New Fund: MAAKL-HDBS Shariah Progress Fund
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 earn...