MAAKL DECLARES GROSS DISTRIBUTIONS FOR 3 FUNDS ( CONSERVATIVE FUNDS

MAAKL DECLARES GROSS DISTRIBUTIONS FOR 3 FUNDS ( CONSERVATIVE FUNDS )


Dear Business Partner,MAAKL Declares Gross Distributions for Three Funds§ 3.50 sen per unit for MAAKL Bond Fund§ 3.50 sen per unit for MAAKL As-Saad§ 2.50 sen per unit for MAAKL Money Market FundKUALA LUMPUR,



2 NOVEMBER 2009 – MAAKL today declared gross distributions for three of its unit trust funds for the financial year ended 31 October 2009.



The gross distributions are as follows:Fund Gross Distribution Gross Distribution Yield*MAAKL Bond Fund 3.50 sen 4.18 %

MAAKL As-Saad 3.50 sen 3.21 %

MAAKL Money Market Fund 2.50 sen 2.42 %



*Based on average net asset value per unit from 1 November 2008 to 22 October 2009.All unit holders who maintained their units in MAAKL Bond Fund, MAAKL As-Saad and MAAKL Money Market Fund as at 31 October 2009 are entitled to the distributions.



According to Mr. Wong Boon Choy, Chief Executive Officer and Executive Director of MAAKL Mutual, “We are very pleased to declare gross distributions of 3.50 sen per unit for both MAAKL Bond Fund and MAAKL As-Saad and 2.50 sen per unit for MAAKL Money Market Fund.



”The distributions declared translate into distribution yields of 4.18%, 3.21% and 2.42% for MAAKL Bond Fund, MAAKL As-Saad and MAAKL Money Market Fund respectively.Mr. Wong added, “For the 1-year period ended 23 October 2009, MAAKL Bond Fund, MAAKL As-Saad and MAAKL Money Market Fund achieved a total return of 5.19%, 6.14% and 2.41%** respectively.



Each Fund has managed to achieve its investment objective.”MAAKL Bond Fund seeks to provide unit holders with higher than average returns compared to fixed deposits in medium-to long-term periods by investing in bonds and other fixed income securities with minimum risk to capital invested.



The Fund is designed for investors who prefer a lower level of risk and is suitable for investors who are less concerned on capital appreciation but seek consistent, reasonable and stable income distribution from their investments.MAAKL As-Saad is an Islamic bond fund that aims to provide unit holders with higher than average returns compared to fixed deposits in medium- to long-term periods by investing in bonds and other fixed income securities which are Shariah-compliant.



The fund is designed for investors who prefer to invest in sukuk with a lower level of risk and is suitable for investors who are less concerned on capital appreciation but seek consistent, reasonable and stable income distribution from their investments that comply with Shariah requirements.



MAAKL Money Market Fund is designed for investors who are conservative in nature and are temperament towards risk-reward trade-off. These investors should have short-term investment horizon of less than 1 to 3 years and wish to temporarily liquidate or reduce exposure in equities. The Fund seeks to provide investors with liquidity and current income while maintaining capital stability.**Source: Lipper Global Fund Database, 26 October 2009
Posted by nadirina at 7:28 PM 0 comments Links to