Reliance Asset Management Malaysia is investment manager of Shariah Growth Fund
May 28th, 2011 - 7:24 pm ICT by IANSNew Delhi, May 28 (IANS) Malaysia based Reliance Asset Management (RAMMy), part of the Reliance Anil Dhirubhai Ambani Group, Saturday said it has been appointed investment manager of the Reliance China-India Shariah growth fund.
The fund, which is in its launch period, is based in Mauritius and invests in Shariah-compliant equities in China and India.
In managing the Fund, RAMMy has appointed Reliance Wealth Management and Hong Kong-based China Asset Management (HK) as sub advisors, the company said in a statement.
Reliance Asset Management is a subsidiary of Reliance Capital Asset Management, India’s largest asset management company.
“This fund offers a unique opportunity to investors in Middle East. It brings together the largest asset management companies in China and India to provide Shariah-compliant investors access to two of the world’s most exciting growth markets,” said Ian Lancaster, chief executive of Reliance Asset Management Malaysia Bhd, Sdn.
“It is estimated that by 2050 China and India combined will account for 35 percent of Global GDP. Clearly there are going to be many attractive investment opportunities available to equity investors with a significant on-the-ground presence in these markets, such as Reliance and China Asset Management Company,” added Lancaster.
The Reliance China-India Shariah Growth Fund is the third of a series of innovative value added products that RAMMy manages in order to provide world-class investment options to Shariah-compliant investors.
In the last 12 months, RAMMy has been appointed investment manager of the WSF Reliance Global Shariah Growth Fund and the Reliance India Shariah Growth Fund.
- Ian Lancaster joins as CEO of Reliance Capital in Malaysia - Jan 25, 2010
- Reliance launches 'Any Time Money' card - Dec 14, 2011
- Reliance Capital appoints Madhusudan Kela Chief Investment strategist - Aug 27, 2010
- Reliance Life gets central bank nod for stake sale to Nippon - Sep 30, 2011
- Reliance Mutual Fund launches small cap fund - Aug 25, 2010
- Reliance Capital pact with Nippon in areas beyond insurance - Sep 01, 2011
- Reliance Mutual looking for foreign partners to go global - Oct 02, 2011
- Reliance Mutual Fund launches gold savings fund - Feb 09, 2011
- $42 bn UN pension fund scouts for investment opportunities in India (Lead) - Feb 15, 2011
- UN pension fund proposes higher investment in India - Feb 15, 2011
- Saudi auto finance firm selects Nucleus Software product - Sep 13, 2011
- Indian retail investors lost $15-bn opportunity: Fund manager - Oct 28, 2010
- Reliance Life concludes 26 percent stake sale to Nippon for $680mn - Oct 09, 2011
- Relax investment norms for private equity funds: CII - Aug 21, 2011
- India, smaller Asian economies to lead growth - Feb 15, 2011
Tags: asset management companies, asset management company, asset management malaysia, attractive investment opportunities, capital asset management, class investment, dhirubhai ambani, equity investors, global gdp, ground presence, growth markets, investment manager, investment options, launch, management india, reliance anil dhirubhai ambani group, reliance capital, reliance india, value added products, wsf