Latest offering: (from left) AmInvest chief investment officer, fixed income, Goh Wee Peng, CEO Datin Maznah Mahbob and director of retail funds Ng Chze How at a briefing after the launch of the company’s new fund, AmIncome Flexi 3.

AmInvestment Services Bhd (AmInvest), the fund management arm of AMMB Holdings Bhd, is targeting to grow its assets under management (AUM) by some 20% to RM40bil by the end of its financial year to March 31, 2014, from RM33.3bil now, said chief executive officer Datin Maznah Mahbob(centre in pic).

Investments

EPF invests more abroad, investment assets exceed half-a-trillion ringgit

The Employees Provident Fund has invested US$1.3bil (RM3.91bil) more overseas in global real estate, bonds and equities for the first quarter ended March 31 as part of its diversification strategy to expand its investments abroad. “The fund’s investment assets now exceeds half-a-trillion ringgit and continues to grow at an average rate of 8% to 9% yearly," says EPF's CEO executive officer Datuk Shahril Ridza Ridzuan(pic)