BIMB Investment Management Bhd, a wholly-owned subsidiary of Bank Islam Malaysia Bhd, hopes to achieve assets under management (AUM) of RM2.5 billion by year end.
BIMB Investment chief executive officer Najmuddin Mohd Lutfi told a press conference after the virtual launch of BIMB-ARABESQUE Global Shariah Sustainable Equity Fund (BGSEF) that the group is managing a total fund of about RM1.7 billion currently.
He said he hopes its newly launched fund BGSEF will achieve AUM of RM100 million in the next two years.
“We hope that the new fund will contribute about 10% (to the total fund) in the next 24 months,” he added.
He also said 65% of the group’s current AUM is in equity, adding that it hoped to achieve 70% of its AUM to be in equity in the next 34 months.
“Currently, we are managing the largest Syariah environmental, social, and corporate governance (ESG) assets of about RM1 billion. The new fund is also (investing) in ESG asset. Hopefully, it will contribute additional equity growth for us,” he added.
BIMB Investment today launched BGSEF, a global shariah ESG equity feeder fund that seeks to achieve capital appreciation over a medium to long term period for investors. The fund offers investors globally diversified exposure in up to 100 Shariah-ESG stocks at all times.
Source: The Edge Markets
0 comments:
Post a Comment