Nomura Asset Management Malaysia has launched its first shariah-compliant sustainable fund.
The Nomura Global Shariah Sustainable Equity Fund has a target of RM50 million (US$11.13 million) over the next two years.
According to Nomura managing director and country head Leslie Yap, the fund will cater to the growing investor demand for impact investing.
"We have seen an interest from investors for Shariah funds. Therefore, we decided to launch this fund,” said Yap at the fund launch.
The launch follows the debut of the inaugural Nomura Global Sustainable Equity Fund in July 2021 and is in line with the firm’s strategy to offer responsible investing options to local investors.
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