RHB Investment Management Launches the RHB Savings Builder Fund, a Multi-Asset Savings Vehicle

KUALA LUMPUR, 23 June 2008: Investors who want to diversify their investment portfolio across all asset classes and enjoy potential preservation of capital, now have a new fund to add to their investment portfolio – the RHB Savings Builder Fund (“RHBSBF”).

The new fund by RHB Investment Management Sdn Bhd (“RHBIM”) will have up to 100% of the Fund invested in a portfolio of other collective investment schemes comprising of various asset classes including but not limited to global equities, global bonds, property, real estate, money market funds, short term fixed income instruments and cash.

The main objective of the fund is to provide capital growth through exposure to a multi-asset portfolio of funds, according to the Managing Director of RHBIM, Puan Sharifatul Hanizah Said Ali.

“The strategy is to invest into a multi-asset portfolio of funds with a dynamic asset allocation using a Constant Proportion Portfolio Insurance (“CPPI”) mechanism with the aim of maximising exposure subject to risk constraints. Through this mechanism, the Fund aims to provide capital preservation at 80% of the highest NAV per unit recorded at any time,” she added.

According to Puan Sharifatul Hanizah, the multi-asset portfolio will be segregated into 2 distinct portfolios – the “Safe Portfolio” (money market funds) and the “Growth Portfolio” (all other fund categories). The allocation between the Growth Portfolio and the Safe Portfolio will be dynamically managed through time using the CPPI mechanism with the aim of maximising exposure to the Growth Portfolio subject to risk constraints.

“The process of asset allocation between the Growth Portfolio and Safe Portfolio within the Fund will be determined by Schroder Investment Management (Singapore) Ltd (“Schroder”), the external foreign investment manager of RHBSBF, from time to time based on target allocation levels derived from the CPPI,” she said.

The RHBSBF is RHBIM’s first open-end fund to have a dynamic asset allocation strategy using the CPPI technique, with a build-in capital preservation mechanism.

Puan Sharifatul Hanizah said the initial size of the RHBSBF had been fixed at 300 million units of 50 sen each, adding up to a total of RM150 million,” she said.

However, she also pointed out that the RHBSBF is an open-end fund, thus enabling RHBIM to enlarge it once all 300 million units have been sold out. “We will certainly increase the fund size once it is fully subscribed,” she added.

Puan Sharifatul Hanizah said the RHBSBF is suitable for investors who want a potentially steady and consistent capital growth and are prepared to accept moderate risks.

The RHBSBF will be jointly managed by RHBIM and Schroder. “The fund managers have wide experience managing funds of similar nature, and we are confident that investors will benefit greatly from their expertise,” Puan Sharifatul Hanizah said.

With the launch of the RHBSBF, RHBIM now manages 25 different unit trust funds, with close to RM4 billion in total assets under management. The RHBSBF is distributed exclusively via OCBC Bank (Malaysia) Berhad, sale of the units began on 12.June 2008.

For more information, please contact RHBIM at toll free 1-800-88-3656 or visit the website at www.rhbim.com.my.

Issued on behalf of RHB Investment Management Sdn. Bhd. by Group Corporate Communications, RHB Capital Bhd. For more information, please call Eza Dzul Karnain at 03-92802776.