Thread: High Yield Capro Investment Scheme - a properties fund by RBTR

Hello , this is a new fund launched by RBTR Asset Management Berhad. I retrieved this article from Business Times Online (New Straits Times) last Saturday:

RBTR launches properties fund

RBTR Asset Management Bhd, a boutique fund manager, yesterday launched a new fund that invests mainly in local properties that it believes can offer investors returns of at least 24 per cent a year.

Known as the High Yield Capro Investment scheme, it will start off with an initial size of RM30 million and later be increased by another RM200 million, its directors said.

Some 70 per cent of the fund will be invested in properties, while 20 per cent will go toward high-yield instruments that trade in major currencies or commodities, futures, options and indices of regulated exchanges.

The balance 10 per cent will cover the cost of operations.
"Our strategy will be to invest in properties under development at bulk discount prices which will provide capital protection and also appreciation upon completion. Even in the event of an economic slowdown, the properties in prime locations will be able to hold their values," managing director Valentine Khoo told reporters yesterday.

He said RBTR is currently eyeing four developments under construction, most of which are very close to the Kuala Lumpur city centre.

These are all commercial properties that are coming on stream in the next six to seven months, and RBTR is targeting to get into en bloc arrangements with them.

"We're looking especially at commercial properties, whether it be retail, office or other types. We're not going to invest in residential properties," said Datuk Shamir Nandy, the company's founder and advisor.

Once the three-year tenure of the fund is over, these assets may be converted to real estate property trusts or other types of investment products, he added.

One of the assets RBTR will most likely be investing in is The Crest in Jalan Sultan Ismail, which are luxury serviced apartments and office suites, he said.

The minimum initial investment for the fund is RM30,000 for individuals and RM100,000 for institutions.

Investors get to enjoy capital protection and the target returns if they keep their funds invested for the full tenure of three years, Khoo said. They won't be charged any management or annual fees.

RBTR, which has some RM300 million of assets under management, plans to launch at least one more retail investment product this year targeted at the mass market.