KUALA LUMPUR: Maybank Asset Management Sdn Bhd (MAM) is targeting to achieve assets under management (AUM) worth RM500mil by end of this year for its newly launched Maybank Flexible Retirement Solution.

       Group chief executive officer Ahmad Najib Nazlan (pic) said the solution, which aimed to supplement one’s retirement planning, comprised of two new global syariah-compliant funds – Maybank Global Wealth Moderate-I Fund and Maybank Global Wealth Growth-I Fund.

       “The solution aims to achieve capital growth over the medium to long-term with a target return of 6% to 8% per annum and incorporates a capital preservation strategy.”

       He said the solution is targeted to the mass market and a supplement to other investments that one had. — Bernama