BusinessTimes
CIMB Wealth Advisors Bhd has declared a gross income distribution of five sen per unit for holders of its CIMB-Principal Equity Growth Fund (EGF).
“This amounts to 6.15 per cent of the fund’s net asset value per unit as at January 22, 2008,” said CIMB Group in a statement here today.
The fund provides long-term capital growth, and invests a minimum of 70 per cent in equities with capital growth prospects.The majority of the fund’s assets are invested in Malaysian equities.
EGF is targeted at investors looking for consistent capital returns.
“EGF has performed well, giving total returns of 73 per cent since it was launched in October 2003.
“The overall market sentiment has been generally good and the fund managers’ ability to pick the right stocks has benefited investors,” said its chief executive officer, Tan Beng Wah.
CIMB Wealth Advisors, incorporated in 1990, provides a comprehensive range of unit trust funds for individuals and institutional investors in Malaysia. - Bernama
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.
Friday, February 15, 2008
Poll: Funds favour Russia
TheStar
LONDON: Fund managers are increasingly pessimistic about emerging equities, though three-quarters of investors surveyed have gone overweight Russia, a Merrill Lynch survey showed on Wednesday.
The monthly poll of 190 global fund managers found investors at their most risk-averse since April 2001, with 40% now underweight global stocks, as the six-month-old credit crisis stokes fears of a US recession and a global slowdown.
Global emerging market investors showed the highest level of pessimism on profits since the GEM survey began in 2007.
But the survey found a big rise in investor preference for Russia.
“GEM investors maintain large overweight positions in Russia and Brazil. Russia is favoured over Brazil for the first time in our (global emerging markets) survey,” Merrill said, adding that funds were underweight India and China, the two other legs of the so-called BRIC countries.
“What we have seen is the increase in overweight in Russia in the past two to three months and the main driving theme to us is that the government has got a large oil surplus,” said Michael Penn, global emerging equity strategist at Merrill Lynch.
Investor confidence in China's growth was also at an all-time low, the survey found. – Reuters
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.
LONDON: Fund managers are increasingly pessimistic about emerging equities, though three-quarters of investors surveyed have gone overweight Russia, a Merrill Lynch survey showed on Wednesday.
The monthly poll of 190 global fund managers found investors at their most risk-averse since April 2001, with 40% now underweight global stocks, as the six-month-old credit crisis stokes fears of a US recession and a global slowdown.
Global emerging market investors showed the highest level of pessimism on profits since the GEM survey began in 2007.
But the survey found a big rise in investor preference for Russia.
“GEM investors maintain large overweight positions in Russia and Brazil. Russia is favoured over Brazil for the first time in our (global emerging markets) survey,” Merrill said, adding that funds were underweight India and China, the two other legs of the so-called BRIC countries.
“What we have seen is the increase in overweight in Russia in the past two to three months and the main driving theme to us is that the government has got a large oil surplus,” said Michael Penn, global emerging equity strategist at Merrill Lynch.
Investor confidence in China's growth was also at an all-time low, the survey found. – Reuters
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.
OCBC Bank launches agribusiness fund
TheStar
KUALA LUMPUR: OCBC Bank (M) Bhd is offering a new agribusiness fund that allows investors to take a short- to mid-term view on the agribusiness sector against the US real estate sector.
The Agri-Property Outperformance FRNID (floating rate negotiable instrument of deposit) could potentially earn up to 8% a year while enjoying 100% principal protection if the investment were held to maturity, said OCBC Bank in a statement.
The new FRNID, available until Feb 26, measures the performance of six international agribusiness stocks against the iShares Dow Jones US Real Estate Index Fund.
It named the six stocks as ArcherDanielMidland Co, Bunge Ltd, Monsanto Co, Agrium Inc, Degree & Co and Nestle SA.
For a minimum deposit of RM100,000, an individual may take up the FRNID and the maximum amount per NID certificate is RM10mil. – Bernama
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: OCBC Bank (M) Bhd is offering a new agribusiness fund that allows investors to take a short- to mid-term view on the agribusiness sector against the US real estate sector.
The Agri-Property Outperformance FRNID (floating rate negotiable instrument of deposit) could potentially earn up to 8% a year while enjoying 100% principal protection if the investment were held to maturity, said OCBC Bank in a statement.
The new FRNID, available until Feb 26, measures the performance of six international agribusiness stocks against the iShares Dow Jones US Real Estate Index Fund.
It named the six stocks as ArcherDanielMidland Co, Bunge Ltd, Monsanto Co, Agrium Inc, Degree & Co and Nestle SA.
For a minimum deposit of RM100,000, an individual may take up the FRNID and the maximum amount per NID certificate is RM10mil. – Bernama
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, February 14, 2008
AmInvestment to take advantage of strengthening global currencies
TheStar
KUALA LUMPUR: AmInvestment Bank Bhd expects more than 8% returns per annum for its first fund launched this year, AmGlobal Currencies – Capital Protected.
AmBank Group chairman Tan Sri Azman Hashim said the fund was designed to take advantage of the expected strengthening of a basket of global currencies against the US dollar.
“As we enter 2008, the investment horizon looks challenging with looming factors such as surging oil and commodity prices, rising global inflation and increasing market volatility. In addition, fresh credit concerns and high trade deficits are also expected to contribute to the US downtrend,” he said at the launch of the fund yesterday.
Azman said the diversified basket of currencies comprising the Brazilian real, Russian rouble, euro, Canadian dollar, and Korean won had historically strengthened against the greenback.
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: AmInvestment Bank Bhd expects more than 8% returns per annum for its first fund launched this year, AmGlobal Currencies – Capital Protected.
AmBank Group chairman Tan Sri Azman Hashim said the fund was designed to take advantage of the expected strengthening of a basket of global currencies against the US dollar.
“As we enter 2008, the investment horizon looks challenging with looming factors such as surging oil and commodity prices, rising global inflation and increasing market volatility. In addition, fresh credit concerns and high trade deficits are also expected to contribute to the US downtrend,” he said at the launch of the fund yesterday.
Azman said the diversified basket of currencies comprising the Brazilian real, Russian rouble, euro, Canadian dollar, and Korean won had historically strengthened against the greenback.
From left: Datin Maznah Mahbob, Tan Sri Azman Hashim, AmInvestment Bank executive director Pushpa Rajadurai and AmBank (M) Bhd retail banking managing director Mohamed Azmi Mahmood at the launch of the fund
This was due to strong economic growth in these countries and the rising prominence of euro in international trade.
“We realised there is potential growth prospects tapping into these global currencies,” he said.
The fund will invest mainly in two-year zero-coupon negotiable instruments of deposits and an option that participates in the appreciation of the basket of currencies against the US Dollar.
“This fund is suitable for investors who want potentially better returns than bank deposit rates over a two-year investment period. It is also for investors who are risk-averse and want to preserve their capital while participating in the appreciation of these global currencies against the greenback,” Azman said.
AmGlobal Currencies – Capital Protected has an authorised fund size of 250 million units. Selling at RM1 per unit, the minimum investment amount is RM5,000 while the minimum additional investment is RM5,000.
AmInvestment funds management executive director and chief executive officer Datin Maznah Mahbob said the company planned to launch about 12 funds within this year.
“We plan to launch more capital protected, absolute returns as well as emerging growth trend funds,” she said.
With these fund launches, the unit trust division would see its total assets under management increase by 30% from RM19bil as at Jan 31, 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.
Wednesday, February 13, 2008
Public Mutual declares distributions for 3 funds
PublicMutual
Public Bank’s wholly-owned subsidiary, Public Mutual declares distributions for three of its funds.
The gross distributions declared are for financial year ended 31 January 2008:
Public Index Fund - Gross distribution of 20.00 sen per unit
Public Enhanced Bond Fund - Gross distribution of 7.25 sen per unit
Public Money Market Fund - Gross distribution of 3.00 sen per unit
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said Public Index Fund has generated a one-year return of 38.85% for the period ended 11 January 2008, according to The Edge-Lipper Fund Table dated 21 January 2008.
This fund has generally outperformed its benchmark Kuala Lumpur Composite Index (KLCI), which registered a gain of 37.08% for the same period.
As for Public Enhanced Bond Fund, it has generated a one-year return of 10.20% for the period ended 11 January 2008. This fund has outperformed its benchmark 12-Month Fixed Deposits rate of 3.70%.
Public Money Market Fund, on the other hand, has generated a one-year return of 3.14% for the period ended 11 January 2008.
Public Mutual is the largest private unit trust company in Malaysia, manages 57 funds for more than 1,650,000 accountholders. As at 31 December 2007, the total net asset value of the funds managed by the company was RM28.4 billion.
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.
Public Bank’s wholly-owned subsidiary, Public Mutual declares distributions for three of its funds.
The gross distributions declared are for financial year ended 31 January 2008:
Public Index Fund - Gross distribution of 20.00 sen per unit
Public Enhanced Bond Fund - Gross distribution of 7.25 sen per unit
Public Money Market Fund - Gross distribution of 3.00 sen per unit
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said Public Index Fund has generated a one-year return of 38.85% for the period ended 11 January 2008, according to The Edge-Lipper Fund Table dated 21 January 2008.
This fund has generally outperformed its benchmark Kuala Lumpur Composite Index (KLCI), which registered a gain of 37.08% for the same period.
As for Public Enhanced Bond Fund, it has generated a one-year return of 10.20% for the period ended 11 January 2008. This fund has outperformed its benchmark 12-Month Fixed Deposits rate of 3.70%.
Public Money Market Fund, on the other hand, has generated a one-year return of 3.14% for the period ended 11 January 2008.
Public Mutual is the largest private unit trust company in Malaysia, manages 57 funds for more than 1,650,000 accountholders. As at 31 December 2007, the total net asset value of the funds managed by the company was RM28.4 billion.
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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