Petaling Jaya, 18 June 2015:
Areca Capital officially launched its latest fund, the Areca Islamic Cash Fund today.
The new Areca Islamic Cash Fund, being an Islamic Fixed Income
(Wholesale), will invest 0 – 30% of the Net Asset Value (NAV) of the
Fund (at time of purchase) in Islamic fixed income securities. The
balance of the Fund¿s NAV may be invested in Islamic money market
instruments (other than those instruments classified as Islamic liquid
assets), Islamic Deposits and placement with Islamic Investment Account
and other Islamic liquid assets.
To achieve its investment objective, the Fund may invest up to 30% of
its NAV in Islamic fixed income securities including Ringgit denominated
Sukuk and invest the remaining NAV in Short-Term Islamic money market
instruments and Islamic Deposits and placement with Islamic Investment
Account with different maturity periods to meet the objective of the
Fund.
The performance of the Fund is benchmarked against the Maybank Islamic 1
month REPO rate. The minimum initial investment amount is RM100,000 and
additional investment amount is RM10,000.
Areca is currently managing nine unit trust funds, including four
wholesale funds. Areca is also an Institutional Unit Trust Advisor for
the distributions of third party funds.
About Areca Capital Sdn Bhd
Established in 2006, we are licensed by the Securities Commission
Malaysia to manage and distribute unit trust funds. We are also licensed
to manage funds under private mandates for individuals, corporations
and other institutions. We are registered with the Federation of
Investment Managers Malaysia as one of the institutional unit trust
advisors to distribute and market unit trust funds of other fund houses.
We launched our three maiden funds in April 2007, one of which won The
Edge | Lipper Malaysia Fund awards 2011 under the Equity Malaysia, 3
years category.
We provide cost-effective services and ensure that our clients invest in
the right assets based on our clients; risk profiles and reward
motivations. We pride ourselves on our professional, yet friendly
approach. We seek to provide our clients with consistent risk-adjusted
return over the long term.
Since our inception we have built a reputation as an innovative and high
performing fund manager, winning new clients as our performance track
record and exceptional client service have been recognized.
Our direct distribution is supported by a strategic nationwide sales
support infrastructure. This includes our headquarters in Petaling Jaya
and three sales support offices nationwide in Ipoh, Melacca, and Penang.
For further enquiries, please contact us at invest@arecacapital.com or call 603-7956 3111.
