PMB SHARIAH ASEAN STARS EQUITY FUND (USD)**
Category
Equity
Growth
Risk
High
Medium
Horizon
Long
Medium
Daily Fund Price
NAV per Unit (RM)
0.7879
Change (RM)
0.3
Change (%)
61.488
Closing Prices For 06 Dec 2019
*Net Aset Value (NAV) Per Unit
Objective
The Fund aims to achieve capital growth over the medium term to long term period by investing in a diversified portfolio of Shariah-compliant securities.
Financial Year End
31 October
Asset Allocation
The Fund will invest in a diversified portfolio of Shariah-compliant equities listed on any recognized stock exchanges in ASEAN member countries where the respective regulatory authority is an ordinary or associate member of the International Organization of Securities Commissions (IOSCO).
It will invest between 70% to 99.5% of the Fund’s NAV in equities of any of the 300 largest Shariah-compliant companies in terms of market capitalization (at the point of purchase) listed on recognized stock exchange in any of the ASEAN member countries.
Investors Profile
This fund is suitable for investors who:
- Seeking Shariah-compliant investments with growth potential;
- Having medium to long term investment horizon; with
- Medium to high risk tolerant
Principal Risk(s)
- Equity Market Risk
- Stock Specific Risk
- Shariah Status Reclassification Risk
- Warrant Risk
- Liquidity Risk
- Country Risk
- Currency Risk
Trustee
CIMB Islamic Trustee Berhad
Others
Product Highlight Sheet (PHS) | 251 KB | Download File |
What Unit Trust Fund Are You Investing In?
Class of Units | ||
MYR Class | USD Class | |
Name | PMB Shariah ASEAN Stars Equity Fund | |
Category/ Type | Equity (Shariah)/ Growth | |
Initial Offer price | MYR0.5000 | USD0.5000 |
Investment Objective | The Fund aims to achieve capital growth over the medium term to long term period by investing in a diversified portfolio of Shariah-compliant securities. | |
Distribution Policy | The distribution of income, if any, is incidental.
Where the Fund distributes its income, such distribution will be made in the form of additional units and in the currencies in which those classes of units are denominated. The distribution will be credited to your investment account. The value of the reinvestment of distribution will be equivalent to the NAV per unit of each Class of unit on the first business day following the Distribution Date. |
Investment Strategy
The Fund will invest in a diversified portfolio of Shariah-compliant equities listed on any recognized stock exchanges in ASEAN member countries where the respective regulatory authority is an ordinary or associate member of the International Organization of Securities Commissions (IOSCO).
It will invest between 70% to 99.5% of the Fund’s NAV in equities of any of the 300 largest Shariah-compliant companies in terms of market capitalization (at the point of purchase) listed on recognized stock exchange in any of the ASEAN member countries.
The designated fund manager will conduct a relative performance analysis of these 300 largest companies based on the stock price movement, growth potential, profitability and dividend yield. The relative performance analysis is to measure the performance strength among the stocks and aimed at selecting stocks for inclusion in the investment portfolio.
The designated fund manager will conduct the relative performance analysis at least on a monthly basis, or as and when significant changes in political or economic conditions in the countries, market indicators of relevant stock exchanges, or fundamentals of specific stocks that the Fund has held its investment.
The designated fund manager will actively monitor the investment portfolio of the Fund and will trade the stocks depending on the outcome of the relative performance analysis.
The Fund will maintain equity exposure within a range of 70% to 99.5% of its NAV. The remaining balance of the Fund’s NAV shall be invested in Islamic money market instruments, Islamic deposit placement, sukuk, Shariah compliant collective investment schemes and/or other Shariah compliant investment instruments.
The Fund may take temporary defensive positions that may be inconsistent with the Fund’s principal strategy corresponding to adverse economic and/or political conditions or potential sharp downturn in the equities market that may be likely leading to substantial capital loss. In such circumstances, the Manager may reallocate up to 100% of the Fund’s equity investments into other permitted investments, including Islamic money market instruments and/or Islamic deposit placements.
Shariah Principles Applicable
- Investor appoints PMB Investment to manage and invest the Fund under the Islamic contract of ‘Wakalah’ or Agency.
- PMB Investment is appointed to undertake the investment activities on behalf of the investors for ‘Ujrah’ or fee.
Parties Involved
- PMB Investment Berhad: the Manager of the Fund
- CIMB Islamic Trustee Berhad: the Trustee of the Fund
- BIMB Securities Sdn Bhd: the Shariah Adviser of the Fund
Possible Outcomes
As the Fund will invest primarily in the equity market, its NAV and hence your investment capital will be subject to the market fluctuation. ∗Assuming as a result of the market movement, the Fund and your investment may possibly end with the following outcomes:
Movement of the Fund’s NAV | Outcome of your investment capital |
Increase by 10% | Increase by 10% |
Decrease by 10% | Decrease by 10% |
*Other things remain unchanged
PAST PERFORMANCE OF THE FUND IS NOT AN INDICATION OF ITS FUTURE PERFORMANCE.
Total Return
Distribution Highlight
Portfolio Turnover Ratio (PTR)
Asset Allocation
Historical Performance
Total Annual Expenses
You should be aware that
- The value of your investment, and the distribution payable, may go down as well as up.
- The return of the Fund is not guaranteed.
Equity Market Risk
The performance of the Fund is subject to the volatility of the stock market which is influenced by the changes in the economic and political climate, profit rate, international stock market performance and regulatory policies. The movement of the value in the underlying investment portfolio will affect the NAV of the Fund. Any downward movement of the value will negatively impact the NAV of the Fund.
Stock Specific Risk
Prices of a particular stock may fluctuate in response to the circumstances affecting individual companies such as adverse financial performance, news of a possible merger or loss of key personnel of a company. Any adverse price movements of such stock will adversely affect the fund’s NAV.
Shariah Status Reclassification Risk
This risk refers to the risk that the currently held Shariah-compliant equities in the Fund may be reclassified as Shariah non-compliant in the periodic review of the equities by the SAC of the SC, the Shariah Adviser or the Shariah boards of the relevant Islamic indices. If this occurs, we will take the necessary steps to dispose such equities. There may be opportunity loss to the Fund due to the Fund not being allowed to retain the excess capital gains derived from the disposal of the Shariah non-compliant equities.
The designated fund manager will dispose of the equities within one month or such other period as maybe determined by the SAC of the SC if the prices are equal or above the cost of investment. Where the prices are below the cost of investment, the designated fund manager may hold on to the equities until the prices are equal to the cost of investment. If the designated fund manager decides to dispose of the equities below the cost of investment, the Fund will incur a realized loss that negatively impact the Fund’s NAV.
Warrant Risk
Liquidity Risk
Country Risk
Currency Risk
- Currency risk at the Fund’s portfolio level
- Currency risk at the class level
WHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?
Payable directly by you :
You will need to pay the following fees and charges as a percentage of your gross investment sum:
Sales Charge (imposed for every transaction performed) |
IUTA, UTC and direct purchase | 5.0% |
Repurchase Charge | Nil | |
Switching Charge | 1st switching – Nil | |
2nd switching – MYR25 per switching of any Class of units | ||
Transfer Charge | MYR10.00 |
Payable indirectly by you :
Annual Management Fee | 1.8% of the Fund’s NAV |
Annual Trustee Fee | 0.04% of the Fund’s NAV |
Other Fees Charged by the Fund |
|
*Note: In addition, the above fees and charges are subject to the GST at the prevailing rate.
YOU SHOULD NOT MAKE PAYMENT IN CASH TO A UNIT TRUST CONSULTANT OR ISSUE A CHEQUE IN THE NAME OF A UNIT TRUST CONSULTANT
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