Areca Capital Sdn Bhd (Areca), a unit trust management company, has announced the following income distributions for five (5) of its funds:

•            Areca incomeTRUST Fund (AiTF) – 1.5 sen per unit

•            Areca equityTRUST Fund (AeTF)– 4.49 sen per unit

•            Areca moneyTRUST Fund (AmTF) – 0.35 sen per unit

•            Areca enhancedINCOME Fund (AeIF) – 2 sen per unit

•            Areca Steady fixedINCOME Fund (ASFIF) – 2.4 sen per unit

Areca’s CEO Danny Wong said it was able to declare income distributions on all its local funds as the funds were able to meet their respective investment objectives. This was despite prevailing volatile and uncertain market conditions coupled with rising interest rates trend.

Danny added that AiTF and AmTF, Areca’s two maiden funds and ASFIF, its first wholesale fund, have been registering consistent and stable returns since their inception.

On the current fixed income market condition, Danny believes that Bank Negara Malaysia will increase its overnight policy rate by another 25bps, most likely in the coming July Monetary Policy Committee meeting, to continue to normalise interest rate from current 3.00% to 3.25%. Despite the potential rate hike, Danny thinks that the fixed income/bond market will continue to perform in view of current uncertainty of global economy recovery.

Areca Capital Sdn Bhd, an associate company of Jerneh Asia Berhad, has launched its maiden funds on 23 April 2007 and is currently managing 6 unit trust funds and is also an Institutional Unit Trust Agent for the distribution of third party funds.

For further enquiries, please contact us at invest@arecacapital.com or call 603- 7956 3111