Affin Bank to market PMB Investment’s six unit trust funds

PETALING JAYA: Affin Bank Bhd has signed a memorandum of understanding (MoU) with an Islamic fund management company PMB Investment Bhd to distribute, promote and market the latter’s six unit trust funds through its branches nationwide.

PMB Investment, a wholly owned unit of Pelaburan Mara Bhd Group manages 15 unit trust funds, two wholesale funds and several portfolio mandates with investments in equity and sukuk assets classes.

Through this partnership, Affin Bank will distribute, promote and market six unit trust funds from PMB Investment, namely PMB Shariah Aggressive Fund, PMB Shariah Growth Fund, PMB Shariah Small-Cap Fund, PMB Shariah Premier Fund, PMB Shariah Dividend Fund and PMB Shariah Cash Management Fund.

In a statement, Affin Islamic Bank Bhd CEO Nazlee Khalifah said the partnership provides the parties with a wider range of products for the customers and thus meet their investment needs in a growing financial market.

On the other hand, PMB Investment will be benefitted by Affin Bank Group’s 111 branches, including nine full-fledged branches of Affin Islamic nationwide.

“With the introduction of these funds, the existing and potential customers of Affin Bank Group, including Affin Islamic as a distribution channel for these products; shall benefit from a diverse range of products, encompassing a bigger investment universe, and at the same time aiming to maximise returns,” it added.

Source: TheSunDaily