KUALA LUMPUR, Tuesday, 4 April 201704 Apr 2017
BIMB INVESTMENT DECLARES 7.1% DISTRIBUTION YIELD FOR MYR CLASS AND 6.9% FOR USD CLASS FOR ITS MULTI-CURRENCY GLOBAL SHARIAH-ESG EQUITY FUND, THE BIMB-ARABESQUE i GLOBAL DIVIDEND FUND 1
BIMB Investment Management Berhad (“BIMB Invest”), a wholly-owned subsidiary of Bank Islam Malaysia Berhad, declared 7.1% (MYR class) and 6.9% (USD class) income distribution yield for its multi-currency global Shariah-ESG equity fund, the BIMB-Arabesque i Global Dividend Fund 1, exceeding its benchmark target of 6%.
BIMB Invest’s Chief Executive Officer (CEO), Encik Najmuddin Mohd Lutfi said, “We thank our investors for their support and remained invested in our fund and we are pleased to have delivered 7.1% (MYR class) and 6.9% (USD class) income distribution yield, exceeding the target benchmark of 6%.”
Najmuddin added "Our global Shariah-ESG equity fund, the BIMB-Arabesque i Global Dividend Fund 1, uses artificial intelligence and big data technology in its investment process. The investment process removes human biases and intuition, to construct the best combination of stocks from a universe of 77,000 global listed companies to form a portfolio of up to 100 stocks daily by using more than 1,600 selection criteria that process more than 100 billion data points. The fund rebalances its portfolio on a daily basis between equity and cash for sustainable risk adjusted investment returns. The systematic and rules-based quantitative investment approaches also take into account Environmental, Social and Governance (ESG) data to invest in companies with sustainable financial future.”
“The BIMB-Arabesque i Global Dividend Fund 1 saw a total return of 22.24%* over the one-year period ended 24 March 2017. This was higher than the average return of Islamic equity global category and the conventional equity global of 16.12%* and 19.69%* respectively during the same period. (*source: The Edge Weekly, 3 April 2017)”
Offering greater ease to the investors, the fund can be subscribed from any Bank Islam 145 branches nationwide, BIMB Invest’s consultants, KenWealth by Kenanga and Phillip Mutual. The fund is also available for online purchase at www.fundsupermart.com.my, www.ifastcapital.com.my and www.eunittrusts.com.my.
BIMB Invest is a licensed Islamic fund management company with more than 22 years of experience. Our commitment is to deliver consistent risk adjusted returns by combining sound investment and strong corporate governance. We are currently managing about RM1.1 billion (as of 28 February 2017) in Asset under Management (AuM) of Shariah-compliant assets covering equity, Sukuk and money market.
BIMB Invest is part of the Malaysia International Islamic Financial Centre (“MIFC”) community. Malaysia's Islamic finance marketplace provides an enabling environment for thought leadership, proliferation of ideas and innovation of cross-border products and services.
For more information, please contact 1-800-88-1196 or visit bimbinvestment.com.my
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