|Fund Key Data|
|Manager||CIMB-P Islamic Asset Mgmt S/B.|
|Fund Type||Equity Asia Pacific Ex-Japan (Islamic)|
|Date Launched||October 8, 2004|
|Approved Fund Size||700,000,000|
|Fund Price as at July 23, 2014|
|Daily prices courtesy of TheEdge Financial Daily|
To provide investors with long-term capital growth by investing principally in equities. The Fund also seeks to outperform the benchmark.
Financial Year End: 31st October.
(formerly SBB Dana Al-Ikhlas)
The recommended investment timeframe for this Fund is five (5) years or more. This Fund is suitable for investors who:
- have a medium to long-term investment;
- want a portfolio of investments that adhere to the Shariah principles;
- are seeking maximum capital appreciation over the long-term and do not require regular income from their investment;
- want a portfolio with some exposure in foreign investments;
- are comfortable with a higher than average degree of volatility; and/or
- are willing to take higher risks in anticipate of potentially higher returns.
The Fund will invest a minimum of 70% and up to a maximum of 98% of its 48 NAV in Shariah-compliant equities in order to gain long-term capital growth. The Fund may opt to invest in Shariah-compliant foreign equities up to a maximum of 50% of its NAV. In addition, Shariah-compliant liquid assets may be strategically used if the Investment Manager feels that the market downside risk is high in the short-term. In line with its objective, the investment strategy and policy of the Fund is to have diversified portfolio of the Shariah-compliant stocks aimed at outperforming the market at different cycles of the market.
Between 70% to 98% (both inclusive) of the Fund’s NAV will be invested in Shariah-compliant equities and at least 2% of the Fund’s NAV in Shariah- compliant liquid assets.
|Fees & Charges|
|Switching Fee||RM100 / 400% (plus switching fee equal to the difference (if any) between the Service Charges of the two funds. The Manager has discretion to waive the Switching Fee and/or administrative fees.)|
|Free Switches Yearly||4|
|Annual Management Fee||1.5%|
|Management Expense Ratio (MER)||%|
|Investment||Initial: RM500 |
|Regular Investment||Initial: RM500|
|Account Balance||500 units|
|Prospectus||Refer to company website or branch office.|
|Fund Performance as at 2014-07-23|
|1 Month Return|
|6 Month Return||5.99201065246 %|
|1 Year Return||11.5698267074 %|
|3 Year Return||23.8689722317 %|
|5 Year Return||55.7851661478 %|
|As published in the The Edge-Lipper Fund Performance Ranking Tables|
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