RHB Unit Trust Launches the Global Multi Manager Fund

KUALA LUMPUR, August 23, 2007: Investors who want to take advantage of the benefits provided by a multi manager approach of investing now have a new fund to add to their portfolio – the Global Multi Manager Fund (“GMMF”).

The new fund by RHB Unit Trust Management Bhd (“RHB Unit Trust”) will have at least 95% of its net asset value (NAV) invested in a minimum of five collective investment schemes, the very first fund in Malaysia with the multi manager approach.

“The main objective of the fund is to provide investors with long-term growth of capital with reduced levels of risk,” said Mr Michael Tan, Chief Executive Officer of RHB Unit Trust. This will be achieved through a highly diversified international growth and income portfolio based on a global multi manager approach.

“The strategy is to invest principally in at least five international and domestic funds. If the investment in the underlying funds does not meet the objective of the Fund, the Fund may choose to replace it with another fund with similar objectives ,” he added.

The fund was officially launched today by Tan Sri Haji Hanafiah Haji Ahmad, the Chairman of RHB Unit Trust.

The GMMF is the first unit trust fund launched by RHB Unit Trust in Malaysia to be invested in funds with multi manager approach. The underlying international funds are chosen from within the stable of funds managed by Russell Investment Group (“Russell”), one of the world’s leading asset consultants who advise clients on US$2 trillion worth of assets.

Mr Tan said the initial size of the GMMF had been fixed at 500 million units of 50 sen each, adding up to a total of RM250 million.

However, he also pointed out that the GMMF was an open-ended fund, thus enabling RHB Unit Trust to enlarge it once all 500 million units have been sold. “We can certainly enlarge the fund, the response that we have received thus far is very encouraging,” he added.

Tan said RHB Unit Trust would be looking at investing 80% in both equity and fixed income funds globally, and the remaining 20% in Malaysia, with the aim to provide a portfolio mix that will form a core holding investment for an investor.

The GMMF will be managed by RHB Asset Management Sdn Bhd, a wholly owned subsidiary of RHB Banking Group.

He said the GMMF would be suitable for investors with moderate risk profile who are looking at investing in a globally well diversified portfolio. The Fund is also designed as the core holding for any investment portfolios.

“With the GMMF, investors will not only enjoy international exposure and diversification, but will also enjoy the added advantage of manager diversification through the many world class investment managers with no additional cost,” he added.

With the launch of the GMMF, RHB Unit Trust now manages 22 different funds with a total fund size of RM1.35 billion. RHB Unit Trust has been an ISO 9001: 2000 certified company since March 2003. This certification from ISO signifies RHB Unit Trust’s commitment to continually improve the quality of service to its customers. The GMMF is distributed via RHB Bank Bhd, selected IUTAs and its authorised agents.

For more information, please contact RHB Unit Trust at toll free 1-800-88-3656 or visit our website at www.rhb-unittrust.com.my.

Issued on behalf of RHB Unit Trust Management Bhd by Group Corporate Communications, RHB Capital Bhd. For more information, please call Yeoh Guan Jin at 03-92802536 or 012-3835027 or Akmal Baqi at 03-92802776 or 012-6658704.