BIMB INVESTMENT DECLARES 8% DISTRIBUTION YIELD FOR BIMB-ARABESQUE i GLOBAL DIVIDEND FUND 1
Exceeding target benchmark of 6% for two consecutive years.
KUALA LUMPUR, Friday, 23 March 2018 – BIMB Investment Management Berhad (“BIMB Invest”), a wholly-owned subsidiary of Bank Islam Malaysia Berhad, declared 8% (MYR and USD class) income distribution yield for its multi-currency global Shariah-ESG equity fund, the BIMB-Arabesque i Global Dividend Fund 1(“Fund”), exceeding its benchmark target of 6% and higher than last year’s income distribution yield of 7.1% for MYR class and 6.9% for USD class.
BIMB Invest’s Chief Executive Officer (CEO), Encik Najmuddin Mohd Lutfi said, “ Since the Fund was launched in November 2015 until Feb 2018, the Fund has delivered a total return of 30.63% and 19.14% for USD and MYR class respectively. To date, the Fund is the largest Islamic Global Equity Fund in Malaysia with a total fund size of about RM330 million. As at 2 March 2018, the Fund ranks number one in the Lipper league table for Islamic Global Equity category for one-year return. The Fund is also the first Islamic Global Equity Fund in Malaysia that uses artificial intelligence and machine learning in portfolio construction and the first Islamic Global Equity Fund in Malaysia that integrates Shariah principles and the Environmental, Social and Governance (“ESG”) criteria”
Najmuddin added “We thank our investors for their support and remained invested in our Fund. We are pleased to have delivered 8% for both MYR and USD class income distribution yield, exceeding the target benchmark of 6% for two consecutive years and delivered higher than last year’s income distribution”
According to Najmuddin, 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 ESG data to invest in companies with sustainable financial future. It applies more than 200 ESG parameters through more than 50,000 sources across 15 languages globally in its ESG assessment processes.
With Islamic fund management experiences of more than 20 years, BIMB Invest is a community member of Malaysia International Islamic Financial Centre (“MIFC”). It is Malaysia’s Islamic finance marketplace that provides an enabling environment for thought leadership, proliferation of ideas and innovation of cross-border products and services.
Offering greater ease to the investors, the Fund is available at Bank Islam, Maybank, CIMB Private Banking, Kenanga Investment Bank Berhad, Phillip Capital, Fundsupermart.Com and through BIMB Invest’s consultants nationwide.
For more information, please contact 1-800-88-1196 or visit bimbinvestment.com.my
BIMB Investment Management Berhad (“BIMB Invest”) is a wholly-owned subsidiary of Bank Islam Malaysia Berhad. 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 RM1.5 billion (as of 23 March 2018) in Asset under Management (AuM) of Shariah-compliant assets covering equity, Sukuk and money market.
BIMB Invest was recently honoured with Malaysia’s Best Asset & Fund Manager 2017 for the 11th Annual Best Financial Institution Awards in Southeast Asia by Alpha Southeast Asia, the first and only regional awards, based in Hong Kong – that focuses purely on Southeast Asia. The award is in recognition of BIMB Invest as the largest, most innovative Islamic asset manager and a leading emerging Shariah-ESG (Environment, Social & Governance) fund house with an unrivalled local footprint and reach.
Currently, BIMB Invest has launched three series of funds in collaboration with Arabesque Partners that covers three geographical areas of global, Malaysia and Asia Pacific equities. BIMB-Arabesque i Global Dividend Fund 1 was launched in Nov 2015, BIMB-Arabesque Malaysia Shariah-ESG Equity Fund in March 2017, and recently BIMB-Arabesque Asia Pacific Shariah-ESG Equity Fund in February 2018.
Issued by: Group Corporate Communications, BIMB Holdings Berhad / Bank Islam Malaysia Berhad
Enquiries: Wan Norkhairi Wan Samad, Head, Group Corporate Communications
BIMB Holdings Berhad /Bank Islam Malaysia Berhad
Tel: +603 – 27821232
Fax: +603 – 20888110
Omar Atin, Media Relations & Editorial, Group Corporate Communications
Tel.: +603 – 27812943 / +6019 – 3919144
Fax: +603 – 27812998
Nabil Fikri Hussin, Corporate and Retail Business
BIMB Investment Management Berhad
Tel: +603 21612524
The Sundaily – BIMB Invest declares 8% yield for BIMB-Arabesque i Global Dividend Fund 1