PMB Investment’s to Realise MYR 2 Billion Assets-Under-Management Target by End 2020

Malaysia-based Islamic fund management firm, PMB Investment (PMBI) has announced its plans to launch two new unit trust funds to reach its goal of having MYR 2 billion in assets-under-management (AUM) by the end of 2020.

According to media reports, PMBI set this target in 2019, supported by strong growth in its retail as well as corporate segments.

Currently, PMBI’s AUM stands at MYR 1.4 billion, according to PMBI’s Chief Executive Officer, Najmi Mohamed. Najmi stated that the achievement of PMBI’s goal would be a milestone given that this was the first fund of its kind to be established in Malaysia. Whilst the framework has been submitted to the Securities Commis...