KUALA LUMPUR, Dec 20 (Bernama) -- Eastspring Investments Berhad today announced a 2:1 unit split for existing unit holders of the Eastspring Investments Dinasti Equity Fund (“Fund”). Unit holders who have maintained their holdings up to 19 December 2017 will be entitled for this unit split. This will be the first unit split exercise for the Fund since its inception.
The Fund has demonstrated considerable strength in its performance and a sustainable appreciation in value since its inception in 2009 (please see table below). As at 30 November 2017, the Fund’s Net Asset Value (NAV) per unit stood at RM1.8985.
* Dow Jones Islamic Market (DJIM) Greater China Index
Fund performance is sourced from Lipper for Investment Management and the benchmark is from www.djindexes.com, 30 November 2017. Performance is calculated on a Net Asset Value (“NAV”) to NAV to NAV basis with gross income or dividend re-invested. Past performance is not necessarily indicative of future performance.
This 2:1 unit split would lower the price of the Fund’s NAV per unit, making it more affordable for investors. With this unit split, investors will receive 2 units for every 1 unit held, while maintaining the value of their holdings. Where a unit split is declared, the Fund’s NAV per unit will be reduced from pre-unit split NAV to post-unit split NAV following the issue of additional units. The value of the investment in Malaysian Ringgit will remain unchanged after the unit split.
The Fund has demonstrated considerable strength in its performance and a sustainable appreciation in value since its inception in 2009 (please see table below). As at 30 November 2017, the Fund’s Net Asset Value (NAV) per unit stood at RM1.8985.
| Period | 1 Year | 3 Years | 5 Years | Since Inception 23 November 2009 | Volatility Factor (VF) | Volatility Class (VC) |
| Fund (%) | 29.05 | 72.70 | 104.37 | 105.74 | 12.3 | Very high |
| Benchmark* (%) | 25.68 | 62.54 | 119.07 | 113.65 |
* Dow Jones Islamic Market (DJIM) Greater China Index
Fund performance is sourced from Lipper for Investment Management and the benchmark is from www.djindexes.com, 30 November 2017. Performance is calculated on a Net Asset Value (“NAV”) to NAV to NAV basis with gross income or dividend re-invested. Past performance is not necessarily indicative of future performance.
This 2:1 unit split would lower the price of the Fund’s NAV per unit, making it more affordable for investors. With this unit split, investors will receive 2 units for every 1 unit held, while maintaining the value of their holdings. Where a unit split is declared, the Fund’s NAV per unit will be reduced from pre-unit split NAV to post-unit split NAV following the issue of additional units. The value of the investment in Malaysian Ringgit will remain unchanged after the unit split.
The Eastspring Investments Dinasti Equity Fund is a Shariah equity/growth fund that seeks to provide investors with long term capital appreciation from Shariah-compliant investments which have the exposure to the Greater China region.
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