The Fund seeks to provide capital growth over the Medium to Long Term by investing in Shariah Compliant equities and equity-related securities with exposure to the ASEAN markets.
Initial Offer Period: 21 days commencing from 6 June 2011 to 26 June 2011 at RM0.50 per unit.
Financial Year End: 30 June.
Distribution Policy: Income distribution (if any) is incidental.
Performance Benchmark: The S&P Shariah ASEAN Index.
The Fund is suitable for investors:
- seeking to participate in an investment of the fast growing ASEAN economies; and
- who are willing to take higher risks in anticipation of potentially higher returns over the Medium to Long Term.
To achieve the investment objective, 70% to 98% of the Fund's NAV will be invested in a diversified portfolio of equities and equity-related securities which are Shariah Compliant, issued by companies listed in the ASEAN countries, and including securities listed in non-ASEAN countries but with their core business in the ASEAN markets. Core business in this respect means
the major business of the company, where majority of the company’s revenue (at least 50%) is derived from the ASEAN country(ies) at the point of investment.
The Investment Manager will review the securities on an annual basis. In the event the company’s revenue deriving from ASEAN country(ies) falls below 50%, the Investment Manager will dispose the security within three (3) months from the date of review provided the investment is not below cost.
The Fund will hold a minimum of 2% of its NAV in liquid assets.
ASEAN member countries comprise of Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
For the life of this Prospectus, the Fund will invest in the ASEAN-5 member
countries (comprising Indonesia, Malaysia, Singapore, the Philippines and
- 70% to 98% of the Fund’s NAV will be invested in equities and equity related securities that conform to Shariah Principles; and
- A minimum of 2% of the Fund’s NAV in liquid assets.
Fees & Transactions
|Fees & Charges|
|Switching Fee||6% (Switching between funds may be subject to a fee of 6%.)|
|Free Switches Yearly||N/A|
|Annual Management Fee||1.8%|
|Investment||Initial: RM1,000 |
|Regular Investment||Initial: N/A|
|Account Balance||1,000 units|
|Prospectus||Refer to company website or branch office.|
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