MALAYSIA: Kenanga Investors launched a feeder fund for Malaysian investors to access the 50 largest Shariah compliant companies listed in the US capital market. The Kenanga Shariah US Titans 50 Fund is a retail offering that feeds into the Eq8 Dow Jones US Titans 50 ETF managed by Eq8 Capital – the dedicated ETF arm of Kenanga Investors. With a RM1,000 (US$253) entry, this fund’s benchmark is a composite of 85% Dow Jones Islamic Market US Titans 50 Index and 15% Maybank Islamic Overnight Deposit Rate.
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