TheEdge
KUALA LUMPUR: AmInvestment Bank Group has declared a final income distribution of two sen per unit for its exchange-traded fund (ETF), ABF Malaysia Bond Index Fund, for the financial year ended Dec 31, 2008 (FY08).
With that, AmInvestment said the fund paid a total of 3.55 sen per unit in income distribution for FY08, representing a yield of 3.4% based on the net asset value (NAV) of RM1.0487 per unit as at Dec 31, 2007.
“As we cross the threshold of 2009, we have entered a period of global economic slowdown coupled with low interest rates and widening credit spreads. Hence, a sovereign bond ETF such as ABF Malaysia Bond Index Fund would be the ETF of choice,” said Datin Maznah Mahbob, chief executive officer of funds management division of AmInvestment Bank Group.
“This fund is designed for investors who seek an index-based approach to investing in a portfolio of government or sovereign bonds. It can be used as a trading instrument and it gives investors more flexibility,” she added.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Showing posts with label ETF. Show all posts
Showing posts with label ETF. Show all posts
Thursday, January 15, 2009
Wednesday, March 19, 2008
Prudential Fund’s new fund to invest in ETFs
TheEdge
KUALA LUMPUR: Prudential Fund Management Bhd (PFMB) has launched its 35th fund that aims to offset investors’ fears by providing them with capital growth over the medium to long term through investments in a diversified portfolio of exchanged traded funds (ETFs).
With an approved size of 1.2 billion units, Prudential Country Selection Fund will invest at least 95% of its net asset value in ETFs that are liquid. It is structured as a fund of funds and will be investing in at least five different ETFs, which are chosen from 22 pre-selected ETFs.
“We choose to launch this fund at this time because we feel that it is an opportune time to do so seeing that investors are concerned about the volatile conditions in the global market.
“Historical data has shown that there will always be countries that strategically outperform others. The fund mitigates global market risks by strategically diversifying its investments in the selected five performing ETFs,” said PFMB chief executive officer Mark Toh.
He said the fund managers would re-rank the ETFs every month and rebalance the portfolio accordingly. “That way, no matter what the market conditions are the fund is expected to maximise the potential of your investments,” he said in a statement in conjunction with the fund’s launch here yesterday.
“These 22 equity markets will then be ranked according to expected future performance using a total of 17 macroeconomic and fundamental research inputs. As always, we are cautiously optimistic that the fund will be well received considering that most of our distributing partners will be distributing the product,” said Toh.
The Prudential Country Selection Fund will be available for subscription from today at 25 sen per unit for a minimum investment of RM1,000. The initial offer period will end April 7.
PFMB currently manages Prudential Assurance Malaysia Bhd and Prudential BSN Takaful funds.
With the latest launch, PFMB assets under management have grown to over RM12.6 billion consisting of over RM3.7 billion from the retail unit trust business and some RM8.9 billion from private mandate. PFMB now manages 35 unit trust funds.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
KUALA LUMPUR: Prudential Fund Management Bhd (PFMB) has launched its 35th fund that aims to offset investors’ fears by providing them with capital growth over the medium to long term through investments in a diversified portfolio of exchanged traded funds (ETFs).
With an approved size of 1.2 billion units, Prudential Country Selection Fund will invest at least 95% of its net asset value in ETFs that are liquid. It is structured as a fund of funds and will be investing in at least five different ETFs, which are chosen from 22 pre-selected ETFs.
“We choose to launch this fund at this time because we feel that it is an opportune time to do so seeing that investors are concerned about the volatile conditions in the global market.
“Historical data has shown that there will always be countries that strategically outperform others. The fund mitigates global market risks by strategically diversifying its investments in the selected five performing ETFs,” said PFMB chief executive officer Mark Toh.
He said the fund managers would re-rank the ETFs every month and rebalance the portfolio accordingly. “That way, no matter what the market conditions are the fund is expected to maximise the potential of your investments,” he said in a statement in conjunction with the fund’s launch here yesterday.
“These 22 equity markets will then be ranked according to expected future performance using a total of 17 macroeconomic and fundamental research inputs. As always, we are cautiously optimistic that the fund will be well received considering that most of our distributing partners will be distributing the product,” said Toh.
The Prudential Country Selection Fund will be available for subscription from today at 25 sen per unit for a minimum investment of RM1,000. The initial offer period will end April 7.
PFMB currently manages Prudential Assurance Malaysia Bhd and Prudential BSN Takaful funds.
With the latest launch, PFMB assets under management have grown to over RM12.6 billion consisting of over RM3.7 billion from the retail unit trust business and some RM8.9 billion from private mandate. PFMB now manages 35 unit trust funds.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Monday, January 28, 2008
Overwhelming Response To New MyETFf Dow Jones Islamic Fund
Bernama
KUALA LUMPUR, Jan 25 (Bernama) -- The newly-launched exchange traded fund called MyETF Dow Jones Islamic Market Malaysia Titans 25 has received overwhelming response with the public spread being oversubscribed by 31.5 million units on its second day of subscription Thursday.
The fund, MyETF-DJIM25, launched on Jan 21, is the country's first National ETF as well as Asia's first Shariah-compliant ETF and is scheduled to be listed on Bursa Malaysia's Main Board next Thursday.
It gives investors immediate exposure to 25 leading Shariah-compliant companies listed on Bursa Malaysia, said Zainal Izlan Zainal Abidin, the chief executive officer of i-VCAP, the fund manager for MyETF-DJIM25.
He said that in the wake of overwhelming response from retail and institutional investors, government-linked investment companies (GLICs) participating in MyETF-DJIM25 are paring down their stakes by a further 80 million units to allow greater subscription by the public.
The seven GLICs were initially set to subscribe up to 700 million units of MyETF-DJIM25, while the balance of 140 million was to be made available for the public.
"The decision by the GLICs to further reduce their subscription in the National ETF is in line with one of the objectives of the fund, which is to increase the free float of the stocks comprised in MyETF-DJIM25, so as to boost liquidity and promote greater retail participation in the stock market," said Zainal Izlan in a statement here Friday.
He said that the move by the GLICs allows more retail and institutional investors to subscribe to MyETF-DJIM25.Among stocks within the index include Sime Darby Bhd, IOI Corporation Bhd, DiGi. Com Bhd, Kuala Lumpur Kepong Bhd, MISC Bhd, Gamuda Bhd and PPB Group Bhd.
Investors can subscribe from participating dealers - CIMB Investment Bank Bhd and OSK Investment Bank Bhd and selling agents - Aseambankers Malaysia Bhd and Affin Investment Bank Bhd - until next Monday.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
KUALA LUMPUR, Jan 25 (Bernama) -- The newly-launched exchange traded fund called MyETF Dow Jones Islamic Market Malaysia Titans 25 has received overwhelming response with the public spread being oversubscribed by 31.5 million units on its second day of subscription Thursday.
The fund, MyETF-DJIM25, launched on Jan 21, is the country's first National ETF as well as Asia's first Shariah-compliant ETF and is scheduled to be listed on Bursa Malaysia's Main Board next Thursday.
It gives investors immediate exposure to 25 leading Shariah-compliant companies listed on Bursa Malaysia, said Zainal Izlan Zainal Abidin, the chief executive officer of i-VCAP, the fund manager for MyETF-DJIM25.
He said that in the wake of overwhelming response from retail and institutional investors, government-linked investment companies (GLICs) participating in MyETF-DJIM25 are paring down their stakes by a further 80 million units to allow greater subscription by the public.
The seven GLICs were initially set to subscribe up to 700 million units of MyETF-DJIM25, while the balance of 140 million was to be made available for the public.
"The decision by the GLICs to further reduce their subscription in the National ETF is in line with one of the objectives of the fund, which is to increase the free float of the stocks comprised in MyETF-DJIM25, so as to boost liquidity and promote greater retail participation in the stock market," said Zainal Izlan in a statement here Friday.
He said that the move by the GLICs allows more retail and institutional investors to subscribe to MyETF-DJIM25.Among stocks within the index include Sime Darby Bhd, IOI Corporation Bhd, DiGi. Com Bhd, Kuala Lumpur Kepong Bhd, MISC Bhd, Gamuda Bhd and PPB Group Bhd.
Investors can subscribe from participating dealers - CIMB Investment Bank Bhd and OSK Investment Bank Bhd and selling agents - Aseambankers Malaysia Bhd and Affin Investment Bank Bhd - until next Monday.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Tuesday, January 22, 2008
Malaysia to float RM840m Islamic ETF
BusinessTimes
THE Government is floating a RM840 million syariah-compliant exchange-traded fund (ETF) on Bursa Malaysia next week, which will help in its plan to gradually sell down stakes in state-controlled firms.
"There are more coming. This is a good critical amount to start off with, but we will add on more," Second Finance Minister Tan Sri Nor Mohamed Yakcop said at the prospectus launch in Kuala Lumpur yesterday.
The government has planned to set up an ETF worth RM3.5 billion, and Nor Mohamed said there could be another one within this year.
He said Malaysia will use a combination of methods to gradually cut its stake in government-linked corporations (GLC), including selling directly in the market, through the setting up of ETF, or by selling bonds that are convertible into shares in the GLCs.
"There is no particular benchmark of reduction as such (as to how much shares in GLCs that the government plans to sell down)," the minister said.
"We want to help improve liquidity and we need to create the vibrancy and robustness of the market," he added. ETF is essentially a unit trust fund that is listed and traded on a stock exchange and designed to track the performance of an index.
The RM840 million MyETF Dow Jones Islamic Market Malaysia Titan 25 (MyETF-DJIM 25) is Asia's first Islamic ETF, giving investors immediate exposure to 25 leading Malaysian stocks. It will be managed by i-VCAP Management Sdn Bhd, a wholly-owned subsidiary of state-owned fund manager Valuecap Sdn Bhd.
"Despite the general (negative) sentiment on the market now, the product itself is a good one. This one particularly draws on the strength of Malaysia market," said OSK Investment Bank Bhd's head of derivatives and structure product Foo Keah Keat.
Plantation shares like Sime Darby and IOI Corp make up more than half of the index that the fund tracks. Other members of the index are major stocks in construction and property-related, oil and gas, as well as telecommunications.
"At OSK, we are bullish on sectors like plantation and construction. So this ETF is also a good sector play," Foo said.
Seven GLCs, including Khazanah Nasional Bhd and Permodalan Nasional Bhd, will each provide RM120 million worth of the underlying basket of shares. In exchange, the GLCs will each subscribe for 100 million units of the ETF. The remaining 140 million units are reserved for retail and institutional investors. Investors can subscribe for the units from the participating dealers, from today until January 28.
The ETF is scheduled to be listed on January 31.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
THE Government is floating a RM840 million syariah-compliant exchange-traded fund (ETF) on Bursa Malaysia next week, which will help in its plan to gradually sell down stakes in state-controlled firms.
"There are more coming. This is a good critical amount to start off with, but we will add on more," Second Finance Minister Tan Sri Nor Mohamed Yakcop said at the prospectus launch in Kuala Lumpur yesterday.
The government has planned to set up an ETF worth RM3.5 billion, and Nor Mohamed said there could be another one within this year.
He said Malaysia will use a combination of methods to gradually cut its stake in government-linked corporations (GLC), including selling directly in the market, through the setting up of ETF, or by selling bonds that are convertible into shares in the GLCs.
"There is no particular benchmark of reduction as such (as to how much shares in GLCs that the government plans to sell down)," the minister said.
"We want to help improve liquidity and we need to create the vibrancy and robustness of the market," he added. ETF is essentially a unit trust fund that is listed and traded on a stock exchange and designed to track the performance of an index.
The RM840 million MyETF Dow Jones Islamic Market Malaysia Titan 25 (MyETF-DJIM 25) is Asia's first Islamic ETF, giving investors immediate exposure to 25 leading Malaysian stocks. It will be managed by i-VCAP Management Sdn Bhd, a wholly-owned subsidiary of state-owned fund manager Valuecap Sdn Bhd.
"Despite the general (negative) sentiment on the market now, the product itself is a good one. This one particularly draws on the strength of Malaysia market," said OSK Investment Bank Bhd's head of derivatives and structure product Foo Keah Keat.
Plantation shares like Sime Darby and IOI Corp make up more than half of the index that the fund tracks. Other members of the index are major stocks in construction and property-related, oil and gas, as well as telecommunications.
"At OSK, we are bullish on sectors like plantation and construction. So this ETF is also a good sector play," Foo said.
Seven GLCs, including Khazanah Nasional Bhd and Permodalan Nasional Bhd, will each provide RM120 million worth of the underlying basket of shares. In exchange, the GLCs will each subscribe for 100 million units of the ETF. The remaining 140 million units are reserved for retail and institutional investors. Investors can subscribe for the units from the participating dealers, from today until January 28.
The ETF is scheduled to be listed on January 31.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
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