MANULIFE SHARIAH PRS-GLOBAL REIT FUND

Investment Objective

  • The Fund aims to provide regular income# and capital appreciation by investing in one Islamic collective investment scheme, which invests mainly in Islamic REITs.

    #Income declared will be reinvested in the form of additional Units issued to Members.

Member profile

The Fund is suitable for Members who:

  • seek investment exposure mainly through a diversified portfolio of REITs globally;
  • seek a sustainable distribution of Units and potential capital growth on their contributions over medium to long-term (means the period of three(3) to five (5) years);
  • seek an additional retirement savings* scheme other than mandatory retirement scheme;
  • are not statutorily obliged to contribute to mandatory retirement scheme;
  • are employers who wish to contribute on behalf of their employees having the aforesaid characteristics; and/or
  • seek to invest in a Shariah-compliant investment.

    *Please note that this Fund is neither capital guaranteed nor capital protected, therefore, a Member’s capital is neither guaranteed nor protected.

 

Performance Benchmark

IdealRatings® Global REITs Islamic Select Malaysia Index, which is also the performance benchmark of the Target Fund.

Investment Strategy

The Fund will invest at least 95% of the Fund’s NAV in the Manulife Shariah Global REIT Fund (“Target Fund”), while the balance will be invested in Islamic liquid assets such as Islamic money market instruments and placement of Islamic deposits with financial institutions for liquidity purposes.

The Fund's portfolio will be closely monitored and rebalanced from time to time to ensure that the Fund’s asset is allocated in accordance with its prescribed asset allocation.

If the Provider is of the opinion that the Target Fund no longer meets the Fund’s objective, the Provider will, in the interest of the Members, seeks the Scheme Trustee’s consultation and subject to the Member’s approval, replace the Target Fund with another Islamic collective investment scheme of a similar objective.

Asset Allocation

At least 95% of the Fund’s NAV will be invested in the Target Fund; and balance of the Fund’s NAV in Islamic liquid assets such as Islamic money market instruments and placement of Islamic deposits with financial institutions for liquidity purposes.

    
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The benchmark of the Fund is IdealRatings Global REITs Islamic Select Malaysia Index and it is used as a reference for investment performance comparison purpose. The Fund is not sponsored, endorsed, sold or promoted by IdealRatings or any of its subsidiaries or affiliates (“IdealRatings”). IdealRatings make no representation or warranty, express or implied, to the Manager or any member of the public regarding the advisability of investing in securities generally or in the Fund particularly or the ability of IdealRatings Global REITs Islamic Select Malaysia Index (the “Index”) to track general market performance. IdealRatings’ only relationship to the Fund and the Manager is the licensing of the Index, which is determined, composed and calculated by IdealRatings or its licensors without regard to the Manager or the Fund. IdealRatings has no obligation to take the needs of the Manager or the owner of the Fund into consideration in connection with the foregoing. IdealRatings is not responsible for and has not participated in the determination of the timing of, prices at, or quantities of the Fund to be issued or in the determination or calculation of the equation by which the Fund is to be converted into cash. IdealRatings has no obligation or liability in connection with the administration, marketing or trading of the Fund.