MAAKL Mutual chief executive officer Wong Boon Choy said: "MAAKL Dividend Fund is designed for investors who prefer a regular income stream, stable investment returns and potential for medium to long-term capital appreciation between three and five years.
"These are investors who seek relatively higher return than fixed deposit but are averse to higher risks associated with high equity exposure." He
said the bulk of MAAKL Dividend's
investment was allocated to stocks that had had consistently good dividends and could sustain the trend.It may invest in Asia Pacific, offering investors the opportunity to diversify into some of the fastest growing economies. Wong
said MAAKL Al-Umran is an Islamic balanced income fund that sought to produce medium to long-term capital appreciation.