TheEdge
KUALA LUMPUR: HwangDBS Investment Management Bhd has declared an interim income distribution of 0.5 sen for HwangDBS Select Income Fund (SIF) and annual income distribution of 0.75 sen for the HwangDBS Select Bond Fund (SBF).
In a statement yesterday, HwangDBS IM said the distributions were for the period ended June 30, 2008.
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, July 3, 2008
Wednesday, July 2, 2008
PNB confident of higher returns from new fund
BusinessTimes
PERMODALAN Nasional Bhd (PNB)'s recently launched Structured Investment Fund (SIF) could yield returns of between nine and 10 per cent a year, its chief executive said.
In May, president and group chief executive Tan Sri Hamad Kama Piah Che Othman said the fund could provide annual returns of between six and seven per cent.
PNB is confident of a higher estimate as its existing funds have reported between seven to eight per cent returns annually, Hamad said.
A total of RM2.5 billion has been taken up since the SIF was launched in May. SIF is open to individual and institutional investors at a net asset value of RM1 during the offer period, which ended on June 25th.
It is also the first time that PNB opened the fund to institutional investors, companies and non-Malaysians to invest.
"The overwhelming response we received encourages PNB to launch more of such products in the future," he said in Kuala Lumpur yesterday.
He was speaking at an event announcing winners of PNB's investment quiz.
Up to 80 per cent of the fund will be invested in structured products issued by Deutsche Bank Malaysia, which may include bonds, stocks, equity-linked and hybrid products.
The fund will also put up to half of its money in PNB REIT (real estate investment trust), which owns seven properties in Kuala Lumpur and Johor Baru worth about RM1 billion in total.
Meanwhile, PNB announced that its wholly-owned subsidiary, Amanah Saham Nasional Bhd (ASNB), is offering 200 million new units of Amanah Saham Didik (ASD) beginning yesterday.
A total of 2.2 billion units have been snapped up since ASD was launched in 2001. This is the seventh time the fund has offered new units.
ASD is a fixed price unit trust fund open to Bumiputera investors as early as six months old.
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.
PERMODALAN Nasional Bhd (PNB)'s recently launched Structured Investment Fund (SIF) could yield returns of between nine and 10 per cent a year, its chief executive said.
In May, president and group chief executive Tan Sri Hamad Kama Piah Che Othman said the fund could provide annual returns of between six and seven per cent.
PNB is confident of a higher estimate as its existing funds have reported between seven to eight per cent returns annually, Hamad said.
A total of RM2.5 billion has been taken up since the SIF was launched in May. SIF is open to individual and institutional investors at a net asset value of RM1 during the offer period, which ended on June 25th.
It is also the first time that PNB opened the fund to institutional investors, companies and non-Malaysians to invest.
"The overwhelming response we received encourages PNB to launch more of such products in the future," he said in Kuala Lumpur yesterday.
He was speaking at an event announcing winners of PNB's investment quiz.
Up to 80 per cent of the fund will be invested in structured products issued by Deutsche Bank Malaysia, which may include bonds, stocks, equity-linked and hybrid products.
The fund will also put up to half of its money in PNB REIT (real estate investment trust), which owns seven properties in Kuala Lumpur and Johor Baru worth about RM1 billion in total.
Meanwhile, PNB announced that its wholly-owned subsidiary, Amanah Saham Nasional Bhd (ASNB), is offering 200 million new units of Amanah Saham Didik (ASD) beginning yesterday.
A total of 2.2 billion units have been snapped up since ASD was launched in 2001. This is the seventh time the fund has offered new units.
ASD is a fixed price unit trust fund open to Bumiputera investors as early as six months old.
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.
RM15.4m for Pacific Mutual investors
TheEdge
PETALING JAYA: Pacific Mutual Fund Bhd has declared income distributions of between 0.4 sen and six sen per unit for five of its funds for their financial year and interim periods ended June 30, 2008.
For FY08, it has declared distribution of six sen per unit for Pacific Millennium Fund and Pacific Recovery Fund, 3.5 sen per unit for Pacific SELECT Balance Fund and 2.5 sen per unit for Pacific SELECT Income Fund, while for the interim period, it declared 0.4 sen per unit for Paciific Cash Fund.
The total distributions to be paid out amount to RM15.4 million.
In a statement yesterday, Pacific Mutual said these translated into yields of 9.8%, 10.7%, 6.4%, 4.8% and 0.8%, respectively, based on the net asset value per unit of the funds prior to the distribution.
“We are generally pleased to be able to offer consistent payouts to our investors, despite trying market conditions,” said Gary Gan, general manager, business development and marketing of Pacific Mutual, adding that the payouts were possible due to the respectable returns generated and prudent downside risk management achieved by the 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.
PETALING JAYA: Pacific Mutual Fund Bhd has declared income distributions of between 0.4 sen and six sen per unit for five of its funds for their financial year and interim periods ended June 30, 2008.
For FY08, it has declared distribution of six sen per unit for Pacific Millennium Fund and Pacific Recovery Fund, 3.5 sen per unit for Pacific SELECT Balance Fund and 2.5 sen per unit for Pacific SELECT Income Fund, while for the interim period, it declared 0.4 sen per unit for Paciific Cash Fund.
The total distributions to be paid out amount to RM15.4 million.
In a statement yesterday, Pacific Mutual said these translated into yields of 9.8%, 10.7%, 6.4%, 4.8% and 0.8%, respectively, based on the net asset value per unit of the funds prior to the distribution.
“We are generally pleased to be able to offer consistent payouts to our investors, despite trying market conditions,” said Gary Gan, general manager, business development and marketing of Pacific Mutual, adding that the payouts were possible due to the respectable returns generated and prudent downside risk management achieved by the 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.
Public Mutual declares distributions for nine funds
TheEdge
KUALA LUMPUR: Public Mutual Bhd, a wholly-owned subsidiary of Public Bank Bhd, has declared distributions for its nine funds for the year ended June 30, 2008 (FY08).
In a statement, the unit trust company said its final gross distributions for its nine funds ranges from two sen per unit to 5.75 sen per unit. PB Balanced Fund headed the list with a total gross distribution of 15 sen per unit after an interim distribution of 10 sen per unit and a final distribution of five sen each in the period under review.
Public Mutual said PB Growth Fund came in second with total gross distribution of 14 sen per unit, after an interim and final gross distribution per unit of nine sen and five sen respectively.
The interim gross distribution of PB Balanced Fund and PB Growth Fund was declared and paid in December 2007. The other funds that declared final gross distributions were PB Asia Equity Fund, PB Islamic Asia Equity Fund, PB Fixed Income Fund, PB Islamic Bond Fund, PB Cash Management Fund, PB Islamic Cash Management Fund and Public Islamic Money Market Fund.
Public Mutual added that PB Growth Fund, PB Balanced Fund and PB Fixed Income Fund were the winners of The Edge-Lipper Malaysia Fund Awards 2008, and were ranked first for five-year returns in their respective categories for the period under June 6, 2008.
Public Mutual is the largest private unit trust company in Malaysia.
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: Public Mutual Bhd, a wholly-owned subsidiary of Public Bank Bhd, has declared distributions for its nine funds for the year ended June 30, 2008 (FY08).
In a statement, the unit trust company said its final gross distributions for its nine funds ranges from two sen per unit to 5.75 sen per unit. PB Balanced Fund headed the list with a total gross distribution of 15 sen per unit after an interim distribution of 10 sen per unit and a final distribution of five sen each in the period under review.
Public Mutual said PB Growth Fund came in second with total gross distribution of 14 sen per unit, after an interim and final gross distribution per unit of nine sen and five sen respectively.
The interim gross distribution of PB Balanced Fund and PB Growth Fund was declared and paid in December 2007. The other funds that declared final gross distributions were PB Asia Equity Fund, PB Islamic Asia Equity Fund, PB Fixed Income Fund, PB Islamic Bond Fund, PB Cash Management Fund, PB Islamic Cash Management Fund and Public Islamic Money Market Fund.
Public Mutual added that PB Growth Fund, PB Balanced Fund and PB Fixed Income Fund were the winners of The Edge-Lipper Malaysia Fund Awards 2008, and were ranked first for five-year returns in their respective categories for the period under June 6, 2008.
Public Mutual is the largest private unit trust company in Malaysia.
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.
CIMB-Principal manages CIMB Wealth Advisors funds
TheEdge
KUALA LUMPUR: CIMB-Principal Asset Management Bhd started to manage, beginning yesterday, all of CIMB Wealth Advisors Bhd’s conventional unit trust funds except for the CIMB-Principal KLCI-Linked Fund, CIMB Group said in a statement.
It said, concurrently, the Islamic funds of both CIMB-Principal and CIMB Wealth Advisors would now be managed by CIMB-Principal Islamic Asset Management Sdn Bhd.
CIMB said these moves were in line with CIMB-Principal and CIMB Wealth Advisors’ efforts to streamline their business activities.
CIMB-Principal chief executive Datuk Noripah Kamso said with the rationalisation, it would focus on manufacturing and managing conventional unit trust funds while CIMB Wealth Advisors would concentrate on distributing and packaging investment products.
Meanwhile, CIMB Wealth Advisors CEO Tan Beng Wah said 16 conventional funds were transferred from CIMB Wealth Advisors to CIMB-Principal. “We will undertake the distribution of CIMB-Principal’s funds to retail investors while continuing to manage the CIMB-Principal KLCI-Linked Fund.”
He said CIMB Wealth Advisors would continue to be a multi-financial services and product platform, serving the growing needs of customers by offering unit trust funds, insurance and other investment products.
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: CIMB-Principal Asset Management Bhd started to manage, beginning yesterday, all of CIMB Wealth Advisors Bhd’s conventional unit trust funds except for the CIMB-Principal KLCI-Linked Fund, CIMB Group said in a statement.
It said, concurrently, the Islamic funds of both CIMB-Principal and CIMB Wealth Advisors would now be managed by CIMB-Principal Islamic Asset Management Sdn Bhd.
CIMB said these moves were in line with CIMB-Principal and CIMB Wealth Advisors’ efforts to streamline their business activities.
CIMB-Principal chief executive Datuk Noripah Kamso said with the rationalisation, it would focus on manufacturing and managing conventional unit trust funds while CIMB Wealth Advisors would concentrate on distributing and packaging investment products.
Meanwhile, CIMB Wealth Advisors CEO Tan Beng Wah said 16 conventional funds were transferred from CIMB Wealth Advisors to CIMB-Principal. “We will undertake the distribution of CIMB-Principal’s funds to retail investors while continuing to manage the CIMB-Principal KLCI-Linked Fund.”
He said CIMB Wealth Advisors would continue to be a multi-financial services and product platform, serving the growing needs of customers by offering unit trust funds, insurance and other investment products.
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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