They will provide investors easier access to mutual and retail funds
Kuala Lumpur-based Affin Hwang Asset Management and Hong Leong Asset Management are the latest firms to introduce online investment platforms in Malaysia, in a move to provide investors easier access to mutual funds.
Affin Hwang AM this month rolled out its mobile application “Allocate Plus”, which enables users to subscribe and redeem the firm’s unit trust funds and private retirement scheme funds.
The platform includes retail funds that invest in both onshore and offshore markets, according to Chong Lee Choo, director of innovation lab at Affin Hwang AM.