TheEdge
KUALA LUMPUR: Alliance Investment Management Bhd (AIMB) has declared a gross income distribution of three sen per unit for its fixed-income fund, Alliance Moneyplus Fund (AMF), for the year ended June 30, 2008.
In a statement yesterday, AIMB said the distribution, which translates to a yield of 5.55%, was the highest paid out cash distribution since the fund's inception in 2002. Last year's distribution was two sen.
"Performance wise, the fund had gained 4.35% from 0.5176 sen to 0.5401 sen. The average net asset value (NAV) during the 12-month period was 0.5410 sen," said AIMB head and executive director Nik Azhar Abdullah.
According to the Lipper Fund Table, dated July 14, 2008, AMF was ranked second, ninth and fourth out of 38, 26 and 19 funds in the same category on the back of a 4.35% return for the one year period, 13.42% for three years and 25.98% for five years, 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.
Thursday, July 31, 2008
Wednesday, July 30, 2008
Public Mutual unveils new capital protected fund with exposure in gold and oil & gas related sectors
PublicMutual
Public Bank’s wholly-owned subsidiary, Public Mutual will launch Public Capital Protected Select Portfolio Fund (PCPSPF) on 29 July 2008 (Tuesday). The fund allows investors to enjoy capital protection upon maturity of the fund while participating in the upside growth potential of the gold and oil & gas related sectors.
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said while PCPSPF is a 100% capital protected fund, it provides investors with the additional benefit of participating in the upside potential of the gold and oil & gas sectors as well as hedge part of their investments against inflation. “Historically, gold has been perceived as a hedge against rising inflation as gold provides a stable store of value amidst uncertainties in financial assets. Investing in the oil & gas sector is also a hedge against the current cycle of inflation which was fuelled by the uptrend in oil prices in recent years,” he explained.
PCPSPF seeks to achieve capital appreciation over the tenure of the fund while providing capital protection upon maturity of the fund. At least 85% of its net asset value (NAV) will be invested in Ringgit-denominated zero-coupon negotiable instrument of deposits (ZNIDs) and liquid investments comprising high quality debentures and money market instruments. The balance of the fund’s NAV will be invested in a portfolio of exchange traded funds (ETFs), equities and equity-related securities of gold and oil & gas related sectors.
The Initial Offer Price of PCPSPF is at RM0.9901 per unit during the 45-day initial offer period of 29 July 2008 to 11 September 2008. The service charge is at RM0.0099 per unit, which is 1% of the NAV of the fund during offer period. “As PCPSPF is a closed-end fund, the units will only be sold during Offer Period. The minimum investment for the fund is RM1,000,” said Tan Sri Teh.
Public Mutual’s Chairman Tan Sri Teh added that PCPSPF’s capital is protected with a Capital Protected Value of RM1.0000 per unit at the Maturity Date. The Maturity Date is on 21 September 2011 or earlier if the fund is fully sold before 11 September 2008.
PCPSPF is suitable for risk adverse investors. The fund is distributed by Public Mutual unit trust consultants. Interested investors can contact any Public Mutual unit trust consultant or call its Customer Service Hotline at 03-6207 5000 for more details of the fund.
Public Mutual is the largest private unit trust company in Malaysia, and it manages 63 funds for more than 1,800,000 accountholders. As at 30 May 2008, the total NAV 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 will launch Public Capital Protected Select Portfolio Fund (PCPSPF) on 29 July 2008 (Tuesday). The fund allows investors to enjoy capital protection upon maturity of the fund while participating in the upside growth potential of the gold and oil & gas related sectors.
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said while PCPSPF is a 100% capital protected fund, it provides investors with the additional benefit of participating in the upside potential of the gold and oil & gas sectors as well as hedge part of their investments against inflation. “Historically, gold has been perceived as a hedge against rising inflation as gold provides a stable store of value amidst uncertainties in financial assets. Investing in the oil & gas sector is also a hedge against the current cycle of inflation which was fuelled by the uptrend in oil prices in recent years,” he explained.
PCPSPF seeks to achieve capital appreciation over the tenure of the fund while providing capital protection upon maturity of the fund. At least 85% of its net asset value (NAV) will be invested in Ringgit-denominated zero-coupon negotiable instrument of deposits (ZNIDs) and liquid investments comprising high quality debentures and money market instruments. The balance of the fund’s NAV will be invested in a portfolio of exchange traded funds (ETFs), equities and equity-related securities of gold and oil & gas related sectors.
The Initial Offer Price of PCPSPF is at RM0.9901 per unit during the 45-day initial offer period of 29 July 2008 to 11 September 2008. The service charge is at RM0.0099 per unit, which is 1% of the NAV of the fund during offer period. “As PCPSPF is a closed-end fund, the units will only be sold during Offer Period. The minimum investment for the fund is RM1,000,” said Tan Sri Teh.
Public Mutual’s Chairman Tan Sri Teh added that PCPSPF’s capital is protected with a Capital Protected Value of RM1.0000 per unit at the Maturity Date. The Maturity Date is on 21 September 2011 or earlier if the fund is fully sold before 11 September 2008.
PCPSPF is suitable for risk adverse investors. The fund is distributed by Public Mutual unit trust consultants. Interested investors can contact any Public Mutual unit trust consultant or call its Customer Service Hotline at 03-6207 5000 for more details of the fund.
Public Mutual is the largest private unit trust company in Malaysia, and it manages 63 funds for more than 1,800,000 accountholders. As at 30 May 2008, the total NAV 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.
Monday, July 28, 2008
HwangDBS to stay in defensive mode
TheEdge
KUALA LUMPUR: HwangDBS Investment Management Bhd will continue to hold a defensive position with respect to domestic equities and will retain a cash buffer to cushion the impact from any weakness.
HwangDBS IM chief executive officer and executive director Teng Chee Wai said Malaysian equities continued to take the cue from regional and global market peers in the second quarter.
He said expectations were that politics would continue to dominate the local front and would weigh negatively on equities until a clearer sign of stability was seen.
“On a broader perspective, however, Asian equities underperformed other equity markets over the (second) quarter as inflation concerns featured more significantly in the region.
“Additionally, concerns over secondary and spill-through effects from the economic slowdown experienced in the US affected confidence over the highly export-driven Asian markets,” Teng said in a statement yesterday.
Meanwhile, HwangDBS IM announced an annual gross income distribution of 10 sen per unit for its flagship fund, the HwangDBS Select Opportunity Fund (SOF), for the financial year ending July 31, 2008.
All SOF unitholders registered as at July 18, 2008 are eligible to receive the income allotment, which represents the equity and growth fund’s seventh distribution since its launch on Sept 7, 2001 and final distribution for the said financial period.
Since its inception, the SOF has outperformed the KLCI by a total of 90.03%, distributed a total of 63 sen in dividends, HwangDBS said.
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: HwangDBS Investment Management Bhd will continue to hold a defensive position with respect to domestic equities and will retain a cash buffer to cushion the impact from any weakness.
HwangDBS IM chief executive officer and executive director Teng Chee Wai said Malaysian equities continued to take the cue from regional and global market peers in the second quarter.
He said expectations were that politics would continue to dominate the local front and would weigh negatively on equities until a clearer sign of stability was seen.
“On a broader perspective, however, Asian equities underperformed other equity markets over the (second) quarter as inflation concerns featured more significantly in the region.
“Additionally, concerns over secondary and spill-through effects from the economic slowdown experienced in the US affected confidence over the highly export-driven Asian markets,” Teng said in a statement yesterday.
Meanwhile, HwangDBS IM announced an annual gross income distribution of 10 sen per unit for its flagship fund, the HwangDBS Select Opportunity Fund (SOF), for the financial year ending July 31, 2008.
All SOF unitholders registered as at July 18, 2008 are eligible to receive the income allotment, which represents the equity and growth fund’s seventh distribution since its launch on Sept 7, 2001 and final distribution for the said financial period.
Since its inception, the SOF has outperformed the KLCI by a total of 90.03%, distributed a total of 63 sen in dividends, HwangDBS said.
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, July 25, 2008
HwangDBS declares payout for flagship fund
BusinessTimes
HWANGDBS Investment Management Bhd has declared an annual gross income distribution for its flagship fund - HwangDBS Select Opportunity Fund (SOF) at 10 sen per unit for the financial year ending July 31 2008.
This is the seventh distribution since its launch on September 7 2001, and final distribution for the financial period.
The fund, since its launch, has outperformed the KLCI by a total of 90.03 per cent and has distributed a total of 63 sen.
"Amid the falling market and slow economic growth locally and globally, HwangDBS Investment Management is pleased to be able to declare an income distribution for an equity fund such as SOF," chief executive officer and executive director Teng Chee Wai said in a statement.
Teng added that the second quarter of 2008 market outlook started off a better note as global equities generally rebounded strongly in April.
"However, sentiment remained fickle and equities consolidated over the subsequent months, wiping out almost all gains achieved in April, and proving that April's performance was merely a technical rebound from the lows recorded in March.
"Expectations are that politics will continue to dominate the local front and will weigh negatively on Malaysian equities until a clearer sign of stability is seen," he said.
HwangDBS Investment Management will continue to hold a defensive position with respect to the domestic equities and will retain a cash buffer to cushion the impact from any weakness seen in Malaysian equities, Teng 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.
HWANGDBS Investment Management Bhd has declared an annual gross income distribution for its flagship fund - HwangDBS Select Opportunity Fund (SOF) at 10 sen per unit for the financial year ending July 31 2008.
This is the seventh distribution since its launch on September 7 2001, and final distribution for the financial period.
The fund, since its launch, has outperformed the KLCI by a total of 90.03 per cent and has distributed a total of 63 sen.
"Amid the falling market and slow economic growth locally and globally, HwangDBS Investment Management is pleased to be able to declare an income distribution for an equity fund such as SOF," chief executive officer and executive director Teng Chee Wai said in a statement.
Teng added that the second quarter of 2008 market outlook started off a better note as global equities generally rebounded strongly in April.
"However, sentiment remained fickle and equities consolidated over the subsequent months, wiping out almost all gains achieved in April, and proving that April's performance was merely a technical rebound from the lows recorded in March.
"Expectations are that politics will continue to dominate the local front and will weigh negatively on Malaysian equities until a clearer sign of stability is seen," he said.
HwangDBS Investment Management will continue to hold a defensive position with respect to the domestic equities and will retain a cash buffer to cushion the impact from any weakness seen in Malaysian equities, Teng 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.
Others say keep interest rate unchanged
TheStar
PETALING JAYA: Concerns on stagflation and weaker growth have led some economists to recommend keeping interest rates unchanged.
According to Kuwait Finance House, a rate hike at this juncture would increase growth concerns and affect lending, especially to the retail sector.
Consumer sentiment had already plunged to a record low of 70 points, well below the 100-point level, the foreign research house said in a report.
CIMB-GK Research regional economist Song Seng Wun said the Malaysian economy faced downside risks with global demand slowing.
Furthermore, expectation of inflation is contained, to a certain extent, as employees may not be pushing too much for salary adjustments amidst slowing growth. This limits concerns on the rising cost of doing business.
With global commodity prices retreating and coming off their peaks, inflationary pressures might also ease, Song said.
OSK Investment Bank, in a report yesterday, said an interest hike would erode earnings margins and beat down consumer sentiment.
“The hike in interest rates could widen the positive differential between the US Fed funds rate and the OPR (overnight policy rate), which will probably attract ‘hot money’ inflows into Malaysia,” it said.
An alternative to mitigate inflations would be to allow the ringgit to appreciate against the US dollar so that imports would be cheaper.
TA Securities in a report said the current inflationary environment was attributed to the cost-push effect. Demand had most likely slowed in June as disposable income was crimped following the fuel price hike.
“We expect that the OPR may remain at the nine-month constant rate of 3.5% and Bank Negara may review it if the inflation rate breaks pass the 4% neutral level in the coming months,” the brokerage said.
Aseambankers shared similar views, noting that a “gloomy economic outlook and recession warnings” had been issued by central banks and government officials in developed countries.
It expects Bank Negara to keep the benchmark rate unchanged at 3.5% when it meets today and for the rest of the year. This is to sustain economic growth amid the growing risk of a weakening global economy and downside risk to domestic economic activities due to political and inflation factors.
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: Concerns on stagflation and weaker growth have led some economists to recommend keeping interest rates unchanged.
According to Kuwait Finance House, a rate hike at this juncture would increase growth concerns and affect lending, especially to the retail sector.
Consumer sentiment had already plunged to a record low of 70 points, well below the 100-point level, the foreign research house said in a report.
CIMB-GK Research regional economist Song Seng Wun said the Malaysian economy faced downside risks with global demand slowing.
Furthermore, expectation of inflation is contained, to a certain extent, as employees may not be pushing too much for salary adjustments amidst slowing growth. This limits concerns on the rising cost of doing business.
With global commodity prices retreating and coming off their peaks, inflationary pressures might also ease, Song said.
OSK Investment Bank, in a report yesterday, said an interest hike would erode earnings margins and beat down consumer sentiment.
“The hike in interest rates could widen the positive differential between the US Fed funds rate and the OPR (overnight policy rate), which will probably attract ‘hot money’ inflows into Malaysia,” it said.
An alternative to mitigate inflations would be to allow the ringgit to appreciate against the US dollar so that imports would be cheaper.
TA Securities in a report said the current inflationary environment was attributed to the cost-push effect. Demand had most likely slowed in June as disposable income was crimped following the fuel price hike.
“We expect that the OPR may remain at the nine-month constant rate of 3.5% and Bank Negara may review it if the inflation rate breaks pass the 4% neutral level in the coming months,” the brokerage said.
Aseambankers shared similar views, noting that a “gloomy economic outlook and recession warnings” had been issued by central banks and government officials in developed countries.
It expects Bank Negara to keep the benchmark rate unchanged at 3.5% when it meets today and for the rest of the year. This is to sustain economic growth amid the growing risk of a weakening global economy and downside risk to domestic economic activities due to political and inflation factors.
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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