Hedging against price swings on Bursa Malaysia

(From left) Yuanta Securities Investment Trust Co Ltd chairman Dr. Julian Liu Tsung-Sheng, Kenanga Investors Bhd executive director and CEO Ismitz Matthew De Alwis, Kenanga Investment Bank Bhd group managing director Datuk Chay Wai Leong, chairman Izlan Izhab, and founder and adviser YM Tan Sri Dato’ Paduka Tengku Noor Zakiah Tengku Ismail watching the opening trade of the Kenanga's leveraged and inverse ETFs.

KUALA LUMPUR: Kenanga Investment Bank Bhd (KIB), through unit Kenanga Investors Bhd, has launched a first-of-its kind exchange traded fund (ETF) product designed to help investors on Bursa Malaysia protect their portfolio against price swings.

The firm said the leveraged and inverse (L&I) ETF would provide institutional and retail investors with the opportunity to hedge and diversify their portfolio at a cheaper cost.