MAAKL Mutual today announced the launch of the MAAKL-HDBS Shariah Progress Fund, an Islamic equity small-cap fund, that gives investors the opportunity to invest in Shariah-compliant growth companies in Malaysia.
CEO of MAAKL said:"The investment objective of MAAKL-HDBS Shariah Progress Fund is to provide unit holders with steady long-term capital growth at a reasonable level of risk by investing in a diversified portfolio of small to medium capitalized Shariah-compliant equities and equity-related instruments."
Investment Style & Strategy
The fund will invest primarily in a diversified portfolio of small to medium size Malaysian equities which comply with Shariah requirements. The fundamental investment process will be geared towards identifying and investing mainly in growth companies listed on Bursa Malaysia which are not part of the FTSE Bursa Malaysia KLCI Index constituents.
Various tools will be used to facilitate the valuation process, including price over earnings ratio, the discounted cash flow model and enterprise value over earnings before interest, depreciation and taxation. Meanwhile, Islamic money market instruments are only used to maintain liquidity position and also as a short-term alternative should the equity market become extremely volatile. These include term Shariah-based deposits, Islamic repo and short-term cash placements with financial institutions.
Does this fund suits you?
This is an equity fund, and it is suitable for investors who:
- are willing to accept a higher level of risk
- seek to maximize long-term capital appreciation from their investments
- have a low income stream requirement
- have a medium-to-long term investment horizon (3 - 5 years)
Who is the fund manager?
In this collaboration, MAAKL has appointed HwangDBS Investment Management Berhad as the fund manager for this fund.
Source: MAAKL Mutual
Click here to read the prospectus