MAAKL Mutual is expected to launch its first real estate investment trust (REIT) fund, the MAAKL Asia-Pacific REIT Fund (MAPREIT) today. 

MAAKL Mutual chief executive officer Wong Boon Choy said the fund’s manager would focus on 13 countries - China, Hong Kong, Indonesia, South Korea, Malaysia, the Philippines, Singapore, Taiwan, Thailand, Australia, Japan, India and New Zealand.  This fund would  focus primarily on REITs and infrastructure funds or trusts that are listed on approved Asia-Pacific stock exchanges

• MAPREIT will invest up to 98% of its net asset value in Asia-Pacific REITs and infrastructure funds or trusts. 

• A minimum 50% must be invested in Asia-Pacific REITs at all times, while the balance can be invested in infrastructure funds or trusts. 

• MAPREIT has a fund size of 200 million units priced at 25 sen per unit during the offer period to June 27. 

• The minimum initial investment is RM1,000 while the minimum additional investment is RM100. (7/6/07-The Star

  Malaysia)

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