Touch ‘n Go Users Can Now Invest in Eight New Funds From RM10
by Fintech News Malaysia June 22, 2023TNG Digital has partnered with Principal Asset Management to roll out eight new unit trust funds via GOinvest, a digital investment platform on Touch ‘n Go eWallet.
Launched in August 2022, GOinvest’s first product offering was the Principal Islamic Money Market Fund.
Touch ‘n Go eWallet users can start investing in the unit trust funds from as low as RM10 with no lock-in period or capped amount.
Users can set up a regular savings plan via the auto cash-in function to invest a fixed amount every month to average down the risk for stable returns.
The eight unit trust funds are a mix of conventional and Shariah-compliant funds, based on a mid to longer-term investment period with historical returns of up to 12.35% per annum.
The funds are; Principal Islamic Global Selection Moderate Conservative Fund (conservative), Principal Islamic Lifetime Enhanced Sukuk Fund (moderate), Principal Islamic Global Selection Moderate Fund (moderate), Principal Asia Pacific Dynamic Mixed Asset Fund (aggressive), Principal Islamic Global Selection Aggressive Fund (aggressive), Principal Asia Pacific Dynamic Income Fund (aggressive), Principal Global Titans Fund (aggressive), and Principal DALI Global Equity Fund (aggressive).
Alan Ni
Alan Ni, Chief Executive Officer of TNG Digital said,
“We are pleased to partner with Principal Malaysia, one of our trusted and long-time partners, to provide eight more product options to our users.
We will continue to work with Principal Malaysia to introduce more inclusive investment products that can inculcate good savings and investing habits for all Malaysians.”
Munirah Khairuddin
Munirah Khairuddin, CEO and Country Head of Principal Malaysia as well as Head of Group Islamic business said,
“Through our partnership with TNG Digital, we have curated eight additional Principal funds that allow users access to international and local investment opportunities.
With this, Touch ‘n Go eWallet users are now able to build an optimal investment portfolio tailored to their risk appetites via a mature eWallet ecosystem.”
