MAYBAN Management Bhd expects a take-up rate of 60% for its newly launched Mayban Ethical Trust Fund (METF) – the first of its kind in Malaysia – and Mayban Value Trust Fund (MVTF) during the initial 21-day offer period ending Jan 27. Its chief executive officer Ismail Mohd Yusof was speaking after the launch of the METF and MVTF in Kuala Lumpur yesterday.
Company chairman Datuk Richard Ho said the METF was Malaysia's first socially responsible fund for investors who wished to ensure that their investments were channelled towards activities with favourable and harmonious impact on society and the environment.
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