Malaysia’s Valuecap plans to grow its AUM to $2b by year end

Valuecaps subsidiaries are another two fund management firms VCAP Asset Managers and i-VCAP Management.

Valuecap Sdn Bhd (Valuecap) is looking to grow the value of its asset under management (AUM) to between MYR7 billion and MYR7.5 billion ($1.95 billion and $2.09 billion) by the end of this year.

Currently, the firm has AUM of more than MYR5 billion($1.45 billion) and its AUM target for the year will be achieved through existing products and introduction of new funds by its two subsidiaries, VCAP Asset Managers Sdn Bhd (VCAP) and i-VCAP Management Sdn Bhd (i-VCAP), said Valuecap’s director Wan Kamaruzaman Wan Ahmad.

Valuecap is an investment firm jointly owned by government-linked funds Khazanah Nasional Bhd, Retirement Fund Incorporated (KWAP) and Permodalan Nasional Bhd. Kamaruzaman is also the CEO of KWAP.

This morning, i-VCAP listed its third exchange traded fund (ETF), MyETF MSCI SEA Islamic dividend (MyETF-MSEAD), on Bursa Malaysia. It is an open-ended fund with an approved fund size of 500 million units, and also the first ASEAN Islamic ETF.

MyETF-MSEAD opened at MYR1.005 in the morning, a hairline higher than the ETF’s subscription price of MYR1 and the net asset value of 99.8 sen.

I-VCAP’s chief executive officer Mahdzir Othman said at a press conference that the opening price was “within expectation” and early subscription of 10 million units of the ETF signifies investors’ interest in the new investment product.

He commented that the response from the public was quite promising with about 10 billion units subscribed, compared to previous funds.

While that was a good sign, Mahdzir said it was still not big enough by fund management’s standards. “This is something that we have to work on,” he said, adding that educational activities to create awareness on the ETF among the public would continue.

The MyETF SEA Islamic Dividend fund has an indicative yield of around 4 per cent. i-VCAP would be launching another open-ended Islamic ETF with a similar fund size to MyETF-MSEAD by the end of this year.

Meanwhile, Valuecap is aiming to launch an Environmental, Social and Governance Index Fund (ESG Fund) of MYR1 billion before the end of the year having already received private mandate from KWAP.

Also read:

Malaysia’s i-VCAP aims to double AUM to $550m in two years

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.