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AmAsia Pacific to focus on matured marts
by hlk Tue 02 Aug 2011, 19:37
AmAsia Pacific REITs, Malaysia's first property fund in real estate investment trusts, will focus on Malaysia, Singapore, Hong Kong and Australia as they are the most matured markets for REITs.
AmAsia Pacific REITs will invest in a diversified portfolio of REITs listed in the Asia Pacific region.
Director, Retail Funds, Funds Management, Ng Chze How said 200 million units were up for subscription, at 50 sen each, during the offer period which ends on Aug 7.
After the expiry of the offer period, the units would sold at market price.
The fund aimed to provide regular income and, to a lesser extent, capital appreciation over the medium to long-term.
"Since the fund was introduced on July 18, there has been a take up rate of about 20 per cent," he told reporters after the launch of the fund today.
He was optimistic all 200 million units would be fully subscribed in the next one or two months. -- Bernama
AmAsia Pacific REITs will invest in a diversified portfolio of REITs listed in the Asia Pacific region.
Director, Retail Funds, Funds Management, Ng Chze How said 200 million units were up for subscription, at 50 sen each, during the offer period which ends on Aug 7.
After the expiry of the offer period, the units would sold at market price.
The fund aimed to provide regular income and, to a lesser extent, capital appreciation over the medium to long-term.
"Since the fund was introduced on July 18, there has been a take up rate of about 20 per cent," he told reporters after the launch of the fund today.
He was optimistic all 200 million units would be fully subscribed in the next one or two months. -- Bernama
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