KUALA LUMPUR: MAAKL Mutual is expected to launch its first real estate investment trust (REIT) fund, the MAAKL Asia-Pacific REIT Fund (MAPREIT) today. The fund would focus primarily on REITs and infrastructure funds or trusts that are listed on approved Asia-Pacific stock exchanges, it said in a statement.
MAAKL Mutual chief executive officer Wong Boon Choy said the fund's manager would focus on 13 countries - China, Hong Kong, Indonesia, South Korea, Malaysia, the Philippines, Singapore, Taiwan, Thailand, Australia, Japan, India and New Zealand.
"Besides REITs, MAPREIT will also invest in infrastructure funds or trusts, focusing primarily on utilities, transportation/ logistics and communications," Wong said.
MAPREIT will invest up to 98% of its net asset value in Asia-Pacific REITs and infrastructure funds or trusts. A minimum 50% must be invested in Asia-Pacific REITs at all times, while the balance can be invested in infrastructure funds or trusts.
MAPREIT is suitable for low to medium risk level investors seeking investment exposure through a diversified portfolio of REITs and infrastructure funds or trusts within Asia-Pacific. MAPREIT has a fund size of 200 million units priced at 25 sen per unit during the offer period to June 27. The minimum initial investment is RM1,000 while the minimum additional investment is RM100.
Source:
http://biz.thestar.com.my/news/story.asp?f...06&sec=business