MAAKL declares gross distributions for four funds
Posted on July 4, 2012, Wednesday
KUCHING: MAAKL Mutual Bhd (MAAKL) yesterday declared gross distributions for four of its unit trust funds for the financial year ended June 30, 2012.
The gross distributions are 1.7sen for the MAAKL Balanced Fund, 5.5sen for the MAAKL Equity Index Fund, 6.8sen for the MAAKL Syariah Index Fund and 2.9sen for the MAAKL Regular Savings Fund.
All unit holders who maintain their units in MAAKL Balanced Fund, MAAKL Equity Index Fund, MAAKL Syariah Index Fund and MAAKL Regular Savings Fund as at 30 June 2012 would be entitled to the distributions.
MAAKL’s chief executive officer and executive director, Wong Boon Choy said, “Our fund managers have been effectively creating value for our investors, resulting in income distributions for these four funds.
“The distributions declared translate into distribution yields of 4.09 per cent, 8.25 per cent, 9.12 per cent and 9.15 per cent for MAAKL Balanced Fund, MAAKL Equity Index Fund, MAAKL Syariah Index Fund and MAAKL Regular Savings Fund respectively.” He added, “As at June 15, 2012, the above four funds delivered a three-year return of 33.35 per cent, 55.67 per cent, 46.65 per cent and 60.93 per cent respectively.
“We are happy that all four funds have managed to achieve their investment objectives for unit holders.” MAAKL Balanced Fund is a balanced income fund.
Its primary investment objective is to achieve medium- to long-term capital appreciation and to provide dividend income.
The fund is designed for investors who seek regular income.
MAAKL Equity Index Fund is an equity index-tracking fund.
Its primary investment objective is to track the performance of the FTSE Bursa Malaysia KLCI (FBM KLCI) at less than the average market risk through its overall investment strategy of investing predominantly in index linked stocks.
MAAKL Syariah Index Fund is an Islamic equity index-tracking fund.
Its primary investment objective is to track the performance of the FTSE Bursa Malaysia Emas Shariah Index (FBMSHA).
The fund also aims to generate annual distribution. MAAKL Regular Savings Fund is an equity growth fund.
The fund seeks to provide long-term goal of capital appreciation by maintaining a minimum exposure of 80 per cent in equities and equity-related instruments at all times.
It is designed for investors who are willing to accept moderate to high level of risk.