Launched on 5th May 2011, AmIslamic Funds Management Sdn Bhd presented to investors an opportunity to participate in the growing Asia Pacific region and also investing according to Shariah principles.
The Fund is a Shariah compliant equity fund that seeks to grow the value of investments over the medium to long term by investing in listed equities, equity related investments and other approved instruments across Asia Pacific (ex-Japan) that conforms to the Shariah investment guidelines.
The investment style is active and focuses on strategic structuring of the portfolio. Meanwhile, the investment strategy is to select a core portfolio of low volatility and high dividend stocks with a 3 year time horizon coupled with a value approach to identify undervalued companies due to economic cycles which have been ignored relative to historical patterns.
However, the Manager may adopt temporary defensive strategy by maintaining 100% of the fund's NAV in liquid assets/cash weightings that may be inconsistent with the Fund's principal investment and asset allocation strategy.
The countries in which the Fund will be investing includes but are not limited to Malaysia, Hong Kong (including H-shares which refer to companies incorporated in mainland China that are traded on the Hong Kong Stock Exchange), Korea, Pakistan, Philippines, Singapore, Taiwan, Thailand, Australia, Indonesia and New Zealand.
- 70% - 95% in equity and equity related instruments
- 5% - 30% in liquid assets
The fund is suitable for investors who:
- want investment exposure to Asia Pacifc (ex-Japan)
- seek steady growth-potential capital appreciation with lower volatility
- have medium to long term (3-5 years) investment horizon goals
Interestingly, the base currency of this fund is USD. As such, the initial offering price is USD 0.2000.
Source: Am-Mateen Asia Pacifc Equity fund prospectus
Click here to download the prospectus.