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.
Affin Hwang Investment Bank is the first bank to be approved by Bursa Malaysia as an Approved Supplier and User under the Islamic Securities Selling and Buying Negotiated Transaction (“ISSBNT”) model, launched by Bursa Malaysia.
Affin Hwang Investment Bank, working with Bursa, has further boosted Malaysia’s position in the Islamic Capital Market industry by providing market participants with a shariah compliant alternative to conventional securities borrowing and lending activities.
Bursa Malaysia Berhad issued a consultation paper to seek public feedback on the proposed review of the Main Market Listing Requirements and Rules and Directives of Bursa Malaysia Securities Berhad in relation to Exchange-Traded Funds (ETFs).
The public consultation period will run from July 9 to July 23.