Manulife launches Shariah fund to capture growth opportunity in China, India

Manulife Investment Management (M) Bhd has launched its new Manulife Shariah PRS-Golden Asia Fund, a non-core fund targetting Private Retirement Scheme (PRS) investors, which will invest in a portfolio of Islamic collective investment schemes (CIS).

Manulife stated the scheme aims to provide capital appreciation through exposure to China and India markets as the fund will invest a minimum of 95% of its net asset value (NAV) in a portfolio of Islamic CIS.

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