April 12, 2021
KUALA LUMPUR, Malaysia, April 12, 2021 /PRNewswire/ Kenanga Investors Berhad ( Kenanga Investors ) has declared a final income distribution of RM256.0 million for 21 retail funds till March 2021 adding to the earlier RM275.7 million that has been distributed and also income repatriation during the course of 2020, making it a record-breaking total distribution amount of RM531.7 million for its clients for financial year 2020.
Ismitz Matthew De Alwis, Chief Executive Officer of Kenanga Investors Berhad
Ismitz Matthew De Alwis, Executive Director and Chief Executive Officer of Kenanga Investors said, We are proud to declare an income distribution for a wide range of funds under our management. Income distribution yields ranged from 8% to 12% for equity and balanced funds while fixed income funds generated average yields of 6%.
Versa draws 10 million ringgit of deposits since soft launch
asiaasset.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiaasset.com Daily Mail and Mail on Sunday newspapers.
Kenanga Investors Collaborates With MFPC to Launch Financial Planning Programme
livenews.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livenews.co.nz Daily Mail and Mail on Sunday newspapers.
Malaysia’s Kenanga Investors is acquiring state-backed asset and exchange-traded fund manager i-VCAP Management for an undisclosed sum after getting the green light from Securities Commission Malaysia, a deal that will turn it into the second largest ETF manager in the country.
Kenanga Investment Bank, which owns Kenanga Investors, made the announcement in a statement on February 2, confirming a January 13 report in
Asia Asset Management (
The bank didn’t provide details but people familiar with the matter tell
AAM that it’s an all-cash deal and is expected to be completed by the end of March.
i-VCAP is wholly-owned by Valuecap Group, a three-way joint venture between sovereign wealth fund Khazanah Nasional, Permodalan Nasional, Malaysia’s largest fund manager, and civil service pension fund Kumpulan Wang Persaraan.
Malaysia’s Kenanga Investors is in an advanced stage of negotiations to acquire i-VCAP Management, a state-backed asset and exchange-traded fund manager, according to people familiar with the matter.
“The deal, if sealed, would position Kenanga Investors as the second largest ETF provider in Malaysia, and it would also allow i-VCAP’s ultimate shareholders to exit the business as announced over a year ago,” one of these people tells
Asia Asset Management.
Affin Hwang Asset Management is currently the market leader with nine of the 19 ETFs listed on the local stock exchange. i-VCAP manages four ETFs and Kenanga Investors has two.