Ekuinas funds record gross port­fo­lio returns of RM798m

New Straits Times - - Business -

KUALA LUMPUR: Ekuiti Na­sional Bhd’s (Ekuinas) Ekuinas Di­rect (Tranche I) and the Ekuinas Di­rect (Tranche II) funds recorded gross port­fo­lio returns of RM466.4 mil­lion and RM331.6 mil­lion, re­spec­tively, for the fi­nan­cial year ended De­cem­ber 31 last year.

The growth in the Ekuinas Di­rect (Tranche I) fund rep­re­sented a gross an­nu­alised in­ter­nal rate of re­turn (IRR) of 13.1 per cent and a net an­nu­alised IRR of 9.4 per cent, ex­ceed­ing the longterm min­i­mum tar­geted an­nu­alised re­turn of 12 per cent.

The re­turn for the Ekuinas Di­rect (Tranche II) trans­lated into a gross an­nu­alised IRR of 18.1 per cent and a net an­nu­alised IRR of 12.7 per cent.

“We have done rea­son­ably well de­spite the chal­leng­ing eco­nomic en­vi­ron­ment. For the sev­enth year run­ning, Ekuinas has suc­ceeded in main­tain­ing its IRR above the min­i­mum tar­get of 12 per cent a year,” said chair­man Raja Tan Sri Ar­shad Raja Tun Uda, here, yes­ter­day.

Ekuinas un­der­took seven di­rect and out­sourced in­vest­ments with a to­tal com­mit­ment cap­i­tal of RM172.6 mil­lion last year.

The to­tal cu­mu­la­tive com­mit­ted in­vest­ments un­der­taken by Ekuinas amounted to RM3 bil­lion, which to­gether with pri­vate cap­i­tal, fa­cil­i­tated a to­tal cap­i­tal de­ploy­ment of RM3.6 bil­lion, said Raja Ar­shad. Bernama

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