ended income fund that aims to capture the best yield opportunities in multiple fixed income assets.
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rhb asset management launches Islamic fund
Malaysia’s RHB Asset Management has launched an Islamic balanced fund that will invest in Shariah-compliant equities and fixed income securities in the Asia Pacific region.
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malaysias aminvest unveils feeder into
AmInvest has opened a feeder fund which will allow Malaysian high net worth investors to access BlackRocks Global Multi-Asset Income Fund.
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Amundi buys KAF funds fixed income business
Amundi has acquired the fixed income business of Malaysia-based KAF Fund Management.
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Lack of product range innovation stymies Islamic funds
Even as growing numbers of multinational asset managers move to set up shop in Malaysia as they prepare to tap into the demand for Islamic fund management, an informal poll of market participants suggests that the industry’s growth is being stymied by a lack of product innovation and range.
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hwang investment unveils malaysias maiden
Malaysias Hwang Investment Management has launched a new fund that will tap the opportunities in the Japanese market.
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threadneedle enters malaysia with Islamic funds
Eyeing the growing opportunities in the Islamic investment space, Threadneedle Investments today announced its foray in the Malaysian market with plans to offer Shariah-compliant products.
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founder of arab malaysian banking group shot
The founder of a major Kuala Lumpur-based bank was shot dead in the parking lot of a temple in that city on Monday, and his wife was injured, in what is being seen as a probable contract killing.
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labuan fsa revokes ec trust labuan licence
The Labuan Financial Services Authority has revoked the trust company licence of EC Trust (Labuan) Bhd, effective today, according to a statement on the Labuan FSA’s website.
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southern malaysian state to impose
A government official in the southern Malaysian state of Johor has said higher tax rates may be imposed on some 130,000 foreigners who own property there, the Malaysian Star reported yesterday.