Kuala Lumpur, April 5 \u2013 BIMB Investment Management Bhd (BIMB Invest), a wholly-owned subsidiary of Bank Islam Malaysia Berhad, declared 7.1% (MYR class) and 6.9% (USD class) income distribution yield for its multi-currency global Shariah-ESG equity fund, the BIMB-Arabesque i Global Dividend Fund 1, exceeding its benchmark target of 6%.<\/p>\n
BIMB Invest\u2019s Chief Executive Officer Najmuddin Mohd Lutfi said, \u201cWe thank our investors for their support and remained invested in our fund and we are pleased to have delivered 7.1% (MYR class) and 6.9% (USD class) income distribution yield, exceeding the target benchmark of 6%.\u201d<\/p>\n
Najmuddin added; “Our global Shariah-ESG equity fund, the BIMB-Arabesque i Global Dividend Fund 1, uses artificial intelligence and big data technology in its investment process.\u201d<\/p>\n
He said the investment process removes human biases and intuition, to construct the best combination of stocks from a universe of 77,000 global listed companies to form a portfolio of up to 100 stocks daily by using more than 1,600 selection criteria that process more than 100 billion data points.\u00a0<\/p>\n
The fund rebalances its portfolio on a daily basis between equity and cash for sustainable risk adjusted investment returns. The systematic and rules-based quantitative investment approaches also take into account Environmental, Social and Governance (ESG) data to invest in companies with sustainable financial future.<\/p>\n
\u201cThe BIMB-Arabesque i Global Dividend Fund 1 saw a total return of 22.24%* over the one-year period ended 24 March 2017. This was higher than the average return of Islamic equity global category and the conventional equity global of 16.12%* and 19.69%* respectively during the same period. (*source: The Edge Weekly, 3 April 2017).\u201d<\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
Kuala Lumpur, April 5 \u2013 BIMB Investment Management Bhd (BIMB Invest), a wholly-owned subsidiary of Bank Islam Malaysia Berhad, declared 7.1% (MYR class) and 6.9% (USD class) income distribution yield for its multi-currency global Shariah-ESG equity fund, the BIMB-Arabesque i Global Dividend Fund 1, exceeding its benchmark target of 6%. BIMB Invest\u2019s Chief Executive Officer […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[],"class_list":["post-327","post","type-post","status-publish","format-standard","hentry","category-markets"],"_links":{"self":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/comments?post=327"}],"version-history":[{"count":1,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/327\/revisions"}],"predecessor-version":[{"id":6523,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/327\/revisions\/6523"}],"wp:attachment":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/media?parent=327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/categories?post=327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/tags?post=327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}