Fund Manager:
Mayban Unit Trust Berhad

Fund Name:
Mayban Ethical Trust Fund

Launch Date:
Jan-03

Screening (except economy):
Good corporate governance, Environmental consciousness, Social responsibility

KEY Characteristics:
The METF attempts to add value to an investment by encouraging corporations to adopt the best practices in their business models via a proposed shareholder activism program. METF focuses on investing in companies which are not only profitable, but must not be involved in tobacco, liquor and gambling, as well as having socially accepted practices such as a good corporate governance and environmentally-friendly practices.

To cope with the problem of the lack of ethical research services in Malaysia, METF has partnered with NGOs, which provide the fund with necessary advice over ethical issues. Internally, METF has established a Special Advisory Panel which covers topics including corporate governance, social responsibility and environmental protection. The managers of the fund report the nature of the corporations' business to the panel. The members of the panel, drawing on their knowledge over their respective areas, will then enquire about areas which they want to know more. The fund managers will in turn convey the panel's queries to the management of those corporations.

Additional information:
http://www.maybank2u.com.my