| Investment Objective |
The Fund aims to provide capital growth and income over medium to long term^ by investing in a portfolio of Islamic collective investment schemes (“CIS”).
Note: ^ “medium to long-term” in this context refers to a period between 3-5 years.
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| Fund Category | Non – Core (Fund of Funds (Shariah-compliant)). | |
| Investment Strategy |
To achieve its investment objective, the Fund seeks to invest at least 95% of its assets in a diversified portfolio of Islamic CIS (including Islamic real estate investment trusts and Islamic exchange traded funds) to gain exposure to global Shariah-compliant equities, as well as global Islamic fixed income instruments such as sukuk, Islamic money market instruments and Islamic deposits. Through the investment into Islamic CIS, the portfolio of the Islamic CIS may have up to 100% exposure in global Shariah-compliant equities or up to 100% exposure in global Islamic fixed income instruments.
The External Investment Manager takes an active investment strategy in terms of the Fund’s asset allocation. The allocation between the Islamic CIS is done through a combination of macroeconomic data, liquidity trends and the outlook to overweight or underweight a particular Islamic CIS. However, once a decision is made with regard to the actual allocation, the Fund will take a more passive stance by holding on to investments it already owns. Nevertheless, the External Investment Manager will hold the flexibility to actively shift the Fund’s asset allocation should it deem necessary based on the prevailing market conditions. As the Fund will invest at least 95% of its assets into Islamic CIS, the risk management strategies and techniques employed by the External Investment Manager include diversification of the Fund’s investments in terms of its exposure to various Islamic CIS. The External Investment Manager will conduct a stringent screening process by conducting fundamental analysis, and close monitoring of the performance of the Islamic CIS. The External Investment Manager may take temporary defensive positions that may be inconsistent with the Fund’s investment strategy in response to adverse economic, political or any market conditions. |
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| Asset Allocation |
Investments in Islamic CIS | At least 95% of the Fund’s NAV |
| Investments in Islamic liquid assets i.e. Islamic money market instruments that are dealt in or under the rules of an eligible market and Islamic deposits | Balance of the Fund’s NAV. | |
| Performance Benchmark |
35% MSCI World Islamic Index + 25% MSCI Islamic Asia Ex Japan Index+ 40% RHB Islamic Bank Berhad’s 12 months Commodity Murabahah Deposit-i rate
Note: The risk profile of the Fund is not the same as the risk profile of the performance benchmark.
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| Member Profile |
The Fund is suitable for members who are looking for investments in a diversified portfolio of global assets that comply with Shariah requirements and are willing to accept moderate to high risk in their investments in order to achieve medium to long term^ growth and income.
Note: ^ “medium to long term” in this context refers to a period between 3–5years
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| Risks Disclosure |
Reclassification of Shariah Status Risk, Credit/default Risk, Liquidity Risk, Country Risk, Islamic Collective Investment Schemes Risk, Profit Rate Risk | |