Maybank Launches Global Sustainable Shariah-Compliant Equity Fund

Maybank Asset Management (Maybank AM), Malayan Banking (Maybank)’s fund management arm based in Malaysia, recently launched Maybank Global Sustainable Equity-I Fund (MGSEIF), a global Shariah-compliant equity fund that adopts environmental, social and governance (ESG) factors to boost long-term returns.  

According to a statement released to local media, MGSEIF will cater to a diverse portfolio that follows Shariah principles and sustainable investing principles, with a minimum investment of 80% in Shariah-compliant equities and Shariah-compliant related securities, as well as up to 20% in Islamic liquid assets. 

The fund, which comes under the advisement of Schroders Investmen...