HwangIM is the first panel member that launch Private Retirement Scheme (PRS) to the public in Malaysia. Hwang PRS Solutions, comprising four funds based on contributors' risk appetite and needs, are targeting guided annual return of between five per cent and 11 per cent. At launch time, three core funds, namely Hwang PRS Growth Fund, Hwang PRS Moderate Fund and Hwang PRS Conservative Fund. The fourth non-core fund, Hwang AIIMAN PRS Syariah Growth Fund will be launched at a later date.
Hwang PRS Growth Fund is targeting those investors below age of 40 years old or have high risk profile, while for Hwang PRS Moderate Fund is a balanced fund targeting those investors between the age of 40 - 50 years old or have moderate risk profile. Hwang PRS Conservative Fund is a fixed income fund with a small portion of equity investment, is meant for those over 50 years old or have low risk profile. Hwang AIIMAN PRS Syariah Growth Fund is a feeder fund for existing HwangIM fund, Hwang AIIMAN Syariah Growth Fund.
