The Fund seeks to provide investors with a regular income stream and high level of liquidity to meet cash flow requirements while maintaining capital preservation.
Money Market Fund
22 August 2006
The Fund is suitable primarily for low risk Qualified Investors, who are generally conservative, risk averse and prefer a short-term investment that complies with the Shariah requirements.
The Fund shall invest in Islamic money market instruments, including Islamic deposits, Islamic Negotiable Instruments and Islamic Accepted Bills. The strategy for investment in Islamic money market instruments would be driven by the interest rate outlook for the market over the medium to long term horizon. This will enable the Manager to decide on the maturity structure for the Fund. Relative return analysis will be conducted between Shariah-compliant securities with the same credit ratings. The Manager will constantly seek potential credit upgrade issues to maximize returns to Unit Holders.
The Fund will invest about 90% to 100% in Islamic money market instruments with maturity of not more than 365 days. Up to 10% of the NAV of the Fund is to be invested in Islamic money market instruments with remaining maturity exceeding 365 days but no longer than 732 days.
Minimum Initial Investment
Minimum Additional Investment
FEES & CHARGES
Sales Charge per Unit
Annual Management Fee
Up to 0.5% per annum of the NAV of the Fund.
Trustee Fee / Custodian fee
0.05% per annum of the NAV of the Fund, subject to a minimum fee of RM18,000 per annum.
Not applicable as switching out of this Fund is not allowed.