KUALA LUMPUR, 29/6/2021 – Kenanga Investors Berhad (“Kenanga Investors”) announced the relaunch of two of its unit trust funds, the Kenanga Global Growth Fund (“KGGF”, formerly Kenanga Resource Equity Fund) and Kenanga Global Islamic Fund (“KGIF”, formerly Kenanga Islamic Fund) yesterday.
First launched in 2011, KGGF has been repositioned by shifting away from its previous focus on resource products such as energy, minerals, agriculture and related industries. The Fund now aims to achieve capital growth by investing primarily in global equities and equity-related securities with a secondary focus on fixed income securities, structured products and money market instruments. KGGF will be benchmarked to MSCI All Country World Index (“MSCI ACWI”), facilitating Kenanga Investors’ barbell strategy that favours recovery themes and structural growth trends.
For KGIF, its primary investment focus remains achieving steady capital growth and income distribution in a diversified portfolio according to Shariah principles, albeit in global Shariah-compliant equities and Shariah compliant equity-related securities. Its benchmark, as of relaunch, is the Dow Jones Islamic Market World Index (“DJIM World”), which measures the performance of a global universe of investable equities that have been screened for Shariah compliance consistent with Dow Jones’ Islamic Markets Index methodology.