The Fund is to achieve capital growth over the medium to long term period by investing in a portfolio of investments that comply with Shariah Principles.
The Fund adopts a tactical asset allocation strategy and has the flexibility to rebalance its allocation between the different asset classes of Shariah-compliant equities and Shariah-compliant equity-related securities, and non-equity investments including sukuk, Islamic money markets instruments, Islamic deposit placements and/or other Shariah-compliant permitted investments, depending on market conditions. Its equity allocation or non-equity allocation may range between 0% and 100% of the NAV of the Fund.
The Fund is suitable for investors who have a moderate risk tolerance level, medium to long term investment horizon, seeking income and capital growth from a tactical Shariah-compliant fund, preferable in a fund that conforms to Shariah Principles.
The performance benchmark of the Fund is 10.9% growth (3 years Fund Volatility) as per Lipper Analysis 10.01.2020.