logo
Kenanga launches global real asset fund

Kenanga launches global real asset fund

The Sun03-06-2025
KUALA LUMPUR: Kenanga Investors Bhd has launched the Kenanga Alternative Series: Global Real Assets Fund (Kasgraf), a new addition to its Kenanga Alternative Series.
The Kasgraf is an open-ended retail fund designed to achieve steady growth by diversifying investments across global real assets through selected exchange-traded funds (ETFs).
The fund's ETF exposure is managed by Gax MD Sdn Bhd, which uses sophisticated algorithms and advanced investment models to ensure precise, effective management of global real assets.
Gax MD is also the creator of MYTHEO, a digital investment platform launched in Malaysia since 2019.
'The introduction of the Kasgraf enables Kenanga Investors to provide investors with enhanced growth opportunities via 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 Kenanga Investors executive director and CEO Datuk Wira Ismitz Matthew De Alwis.
He added that their 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.
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.
Gax MD managing director and CEO Ronnie Tan explained that the 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, he added 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 Tan.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Kapit's first woman-owned laundry, homestay opens thanks to Mara
Kapit's first woman-owned laundry, homestay opens thanks to Mara

Borneo Post

time21 minutes ago

  • Borneo Post

Kapit's first woman-owned laundry, homestay opens thanks to Mara

Rubiah (left), accompanied by Lucy (second from left), touring the newly opened Bunggas Laundry, while Zahari looks on. KAPIT (Aug 17): The soft opening of Bunggas Laundry and Bunggas Homestay here yesterday marked a significant milestone for women entrepreneurs in the region, with the business hailed as a shining example of local enterprise success backed by Majlis Amanah Rakyat (Mara). Officiated by Deputy Minister of Rural and Regional Development, Datuk Rubiah Wang, the event celebrated the achievements of Bumiputera entrepreneur Lucy Jah Iba, who owns and manages the establishment. 'Women like Lucy are living proof that with proper support and determination, rural-based businesses can thrive and even lead in markets often dominated by others,' said Rubiah in her speech earlier. She praised Mara's role in enabling women entrepreneurs to move forward through financial assistance, training, and development programmes under the Ministry of Rural and Regional Development. Lucy, who began her entrepreneurial journey in the early 1990s, now runs multiple ventures under Syarikat Bunggas, including a cafe, construction and supply business, controlled goods distribution, and now, the latest additions of a laundry and homestay in Kapit town. 'Opening Bunggas Laundry and Bunggas Homestay has been a dream come true. 'This isn't just a business, it's about creating jobs, empowering locals, and showing that Bumiputera women can be pioneers in any industry,' said Lucy when met after the ceremony. According to Mara, Bunggas is the first Bumiputera woman-owned laundry and homestay in Kapit, a space typically dominated by non-Bumiputera entrepreneurs. Her business now employs over 30 staff and records annual sales exceeding RM1 million. With eyes set on future expansions, Lucy plans to open a 'Mini Mart' and even franchise a Petros petrol station, with the aim of offering more Rahmah Sales outlets and increasing Bumiputera participation in retail and service sectors in Kapit. 'Mara's financial support and training really helped shape our business journey,' Lucy added, citing the RM350,000 business loan, halal certification grants, and digitalisation assistance, including a Point Of Sales (POS) system for Bunggas Cafe and a booking system for the homestay. As of July 2025, 1,298 entrepreneurs in Sarawak have benefitted from Mara's support, with 56 per cent being women, underscoring the agency's role in promoting gender-inclusive economic development. The soft launch event was attended by over 50 guests, including Mara officials, local entrepreneurs, and community members. It ended with hopes of inspiring more women to pursue entrepreneurship and contribute to the rural economy. Bunggas Homestay Bunggas Laundry Kapit lead Lucy Jah Iba mara

Warning against buying aged military assets
Warning against buying aged military assets

The Sun

time2 hours ago

  • The Sun

Warning against buying aged military assets

PETALING JAYA: His Majesty the King of Malaysia Sultan Ibrahim has issued a stern warning to the Defence Ministry not to repeat past mistakes in procuring used military assets that may compromise the safety of military personnel. Speaking at the 60th Anniversary Parade of Rejimen Gerak Khas at Kem Iskandar in Mersing yesterday, Sultan Ibrahim cited the country's purchase of second-hand A-4 Skyhawk jets from the United States in the 1980s, which were eventually retired due to a high accident rate. 'Don't make the same mistake. Are we going to put our pilots in 'flying coffins'? Think for yourselves.' The King urged Defence Minister Datuk Seri Mohamed Khaled Nordin to cancel a proposed procurement of more than 30-year-old Black Hawk helicopters, warning that decisions based on the influence of agents or vested interests could endanger lives and waste public funds. 'I believe this keeps happening because the ministry is full of agents or ex-generals turned salesmen, even textile traders trying to sell drones.' The Royal Malaysian Air Force had acquired 80 units of the A-4 Skyhawk, developed by McDonnell-Douglas (now Boeing), from the United States in 1982 at US$1 million each. His Majesty emphasised the need for transparency and cost-efficiency in all defence acquisitions, while calling out past purchases made at inflated prices. He cited the example of a rigid raiding craft bought for RM5 million, saying a better vessel could have been sourced for under RM2 million. 'Do not waste money on items that don't meet military needs. If you don't know the market price, ask me.' The King also criticised the delay in completing Rejimen Gerak Khas' combat diving pool and urged the government to prioritise operational readiness with appropriate and timely equipment upgrades.

Malaysia Records 1.8 Million Chinese Tourist Arrivals In First 5 Months
Malaysia Records 1.8 Million Chinese Tourist Arrivals In First 5 Months

BusinessToday

time8 hours ago

  • BusinessToday

Malaysia Records 1.8 Million Chinese Tourist Arrivals In First 5 Months

Nearly 1.8 million visitors from China travelled to Malaysia between January and May this year, following the government's decision to introduce a visa waiver for Chinese nationals. Deputy Tourism, Arts and Culture Minister Khairul Firdaus Akbar Khan said the policy, which took effect in 2024, had driven a sharp rise in arrivals, from 1.6 million in 2023 to 3.4 million last year. 'Among these efforts, we invited more than 100 imams from China and Europe to experience first-hand Malaysia's Muslim-friendly tourism concept, which is suitable for people of all backgrounds and religions,' he told the Dewan Rakyat during the oral question-and-answer session today. He was replying to Datuk Muhammad Bakhtiar Wan Chik (PH–Balik Pulau), who had asked about the ministry's measures to attract Muslim tourists from China. Khairul Firdaus added that the ministry, together with the travel agency association, was actively pursuing promotional campaigns targeting Chinese tourists, particularly those seeking Muslim-friendly experiences. In response to a separate question from Wan Hassan Mohd Ramli (PN–Dungun) on ensuring the east coast states also benefit economically, the deputy minister said integrated promotions were being undertaken via Tourism Malaysia and the Islamic Tourism Centre (ITC). These, he said, highlighted attractions such as the Crystal Mosque to audiences in ASEAN, Europe, China, Japan and South Korea. 'However, it is also closely linked to the culture of the local community and when we are able to promote these elements, it will create spillover benefits for industries such as homestays, handicrafts and traditional foods,' he said.

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