Maybank Asset Management sees AUM expanding US$50m in next 2 years
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Maybank Asset Management Group (MAMG) expects its assets under management (AUM) to increase between US$30 million (RM126 million) to US$50 million (RM209 million) in the next two years, following its collaboration with Schroder Investment Management (Singapore) Ltd to co-develop investment solutions for sophisticated investors.
As of end September 2018, MAMG’s AUM stood at RM33.7 billion.
MAMG and Schroders Singapore announced their first long-term strategic partnership with the launch of two discretionary portfolios, namely Global High Dividend Equity Portfolio and Global High Conviction Portfolio.
These solutions will be managed by Maybank Asset Management (MAM) Malaysia, a unit of MAMG, with Schroders Singapore as the investment adviser.
“This is a very targeted high net worth segment so we are leveraging on Maybank private banking customers,” MAMG CEO Badrul Hisyam said.
“The (market) sentiment right now is quite weak generally, unless the sentiment improves, then we would see better response to this kind of product,” Badrul added, revealing that at least three more products would be available under this collaboration in financial year 2019.
“By integrating our strength in local wealth management with their global investment capabilities, the resulting synergy will allow us to deepen our foothold in the Malaysian wealth market, through dedicated offerings designed to achieve investors’ desired outcomes.
“We recognise the growing demand for sophisticated, outcome-oriented global investment solutions, particularly among the high net worth community. We are therefore committed to delivering a range of global investment strategies to cater to their evolving financial needs,” he noted.
Meanwhile, Schroders Singapore country head Susan Soh said as part of the continuing partnership, both companies would undertake further collaboration projects to co-develop solutions across other asset classes, including Shariah-compliant investment and private assets.
“We believe our ability to combine the key tenets of asset management and wealth management offers differentiated value proposition to MAM Malaysia’s clients,“ Soh said.
According to Badrul, the Shariah-compliant investment is expected to be available to the market by third quarter of 2019.
Questions & Answers
Q.What is the expected increase in Maybank Asset Management's AUM over the next two years?
What is the expected increase in Maybank Asset Management's AUM over the next two years?
Maybank Asset Management Group anticipates its assets under management will grow by US$30 million to US$50 million within the next two years. This growth is linked to a new collaboration with Schroders Singapore.
Q.What is the primary target market for these new investment solutions?
What is the primary target market for these new investment solutions?
The new investment solutions are specifically aimed at the high net worth segment. Maybank Asset Management is using its existing Maybank private banking customer base for this targeted approach.
Q.Which entity is responsible for managing the newly launched discretionary portfolios?
Which entity is responsible for managing the newly launched discretionary portfolios?
Maybank Asset Management (MAM) Malaysia, a unit of MAMG, will manage the new Global High Dividend Equity Portfolio and Global High Conviction Portfolio. Schroders Singapore will act as the investment adviser.
Q.When is the Shariah-compliant investment solution expected to be introduced?
When is the Shariah-compliant investment solution expected to be introduced?
The Shariah-compliant investment solution, part of the collaboration with Schroders Singapore, is projected to become available to the market by the third quarter of 2019.
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