MALAYSIA: Hong Leong Asset Management (Hong Leong AM) has launched its first Islamic ESG fund, the Hong Leong Global Shariah ESG Fund, confirmed a statement. Benchmarked against the S&P Global 1200 ESG Shariah Index, the fund aims to provide investors with medium- to long-term capital growth. Hong Leong Islamic AM is the appointed external fund manager for the fund, which is the second ESG fund launched by Hong Leong AM in the last nine months.