Our multi-NAV market making fund, Tak Dana, was launched in November 2020. Tak Dana manages listed ETFs and single stock securities.

Market-making funds, such as Tak Dana, help generate market liquidity while minimising bid/ask spreads on listed securities. Successful market making funds render the capital market more stable by enabling securities to trade at or close to their intrinsic values. The framework laid out for market making funds specify the trade amounts and bid/ask spreads that the funds are obliged to commit to on a daily basis.

Key Features of the Fund:

  • Low commission
  • Tax-exempt
  • Pre-set framework and obligations for market-making (in terms of trade value and
    bid/ask spread)
  • Ample capital requirements for market-making (in terms of stocks and cash)