i-VCAP declares 2015 income distribution for MyETF Series
Published on: Friday, February 12, 2016
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Kuala Lumpur: i-VCAP Management Sdn Bhd has declared the income distribution for three of its exchange traded funds (ETFs) under its MyETF Series. They are the MyETF Dow Jones Islamic Market Malaysia Titans 25 (MyETF-DJIM25), the MyETF MSCI Malaysia Islamic Dividend (MyETF-MMID) and the MyETF MSCI SEA Islamic Dividend (MyETF-MSEAD).

MyETF-MMID unit holders will enjoy the highest income distribution among the three funds at 3.15 sen per unit.

This is on top of the 8.59 per cent unit price gain that the ETF has registered for its unitholders in 2015, i-VCAP said in a statement Thursday.

The fund declared its maiden income distribution of 2.25 sen per unit last year since its listing in March 2014.

Meanwhile, MyETF-DJIM25 will be distributing 2.37 sen per unit while MyETF-MSEAD will have its first income distribution at 2.15 sen per unit since its listing in May 2015.

The entitlement date for all three income distributions is on March 1 while payment is set for March 29, 2016.

These will be the first and final income distribution for the three ETFs for the financial year ended 31 December 2015, i-VCAP said.

The announcement continues a consistent trend in i-VCAP's income distribution for its ETFs with the latest being the tenth of its kind since the launch of its first fund, the MyETF-DJIM25, in 2008.

"The MyETF Series has proven to be a good investment option as its ETFs have consistently offered income distributions to its unit holders and registered favourable performance.

"Despite being passive funds, the MyETF Series is able to deliver commendable performance compared with their peers.

Investors will definitely maximise the returns, with ETFs having low transaction cost as they do not have any sales charges when investors trade," i-VCAP chief executive officer Mahdzir Othman said.

The Malaysian ETF sector has experienced a positive growth of 66 per cent in terms of total volume, with 28.9 million units traded on Bursa Securities in 2015 from 17.4 million units in the previous year. – Bernama


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