More News
RETAIL FUNDS | Cesar Tordesillas, Malaysia
view(s)

Permodalan BSN aims to generate consistent revenue with new fund

Permodalan BSN Bhd aims to provide consistent revenue with its new trust fund by investing in stocks, which yield regular dividends.

The group's Chairman Datuk Azizan Abd Rahman said the syariah-compliant BSN Dana Dividend Al-Ifrah would offer 800 million units at 25 sen each.

"As an equity fund, Al-Ifrah will have high equity exposure by investing a minimum of 70 per cent of the net asset value in syariah-compliant equities listed on Bursa Malaysia," he said.

The fund aims to touch RM200 million in the next three years, according to CEO Kamarul Izam Idrus, who added that the Al-Ifrah fund would try to minimise risks to unitholders in order to avoid big losses.

For more.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.