FIRST INCOME DISTRIBUTION FOR ARECA ISLAMIC CASH FUND FOR FINANCIAL YEAR PERIOD 30 SEPTEMBER 2016
Petaling Jaya, 31 October 2016:
Areca Capital Sdn Bhd today declared first income distribution of 3.00 sen per unit for its Areca Islamic Cash Fund (AICF) for the financial year period 30 September 2016. The income distribution will be automatically reinvested into additional units of the fund at the fund’s net asset value per unit at the end of today.
AICF was launched in June 2015, the fund seeks to offer investors regular income. Since its inception, AICF has generated a total return of 4.1% as of 30 September 2016, as compared to its benchmark’s (Maybank Islamic 1 month REPO rate) total return of 3.5%.
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