Affin Fund targets 50% asset growth this year
The Malaysian firm is pitching for more institutional mandates and hopes to benefit from money contributed to the state-run Employees Provident Fund being shifted into unit trusts.
Affin Fund Management may be a relatively small asset manager, but it has substantial ambitions for growth. The Kuala Lumpur-based firm, a subsidiary of Affin Investment Bank, aims to hit RM1 billion ($300 million) in assets under management this year, up from the current level of RM700 million.
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