Affin Hwang Aiiman Growth Fund
To achieve consistent capital appreciation over the medium to long term by investing in equities and other approved investments which harmonise with Islamic philosophy and laws.
|Fund Category||Islamic Equity Fund|
|Launch Date||08 October 2002|
|Investors’ Profile||The Fund is suitable for you if you are:-
|Investment Strategy||The Fund will focus on achieving its objective by investing a minimum of 70% of the Fund’s NAV into Shariah compliant equities and the remaining will be invested in Islamic money market instruments, Shariah-based deposits, and/or held in cash.
The investment selection process will be focused on companies that are able to provide growth potential over the medium to long term investment horizon. As such, we would adopt a top-down and bottom-up strategy investment approach to identify investment opportunities in the prevailing market. Fundamental analysis will also be carried out to determine the attractiveness of investment ideas. Key factors which are useful in identification of such companies would include sales and profit growth, financial strength and gearing levels, expected future earnings growth, share price valuation as well as management quality.
To maintain liquidity, the Fund will invest into Islamic money market instrument and/or make placement of Shariah-based deposits with financial institutions. The Fund will also have the flexibility to hold exposure in Shariah-compliant warrants as well as Shariah-compliant collective investment schemes that have similar investment objectives to the Fund.
Temporary Defensive Position
Policy on Active and Frequent Trading of Securities
|Minimum Initial Investment||MYR1,000|
|Minimum Additional Investment||MYR100|
|Sales Charge per Unit||
*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% of the NAV of the Fund per annum|
|Trustee Fee / Custodian fee||Up to 0.07% of the NAV of the Fund per annum, subject to a minimum of RM 18,000 per annum (excluding foreign custody fees and charges.)|
|Transfer Fee||MYR 5.00 per transfer|
|Performance Fee and Hurdle Value||Not Applicable|