Kenanga Investors Launches New Global Real Asset Fund
KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 3 June 2025 - Kenanga Investors Berhad (" Kenanga Investors") has announced the launch of the Kenanga Alternative Series: Global Real Assets Fund (" KASGRAF"), a new addition to its Kenanga Alternative Series (" Series"). The KASGRAF is an open-ended retail fund designed to achieve steady growth by diversifying investments across global real assets through carefully selected exchange-traded funds (" ETFs").
The Fund's ETF exposure is managed by GAX MD Sdn Bhd (" GAX MD" or " External Fund Manager"), which employs sophisticated algorithms and advanced investment models to ensure precise and effective management of global real assets. GAX MD is also the creator of MYTHEO, a digital investment management platform launched in Malaysia since 2019.
"The introduction of the KASGRAF enables Kenanga Investors to provide investors with enhanced growth opportunities through well diversified, global investment strategies. Amidst the complex economic landscape of today, the value of physical assets such as real estate, commodities and precious metals often appreciate, enabling investors to maintain the real value of their wealth. By integrating real assets into our portfolios, we offer our investors a robust hedge against market uncertainties and a means to achieve steady returns due to its sustainable growth potential", said Datuk Wira Ismitz Matthew De Alwis, Executive Director and Chief Executive Officer of Kenanga Investors.
"Our partnership combines Kenanga Investors' extensive asset management expertise with GAX MD's advanced quantitative modelling capabilities, creating a strategy based on a systematic, data-driven and cost-efficient approach to portfolio construction that optimises performance while strengthening diversification and risk management", he elaborated.
KASGRAF aims to achieve a steady growth of investment assets and realise stable income, making it an ideal choice for investors with medium-term investment horizons. The fund's core strategy involves investing primarily in ETFs linked to a diverse array of real assets. This includes sectors such as real estate, precious metals and commodities. By diversifying across these areas, KASGRAF helps to mitigate risk while enhancing the potential for returns. The Fund is available for subscription in MYR with a minimum initial investment amount of RM1,000.
"We are excited to partner with Kenanga Investors in bringing our advanced proprietary algorithms to a wider audience. ETFs allow investors to access a diverse range of asset classes including real estate, commodities and precious metals, without the high costs and complexities of direct ownership. For optimal selection, the Fund's strategy follows a rigorous screening process based on key factors such as liquidity, expense ratios and tracking efficiency. By combining data-driven analysis with a structured ETF selection process, the strategy maximises efficiency while maintaining flexibility to adapt to evolving market conditions. At GAX MD, we are excited to contribute to the success of KASGRAF and its investors, empowering them to navigate the complexities of the market with confidence", said Ronnie Tan, Managing Director and Chief Executive Officer of GAX MD.
The launch of the Series aligns with Kenanga Investors' longstanding goal of offering diverse investment solutions to meet investors' varying needs/objectives. In addition to KASGRAF, the Series also includes the Kenanga Alternative Series: Income Opportunities Fund and Kenanga Alternative Series: Islamic Global Responsible Strategies Fund. Each fund offers unique benefits, allowing investors to diversify and hedge their portfolios according to their needs. This commitment to innovative products has earned the firm recognition for its expertise in alternatives investments. This year it received the Malaysia Best House for Alternatives award from Asia Asset Management's 2025 Best of the Best Awards for the sixth time.
For more information about Kenanga Investors, please visit www.kenangainvestors.com.my.
Hashtag: #Kenanga
The issuer is solely responsible for the content of this announcement.
Kenanga Investors Berhad 199501024358 (353563-P)
We provide investment solutions ranging from collective investment schemes, portfolio management services, alternative investments, as well as wills and trusts for retail, corporate, institutional, and high net worth clients via a multi-distribution network.
The Morningstar Awards 2025 has recognised the Kenanga Blue Chip Fund as Best Malaysia Large-Cap Equity Fund. The Bursa Excellence Awards 2024 awarded KIB's exchange-traded funds' arm, Eq8 Capital Sdn Bhd with the Special Award – Thought Leadership for launching Eq8WAQF, the world's first Waqf-featured Exchange Traded Fund. Introduced under a newly established category, the award highlights innovations that are reshaping the investment landscape.
At the LSEG Lipper Fund Awards Malaysia 2025, KIB received awards for the Kenanga DividendEXTRA Fund ("KDEF") under the Best Equity Malaysia Diversified – Malaysia Funds over 3 years, Kenanga Malaysian Inc Fund ("KMIF") under the Best Equity Malaysia Diversified – Malaysia Provident Funds over 10 years, Kenanga Balanced Fund ("KBF") under the Best Mixed Asset MYR Balanced – Malaysia Provident Funds over 10 years, Kenanga Managed Growth Fund ("KMGF") under Best Mixed Asset MYR Flexible – Malaysia Provident Funds over 10 years, and Kenanga SyariahEXTRA Fund ("KSEF") under the Best Mixed Asset MYR Balanced – Malaysia Islamic Funds Awards over 10 years.
The Hong Kong-based Asia Asset Management's 2025 Best of the Best Awards awarded KIG under the following categories, Malaysia Best Impact Investing Manager, Best Impact Investing Manager in ASEAN, Malaysia Best Equity Manager, Malaysia CEO of the Year (Co-Winner), Malaysia CIO of the Year, Malaysia Best House for Alternatives, Malaysia Best ESG Engagement Initiative, Malaysia Fund Launch of the Year, and Malaysia Best Retail Asset Management Company.
The FSMOne Recommended Unit Trusts Awards 2024/2025 has awarded the Kenanga Growth Fund Series 2 with the "Sector Equity – Malaysia Focused" award for the third consecutive year since 2022. We were also recognised at The BrandLaureate BestBrands Awards 2024 - Brand of the Year under the category Wealth Management & Investment Solutions. For the eighth consecutive year, KIB was affirmed an investment manager rating of IMR-2 by Malaysian Rating Corporation Berhad, since first rated in 2017. The IMR rating on KIB reflects the fund management company's well-established investment processes and sound risk management practices.
This Press Release was issued by Kenanga Group's Marketing, Communications & Sustainability department.
Kenanga Investment Bank Berhad
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
4 hours ago
- Khaleej Times
NRIs in UAE: How to file Income Tax Return online, complete step-by-step guide
Do you live in the UAE and earn income in India? Here's some good news, the deadline for filing your Income Tax Return (ITR) has been extended to September 15, 2025. The extension aims to give taxpayers more time to ensure accurate filing and full compliance with tax regulations. Non-Resident Indians most commonly file for ITR-2, of all the types. Below is a step-by-step guide on how you can file your ITR online. This process begins after you've completed the pre-filing stage, where you're required to enter all relevant income and tax-related information. 1. Log in to the e-Filing portal Visit the official e-Filing portal and log in using your PAN (as User ID), password, and captcha code. 2. Begin the Filing Process Once logged in, go to your dashboard and navigate to: e-File > Income Tax Returns > File Income Tax Return If your PAN is not linked with Aadhaar, a warning message will pop up indicating that your PAN is inoperative. You can either click 'Link Now' to link it immediately or proceed (not recommended). 3. Choose the assessment year Select Assessment Year 2024–25 and click 'Continue'. 4. Select mode of filing Choose 'Online' as your preferred mode and proceed. If you've started a return previously, you'll see the option to 'Resume Filing'. To discard the existing draft and begin anew, click 'Start New Filing'. 5. Specify your filing status Choose the category that applies to you: Individual, HUF, or Others. Click 'Continue'. 6. Select the appropriate ITR form You have two options: Help me decide: Let the system guide you based on your responses to simple questions. I know which ITR form I need: If you're sure, select the correct form from the dropdown and proceed. If you're unsure about which ITR form, schedules, or deductions apply to you, the guided option is the safer choice. 7. Review required documents Before proceeding, you'll see a checklist of documents needed. Click 'Let's Get Started' to continue. 8. Review and edit pre-filled data Your personal details and other information may already be pre-filled from previous records. Review this carefully, make any necessary changes, and complete the additional fields. Click 'Confirm' after each section. 9. Enter income and deduction details Provide your income details from salary, interest, business/profession, etc., and claim applicable deductions under various sections (e.g., 80C, 80D). After completing all sections, click 'Proceed'. 10. Tax Summary and Payment If tax is payable You will see a summary of your tax computation. You can either: Pay now Pay later: But this may attract interest or penalty and flag you as a defaulter. If no tax is payable or a refund is due If there is no tax liability or if you're eligible for a refund, click 'Preview Return' to proceed. 11. Make payment (if applicable) If you chose to 'Pay Now', a message will appear confirming redirection to the 'e-Pay Tax Service'. Click 'Continue', complete the payment, and return to the filing portal. 12. Return to filing dashboard After successful payment, click 'Return to Filing' to resume the ITR submission process. 13. Preview your return Click 'Preview Return' and review the full summary of your inputs. 14. Make declaration Enter your place of residence, tick the Declaration checkbox, and click Proceed to Preview. If you haven't used a Tax Return Preparer (TRP), leave those fields blank. 15. Final review and validation Go through your return one last time and click 'Proceed to Validation'. 16. Error check If errors are detected, you'll need to correct them before submission. If there are no errors, proceed to verification. 17. Verify your return On the 'Complete Your Verification' page, choose your preferred verification method and click 'Continue'. - e-Verification is the easiest, safest, and fastest method. If your PAN is still inoperative, you'll see a reminder to link it with Aadhaar. - If you choose 'e-Verify Later', ensure the return is verified within 30 days of filing, or it will be treated as invalid. 18. Complete e-Verification You can e-Verify using options such as: All done! Once verification is complete:
Khaleej Times
8 hours ago
- Khaleej Times
Indian authorities issue watchlist order against Anil Ambani in Rs30-million fraud case
Anil Ambani, Chairman of the Reliance Group, is facing fresh legal trouble as the Enforcement Directorate (ED) has issued a lookout circular against him in connection with a suspected loan fraud worth Rs30 million (Dh1.2 million), according to a report by NDTV citing official sources. The move comes on the same day the businessman was summoned by the agency for questioning. He has been asked to appear before the ED on Tuesday (August 5). A lookout circular is typically issued by Indian authorities to prevent individuals from fleeing the country to dodge legal action. It is distributed to all immigration checkpoints — including airports and seaports — and alerts authorities to detain the individual if they attempt to leave Indian borders. The case under investigation involves loans granted by Yes Bank to Reliance Group companies between 2017 and 2019. The ED suspects that roughly Rs30,000,000 million (Dh1.2 million) was diverted from these loans. Officials believe there may have been a quid pro quo, as payments were allegedly made to Yes Bank's promoters shortly before the loans were approved. The ED on July 24 launched widespread raids at over 50 locations linked to the case. These raids, conducted under the Prevention of Money Laundering Act, reportedly continued for three days. Despite the mounting scrutiny, Reliance Power and Reliance Infrastructure issued statements to stock exchanges asserting that the ED's raids have had "absolutely no impact" on their business operations, financial health, or stakeholders. "The media reports appear to pertain to allegations concerning transactions of Reliance Communications Limited (RCOM) or Reliance Home Finance Limited (RHFL) which are over 10 years old," the companies had said. Expanding its investigation, the ED has also started probing a separate case involving an alleged fake bank guarantee worth Rs682 million (Dh28.7 million). According to officials, a company called Biswal Tradelink — which allegedly managed a network of shell companies — issued a fraudulent bank guarantee to the Solar Energy Corporation of India (SECI). The scam reportedly involved a spoofed domain (' made to closely resemble that of the State Bank of India (' which was then used to send fake emails and documents meant to mislead SECI and other entities.
The National
14 hours ago
- The National
UAE Property: ‘Is it a good time to buy off-plan in Dubai?'
Question: I am interested to know whether now is still a good time to buy off-plan in Dubai, or should buyers wait for secondary-market discounts? GP, Dubai Answer: Despite the price appreciation over the past few years, I believe now is still a great time to buy a property in Dubai because the market is not going to slow down any time soon. Let's look at the off-plan market first. Dubai's off-plan market remains highly appealing for long-term investors and occupants alike, thanks to attractive pricing, payment flexibility and robust end-user demand. Mid-market and suburban communities such as Jumeirah Village Circle and Dubai South saw asking prices surge over 20 per cent year-on-year in the second quarter of 2025, while luxury villas recorded nearly 10 per cent gains. Against this backdrop, off-plan projects continue to offer developers' incentives that secondary resale cannot match. Some developers absorb Dubai Land Department transfer fees (4 per cent of value) through discounts and other benefits. These alone narrow the gap between launch and resale by 3 per cent to 5 per cent. When you add post-handover payment plans that defer up to 40 per cent to 60 per cent of the purchase price post completion, off-plan becomes an even more compelling proposition. With as little as a 5 per cent to 10 per cent down payment at reservation, followed by milestone payments tied to the payment plan, topping out and handover, buyers can hedge against further interest rate reductions. This staged cash flow is invaluable in today's volatile mortgage market, which is pegged to the US Federal Reserve, allowing you to secure tomorrow's pricing without locking up your entire capital. Secondary market 'bargains' are around, but they are few and far between. When you do find one, they are typically 3 per cent to 5 per cent below launch rates pre handover but these prices vanish within weeks as handover approaches and investor appetite spikes. Buying from the resale market makes sense only if you need immediate occupancy, rental income from day one, or wish to avoid any off-plan late delivery risk. Negotiating with an emotional seller can also sometimes prove difficult, especially if they have unrealistic valuations of their property. The Dubai real estate market has for some time been dominated by off-plan sales. For investors focused on maximum capital appreciation and cash flow management, off-plan remains the best choice. But remember to choose master-planned, blue-chip communities with strong presales and track records. Insist on escrow-backed projects and documented completion guarantees in the sales and purchase agreements. In summary, off-plan today locks in future growth at current prices, while resale must compete on limited timing-based discounts and immediate yield needs. The market is in good health and so as long as your needs are met, you shouldn't go wrong. Q: I've received my annual service charge statement for my Dubai apartment and the fees have jumped by over 20 per cent compared to last year. There's no detailed breakdown and am uncertain whether these increases are justified. What rights do I have as an owner to challenge or appeal against these charges? How can I ensure full transparency over how they're calculated? GW, Dubai Watch: Umm Al Quwain: Small emirate with big beach dreams A: Under Dubai's Strata Law (Law No 27 of 2007, amended by Law No 6 of 2019), every jointly owned property must be managed transparently. Here's how you can enforce your rights: Obtain the detailed budget from the managing agents or developer. You should ask for an itemised service charge budget, showing line-by-line costs (security, landscaping, cleaning, utilities and reserve fund contributions). Once you know the details, submit a request to the managing agent or developer. They should respond within 15 days. Review the owners' association governance. Have you ever attended an annual general meeting? You should receive at least 15 days' notice of an AGM, along with all budget documents. As an owner, you have voting rights on the proposed budget. If the majority rejects it, the managing agent must revise and circulate a new proposal. Join or call an extraordinary general meeting (EGM). An owners' association can be formed when at least 80 per cent of units are sold. Owners can register an association with the Dubai Land Department (DLD). Owners representing at least 25 per cent of the total unit value can call for an EGM to address specific issues – for example, revising service charges or replacing the managing agent. If the AGM or EGM processes fail or you do not have access to budgets, you can escalate to the Dispute Resolution Committee by filing a complaint. You will need copies of all correspondence, AGM notices and your formal budget breakdown request. To strengthen your case, you will need some document comparisons, so benchmark against neighbouring communities to show how much they pay per square foot. Check the accounts yourself if you suspect misallocation such as duplicate invoices, or hire an independent auditor – the costs may be recoverable. Find out whether others in the building feel the same and if so, co-ordinate with other concerned owners because sometimes group complaints carry more weight. Timelines to be aware of are: 15 days to receive the budget after a written request, AGM held annually (with 15 days' notice) and 30 days to file a dispute after the AGM vote. Insisting on full transparency, leveraging your owners' association rights and, if necessary, appealing to the DLD should ensure service charges remain fair and reflective of actual costs.
