RM6.03 MILLION INCOME DISTRIBUTION FOR ARECA CAPITAL’S INVESTORS
Petaling Jaya, 27 June 2012:
Areca Capital Sdn Bhd (Areca), a unit trust management company, has announced the following income distributions for four (4) of its funds:
• Areca incomeTRUST Fund (AiTF) – 1.0 sen per unit
• Areca moneyTRUST Fund (AmTF) – 0.35 sen per unit
• Areca enhancedINCOME Fund (AeIF) – 1.5 sen per unit
• Areca Steady fixedINCOME Fund (ASFIF) – 1.5 sen per unit
Areca’s Chief Investment Officer, Edward Iskandar Toh, said it was able to declare income distributions for these funds as the funds met their respective investment objectives through capital appreciation and trading profits.
Edward added that AiTF and AmTF, Areca’s two maiden funds, together with ASFIF, its first wholesale fund, have been registering consistent and stable returns since the funds’ inceptions.
Looking ahead, current economic condition suggests low risk in Bank Negara Malaysia raising its policy rates. In fact, weak external demand and moderating inflation will likely keep rates as they are with a slight bias towards easing. This will continue to provide a favourable environment to the fixed income market.
Areca, an associate company of Jerneh Asia Berhad, has launched its maiden funds on 23 April 2007 and is currently managing 7 unit trust funds. Areca is also an institutional unit trust agent for the distribution of third party funds.
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