Maybank Asset Management
Founded Year
2018About Maybank Asset Management
Maybank Asset Management operates as an investment management company. The Company manages equity, fixed income, and funds, as well as offers asset management, investment strategies, and consulting services. Maybank Asset Management serves corporations, institutions, and individuals in Asia. It was founded in 2018 and is based in Kuala Lumpur, Malaysia.
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Latest Maybank Asset Management News
Jul 1, 2024
PHBAM APPOINTED AS AHB FUND MANAGER; TO INCREASE FUND TO RM20 BLN BY 2030 01/07/2024 05:27 PM PHBAM chief executive officer Zulkifli Ishak - Credit: Pelaburan Hartanah Bhd KUALA LUMPUR, July 1 (Bernama) -- Pelaburan Hartanah Bhd’s (PHB) wholly-owned subsidiary, PHB Asset Management Bhd (PHBAM) has been appointed as the new manager of Amanah Hartanah Bumiputera (AHB) effective today, taking over from Maybank Asset Management Sdn Bhd. In a statement, PHBAM said it is set to increase AHB’s fund from RM5 billion to RM20 billion by 2030 by introducing a digital distribution strategy to provide greater and effortless access to underserved Bumiputera communities. AHB fund is a Shariah-compliant unit trust that invests primarily in the beneficial ownership of commercial properties in prime locations in Malaysia. "The company aims to enhance the value proposition of AHB fund by providing a holistic financial service under one product by integrating additional solutions, such as takaful, hibah, waqf, and legacy planning. "This initiative aims to offer AHB unitholders a more structured approach to wealth creation and distribution," it said. Additionally, all transactions for the AHB fund remain accessible at Maybank, AmBank, AmBank Islamic, and Bank Islam branches nationwide, as well as through Maybank’s mobile app, exclusively available for Maybank customers. PHBAM chief executive officer Zulkifli Ishak said with its fixed-price structure and zakat-deducted semi-annual profit distributions, AHB is ideal for investors pursuing financial planning, including education savings and as a vehicle for retirement funds. "AHB has grown from RM1 billion in 2010 to RM5 billion in 2023, benefiting over 80,000 unitholders in terms of wealth generation," he said. Meanwhile, PHB and AmanahRaya Trustees Bhd will continue to be the sponsor and trustee, respectively, for AHB fund. On April 22, PHBAM received a Capital Markets Services License from the Securities Commission Malaysia for fund management and dealing in securities for unit trusts. -- BERNAMA BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 IFLIX channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies. Follow us on social media : Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Maybank Asset Management Frequently Asked Questions (FAQ)
When was Maybank Asset Management founded?
Maybank Asset Management was founded in 2018.
Where is Maybank Asset Management's headquarters?
Maybank Asset Management's headquarters is located at Dataran Maybank, 1 Jalan Maarof, Kuala Lumpur.
Who are Maybank Asset Management's competitors?
Competitors of Maybank Asset Management include Merchantrade and 5 more.
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