ARMB Islamic Cash Mgmt

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.

Initial Offer Period: 1 day only ie. on 26th Nov 2007 at RM1.00 per unit.
Financial Year End: 30th September.
Distribution Policy: The Fund endeavors to distribute income on a monthly basis by way of reinvestment in the form of additional units.

Investor Profile

Suitable for Qualified investor only:

• An individual whose total net personal assets exceed RM3m or its equivalent in foreign currencies;
  
• a corporation with total net assets exceeding RM10m or its equivalent in foreign currencies based on the last audited accounts; and
  
• a unit trust scheme or prescribed investment scheme.

Strategy

The Fund shall invest up to 100% of its NAV in a diversified portfolio of good value short-term Islamic financial instruments carrying a minimum credit rating of AA3/P1 (RAM or equivalent) and Islamic money market instruments, including Islamic Negotiable Instrument of Deposits, Islamic Accepted Bills, Islamic commercial papers and an equivalent form of deposit with licensed financial institutions.

Asset Allocation:

• The Fund may invest up to 100% in short-term Islamic financial instruments with maturity of not more than 365 days.
  
• Up to 10% of the NAV may be invested in short-term Islamic fixed income instruments, Islamic money market instruments and Islamic Negotiable Instrument of Deposits with remaining maturity exceeding 365 days but no longer than 732 days.
  

Fees & Transactions

Investment Return

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