The four ETFs seek to track key global indices: the S&P 500 index, the Euro Stoxx 50, the Nikkei, and the MSCI EM Asia index.
Each ETF is based on an underlying fund managed by BlackRock.
Accordingly, the RHB-OSK US Index Beta Fund will invest in iShares Core S&P 500 UCITS ETF, which tracks the performance of the S&P 500 Net Total Return Index.
The RHB-OSK Japan Index Beta Fund seeks to invest in iShares Nikkei 225 ETF, which is listed on the Tokyo Stock Exchange.
The RHB-OSK Eurozone Index Beta Fund will deploy its assets in iShares Core Euro Stoxx 50 UCITS ETF, which tracks the EURO STOXX 50 Net Return Index.
The RHB-OSK Emerging Asia Index Beta Fund will invest in iShares MSCI EM Asia UCITS ETF, which in turn tracks the MSCI Emerging Markets Asia Index.
“The introduction of a series of beta funds will fill a significant gap in the Malaysian asset management market that is fast maturing,” Ho Seng Yee, chief executive officer of RHB Asset Management said.
Lim Wyson, head of consumer financial services and group wealth management at OCBC Bank said there is a gap in the current fund offerings in the country.
“Investors were looking for broad equity exposures at relatively lower costs. To this end, we worked with our business partner, RHB Asset Management, to develop a solution that would meet this growing demand.”