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Hong Leong Asset Management's First Shariah-Compliant ESG Fund Makes Its Debut

Hong Leong Asset Management Bhd (HLAM) has officially launched the Hong Leong Global Shariah ESG Fund, its first Shariah-compliant environmental, social and governance (ESG) fund. Catered to investors with medium to long-term capital growth, the fund works by investing in a globally diversified Shariah-compliant portfolio of securities focusing on ESG criteria in its investment process.

Coming during a time when both ESG and Islamic finance are becoming a popular topic of discussion, CEO of Hong Leong Islamic Asset Management (HLIAM) CEO Noor Aini Shaik Awab said, “It is encouraging to observe that today’s investors seek more than just financial returns; they have a clear vision and want investment vehicles that do not compromise the environment and faith-based values.”

“Furthermore, Malaysia is recognised as a leading Islamic fund hub across the globe, bringing forth new prospects to investors who are in search of Shariah-compliant ESG funds.”

The Hong Leong Global Shariah ESG Fund is the second of its kind to be launched by the financial institution following the launch of the HL Global ESG Fund last April, reflecting the company’s commitment towards sustainable investing.

Hong Leong Islamic Asset Management has been appointed as the external fund manager for the HL Global Shariah ESG Fund which will be distributed through Hong Leong Asset Management offices and Hong Leong Asset Management agency force nationwide and is priced at RM1 per unit during the initial offer period until the 29th of January.

The minimum initial investment is RM1,000 while the minimum additional investment amount is RM100. Additionally, the fund is also distributed via Hong Leong Asset Management’s online portal, HL iSmart Invest.


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