KUALA LUMPUR: Maybank Asset Management Group Bhd’s (MAMG) subsidiary, Maybank Asset Management Sdn Bhd, has launched the first-of-its-kind China Equity Fund which focuses beyond the 100 largest Chinese stocks.
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Friday, 07 May 2021 05:43 PM MYT
PUTRAJAYA, May 7 Maybank Asset Management Sdn Bhd (MAM) has launched its first shariah-compliant retail Islamic investment fund with Waqf feature, Maybank Mixed Assets-I Waqf Fund with an initial fund size target of RM50 million.
Chief executive officer Ahmad Najib Nazlan said the fund aimed to generate annual income using Waqf allocation with Yayasan Waqaf Malaysia (YWM) appointed as the Waqf recipient and asset administrator.
He said the fund provided an opportunity for investors to contribute part of their annual investment income for Waqf activities to help the underprivileged community in the areas of education, healthcare, environment and economic empowerment.
SINGAPORE, Feb 22 (Reuters): Most Asian bond yields flitted higher on Monday, tracking a spike in US 10-year Treasury yields on expectations that massive government stimulus would lead to higher economic growth and inflation.
Regional equities were largely weak, with the Philippines market slipping the most as a jump in Covid-19 casualties raised the possibility that partial lockdown measures in the capital of Manila could be extended.
Yields on the benchmark US 10-year Treasury notes rose to a one-year high, as falling infection rates, expectations of a stronger economic recovery and higher government borrowing in the United States dented their lustre.