TheEdge
KUALA LUMPUR: MAAKL Mutual Bhd has declared gross dividends of three sen per unit for MAAKL Al-Fauzan and one sen per unit for MAAKL Pacific Fund for the financial year ending Sept 30, 2008.
In a statement, MAAKL Mutual said the gross distributions represented gross distribution yields of 8.95% and 3.8%, respectively, based on the average net asset value per unit from Oct 1, 2007 to Sept 18, 2008.
MAAKL Mutual executive director and chief executive officer, Wong Boon Choy, said: “This is the third gross distribution declared for MAAKL Pacific Fund and the second declared for MAAKL Al-Fauzan since the funds’ inception in June 2005 and September 2005 respectively.”
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 MAAKL. Show all posts
Showing posts with label MAAKL. Show all posts
Monday, October 6, 2008
Friday, September 19, 2008
CIMB to manage MAA Takaful's funds
BusinessTimes
MAA Takaful Bhd has hired CIMB-Principal Asset Management Bhd to manage its investment-linked fund portfolio.
Under the pact, three of MAA Takaful's funds will be managed by CIMB-Principal - the Syariah Growth Fund, Syariah Balanced Fund and Syariah Income Fund.
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.
MAA Takaful Bhd has hired CIMB-Principal Asset Management Bhd to manage its investment-linked fund portfolio.
Under the pact, three of MAA Takaful's funds will be managed by CIMB-Principal - the Syariah Growth Fund, Syariah Balanced Fund and Syariah Income Fund.
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, August 12, 2008
MAA offers new investment scheme
TheStar
Product provides capital guarantee and returns higher than fixed deposit rates
KUALA LUMPUR: Malaysian Assurance Alliance Bhd (MAA Assurance), in tandem with rising global inflation and volatile equity markets, has launched a structured investment product that provides capital guarantee and returns higher than fixed deposit rates.
The product, Master Capital Guaranteed Plan Swing 6, is syariah compliant and focuses on three themes, namely China and Hong Kong, mining and steel, as well as oil and gas. Each theme will invest in two stocks.
Vice president for life business development services division Y.C. Chan said the product was ideal and suitable in light of the current economic situation coupled with low fixed deposit rates.
“We are targeting fixed depositors as well as those hoping to make some potentially higher returns in this challenging economic environment.
“Policyholders can expect to rake in an average of about 12% returns per year for this plan.
“We are also hoping to achieve gross premiums of at least RM50mil in the first two months of its launch. The product was launched last Friday,’’ he said during an interview.
According to Chan, the company was optimistic of the product as it allowed policyholders to obtain potentially higher returns from investment and, at the same time, would provide capital guarantee at the end of the fourth policy year.
He attributed the investment in the China and Hong Kong markets to the former’s robust economic growth and the latter’s ability to tap into the mainland’s growth and benefit from buoyant trade, services, retail and property sales.
China’s economy was expected to grow at 8%-10% per annum over the next three years spurred by a strong domestic economy, infrastructure spending, population and income growth, he noted.
Chan added the mining and steel as well as the oil and gas sectors had good potential.
“The demand for commodities and steel is seen outstripping supply, with robust demand coming from Asia, especially China and India.
“The crude oil market is facing tight supply and geopolitical tensions and its demand remains relatively unresponsive to higher prices,” he added.
A minimum premium of RM10,000 is needed for this plan and, apart from capital guarantee, it also provides insurance coverage.
Death benefit is provided for the first RM2mil premium (per insured), thereafter, any amount above this figure would not be covered for insurance protection.
He said a policyholder could, if hewished, withdraw his capital guaranteed benefit at the fourth policy year and terminate the policy, or maintain and continue by switching the benefit into other MAA investment-linked funds without any charge.
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.
Product provides capital guarantee and returns higher than fixed deposit rates
KUALA LUMPUR: Malaysian Assurance Alliance Bhd (MAA Assurance), in tandem with rising global inflation and volatile equity markets, has launched a structured investment product that provides capital guarantee and returns higher than fixed deposit rates.
The product, Master Capital Guaranteed Plan Swing 6, is syariah compliant and focuses on three themes, namely China and Hong Kong, mining and steel, as well as oil and gas. Each theme will invest in two stocks.
Vice president for life business development services division Y.C. Chan said the product was ideal and suitable in light of the current economic situation coupled with low fixed deposit rates.
“We are targeting fixed depositors as well as those hoping to make some potentially higher returns in this challenging economic environment.
“Policyholders can expect to rake in an average of about 12% returns per year for this plan.
“We are also hoping to achieve gross premiums of at least RM50mil in the first two months of its launch. The product was launched last Friday,’’ he said during an interview.
According to Chan, the company was optimistic of the product as it allowed policyholders to obtain potentially higher returns from investment and, at the same time, would provide capital guarantee at the end of the fourth policy year.
He attributed the investment in the China and Hong Kong markets to the former’s robust economic growth and the latter’s ability to tap into the mainland’s growth and benefit from buoyant trade, services, retail and property sales.
China’s economy was expected to grow at 8%-10% per annum over the next three years spurred by a strong domestic economy, infrastructure spending, population and income growth, he noted.
Chan added the mining and steel as well as the oil and gas sectors had good potential.
“The demand for commodities and steel is seen outstripping supply, with robust demand coming from Asia, especially China and India.
“The crude oil market is facing tight supply and geopolitical tensions and its demand remains relatively unresponsive to higher prices,” he added.
A minimum premium of RM10,000 is needed for this plan and, apart from capital guarantee, it also provides insurance coverage.
Death benefit is provided for the first RM2mil premium (per insured), thereafter, any amount above this figure would not be covered for insurance protection.
He said a policyholder could, if hewished, withdraw his capital guaranteed benefit at the fourth policy year and terminate the policy, or maintain and continue by switching the benefit into other MAA investment-linked funds without any charge.
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, May 6, 2008
MAA: New fund may chalk up RM50m in sales
BusinessTimes
MAA Assurance Bhd's new fund to be launched next month could chalk up RM50 million in sales.MAA vice-president of life business development services division, YC Chan said the insurer is confident of attracting up to 700 investors to subscribe to the new fund, given the guarantee element in the scheme.
"Based on the outstanding performance of our existing four guaranteed funds, we are confident of achieving the target," Chan said.
He said MAA is waiting for the right time to launch the new fund as bond yields are not that encouraging now.
However, he was optimistic that the equity market will perform better in the second half of the year.
The new fund, he said, will be a structured product with a promise to return 100 per cent of the principal invested at maturity and linked to the performance of underlying assets.
It will maintain a 90 per cent bond portfolio while the balance 10 per cent will be in equities. The minimum investment for the new fund is RM10,000.
MAA has achieved sales of RM165 million for its existing four guaranteed funds - Maaster Capital Guaranteed Plan 1 (MCGP1), MCGP2, MCGP3 and MCGP4-Asia Pacific.
The MCGP1, a single premium investment linked plan, matured last March returning 33.4 per cent over a five year period.
"This is a remarkable achievement for the MCGP1 which I believe is one of the highest for a capital guaranteed plan," Chan said.
The MCGP1 average returns of 6.68 per per cent per annum outperformed the 12 month fixed deposit returns.MAA has now 16 funds worth RM600 million under management. - By Rupinder Singh
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.
MAA Assurance Bhd's new fund to be launched next month could chalk up RM50 million in sales.MAA vice-president of life business development services division, YC Chan said the insurer is confident of attracting up to 700 investors to subscribe to the new fund, given the guarantee element in the scheme.
"Based on the outstanding performance of our existing four guaranteed funds, we are confident of achieving the target," Chan said.
He said MAA is waiting for the right time to launch the new fund as bond yields are not that encouraging now.
However, he was optimistic that the equity market will perform better in the second half of the year.The new fund, he said, will be a structured product with a promise to return 100 per cent of the principal invested at maturity and linked to the performance of underlying assets.
It will maintain a 90 per cent bond portfolio while the balance 10 per cent will be in equities. The minimum investment for the new fund is RM10,000.
MAA has achieved sales of RM165 million for its existing four guaranteed funds - Maaster Capital Guaranteed Plan 1 (MCGP1), MCGP2, MCGP3 and MCGP4-Asia Pacific.
The MCGP1, a single premium investment linked plan, matured last March returning 33.4 per cent over a five year period.
"This is a remarkable achievement for the MCGP1 which I believe is one of the highest for a capital guaranteed plan," Chan said.
The MCGP1 average returns of 6.68 per per cent per annum outperformed the 12 month fixed deposit returns.MAA has now 16 funds worth RM600 million under management. - By Rupinder Singh
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, April 15, 2008
New feeder fund from MAA
TheStar
KUALA LUMPUR: MAA International Assurance Ltd, an offshore composite insurance arm of MAA Holdings Bhd, is targeting about S$30mil sales in the first year for its latest product, the Global Natural Resources Fund.
The Singapore dollar-denominated feeder fund will officially hit the local market on April 28 and invest in equities of high quality global companies involved in the extraction, processing, transportation and distribution of natural resources.
The fund, which will be managed by US-based investment management company Newgate Capital Management LLC, will be fed or invested into Newgate Capital's existing underlying Global Natural Resources Fund.
Chief executive officer Richard Goh said the launch was timely in view of the rising prices of natural resources due to the shortage of global supply. The company is anticipating an annual return of about 20% for the fund.
“Going forward, the supply of natural resources is likely to get tighter with massive demand from countries like China, India and other emerging markets, and this will drive natural resources prices through the roof.
“In 2002, the price of crude oil was US$18 to US$20 a barrel and today it is more than US$100. Consumption, on the other hand, will also surge as half of the world population's wealth rises,” Goh told StarBiz.
According to Goh, the governments of different countries were currently taking steps to address the issue of food shortage. Thailand, Ecuador, Senegal, Egypt, Argentina and Venezuela had capped food prices.
Zambia, Ethiopia and Pakistan had suspended food exports, while Malaysia – together with Jordan, Ethiopia and Pakistan – were stockpiling major foodstuff, he said, adding that others were cutting import tariffs and increasing food subsidies.
Base metals like copper, iron, lead and aluminium were also in great demand in line with the global entry of a huge cycle of infrastructure spending, he said.
Morgan Stanley estimated that emerging markets would spend US$21.7 trillion on infrastructure over the next 10 years.
Goh welcomed investors to get into the booming natural resources sector as he felt the growth cycle had only started at the turn of the decade.
“Historically, most commodity bull markets tend to span 10 to 15 years, with super cycles stretching out to 20 years. That means the current boom in commodities shall not peak until 2012, indicating another four more years of rising prices.
“But odds are high that we are in a super boom cycle, which will mean we would not see the top in prices until 2022,” he said.
The minimum initial investment for the Global Natural Resources Fund is S$2,500, and additional investments can be made at anytime with just S$1,000. All investors will also be covered with a free group life insurance of 1% on the initial and all top-up investment.
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: MAA International Assurance Ltd, an offshore composite insurance arm of MAA Holdings Bhd, is targeting about S$30mil sales in the first year for its latest product, the Global Natural Resources Fund.
The Singapore dollar-denominated feeder fund will officially hit the local market on April 28 and invest in equities of high quality global companies involved in the extraction, processing, transportation and distribution of natural resources.
The fund, which will be managed by US-based investment management company Newgate Capital Management LLC, will be fed or invested into Newgate Capital's existing underlying Global Natural Resources Fund.
Chief executive officer Richard Goh said the launch was timely in view of the rising prices of natural resources due to the shortage of global supply. The company is anticipating an annual return of about 20% for the fund.
“Going forward, the supply of natural resources is likely to get tighter with massive demand from countries like China, India and other emerging markets, and this will drive natural resources prices through the roof.
“In 2002, the price of crude oil was US$18 to US$20 a barrel and today it is more than US$100. Consumption, on the other hand, will also surge as half of the world population's wealth rises,” Goh told StarBiz.
According to Goh, the governments of different countries were currently taking steps to address the issue of food shortage. Thailand, Ecuador, Senegal, Egypt, Argentina and Venezuela had capped food prices.
Zambia, Ethiopia and Pakistan had suspended food exports, while Malaysia – together with Jordan, Ethiopia and Pakistan – were stockpiling major foodstuff, he said, adding that others were cutting import tariffs and increasing food subsidies.
Base metals like copper, iron, lead and aluminium were also in great demand in line with the global entry of a huge cycle of infrastructure spending, he said.
Morgan Stanley estimated that emerging markets would spend US$21.7 trillion on infrastructure over the next 10 years.
Goh welcomed investors to get into the booming natural resources sector as he felt the growth cycle had only started at the turn of the decade.
“Historically, most commodity bull markets tend to span 10 to 15 years, with super cycles stretching out to 20 years. That means the current boom in commodities shall not peak until 2012, indicating another four more years of rising prices.
“But odds are high that we are in a super boom cycle, which will mean we would not see the top in prices until 2022,” he said.
The minimum initial investment for the Global Natural Resources Fund is S$2,500, and additional investments can be made at anytime with just S$1,000. All investors will also be covered with a free group life insurance of 1% on the initial and all top-up investment.
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.
Thursday, January 17, 2008
MAAKL Mutual launches new fund
TheStar
KUALA LUMPUR: MAAKL Mutual Bhd has launched a regional fund called MAAKL Shariah Asia-Pacific Fund.
MAAKL said in a statement the new fund would focus on markets such as China, Hong Kong, Indonesia, South Korea, Malaysia, the Philippines, Taiwan, Thailand and Australia.
Chief executive officer and executive director Wong Boon Choy said the new fund was designed to invest up to a maximum of 98% of its net asset value in Asia-Pacific syariah-compliant equities and equity-related securities.
“Additionally, the fund will invest in a diversified portfolio of syariah-compliant equities and equity-related instruments, as well in Islamic money market instrument with emphasis on high growth potential and/or undervalued stocks relative to the assessed true value,” he said in the statement.
Wong Boon Choy showing a poster of the new fund.The fund is suitable for investors seeking to invest in a diversified portfolio of stocks listed in the Asia-Pacific region that conform with syariah principles, those seeking a medium- to long-term investment horizon between three and five years, and investors willing to accept a moderate to high level of risk.
The fund aims to provide long-term capital appreciation. Fund manager Meridian Asset Management Sdn Bhd will continuously adopt an active strategy in meeting the investment objectives.
The approved fund size is 600 million units, which will be priced at 25 sen each during the initial offer period from Jan 16 to Feb 5. The minimum initial investment is RM1,000, while the minimum additional investment is RM100.
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: MAAKL Mutual Bhd has launched a regional fund called MAAKL Shariah Asia-Pacific Fund.
MAAKL said in a statement the new fund would focus on markets such as China, Hong Kong, Indonesia, South Korea, Malaysia, the Philippines, Taiwan, Thailand and Australia.
Chief executive officer and executive director Wong Boon Choy said the new fund was designed to invest up to a maximum of 98% of its net asset value in Asia-Pacific syariah-compliant equities and equity-related securities.
“Additionally, the fund will invest in a diversified portfolio of syariah-compliant equities and equity-related instruments, as well in Islamic money market instrument with emphasis on high growth potential and/or undervalued stocks relative to the assessed true value,” he said in the statement.
Wong Boon Choy showing a poster of the new fund.The fund is suitable for investors seeking to invest in a diversified portfolio of stocks listed in the Asia-Pacific region that conform with syariah principles, those seeking a medium- to long-term investment horizon between three and five years, and investors willing to accept a moderate to high level of risk.
The fund aims to provide long-term capital appreciation. Fund manager Meridian Asset Management Sdn Bhd will continuously adopt an active strategy in meeting the investment objectives.
The approved fund size is 600 million units, which will be priced at 25 sen each during the initial offer period from Jan 16 to Feb 5. The minimum initial investment is RM1,000, while the minimum additional investment is RM100.
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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