KUALA LUMPUR: AHAM Asset Management Bhd (AHAM Capital) is terminating two of four of its TradePlus exchange-traded funds (ETFs) – TradePlus DWA Malaysia Momentum Tracker
and Tradeplus MSCI Asia Ex Japan Reits Tracker – due to small fund size and high expenses.
In separate termination notices filed with Bursa Malaysia, AHAM Capital said despite efforts to grow the ETFs, their sizes remained small at RM1.58mil and RM3.78mil, respectively, as of Feb 28, 2025.
It said the high ongoing fees and expenses, including trustee, audit, and tax advisory costs, resulted in an elevated expense ratio, reaching “a point where it is no longer feasible to continue the management and operations of the fund in a cost-efficient manner.”
“The deed of the ETF permits the termination without a special resolution at a unitholders’ meeting,” AHAM Capital said.
The DWA Malaysia Momentum Tracker was designed to give investors access to Malaysian stocks with high price momentum, while the MSCI Asia Ex Japan REITs Tracker provided exposure to the real estate investment trust (REIT) market across Asia, excluding Japan.
Both ETFs, launched on July 9, 2020, will see trading of their units suspended from March 26, 2025.