BUSINESS

I-VCAP DECLARES INCOME DISTRIBUTION FOR MYETF SERIES

21/02/2019 07:31 PM

KUALA LUMPUR, Feb 21 (Bernama) -- i-VCAP Management Sdn Bhd has declared the income distribution for the funds under its MyETF Series which are Shariah-compliant exchange-traded funds (ETFs), namely the MyETF Dow Jones Islamic Market Malaysia Titans 25 (MyETF-DJIM25), MyETF MSCI-Malaysia Islamic Dividend (MyETF-MMID) and MyETF MSCI SEA Islamic Dividend (MyETF-MSEAD), for the financial year ended Dec 31, 2018.

“A total of RM9.76 million has been allocated for the income distribution of the MyETF Series,” it said in a statement today.

It said for the local underlying ETFs, i.e. MyETF-DJIM25 and MyETF-MMID, unitholders will receive 2.44 sen per unit or a dividend yield of 2.16 per cent and 2.76 sen per unit or a dividend yield of 2.38 per cent respectively.

Meanwhile, MyETF-MSEAD, which provides exposure to five regional markets, will distribute 1.99 sen per unit to its unitholders, or translated to 2.46 per cent as dividend yield.

The entitlement date for the income distribution is March 13, 2019 while payment is set for April 8, 2019.

“Apart from providing investors exposure into the different investments underlying, the funds under the MyETF Series have consistently declared income distributions to unitholders each year,” it said.

The income distributions are largely derived from dividend income that each fund receives from its equity holdings.

The MyETF Series provide investors additional avenues for portfolio diversification, allowing instant access to other markets.

i-VCAP said ETFs generally have relatively low transaction costs with no sales charge.

“Since the MyETF Series is listed on Bursa Malaysia Securities Bhd, it is convenient for Malaysian investors to transact (buy/sell) their units via any online trading platform,” it added.

i-VCAP is a wholly-owned subsidiary of ValueCAP Sdn Bhd, which in turn is equally owned by Khazanah Nasional Bhd, Kumpulan Wang Persaraan (Diperbadankan), and Permodalan Nasional Bhd.

--BERNAMA


 


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