Affin to boost AUM with 3 new funds

Affin Fund hopes to surpass RM3 billion in assets under management by year-end.

Growth will be driven largely by three new funds.

Chief Executive Officer Datuk Mohamad Ayob Abu Hassan said as at Dec 31, 2012, its AUM stood at RM1.93 billion.

He said the three new funds -- 2-iWholesale fund, 3-iWholesale Fund and the 4-iWholesale Fund -- would create an additional RM1.5 billion to the current AUM.

"We are certainly confident in propelling further ahead, scaling new heights and reaching the RM3 billion mark," Hassan said.

He noted that having commenced operations with initial three unit trust funds and AUM of RM267.4 million, Affin Fund currently offered 13 unit trust funds which included, among others, equities, fixed income, money market and wholesale funds with AUM of RM1.93 billion.

For more.

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