MARKETS

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

 |  Wednesday, 05 April 2017 16:22  |  Published in MARKETS

Kuala Lumpur, April 5 – BIMB Investment Management Bhd (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 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%.”

Astro Achieves Growth in FY17

 |  Wednesday, 29 March 2017 10:42  |  Published in MARKETS

Astro Bhd achieved a net profit of RM623.7 million in FY17, up 1.3% from the previous year on revenue of RM5.6 billion. Total adex in FY17 grew 10% year-on-year to RM705mil, with digital adex registering a growth of 15%.

Its earnings before interest, taxes, depreciation and amortisation (Ebitda) fell 6% on a year-on-year basis to RM1.8 billion due to investments in key sports content and currency depreciation impacting content costs.

Eastspring Investments Launches Sixth Close-Ended Global Bond Fund

 |  Tuesday, 28 March 2017 10:48  |  Published in MARKETS

Kuala Lumpur, March 28 - Eastspring Investments Bhd announced the launch of the Eastspring Investments Target Income Fund 6 (“Fund”), the sixth in a series of close-ended global bond fund.

The Fund is a 5-year close-ended bond fund which aims to provide potential regular income distribution of 5.00% to 5.50% per annum[1] on investment amount less Goods and Services Tax (“GST”) with relatively lower volatility compared to equities. The targeted payout is derived from coupon income from bonds.

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