TNG Digital and Principal Malaysia launch eight new investment funds on GOinvest

TNG Digital Sdn Bhd (“TNG Digital”) in partnership with Principal Asset Management Berhad (“Principal Malaysia”) today introduced eight new unit trust funds via GOinvest, a digital investment platform on Touch ‘n Go eWallet. Through the partnership, TNG Digital and Principal Malaysia are united in their commitment in enabling Malaysians to build their savings through simple and convenient investment solutions.

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 conveniently 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 (based on a three-year annualised returns performance as of 31 March 2023).

Conservative

·         Principal Islamic Global Selection Moderate Conservative Fund (Class D)

Moderate

·         Principal Islamic Lifetime Enhanced Sukuk Fund (Class D)

·         Principal Islamic Global Selection Moderate Fund (Class D)

Aggressive

·         Principal Asia Pacific Dynamic Mixed Asset Fund (Class D)

·         Principal Islamic Global Selection Aggressive Fund (Class D)

·         Principal Asia Pacific Dynamic Income Fund (Class D)

·         Principal Global Titans Fund (Class D)

·         Principal DALI Global Equity Fund (Class D)

Alan Ni, Chief Executive Officer of TNG Digital said, “We launched GOinvest in July 2022, disrupting the market to offer affordable investment solutions that could be conveniently accessed by all Malaysians, and giving them the flexibility to invest effortlessly anytime and anywhere through Touch ‘n Go eWallet.”

“The Principal Islamic Money Market Fund was our primary product offering, and it has since served more than 100,000 users to-date. 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,” said Ni.

According to Munirah Khairuddin, Chief Executive Officer and Country Head of Principal Malaysia, and Head of Group Islamic business, “Our purpose centers around providing financial security to more Malaysians, and we are fully committed to bringing in more value whilst empowering Malaysians with the right tools and support for a successful investment journey.”

“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,” said Munirah.

Over the years, Touch ‘n Go eWallet has been progressively building its suite of financial products and services, comprising investments, insurance, lending, and payments solutions, specially tailored to offer value and convenience to its users. In 2021, Touch ‘n Go eWallet launched GO+, its first investment product in partnership with Principal Malaysia. GO+ allows users to earn daily returns from Principal e-Cash, a Shariah-compliant money market fund and at the same time support day to day payments through the eWallet. In just over two years since its launch, GO+ has been subscribed by more than three million users.


Touch ‘n Go eWallet is the first eWallet to be granted approval by Securities Commission of Malaysia (“SC”) to operate as a Recognised Market Operator. Users can rest assured that their investments are safe and secure as the funds are regulated by SC.