MyETF-MMID aims to pay semi-annual dividends

KUALA LUMPUR: Syariah-compliant investment manager i-VCAP Management Sdn Bhd’s second exchange traded fund (ETF), MyETF MSCI Malaysia Islamic Dividend (MyETF-MMID), will distribute dividends on a semi-annual basis.

Chief executive officer Mahdzir Othman said the MSCI Malaysia IMI Islamic High-Dividend Yield 10/40 Index, which the fund was benchmarked against, had a current dividend yield of between 4% and 5%.