Areca Capital Sdn Bhd (ArecaCap), an associate company of Jerneh Asia Berhad, has launched the Areca Recovery Growth Fund.

The aggressive growth fund is aimed at providing investors with potentially high capital growth over the tenure of the fund, capitalizing on the current lows of stock markets in the Asia-US regions and to give investors an opportunity to recover from losses arising from the recent financial crisis, ArecaCap said in a statement Friday.

The fund will invest in domestic and foreign equities and equity- related securities to take advantage of current weakness in stock prices for potential recovery in the next 3 years (up to a total of 5 years in a prolonged recovery environment).  “The Manager will employ an aggressive investment strategy tactically in achieving the objective and targeting the potential return of 50% of initial offer price of RM0.5000 for the early termination,” ArecaCap’s CEO, Danny Wong said in a statement.

“We are bullish about the equity markets over the next 3 year, where we see much potential in Asian stock” said Danny. The asset allocation for the fund will be a maximum of 98 percent in equity securities and a minimum 2% in liquid assets. The target market of the fund would be on Malaysia, China, Hong Kong, Singapore and other Asian/ US markets.
The fund has a total approved fund size of five hundred million units priced at 50 sen per unit during the initial offer period; 21 days from March 12, 2010, with minimum initial investment of RM10,000 while the minimum additional investment is RM1,000. In line with the recent statement made by Tan Sri Zarinah Anwar, the Chairman of the Securities Commission Malaysia for a lower upfront fee; Areca Recovery Growth Fund comes with a zero entry fee when dealing direct with the Company.

For further information, please contact Ms Rachel Ho at tel: (03) 7956 3111 or e-mail: rachel@arecacapital.com or visit www.arecacapital.com

– ARECA CAPITAL LAUNCHES ARECA RECOVERY GROWTH FUND –