Manulife Launches Shariah-Compliant Fund for Retirement Savers in Malaysia, Penetrating China and India Markets

Manulife Investment Management (M) Berhad (Manulife IM) announced the launch of a non-core fund for Private Retirement Scheme (PRS) investors, Manulife Shariah PRS-Golden Asia Fund, to focus on investments in a portfolio of Islamic collective investment schemes (CIS).

Why it Matters?

The fund hopes to provide retirement savers in Malaysia increased options for growing their retirement assets based on their risk appetite, personal preference and goals, while meeting their Shariah preferences, according to Manulife IM’s Chief Executive Officer (CEO), Jason Chong. Through the fund, capital appreciation is to be provided through exposure to China and India markets, where the two economies are powered by domestic growth, government support and local co...