The Fund is to provide investors with the opportunity to gain reasonable return and capital growth in the medium to long term period by investing in Shariah-compliant securities whilst at the same time the Manager will attempt to match closely its performance with the performance of the FTSE Bursa Malaysia EMAS Shariah Index (FBMSHA).
The Fund shall invest in a diversified portfolio of Shariah -compliant securities listed on Bursa Malaysia, primarily in stocks constituent of the FBMSHA. It is a passively managed index fund whereby the designated fund manager constructs the Fund’s investment portfolio based on an index sampling approach by investing not less than 60% of the Fund;’s NAV in the top 15 constituent Shariah-compliant stocks of the FBMSHA that represent approximately 61% of the market capitalization of the index (as at LPD). The balance will be invested in the next remaining constituent Shariah-compliant stocks of FBMSHA and any other Shariah-compliant securities listed on Bursa Malaysia.
The Fund is suitable for investors who have a moderate risk tolerance level, medium to long terms investment horizon and seeking a return close to the market performance by investing in a fund that conforms to Shariah Principles.
The performance benchmark of the Fund is 8.4% [moderate] growth (3 years Fund Volatility) as per Lipper Analysis on 10.01.2020.