logo
Kenanga Investors Launches New Global Real Asset Fund

Kenanga Investors Launches New Global Real Asset Fund

The Sun03-06-2025
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.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Sejahtera MADANI raises RM120 million to end poverty in Malaysia
Sejahtera MADANI raises RM120 million to end poverty in Malaysia

The Sun

time2 hours ago

  • The Sun

Sejahtera MADANI raises RM120 million to end poverty in Malaysia

PUTRAJAYA: The Malaysia MADANI People's Wellbeing Initiative (Sejahtera MADANI), launched today to end poverty, has successfully raised nearly RM120 million, Prime Minister Datuk Seri Anwar Ibrahim announced. Speaking at the launch, Anwar, who is also Finance Minister, said the initiative had received overwhelming support from the private sector, surpassing its initial fundraising target of RM50 million. 'I said if Sejahtera MADANI could raise RM50 million, that would already be a success, and the government could top it up a bit, but today the response has not just doubled, it's gone far beyond that. 'The initiative has now raised nearly RM120 million. This is a meaningful project, and we want to drive this nation to become strong and great,' he said. Present at the event were Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi, Minister of Housing and Local Government Nga Kor Ming, Minister of Women, Family and Community Development Datuk Seri Nancy Shukri and Chief Secretary to the Government Tan Sri Shamsul Azri Abu Bakar. Anwar also reiterated his MADANI Government's commitment to ending hardcore poverty in Malaysia through coordinated efforts and strategic approaches. 'My target, together with the Cabinet, is to end hardcore poverty. Based on data from 2023 to 2024, we've made significant progress. Even though new cases may emerge, the overall numbers are far lower than before,' he said. The Prime Minister also praised the commitment of all stakeholders, particularly the private sector and Islamic religious councils, for working alongside the government to tackle one of the country's most persistent issues. Sejahtera MADANI is a national initiative aimed at assisting poor and hardcore poor households registered under the National Poverty Database or the eKasih system. Coordinated by the Implementation Coordination Unit of the Prime Minister's Department (ICU JPM), the initiative consolidates various aid interventions across ministries, agencies, and private entities for a focused and integrated poverty eradication strategy. In a statement issued at the launch, ICU JPM described Sejahtera MADANI as being anchored on a 'whole-of-nation approach,' enhanced with high-impact and sustainable programs targeting both heads of households and household members under the eKasih system. The initiative focuses on four key areas, namely income generation, education, housing, and social welfare. The government is targeting RM100 million in corporate social responsibility (CSR) contributions for Sejahtera MADANI, all of which will be channelled to the People's Wellbeing Fund managed by ICU JPM. 'All CSR contributions under this initiative qualify for income tax deductions under Subsection 44(6) of the Income Tax Act 1967,' the statement read. As of July 15, a total of 306,403 heads of households are registered in the eKasih database nationwide, comprising 1,017 classified as hardcore poor and 305,386 as poor. - Bernama

Batik Air To Launch Direct Flights Between Kuala Lumpur And Palembang
Batik Air To Launch Direct Flights Between Kuala Lumpur And Palembang

Rakyat Post

time2 hours ago

  • Rakyat Post

Batik Air To Launch Direct Flights Between Kuala Lumpur And Palembang

Subscribe to our FREE Batik Air is excited to announce the upcoming launch of direct flights between Kuala Lumpur and Palembang, marking another milestone in the airline's continued expansion across Indonesia. Scheduled to commence on 12 September 2025, the new service will further strengthen air connectivity between Malaysia and Indonesia, while enhancing Kuala Lumpur International Airport's role as a key gateway for Umrah and international travel. This new route brings Palembang, the South Sumatra's capital and one of Indonesia's most historically significant cities into Batik Air's growing network, which already includes Jakarta, Bali, Batam, Surabaya, Medan, Lombok and Pekanbaru. The Kuala Lumpur–Palembang service will be operated with Batik Air B737-800 aircraft, offering both Economy and Business Class cabins. Batik Air Chief Executive Officer, Datuk Chandran Rama Muthy, said Indonesia continues to be one of the strongest markets, and the airline is pleased to bring Palembang into its expanding network. 'This new route reflects our ongoing efforts to connect more cities across the archipelago directly to Kuala Lumpur, offering travellers greater flexibility, convenience, and access to global destinations. Kuala Lumpur International Airport is developing into a leading hub for Umrah and international travel, and we're proud to support this growth by adding more strategic gateways like Palembang to our network,' he added. Palembang is among the oldest cities in Southeast Asia, with a rich heritage tracing back to the Srivijaya Empire. Set along the iconic Musi River, the city is renowned for its historic Ampera Bridge, charming floating markets, traditional songket weaving, and culinary specialities such as pempek, a beloved South Sumatran fishcake. While steeped in cultural heritage, Palembang is also an emerging industrial and economic centre, making it a dual-purpose destination for both leisure and business travellers. For Malaysian and international passengers flying through KLIA, the new route offers an exciting opportunity to explore a lesser-known Indonesian gem. Meanwhile, travellers from Palembang and surrounding areas now have a convenient and comfortable option to reach Kuala Lumpur and beyond. With KLIA already serving as Batik Air's primary Umrah hub, this route adds a valuable connection for Indonesian Muslims embarking on pilgrimages to Saudi Arabia. In 2024, Batik Air carried over 120,000 Umrah-bound passengers including from across Indonesia, a number expected to increase further with new direct services like this. With each new route, Batik Air continues to bridge communities, cultures, and countries, bringing Southeast Asia closer together and elevating Kuala Lumpur's standing as a key regional aviation hub. For more information and to plan your next journey, download Batik Air mobile app or visit Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.

Kinergy's subsidiary gets SEDA FiT 2.0 nod for 2 hydropower projects with 21-year fixed tariff
Kinergy's subsidiary gets SEDA FiT 2.0 nod for 2 hydropower projects with 21-year fixed tariff

Focus Malaysia

time2 hours ago

  • Focus Malaysia

Kinergy's subsidiary gets SEDA FiT 2.0 nod for 2 hydropower projects with 21-year fixed tariff

KINERGY Advancement Bh (KAB), a Main Board-listed one-stop provider of sustainable energy and engineering solutions, has successfully secured feed-in approvals for two hydropower projects under the Sustainable Energy Development Authority's (SEDA) FiT 2.0 initiative. Achieved through its wholly owned subsidiary KAB Energy Holdings Sdn Bhd, the latest milestone adds a total installed capacity of 8.04MW comprising two facilities with outputs of 5.2 megawatts (MW) and 2.84MW. Building on the success of the group's mini-hydropower project in Indonesia – acquired in August 2023 and also powered by run-of-river technology known for minimal environmental impact – the group is now expanding its hydropower footprint with two locally approved projects under the SEDA's FiT 2.0 programme. As these local projects advance, the SES segment will benefit from predictable, recurring revenue over a period of 21-year period through SEDA's structured tariff framework. With a fixed tariff of 34 sen/kWh for the first 10 years and 32 sen/kWh for the subsequent 11 years, the group's bold move to initiate its renewable energy (RE) portfolio through its mini-hydropower project in Indonesia is now translating into tangible growth and stronger local presence. 'This progression from Indonesia to Malaysia highlights our SES segment's scalability and synergy as we continue to unlock the growth potential of our sustainable energy portfolio,' commented KAB's group managing director Datuk Lai Keng Onn. 'The approval of over 8.0MW reflects a well-aligned regional strategy that reinforces the group's commitment to sustainable energy development across Southeast Asia.' Added Lai who is also KAB's executive deputy chairman: 'We aspire to continue contributing to Malaysia's energy transition goals by ensuring that each initiative delivers significant sustainable economic growth while strengthening our national energy security.' SEDA's FiT 2.0 initiative is designed to encourage investment in RE, drive job creation and accelerate Malaysia's transition towards more sustainable energy sources. The initiative's transparent online bidding process has enhanced industry participation, investor confidence and the development of renewable energy infrastructure nationwide. At the close of today's (July 24) mid-day trading break, KAB was down 0.5 sen or 1.52% to 32.5 sen with 4.24 million shares traded, thus valuing the company at RM691 mil. – July 24, 2025

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store