Areca Capital Sdn Bhd (ArecaCap) declares income distributions for the financial year ended 30 June 2010 for four (4) of its unit trust funds, as follows:-
• Areca incomeTRUST Fund (AiTF) – 1.03 sen per unit;
• Areca moneyTRUST Fund (AmTF) – 0.35 sen per unit;
• Areca enhancedINCOME Fund (AeIF) – 1.54 sen per unit; and
• Areca Steady fixedINCOME Fund (ASfI) – 2.60 sen per unit.
ArecaCap’s CEO Danny Wong said despite volatile and uncertain market conditions, it was able to declare income distributions on all ArecaCap’s fixed income funds as all the funds are able to meet their respective investment objectives.
Danny said that both AiTF and AmTF, two of ArecaCap’s maiden funds, have been registering consistent and stable returns since their inception. It is the first income distribution for ASfI, a wholesale fund launched in May 2009 with medium to long term investment horizon.
On the current investment condition, Danny said the local market is still quite fragile with heavy reliant on external news, especially with the current thin trading volume. As such, it remained a challenge to manage performance volatility, consistency and meeting the funds’ investment objectives. However, he believes that Asia will perform relatively well in the mid to long term; as such any reasonable correction would present a good chance to accumulate quality stocks for potential upside especially once the current uncertainties subside.
Any further enquiries please contact Ms. Lim Swee Gim at lsg@arecacapital.com or call 603- 7956 3111.
– ARECA CAPITAL DECLARES RM5.47 MILLION INCOME DISTRIBUTION FOR FOUR OF ITS UNIT TRUST FUNDS –
