News & Announcements

ValueCAP to launch two new funds soon
February 21, 2014 | Publication : The Malaysian Reserve

KUALA LUMPUR: Valuecap Sdn. Bhd. will launch two new funds next week and several more later this year.

ValueCAP’s wholly-owned i-VCAP Management Sdn. Bhd. will unveil the prospectus of the new fund on Feb 27.

Malaysia’s exchange-traded fund (ETF) market has been for the most part nascent with only five such funds available in the market for investors.

This is poised to change with a slew of funds to be launched this year and 2015.

With interest in property and other instruments slowing, ETFs provide a viable alternative for retail and institutional investors.

i-VCAP’s CEO Mahdzir Othman will brief on how the ETF will change the retail investment landscape in Malaysia and why it is another viable financial instrument or asset class to enhance investment strategy.

Globally, the ETF market is valued at US$2.3 billion (RM7.61 billion). ValueCAP commenced operations in 2003 and is equally owned by Khazanah Nasional Bhd, Permodalan Nasional Bhd and Retirement Fund Inc.

The company’s total funds for investments grew from RM5.1 billion in 2003 to RM7.5 billion at end-2012.

In 2012, ValueCAP posted net profit of RM1.1 billion, bringing its total net accumulated profits since 2003 to RM6.5 billion.

In terms of shareholders’ equity, from an initial paid-up capital of RM50 million, ValueCAP’s shareholders’ equity rose to RM7.2 billion by end-2012, according to the company’s website.