<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 28): RHB Asset Management Sdn Bhd aims to grow its assets under management (AUM) to RM58 billion by year-end. Malaysia is expected to be the largest contributor to RHB Asset's growth.</p></div>

<div class=newsTextDataWrapInner><p>RHB Asset chief executive officer Ho Seng Yee said the group grew its AUM to RM48.56 billion last year.</p></div>

<div class=newsTextDataWrapInner><p>"It is a fair target for this year and it is achievable looking at the plans we have," he said at a press conference after the launch of the RHB-OSK Global Equity Stabiliser Fund.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"We are launching 16 funds in Malaysia and 25 funds regionally," Ho said.</p></div>

<div class=newsTextDataWrapInner><p>He said as RHB Asset had built a strong repertoire in Malaysia, the group expected the local equity market to significantly contribute to its coffers despite the volatility seen this year.</p></div>

<div class=newsTextDataWrapInner><p>According to Ho, RHB Asset would leverage RHB group's established presence, reputation, and network, besides growing business opportunities and good performance of its existing funds.</p></div>

<div class=newsTextDataWrapInner><p>According to RHB's website, RHB Asset was established following the merger of RHB Asset and OSK-UOB Investment Management Bhd in December 2013.</p></div>

<div class=newsTextDataWrapInner><p>The merged entity constitutes Malaysia’s third-largest retail and institutional fund management firm.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (Jan 28): RHB Asset Management Sdn Bhd aims to grow its assets under management (AUM) to RM58 billion by year-end. Malaysia is expected to be the largest contributor to RHB Asset's growth.

RHB Asset chief executive officer Ho Seng Yee said the group grew its AUM to RM48.56 ...

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<p>Attention this week will be on the March inflation rate, with the <strong>Department of Statistics Malaysia</strong> (DOSM) slated to put out <strong>Consumer Price Index</strong> (CPI) — the key gauge for inflation — data on Thursday.</p>

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<p>The ringgit is likely to trade in the same range of around 4.78 against the US dollar next week, as the situation in the Middle East will continue to be under scrutiny by investors, said an analyst.</p>


<p>A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.</p>


<p>Persistent inflation and higher-for-longer interest rates were cited as key risks to financial stability in the Federal Reserve's (Fed) latest survey of US central bank contacts, with geopolitical troubles and the 2024 US presidential election also mentioned as "a potentially significant source of shocks".</p>


<p>Shareholders of the International Monetary Fund (IMF) agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday.</p>


<p>The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.</p>
