KUALA LUMPUR, MALAYSIA – Media OutReach – 2 February 2021 – Kenanga
Investment Bank Berhad today announced its acquisition of i-VCAP Management Sdn
Bhd (“i-VCAP”) via Kenanga Investors Bhd (“KIB”), its fully owned subsidiary, following
approval by the Securities Commission of Malaysia. i-VCAP is an award-winning,
Shariah-compliant investment management services provider primarily focused on Islamic
exchange-traded funds (“ETFs”).
Datuk Chay Wai Leong, Group Managing Director of Kenanga Investment Bank.
“We are
constantly exploring ways to deliver new investment solutions for our clients.
This is a natural step in our strategy to develop products for a wider
audience. The ETFs market is one of the fastest growing segments in asset
management. A number of long-term macro trends, including the increasing use of
passive vehicles and the driving force of digitalisation will lead to a growing
demand for ETF products,” says Datuk Chay Wai Leong, Group Managing Director of
Kenanga Investment Bank. “The acquisition further expands our ability to build better,
more diversified portfolios through our product capabilities across the Group,
and enhances the range of solutions available. This addition strengthens our
competitive edge in addressing client needs, which will further accelerate the
growth of our business.”
The deal represents the financial group’s second bolt-on
purchase of an asset management business within the last 14 months, following
the acquisition of Libra Invest Berhad at end 2019. In recent months and years,
the group has been actively participating in joint ventures, acquisition exercises
as well as strategic stakes within synergistic businesses. These are expected
to complement its various business lines with recent results positively reflected
in the group’s strong financial performance in 2020.
The
acquisition represents swift progression one year after Kenanga Group’s first
foray into the ETF space where OneETF by Kenanga, Malaysia’s first KLCI-linked
leveraged and inverse ETFs was introduced together with its strategic partner
Yuanta Securities, the largest ETFs provider in Taiwan and a leading ETFs
provider in Asia. The Chief Executive Officer of KIB, Ismitz Matthew De Alwis
says, “i-VCAP’s ETFs business is highly complementary to OneETF by Kenanga as
we foresee that it will broaden our geographical reach, product suite and investment
expertise, enabling us to provide more solutions to help clients achieve their
investment objectives. The exercise adds depth to the company’s ETFs and
Islamic product offerings as well as accessibility to the US market.
Simultaneously, KIB is set to leverage upon this opportunity to further build
on its existing ETFs business with a higher degree of economic scale for a more
diverse range of ETFs by working with its partners, regulators and other service providers to drive the ETFs and Islamic capital market.
As the
asset and wealth management arm of Kenanga Investment Bank, Kenanga Investors
provides investment solutions ranging from collective investment schemes,
portfolio management services, ETFs, financial planning and alternative
investments for retail, high net worth, corporate and institutional clients. It
is a repeat recipient of distinguished industry accolades such as Refinitiv
Lipper, Morningstar, FSMOne Recommended Unit Trusts Awards and Asia Asset
Management’s Best of the Best Awards.
For more information about Kenanga Investment
Bank Berhad and Kenanga Investors Berhad, please visit both www.kenanga.com.my
& www.kenangainvestors.com.my.
About Kenanga Investors Berhad 199501024358 (353563-P)
We provide investment
solutions ranging from collective investment schemes, portfolio management
services and alternative investments for retail, corporate, institutional and
high net worth clients via a multi-distribution network.
Most recently, the
Hong Kong-based Asia Asset Management’s 2021 Best of the Best Awards awarded
KIB under the following categories, Malaysia – Best Equity Manager, Malaysia
CIO of the Year, Malaysia — Best Islamic Fund (Equity) and Malaysia Best House
for Alternatives.
The Kenanga Growth
Fund (“KGF”) won Core Equity — Malaysia while the Kenanga Syariah Growth Fund
(“KSGF”) won Core Equity — Malaysia (Islamic) at the FSMOne Recommended Unit
Trusts Awards 2020/2021. The Kenanga Balanced Fund was recognised under the
Balanced — Malaysia category.
At the Refinitiv
Lipper Fund Awards 2020, KIB won the “Best Mixed Asset Award — Malaysia
Pension” and “Best Equity Award — Malaysia Islamic” titles. KSGF was awarded
“Equity Malaysia — Malaysia Islamic” for 10-years while the Kenanga Diversified
Fund was named “Mixed Asset MYR Flexible — Malaysia Pension” for 3-years and
5-years. KSGF was also named “Malaysia Best Equity over 10-years” at the
Refinitiv Lipper Fund Awards 2020 for Global Islamic Markets.
For the fourth
consecutive year, KIB was affirmed an investment manager rating of IMR-2 by
Malaysian Rating Corporation Berhad since first rated in 2017. The IMR rating
reflects the fund management company’s well-established investment processes
and sound risk management practices. For 2020, the average one-year, three-year
and five-year annualised returns for its top 20 largest unit trust funds
outperformed its benchmarks.
About Kenanga Investment
Bank Berhad 197301002193 (15678-H)
Established for more
than 45 years, Kenanga Investment Bank Berhad is a financial group in Malaysia
with extensive experience in equity broking, investment banking, treasury,
Islamic banking, listed derivatives, investment management, wealth management, structured
lending, and trade financing.
The Group has
garnered a host of awards and accolades reflecting its strong market position.
It was awarded under the categories of Best Overall Equities Participating
Organisation by Bursa Malaysia, Best Retail Equities Participating
Organisation, Best Institutional Equities Participating Organisation; along
with Best Trading Participant Equity and Financial Derivatives for 17
consecutive years. The Group was also accorded the title of Best Institutional
Derivatives Trading category by Bursa Malaysia.
The Group continues
to be a regular and repeat recipient of distinguished industry accolades, such
as the Lipper, Fundsupermart and Morningstar awards. For its continued efforts
towards community outreach and employee volunteerism, the Group was awarded the
coveted company of the year award for environmental awareness and
sustainability at the Sustainability
& CSR Malaysia Awards 2020.
Today, Kenanga
Investment Bank Berhad is an award-winning leading independent investment bank
in the country with a continuous commitment towards driving collaboration,
innovation, and digitalisation in the marketplace.
This Press Release
was issued by Kenanga Group’s Marketing & Communications department.
Services
Stakeholder mapping, analysis, engagement and communication needs to be detailed to avoid business losses or even worse, a crisis. How can you do this effectively to prevent failure? ...
Data-driven business decisions have never been as crucial, especially in this era. MGBF leverages off, technology, experience and market presence to aid businesses in making accurate decisions. ...
MGBF provides comprehensive strategic advice and results-focused solutions to solve clients' problems in business-government relations so they can focus on their core business. ...
A critical business challenge is meeting the right decision-makers and potential buyers through the best channel and platform. How will you improve your business competency? ...
Upcoming Events
Expanding on the global digital arms race that governments and corporations are engaged in, this full-day forum will see industry leaders speak, and four interactive panel sessions. Event date: 21 March 2023. Contact us to book your seats now!
The threat matrix has evolved to include information warfare, cyberspace incursions, big data and behavioural communications. Business leaders need to be aware of these threats to survive. What are you doing as a key stakeholder?
Corporations and their leadership often face weaponised information attacks in the media. Understanding these advanced business threats is crucial. Recently completed. View proceedings online.
Special session: Cyberwarfare Waged on the Corporate Sector - Lessons from the Russia-Ukraine Crisis. Corporations are in a digital arms race that many don't realise. How does this relate to your organisation?
MGBF In The News
The Malaysia Global Business Forum (MGBF) will be hosting a roundtable on ‘Designing the Future of the Digital Economy’ on 23 February 2023. It is the culmination of the first three MGBF Exclusive Roundtable Series titled ‘The Evolving Threat Matrix in the Digital Economy’ held throughout 2022. According to the […]
The Founding Chairman of the Malaysia Global Business Forum (MGBF), Nordin Abdullah, today spoke on Bernama TV’s leading English talk show, The Brief, hosted by Jessy Chahal, on the topic of a stable political reality and what that means for the Malaysian economy. Nordin said, “The first thing that it […]
More than 1,100 years ago, Muhammad ibn Musa al-Khwarizmi was developing the mathematical formulas that we know today as algorithms which now have become so intertwined with the business fortunes of global media giants and the very fabric of geopolitics. A series of recent high level international reports have revealed […]
KSK Land has been recognised by the Malaysia Global Business Forum (MGBF) for its role in attracting high net-worth individuals to Malaysia post-pandemic. The first challenge in investor attraction is “selling” the country. In the context of Asia, Malaysia is competing with some very established investment destinations. The second […]
Malaysia, in particular Kuala Lumpur, continues to position itself as a regional centre to do business, educate a family and enjoy a global lifestyle. One company, KSK Land, has taken the lead in positioning itself and the city of Kuala Lumpur as a property investment destination for the global citizen […]
The upcoming budget represents an opportunity to build resilience in the critical sectors that will form the backbone of the country’s future-facing economic ambitions. This however needs to be achieved in the context of managing the community sectors most impacted by COVID-19 over the past two years. The Keluarga Malaysia (Malaysian Family) […]
Malaysia Global Business Forum (MGBF) has moved to support the creative economy as the overall economy moves into a recovery phase following the COVID19 pandemic. As a step in the direction of normalcy, the MGBF has agreed to host the art exhibition “I Know You’re Somewhere So Far” by one […]
Congratulations to Datuk Seri Ismail Sabri Yaakob for taking up the mantle of the ninth prime minister of Malaysia. There is nothing normal about the situation; it could not have been scripted but it has kept the spectrum of media, mainstream and social, gripped. The first order of business for […]
In a stirring speech to the nation, President Joseph R. Biden, Jr. stamped his brand of leadership on the presidency, in his first act as the 46th president of the United State of America, it signaled several shifts. Perhaps the weather was foreboding with snow falling before the ceremony that […]
KUALA LUMPUR, 6 July 2022 – As the global economy continues to deal with unprecedented levels of disruption caused by the pandemic and the conflict between Russia and Ukraine, the convergence of energy security and food security issues has become a front-of-mind issue faced by policy makers and consumers alike. […]
KUALA LUMPUR, 23 June 2022 — Malaysia Global Business Forum (MGBF) ties up with scoutAsia to ensure that businesses are equipped with deeper regional insights. The past two years has seen a massive shift in the way businesses are conducted with digitisation, digitalisation and automation continuously being adopted to improve […]
KUALA LUMPUR, 25 May 2022 – The Malaysia Global Business Forum (MGBF)’s exclusive roundtable on ‘Security Concerns in Critical Value Chains’ was held in a hybrid setting yesterday at the Eastin Hotel Kuala Lumpur. The guest of honour was Yang Berbahagia Tan Sri Dato’ Seri Rafidah Aziz, former minister of […]
We live in the age of crisis. At the heart of any crisis is the threat of rapid change. Change too deep or too wide that the current coping mechanisms for an individual, corporation or government are unable to remain resilient. An unwelcome paradigm shift, like the proverbial spider, that […]
The Malaysia Global Business Forum (MGBF) has released a report following the roundtable on ‘Digital Resilience in the Corporate Sector’, which was recently held in Kuala Lumpur. In attendance as guest of honour was Deputy Minister of Communications and Multimedia, Datuk Zahidi Zainul Abidin. The report recommended several critical development […]
Trade and investment delegations will trickle back over the next few months, but the second half of the year should see considerable return of business travellers. It was learnt that over 50 per cent of international business chambers and industry associations surveyed will consider sending exploratory teams to Malaysia during […]
KUALA LUMPUR, 30 March 2022 – The Malaysia Global Business Forum (MGBF)’s exclusive roundtable on ‘Digital Resilience in the Corporate Sector’ was held in a hybrid setting yesterday at the Element by Westin Kuala Lumpur. The discussion focused on what business leaders need to understand, to ensure business resilience and […]
The Malaysia Global Business Forum (MGBF)’s exclusive roundtable on ‘Addressing Weaponised Information in the Media’ was held in a hybrid setting today at the Hilton Kuala Lumpur. The discussion focused on addressing one of the most relevant threats to businesses in the digital economy – cyber threats causing physical and […]
The current floods that have impacted various parts of the country have given rise to an extensive commentary on the response cycles of various stakeholders. It has in turn led to continued crisis communications and statements in the media by agencies and ministries alike. This binary approach to the discussion […]
The formation of a special Cabinet committee to develop strategic measures to safeguard the economy amid the Covid-19 outbreak shows the Malaysian government is serious about creating a balance between the continued safety of the general population and the survival of the economy. In the global context, as many countries […]
