Overview
Objective
This Fund aims to provide investors with above average capital growth over a medium to long term period by investing in a carefully selected portfolio of stocks which complies with the Shariah Principles.
Initial Offer Period: 21 days from launch ie. 23rd April 2008 - 14th May 2008 at RM0.4739 per unit.
Financial Year End: 30 November.
Distribution Policy: The Fund is not expected to pay regular distributions.
Investor Profile
Suitable for investors who:
- are medium to long-term investors;
- are risk tolerant and seek higher returns for their investments.
Strategy
This Fund seeks to achieve its investment objective by structuring a portfolio as follows:
Invest a minimum of 70% and up to 95% of the Fund’s Net Asset Value. Investments in securities of companies that have good growth potential and whose business activities comply with Shariah requirements.
Maintain a minimum 5% of the Fund’s Net Asset Value
Investments in liquid assets comprising of cash and Shariah-based deposits with licensed financial institutions, Islamic accepted bills, Sukuk, Cagamas Mudharabah bonds, Government Investment Issues and any other Shariah-based instrument capable of being converted into cash within seven (7) days.
The above asset allocation is only indicative and will be reviewed from time to time depending on the judgment of the investment manager as to the general market and economic conditions. Although the Fund is actively managed, how active or the frequency of its trading strategy will very much depend on market opportunities.
Asset Allocation:
- minimum of 70% and up to 95% of the Fund’s NAV in Shariah compliant securities.
- minimum 5% in liquid assets.
Fees & Transactions
| Fees & Charges | |
|---|---|
| Sales Charge | 5.50% |
| Redemption Fee | None |
| Switching Fee | N/A |
| Free Switches Yearly | N/A |
| Annual Management Fee | 1.5% |
| Management Expense Ratio (MER) | 2.15% |
| Transactions (Minimum) | |
|---|---|
| Investment | Initial: RM500 Additional: RM100 |
| Regular Investment | Initial: N/A Additional: N/A |
| Account Balance | 500 units |
| Switching | 500 units |
Investment Return
| Investment Return as at 2010-09-08 | |
|---|---|
| 3 Month Return | 8.74% |
| 6 Month Return | 4.46% |
| 1 Year Return | 2.27% |
| 3 Year Return | |
| 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
Copyright on names and logos used in this page belong to respective fund management companies.
Information in this fund profile page is compiled by Signalpoint Sdn. Bhd. based on the individual fund management company's public information, including but not limited to fund prospectus, fund fact sheets, etc, and are meant for information only. While best efforts have been made to ensure its accuracy, we cannot guarantee that the information presented here is completely accurate and without ommissions. Please contact issues@signalinvest.com if you believe there are errors or ommissions on this page.
Investors are advised to read and understand the fund's prospectus before investing.