AmBon Islam

Fund Key Data
ManagerAmInvestment Services Bhd
Fund TypeBond (Islamic)
Date Launched December 3, 2001
Approved Fund Size 1,000,000,000
Fund Price as at July 22, 2014
Buy 1.2199
Sell 1.2199
NAV 1.2199
Daily prices courtesy of TheEdge Financial Daily

Objective

AmBon Islam is a medium to long-term Islamic bond fund that aims to provide you with a stream of "halal" income.

Financial Year End: 30 Sept
Distribution Policy: Half-yearly, if any.

Investor Profile

Best suited if you:

 

  • Require regular "halal" income from investing in a bond fund that conforms to the Principals of Syariah
  • Have medium to long term investment goals
  • Strategy

    AmBon Islam seeks to achieve its objective by investing primarily in private debt securities with minimum short-term local credit rating of P2 (by RAM) or MARC2 (by MARC) or long-term credit rating of BBB3 (by RAM) or BBB- (by MARC).

    In buying and selling securities for AmBon Islam the Investment Manager uses a relative value approach. This approach involves an analysis of general economic and market conditions. It also involves the use of models that analyse and compare expected expected returns and assumed risk. Under this approach, the Investment Manager will foces on securities that would deliver favourable return in light of the risks. The Investment Manager may also consider obligations with a more favourable or improving credit or industry outlook that provide the potential for capital appreciation.

    AmBon Islam's investment maturity profile is subject to duration management in view of the interest rate scenario. Normally, the duration of AmBon Islam's investment will not exceed 5 years.


    Fund Information

    Fees & Charges
    Sales Charge 0.0%
    Redemption FeeNone
    Switching Fee6% (However, it may be waived or varied at Manager discretion.)
    Free Switches YearlyN/A
    Annual Management Fee1%
    Management Expense Ratio (MER)1.13%
    Transactions (Minimum)
    InvestmentInitial: RM1,000 / 1,000 units
    Additional: RM500 / 500 units
    Regular InvestmentInitial: RM1,000 / 1,000 units
    Additional: RM500 / 500 units
    Account Balance 1,000 units
    Switching None

     
    Fund Documents
    Prospectus AmInvest Master Prospectus

     

    Fund Performance

    Fund Performance as at 2014-07-21
    1 Month Return
    6 Month Return 1.43578251116 %
    1 Year Return 0.551720547432 %
    3 Year Return 9.49288971031 %
    5 Year Return 24.6894574197 %
    As published in the The Edge-Lipper Fund Performance Ranking Tables

     

    Related Funds

    Compare AmBon Islam with:

    CategoryCompany
    Bond (Islamic)
    Funds:
    AmInvestment Services Bhd
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