Hwang Aiiman Cash Fund

Hwang Aiiman Cash Fund
Type
Money Market MYR (Islamic)
Company
Hwang Investment Mgmt Bhd
Investment Manager
Asian Islamic Investment Mgmt Sdn. Bhd.
Launch Date
22-Aug-2006

Overview

Objective

The Fund seeks to provide investors with a regular income stream and high level of liquidity to meet cash flow requirement while maintaining capital preservation.

The Fund endeavours to distribute income on a monthly basis by way of reinvestment in the form of additional units.

(Formerly known as: Islamic Cash Fund)

Investor Profile

The Fund is primarily suitable for low risk investors who are generally conservative, risk averse and prefer a short-term investment that complies with Shariah requirements.

Strategy

The Fund shall invest in a diversified portfolio of good quality short-term Islamic fixed income securities carrying a minimum credit rating of AA3/P1 (RAM or equivalent) and Islamic money market instruments, including Islamic Negotiable Instruments of Deposits, Islamic Accepted Bills and Islamic commercial papers. Other short-term Islamic fixed income investments comprising of government and government sponsored bonds and Islamic private debt securities with maturity of not more than 732 days.

Asset Allocation: The Fund will invest between 90% to 100% in short-term Islamic fixed income instruments with maturity of not more than 365 days. Up to 10% of the NAV of the Fund is to be invested in short-term Islamic fixed income instruments, Islamic money market instruments and Islamic NIDs with remaining maturity exceeding 365 days but no longer than 732 days.

Fees & Transactions

Fees & Charges
Sales Charge 0.00%
Redemption FeeNone
Switching FeeN/A
Free Switches YearlyN/A
Annual Management Fee0.5%
Transactions (Minimum)
InvestmentInitial: RM1,000,000
Additional: RM500,000
Regular InvestmentInitial: N/A
Additional: N/A
Account Balance 500,000 units
Switching N/A

Downloads

Fund Documents
Prospectus Refer to company website or branch office.

 

Compare Hwang Aiiman Cash Fund with:

CategoryCompany
Money Market MYR (Islamic)
Funds:
Hwang Investment Mgmt Bhd
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