Islamic Fund Management
85
Table 4.7: Islamic ETFs Listed on Bursa Malaysia (as at April-2018)
MyETF
Dow Jones
Islamic
Market
Malaysia
Titans 25
MyETF
MSCI
Malaysia
Islamic
Dividend
MyETF
MSCI SEA
Islamic
Dividend
MyETF
Thomson
Reuters
Asia
Pacific ex-
Japan
Islamic
Agribusin
ess
GOLDETF MyETF
Dow Jones
US Titans
50
Date listed 31 January
2008
21 March
2014
7 May 2015 3 December
2015
December
2017
28 February
2018
Fund
background
MyETF-
DJIM25
provides
investors
access to the
performanc
e of
Malaysia’s
Shariah
equity
market
MyETF-
MMID
provides
investors
the
opportunity
to obtain
potential
periodic
income and
capital gains
from
Malaysia’s
Shariah
equity
market
MyETF-
MSEAD
provides
investors
the
opportunity
to obtain
periodic
income and
capital gains
from the
vast
universe of
companies
in South-
east Asia
MyETF-
AGRI
provides
investors
the
opportunity
to invest in
agriculture-
based
Shariah-
compliant
stocks listed
on selected
exchanges in
the Asia-
Pacific
region
GOLDETF
aims to
provides
investors
with
investment
results that
closely track
the
performanc
e of gold
prices,
through a
Shariah-
compliant
investment
structure
MyETF-
US50 is
designed for
investors
wishing to
invest in
liquid
financial
instruments,
with an
index-
tracking
feature that
focuses on
blue-chip
companies
in the US
AuM (as at
end-April
2018)
RM304.9 mil RM29.8 mil RM44.1 mil RM20.0 mil RM41.2 mil RM45.1 mil
Source: Islamic ETFs’ annual reports.
Note: The listed Islamic ETFs are all managed by i-VCAP Management Sdn Bhd, except for GOLDETF, which is
managed by Affin Hwang Asset Management Berhad.
Malaysia’s ETF industry started with the incorporation of ValueCAP Sdn Bhd (ValueCAP) on 16
October 2002 ives a snapshot of the evolution of Islamic ETFs in Malaysia.
Box 4.2: Evolution of ETFs in Malaysia
ValueCAP, equally owned by Khazanah Nasional
Berhad, Kumpulan Wang Persaraan (Diperbadankan)
and Permodalan Nasional Berhad, commenced
operations as an investment-holding company of
entities listed on Bursa Malaysia. Following its strong
investment performance, ValueCAP’s business model
had then transformed into a holding company with
investments in two licensed AMCs―i-VCAP
Management Sdn Bhd (i-VCAP), which manages the
Islamic ETFs, and VCAP Asset Managers Sdn Bhd
(VCAM) which manages conventional funds.
Chart 1: Growth of ETFs by market
capitalisation