BIMB Investment declares 7.5% income distribution yield
KUALA LUMPUR, Wednesday, 1 November 2017 – BIMB Investment Management Berhad (“BIMB Invest”), a wholly-owned subsidiary of Bank Islam Malaysia Berhad, declared 7.5% income distribution yield for its income and growth fund, the BIMB i Dividend Fund (“the Fund”).
BIMB Invest’s Chief Executive Officer (CEO), Encik Najmuddin Mohd Lutfi said, “We thank our investors for their continuous support and investment in our fund and we are pleased to have delivered 7.5% income distribution yield. We are optimistic that the positive outlook for investment opportunities in Malaysia will continue in 2018. Our strong fund management processes has enabled us to consistently innovate to meet investors’ expectations. Our strategy of focusing on stock selection has worked very well in 2017 – as our portfolios and active stock selection outperformed the market substantially. The BIMB i Dividend Fund invests in Malaysia’s Shariah-compliant portfolio of dividend yielding equities with potential capital growth over the medium to long term.”
Najmuddin added “The Fund intends to maintain its current overweight strategy on export counters to position for share price appreciation as the market sentiment improves. Equity exposure level will also be maintained at around 95% – 98% to maximise the dividend and trading opportunities for the Fund as the stock market strengthens in 2017.”
“The BIMB i Dividend Fund declared a gross distribution of 1.54 sen per unit and as at 31 October 2017, the Fund saw a year-to-date (YTD) total return of 14.02%, exceeding the 6% per annum absolute return benchmark.”
Offering greater ease to the investors, the Fund can be subscribed from any Bank Islam 147 branches nationwide, BIMB Invest’s consultants and Phillip Mutual.
For more information, please contact 1-800-88-1196 or visit bimbinvestment.com.my