Maybank AM Plans to Raise MYR 200 Million for Its First Shariah-Compliant Mixed Assets Fund

Maybank Asset Management (Maybank AM) in Malaysia, is aiming to raise MYR 200 million for its first Shariah-compliant mixed assets fund, Maybank Asia Mixed Assets-I Fund (the Fund). The Fund combines its latest quant investing technology with the expertise of the group’s fund managers.

Why it Matters?

Speaking at the virtual launch of the Fund on the 16th of August 2021, Ahmed Muzni Mohamed, Chief Executive Officer at Maybank Islamic Asset Management, highlighted that the technology would facilitate investor-access in Asian markets, allowing for optimal portfolio diversification with better returns. Quantitative investing emphasises mathematical and statistical analyses over human emotions in determining the value of a stock, bond or other asse...