Principal Asset Management Bhd (Principal) has launched The Principal e-Cash Fund, a money market fund that is set to be Malaysia’s first e-wallet investment solution.
The fund will be made available soon through partnership with TNG Digital Sdn Bhd, which owns and operates the Touch ‘n Go eWallet.
“I am excited about our partnership with Touch ‘n Go – with technology playing an increasingly pivotal role in every aspect of life, this long term partnership is set to accelerate the development of eWallet investment solutions for Malaysians,” said Munirah Khairuddin, CEO of Principal Asset Management.
“Addressing the needs of Malaysians irrespective of their financial background, every Malaysian can now start to invest and inculcate the habit of investing, saving and spending,” she added.
Prior to this launch, Principal also introduced selected funds through the Employees Provident Fund’s (EPF) online investment platform, EPF i-Invest to encourage Malaysians to invest digitally for their retirement needs.
