Mara-owned fund manager to launch 2 new unit trusts

 

Zulfikri Osman of Pelaburan Mara Group said the first fund will focus on the Greater China region. (Mara pic)

KUALA LUMPUR: Two new unit trust funds are to be launched this year by PMB Investment Berhad, a Mara-owned Islamic fund management company.

Zulfikri Osman, an interim executive director of Pelaburan Mara Berhad, said the first fund, to be launched next month, will target the Greater China region.

The second, to be launched by November, would focus on environmental, social and governance shares.

“China was chosen because we have no funds targeted for that region yet, which we believe has a self-sustaining economy,” said PMB Investment chief executive Mahani Ibrahim.

PMB Investment currently manages 18 global shariah funds. The company is a subsidiary of Pelaburan Mara Bhd (formerly Amanah Saham Mara), an asset management company wholly-owned by Mara Corporation. - FMT