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RHB Islamic AM launches SRI Shariah compliant fund

RHB Islamic International Asset Management CEO Farid Kamarudin expected its RHB i-Global Sustainable Disruptors Fund to achieve RM100mil in asset under management within the first six months. KUALA LUMPUR: RHB Islamic International Asset Management Bhd (RHBIIAM) launched its RHB i-Global Sustainable Disruptors Fund and targets to have RM100mil in assets under management within the first six months. It said on Thursday the Shariah compliant equities fund is its first sustainable and responsible investment fund subjected to environmental, social and governance (ESG) criteria and methodology. The fund’s portfolio composition includes credible companies that seek opportunities in large addressable markets, enables new technology, and have potential for rapid adoption and scalability, amongst other criteria.

Vaccine is the key

TWO words sent global markets and economies on a roller coaster ride in 2020 and it is the similar two words that will set the tone in 2021. Covid-19 and vaccine will still be the main themes that shape 2021, dubbed the year of recovery as economies emerge from the pandemic beatdown. The vaccine is literally the shot in the arm that is needed now because it provides not only the immunity to Covid-19, it is also the master key to the reset button to fully reopen economies and borders. Various countries have gone through lockdowns and gradual easing of movement restrictions, only to reimplement lockdowns when cases spike or when there is a new outbreak.

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