Finances

For unit trust investment, an investor must be a sophisticated investor before he/she is qualified to invest in a fund categorized as a wholesale fund under the guideline issued by Securities Commission of Malaysia (SC). With over 300 wholesale funds available in Malaysia worth over Rm 90 billion in total, we should have some understanding of it and you must know whether you qualify for it as well. Check out the list below: An individual whose total net personal assets , or total net joint assets with his or her spouse, exceed RM3 million or its equivalent in foreign  currencies, excluding the value of the individual’s primary residence; An individual who has a gross annual income exceeding RM300,000 or its equivalent in foreign currencies per annum in the preceding twelve  months; An individual who, jointly with his or her spouse, has a gross annual income exceeding RM400,000 or its equivalent in foreign currencies per  annum in the preceding twelve months; A corpora...

Surprisingly, Bank Negara Malaysia cuts the benchmark Overnight Policy Rate ( OPR ) by 25 basis point to 3% today amid challenging global outlook mainly due to BREXIT. Coincidentally, BNM is making OPR changes in the month of July again. And, this is the first OPR changes under new BNM governor. Okay. Let's us know who will be the winner and loser during lower interest rate environment. Winner : Property Developer Cheaper cost of borrowing for new project financing or lower loan interest rate installment for borrowers. This is the direct beneficiary as we all know. And, it's crucial for the revival of property markets after a spell of subdue market. REITs Real estate investment trusts benefits from lower interest rate being charged by banks. Thus, higher net rental yields and income distributions being anticipated. Bond This is where conservative investors park their money, after fixed deposit, which will have a lower rate after this. Bond prices will increase on spiking deman...