The Fund aims to provide investors with stable returns by enabling investors to participate in the growth prospect of the Malaysian market which is in compliance with Shariah principles.
Islamic Equity EPF – MIS
1 August 2007
The Fund is suitable for you if you:-
seek potentially higher returns relative to benchmark and are tolerant to market volatility;
have a medium to long-term investment horizon
The Fund is structured as an open-ended fund with a target allocation of up to 99.8% invested in Shariah-compliant equities and Shariah-compliant equity linked instruments, and maximum of 30% invested in Sukuk and Islamic money market instruments. The selection of Shariah-compliant equity investments of the Fund will be in line with those in the list of Shariah-compliant securities issued by SACSC.
The Manager may invest in Shariah-compliant collective investment schemes that hold similar investment objectives to the Fund’s investment objective. To meet its objective, the Fund will also look at investing into Shariah-compliant equity linked instruments such as rights and Shariah-compliant warrants, as well as unlisted securities. The Fund may invest up to 20% of its NAV in countries where the regulatory authorities are the ordinary or associate members of the International Organisation of Securities Commission (IOSCO).
Temporary Defensive Measures
The Manager may take temporary defensive positions that may be inconsistent with the Fund’s principal strategy by raising cash levels or increasing the Fund’s asset allocation weighting in Sukuk and Islamic money market instruments, in attempting to respond to adverse conditions that may impact the financial markets.
Policy on Active and Frequent Trading of Securities
For the Fund’s trading policy, the Manager will maintain a core holding for the Fund, which it intends to hold over a medium to long-term investment horizon bias, which is similar to a buy and hold philosophy. At the same time, the Manager will also, when the opportunity arises and when there is high conviction, but into the market to benefit from potential market movements to assist with meeting the Fund’s objective.
Up to 5.50% of the NAV per Unit of the Fund.
Investors may negotiate for a lower charge.
The Sales Charge for investors purchasing Units through the EMIS shall be limited to a maximum charge of 3% of the NAV per Unit or as determined by the EPF.
Annual Management Fee
Up to 1.50% per annum of the NAV of the Fund.
Trustee Fee / Custodian fee
Up to 0.08% per annum of the NAV of the Fund, subject to a minimum of RM18,000 per annum (excluding foreign custodian fees and charges).