Eq8 FTSE Malaysia Enhanced Dividend Waqf ETF (“EQ8WAQF”) is an Exchange Traded Fund that seeks to achieve capital growth and income distribution by investing in high dividend-paying stocks in Malaysia. The Waqf feature lies in the income distribution element whereby 50% of the distributed income will be distributed to unit holder while the remaining 50% becomes Waqf asset. The Waqf asset generated from the Waqf ETF will be managed by Yayasan Waqaf Malaysia ("YWM") as the Waqf Administrator.
Launched in December 2024, EQ8WAQF features a Benchmark Index that is designed to achieve dividend yield enhancement, and is constructed, calculated, maintained and published by FTSE Russell.
By definition, Waqf is a form of charitable endowment in which property or assets are donated for the use and benefits of the public. The endowment is intended to be perpetual, with the assets held in trust and the income generated from the assets are used for charitable purposes. In a formal process of establishing a Waqf, the donor dedicates the assets for a specific charitable purpose. The assets remain devoted in perpetuity for the specified purpose, the donor forfeits most of the rights associated with ownership, and the assets are managed by a Waqf Administrator.
The advantage of gaining both financial gains from capital appreciation and income distribution, and social returns from contribution of dividends towards Waqf purposes.
Collective above average dividend yield eliminates single security concentration towards a stable dividend stream.
Dividend stocks act as a buffer against market volatility, while the momentum strategy leverage the rising stock prices to generate alpha, with the potential to outperform portfolios that are primarily focused on income distribution.
| Cumulative Performance (As at 2024-11-30) | 1 M | 3 M | 6 M | YTD | 1 Y | 3 Y | 5 Y | **Since Inception |
|---|---|---|---|---|---|---|---|---|
| Fund NAV | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Benchmark Index | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Minimum Trading Units | : 100 |
| Trading Currency | : Ringgit Malaysia (MYR) |
| Stock Short Name | : EQ8WAQF |
| Stock Code | : 0839EA |
| Minimum Creation / Redemption (Unit Block) | : 500,000 |
| Participating Dealer(s) | : Kenanga Investment Bank Berhad |
To closely track the performance of the Benchmark Index - FTSE Bursa Malaysia EMAS Shariah Factor Enhanced Target Dividend Index - while adhering to Shariah requirements, and channel 50% of the income distribution of the Fund for Waqf purposes.
As a passively managed fund, the Manager will generally adopt a replication strategy to manage the fund. The Manager may use techniques including indexing via full or partial replication in seeking to achieve the investment objective of the Fund, subject to conformity with Shariah Investment Guidelines.
| Asset Class | Islamic Equity |
| Geo Exposure | Malaysia |
| Benchmark Index | FBEMSTDP |
| Launch Date | 10 December 2024 |
| Listing Date | 10 December 2024 |
| Base Currency | Ringgit Malaysia (MYR) |
| Manager | Eq8 Capital Sdn Bhd |
| Income Distribution | *Annual Distribution |
| Creation/Redemption(unit block) | 500,000 |
*Subject to the discretion of the Manager
| Exchange | Bursa Malaysia Securities Berhad |
| ISIN | MYL0839EA000 |
| Stock Short Name | EQ8WAQF |
| Stock Short Code | 0839EA |
| Bloomberg Ticker | EQ8WAQF |
| Management Fee | 0.60% |
| Trustee Fee | Up to 0.08% |
| Index License Fee | 0.06% |
| Total Annual Fees (chargeable to Fund) | **0.74% |
Transaction Charges (chargeable to Investor):
Trading charges may include brokerage rate and other incidental charges
* Subject to other fees and/or expenses incurred by the Fund.
| Manager | Eq8 Capital Sdn Bhd |
| Trustee | Deutche Trustees Malaysia Berhad |
| Participating Dealer(s) | Kenanga Investment Bank Berhad |
| Shariah Adviser | Amanie Advisors Sdn Bhd |
| Index Licensor | FTSE International Limited |
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