Prudential launches Islamic fund management co

KUALA LUMPUR, Nov 5 (Reuters) - British insurer Prudential (PRU.L) said on Thursday it has set up an Islamic asset management company.

The Kuala Lumpur-based company will manage assets of institutional investors, and onshore and offshore institutional mandates, Prudential said in a statement.

At September 30, Prudential managed 1.5 billion ringgit ($439.9 million) of Islamic funds in Malaysia, it said. ($1=3.410 Malaysian Ringgit) (Click on [ID:nISLAMIC] for more Islamic finance stories and ISLAMIC for a speed guide) (Reporting by Liau Y-Sing; editing by Soo Ai Peng) ((y-sing.liau@thomsonreuters.com; Reuters Messaging: y-sing.liau.reuters.com@reuters.net; +603 2333 8083)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))