Maybank launches Singapore's first Shariah-compliant balanced fund

MAMS CEO Goh Keat Jin

MAMS CEO Goh Keat Jin

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SINGAPORE (Oct 14): Maybank Asset Management Singapore (MAMS) has launched Singapore’s first Shariah-compliant balanced fund.

The Maybank Asian Growth and Income – Islamic Fund offers investors a mix of securities across Shariah-compliant Asian stocks, global sukuks, as well as gold ETFs. The fund targets to achieve a potential monthly dividend payout of 5% per annum and an annual return of 6% to 7%. 

MAMS CEO Goh Keat Jin says the launch of the fund is an extension of Maybank’s efforts to...(click on link for full story on