MARC as­signs ‘IMR-2’ to Ke­nanga In­vestors

New Straits Times - - Business -

KUALA LUMPUR: Malaysian Rat­ing Corp Bhd (MARC) has as­signed an in­vest­ment man­ager rat­ing of “IMR-2” to Ke­nanga In­vest­ment Bank Bhd’s fund man­age­ment arm Ke­nanga In­vestors Bhd (KIB).

The rat­ing re­flected its well-es­tab­lished in­vest­ment process, strong risk man­age­ment prac­tice and op­er­at­ing track record.

MARC said these fac­tors were coun­ter­bal­anced by KIB’s mod­er­ate size and fi­nan­cial pro­file. Its port­fo­lio com­prises 26 unit trust funds, 20 whole­sale funds and seven pri­vate re­tire­ment funds as at De­cem­ber last year.

Its as­sets un­der man­age­ment (AUM) stood at RM7.1 bil­lion, ac­count­ing for one per cent of to­tal AUM in Malaysia.

MARC said KIB’s AUM reg­is­tered a steady growth over the last two years and it ex­pected the pace to be main­tained over the medium term.

It said KIB’s in­vest­ment man­age­ment process as com­pre­hen­sive in­vest­ment anal­y­sis, sup­ported by ap­pro­pri­ate in­for­ma­tion sys­tems that al­lowed for me­thod­i­cal anal­y­sis and timely in­vest­ment de­ci­sions.

“KIB also ben­e­fits from shar­ing com­mon re­sources with its wholly-owned sub­sidiary Ke­nanga Is­lamic In­vestors Bhd,” it said.

MARC said KIB’s prof­itabil­ity had been af­fected by the re­cent weak mar­ket con­di­tions, which had weighed on its funds’ per­for­mance. Ad­di­tion­ally, given its mod­est AUM size, man­age­ment fees cov­ered its op­er­at­ing ex­penses.

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