Overview
Objective
The Fund aims to provide investors with stable returns by enabling investors to participate in the growth prospect of the Malaysian market which is in compliance with Shariah principles.
Initial Offer Period: 21 days from 30th July - 20th August 2007
Financial Year End: 30th June
Distribution Policy: Annual distribution, if any.
Investor Profile
Suitable for investors who:
- seek potentially higher returns and are willing to accept greater fluctuations in value;
- who want diversification from other asset classes such as fixed deposits or fixed income securities;
- have a medium to long-term investment horizon of five (5) years and above.
Strategy
The Fund will be structured as an open-ended fund with a target allocation of up to 95% invested in Islamic equities with the remaining 5% invested in Islamic money market instruments for liquidity purposes. The selection of equity investments of the fund will be in line with those in the list of Islamic securities issued by the Shariah Advisory Council of the SC.
To achieve the investment objective, the investment manager's investment approach is to invest a majority of the assets in equities with a focus on those that exhibit above-average earnings growth, has a leading competitive positionj and show potential for delivering superior returns while staying true to Islamic principles. In addition, the Fund may potentially invest in stocks that are currently not paying dividends but offer prospect of future income or capital appreciation.
Asset Allocation:
- Up to 95% of NAV in Islamic equities;
- Up to 5% of NAV in Islamic liquid assets.
Fees & Transactions
| Fees & Charges | |
|---|---|
| Sales Charge | 7.00% |
| Redemption Fee | None |
| Switching Fee | None |
| Free Switches Yearly | N/A |
| Annual Management Fee | 1.5% |
| Management Expense Ratio (MER) | 1.6% |
| Transactions (Minimum) | |
|---|---|
| Investment | Initial: RM200 Additional: RM100 |
| Regular Investment | Initial: N/A Additional: N/A |
| Account Balance | 200 units |
| Switching | 200 units |
Investment Return
| Investment Return as at 2010-09-09 | |
|---|---|
| 3 Month Return | 0.66% |
| 6 Month Return | -3.97% |
| 1 Year Return | -1.67% |
| 3 Year Return | -5.70% |
| 5 Year Return | |
| Investment performance information as on bid to bid basis. Nett distributions reinvested. For reference only. | |
Downloads
| Fund Documents | |
|---|---|
| Prospectus | Refer to company website or branch office. |
Related Funds
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