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Article: Inter-Pacific Asset unveils unit trusts worth RM350m
- Article from:
- New Straits Times
- Article date:
- July 26, 2007
- Author:
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Rupinder Singh
New Straits Times
07-26-2007
Inter-Pacific Asset unveils unit trusts worth RM350m
Byline: Rupinder Singh
Edition: Main/Lifestyle
Section: Business Times
Type: Company
INTER-PACIFIC Asset Management Sdn Bhd, part of Berjaya Corp Bhd, has launched three unit trusts with a combined fund size of RM350 million.
The new funds comprise two equity funds - the RM100 million InterPac Dana Safi and RM100 million InterPac Dynamic Equity Fund - and a money market fund, called the RM150 million InterPac Cash Fund.
Its chief executive officer Abdul Halim Noordin said the company aimed to distribute a 10 per cent yield for the equity funds and between 3.6 per cent and 3.7 per cent of annual ...