Affin Hwang Aiiman Select Income Fund
The Fund seeks to provide investors with regular income stream through Shariah-compliant investments.
|Fund Category||Mixed asset (Conservative) Fund|
|Launch Date||1 March 2013|
|Investors’ Profile||This Fund is suitable for investors who:-
* Income distribution will either be made in the form of Units or in cash.
|Investment Strategy||The Fund will focus on achieving its objectives by investing in a diversified portfolio consisting a minimum 60% of its NAV in Sukuk and Islamic money market instruments, a maximum 40% of its NAV in Shariah-compliant equities and the remaining of its NAV in cash and Islamic deposits with financial institutions.
The Fund may employ Shariah-compliant derivative investments for hedging purposes by participating in instruments such as forward exchange contracts, and cross currency swaps.
We have the option to take temporary defensive measures that may be inconsistent with the Fund’s principal strategy and asset allocation to protect the Fund against adverse market conditions. To manage the risk of the Fund, we may shift the Fund’s focus into lower risk investments such as Islamic deposits with financial institutions or Islamic money market instruments. Similarly, we may also look at investing into assets that are negatively correlated to the main strategy of the Fund, such as inverse Shariah-compliant exchange traded funds.
|Asset Allocation||The Fund asset allocation range is as follows:-
|Minimum Initial Investment||RM1,000|
|Minimum Additional Investment||RM100|
|Sales Charge per Unit||Up to 3.00% of the Fund’s NAV|
|Annual Management Fee||Up to 1.20% of the NAV of the Fund per annum|
|Trustee Fee / Custodian fee||RM5.00 per transfer|
|Transfer Fee||Up to 0.08% of the NAV of the Fund per annum (excluding foreign sub-custodian fees and charges)|
|Performance Fee and Hurdle Value||Nil|