04-02-2021
Press Release: Kenanga Acquires ValueCap ETF Business
Kenanga Investment Bank Berhad announced that it is acquiring i-VCAP Management Sdn Bhd (“i-VCAP”), via Kenanga Investors Bhd, its fully owned subsidiary, following approval by the Securities Commission of Malaysia. i-VCAP is an award-winning, Shariah-compliant investment management services provider primarily focused on Islamic exchange-traded funds (“ETFs”). This step represents swift progression one year after Kenanga Group’s first foray into the ETF space where OneETF by Kenanga, Malaysia’s first KLCI-linked leveraged and inverse ETFs was introduced together with its strategic partner Yuanta Securities, the largest ETFs provider in Taiwan and a leading ETFs provider in Asia.