MALAYSIA: The Private Retirement Scheme (PRS), a voluntary retirement saving scheme structured by private sector fund managers, expects to launch 24 funds by mid-November; some of which will be Shariah compliant. The funds are currently pending approval from Securities Commission Malaysia.
The approved providers are AmInvestment Management (AmInvest), American International Assurance (AIA Group), CIMB-Principal Asset Management, Hwang Investment Management, ING Funds, Manulife Unit Trust, Public Mutual and RHB Investment Management.