Versa Asia, a Malaysian digital cash management platform, announced the expansion of its suite of digital investment offerings today through the launch of Versa REITs and Versa Gold.
Customers can start investing in both Versa REITs and Versa Gold with a minimum of RM100.
Versa REITs is a fund that invests in multiple real estate sectors such as shopping malls, offices, data centres, business parks, factories and warehouses located across the Asia Pacific (ex-Japan) region, that are managed by Asia’s top real estate companies.
The underlying fund of Versa REITs is the Affin Hwang Select Asia Pacific (ex-Japan) REITs fund.
Meanwhile, Versa Gold is Versa’s first Shariah-compliant fund that closely tracks the performance of gold price that makes the buying and selling of gold highly liquid and convenient.
The underlying fund of Versa Gold will be the Affin Hwang Shariah Gold Tracker fund.
Launched in 2021, Versa had recently secured an 8-figure funding round through the sum was not publicly disclosed.
Teoh Wei-Xiang, Chief Executive Officer at Versa said,
“Due to its intrinsic properties, asset classes like real estate and gold continue to be favoured by global investors alike due to its stable nature and role as a hedge against inflation.
In introducing Versa REITs and Versa Gold, Versa is committed to ensure that everyday Malaysians can invest in these resilient offerings with minimal entry barriers.”
Dato’ Teng Chee Wai, Managing Director of AHAM Capital said,
“Through our partnership with Versa, AHAM Capital remains committed in our journey towards spearheading digitalisation to make investing easier and more accessible to all Malaysians.
With market cycles becoming shorter and sharper, asset classes like REITs and gold offer a way for investors to diversify their portfolios in order to grow and preserve wealth.”
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