FTSE Bursa Malaysia KLCI etf (FBM KLCI etf), Malaysia’s first equity Exchange Traded Fund (ETF) has announced an interim net income distribution of 0.5 sen per unit for the financial year ended December 31, 2018.

Investors are expected to earn income distribution payouts twice a year.

FBM KLCI etf is designed to follow the performance of FTSE Bursa Malaysia KLCI (“FBM KLCI”).

Investors can buy into FBM KLCI etf with a minimum trading size of 100 units.

Instead of buying 30 individual stocks, FBM KLCI etf would give an investor the exposure to a diversified basket of 30 largest Malaysian stocks without the challenge of specific company research.

“ETFs are listed on the main market of Bursa Malaysia and investors can buy and sell ETF units based on its current market price either online or via a remisier during trading hours. ETFs are also cost-efficient investment vehicles to buy and maintain in the long run as its annual management fees are lower compared to unit trust funds”, said AmInvest acting chief executive officer, Goh Wee Peng.

FBM KLCI etf is managed by AmInvest, the brand for the funds management business of AmInvestment Bank Berhad.

AmInvest also manages ABF Malaysia Bond Index Fund which is Malaysia’s only bond ETF.

Currently, AmInvest is the largest ETF provider in Malaysia with assets under management worth around RM1.5 billion.

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