|Fund Key Data|
|Manager||Manulife Asset Management Services Bhd|
|Fund Type||Equity Malaysia (Islamic)|
|Date Launched||June 30, 2003|
|Approved Fund Size||1,000,000,000|
|Fund Price as at November 20, 2014|
|Daily prices courtesy of TheEdge Financial Daily|
MAF is an Islamic equity growth fund. Its primary investment objective is to provide Unit Holders with a steady medium- to long-term capital growth at a reasonable level of risk through investments in a diversified portfolio of equities in companies with a large market capitalisation which are Shariah-compliant.
Financial Year End: July 31.
Distribution Policy: Incidental.
The Fund is designed for those seeking investments that comply with Shariah requirements and are willing to accept a medium to high level of risk. Investors should have a medium- to long-term investment horizon of between 3 and 5 years. The Fund is suitable for investors who seek long-term capital appreciation from their investments.
The Fund invests in a diversified portfolio of Shariah-compliant equities and Islamic money market instruments to meet its investment objective. The Fund Manager adopts a bottom-up approach in identifying companies with exceptional growth and visible earnings prospects during the stock selection process. The primary focus is on the underlying earnings growth fundamental of the company although other factors such as macroeconomic variables, liquidity conditions and political risk factors are also considered important.
The Fund Manager emphasises strongly on internal research. Frequent company visits are made in order to obtain local knowledge and first-hand corporate information. Besides using traditional valuation yardsticks such as Price Earnings (P/E) ratio and price earnings to growth (PEG) ratio, the Fund Manager adopts a more ‘entrepreneurial research’ style which focuses more on the company’s capital structure, intrinsic value, cash flow, replacement costs and potential growth trend.
|Fees & Charges|
|Switching Fee||RM25 (for switches to any other Equity/Balanced/Money Market Funds.)|
|Free Switches Yearly||2|
|Annual Management Fee||1.5%|
|Management Expense Ratio (MER)||%|
|Investment||Initial: RM1,000 |
|Regular Investment||Initial: RM100|
|Account Balance||1,000 units|
|Fund Performance as at 2014-11-20|
|1 Month Return|
|6 Month Return||-6.68888888889 %|
|1 Year Return||-2.25791433892 %|
|3 Year Return||27.0846684051 %|
|5 Year Return||47.3013928477 %|
|As published in the The Edge-Lipper Fund Performance Ranking Tables|
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