KUALA LUMPUR (May 3): Manulife Asset Management Services Bhd (MAMSB) declared dividends for four of its unit trust funds, with gross income distribution of each fund ranging from 0.91 sen per unit to 2.30 sen per unit.
The four unit trust funds are Manulife Investment Dividend Fund, Manulife Investment Shariah Progress Fund, Manulife Shariah-Dana Ekuiti and Manulife Shariah-Dana Sukuk.
MAMSB said its Manulife Investment Dividend Fund resulted a gross income distribution of 0.91 sen per unit, followed by Manulife Investment Shariah Progress Fund (2.3 sen per unit), Manulife Shariah-Dana Ekuiti (1 sen per unit) and Manulife Shariah-Dana Sukuk (1.7 sen per unit).
“We are pleased that Manulife Investment Dividend Fund and Manulife Investment Shariah Progress Fund have managed to deliver five-year returns of 30.48% and 59.14% respectively; while Manulife Shariah-Dana Ekuiti and Manulife Shariah-Dana Sukuk have delivered three-year returns of 10.91% and 10.44% respectively”, MAMSB’s chief executive officer and executive director Jason Chong said in a statement today.
“These results underline our continuous commitment in providing investors with the potential for a reasonable and consistent rate of return over the medium to long term,” he added.
For Manulife Investment Dividend Fund, MAMSB said it is the second semi-annual income distribution declared for the financial year ended April 30, 2018 (FY18), bringing the total annual income distribution to 2.51 sen per unit, which amounts to a distribution yield of 7.15%.
MAMSB said all unit holders who maintained their units in the four funds as at April 25, 2018 are entitled to receive the distributions.
Manulife Investment Dividend Fund is an equity income fund which aims to provide a steady recurring income that is potentially higher than the prevailing fixed deposit rates.
As for Manulife Investment Shariah Progress Fund, it is an Islamic equity growth fund, which seeks to provide unit holders with steady long-term capital growth at a reasonable level of risk by investing in a diversified portfolio of small- to medium-capitalised Shariah-compliant equities and equity-related instruments.
On the other hand, Manulife Shariah-Dana Ekuiti is a Shariah equity growth fund which aims to achieve capital growth over the medium to long term by investing primarily in Shariah-compliant securities, while Manulife Shariah-Dana Sukuk is an Islamic bond, income and growth fund which seeks to maximise return through a combination of income and capital appreciation over the medium to long term by investing primarily in sukuk.
A fund and money manager, MAMSB is a wholly-owned subsidiary of the Main Market-listed Manulife Holdings Bhd. It offers a comprehensive range of 46 unit trust and private retirement scheme funds, with asset classes comprising of equity, fixed income and money market instrument.
Manulife shares were not traded as at the time of writing. It was last traded at RM2.90, for a market capitalisation of RM586.873 million.