PETALING JAYA: Kenanga Investors Bhd has stepped down as manager of the Kenanga KLCI Daily 2X Leveraged Exchange Traded Fund (ETF) and Kenanga KLCI Daily (-1X) Inverse ETF.
The move, effective after market close yesterday, is part of a strategic portfolio rationalisation within the Kenanga Group.
In a transition approved by the Securities Commission, management of both funds will be transferred to EQ8 Capital Sdn Bhd, a wholly owned subsidiary of Kenanga Investors itself.
Investors face no disruption, as the ETFs will retain their existing investment objectives, daily reset mechanics, and futures-based strategies.
Trading, net asset value calculation, and liquidity remain unaffected, with no action required from unitholders.
The handover keeps both products firmly within the Kenanga ecosystem while allowing the group to streamline operations.