MANULIFE SHARIAH PRS - MODERATE FUND

Investment Objective

  • The Fund aims to facilitate accumulation of retirement savings* through a combination of income# and capital growth over the long term

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

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

Member profile

The Fund is suitable for Members who:

  • have a moderate risk appetite;
  • seek capital appreciation on and distribution of Units from their contributions;
  • seek an additional retirement savings* scheme other than EPF;
  • are not statutorily obliged to contribute to EPF;
  • 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

50% FTSE Bursa Malaysia EMAS Shariah Index + 50% 12-month Maybank Islamic Fixed Deposit-i rate.

Note: Members should be aware that the risk profile of the Fund is not the same as the risk profile of the benchmark.

Investment Strategy

To achieve the objective of the Fund, the Provider will at all times invest a minimum of 40% up to a maximum of 60% of the Fund’s NAV in Shariah-compliant equities and/or equity-related securities.

That part of the Fund’s NAV not invested in Shariah-compliant equities and/or equity-related securities will be invested in Sukuk and Islamic commercial papers.

Further, the Fund may invest up to 30% of the Fund’s NAV in foreign Shariah-compliant equities of companies which are domiciled in /listed in/ or have significant operations* in the Asia-Pacific markets, which include, but not limited to Australia, China, Hong Kong, India, Indonesia, Japan, New Zealand, the Philippines, Singapore, South Korea, Thailand, Taiwan, and Vietnam.

*Significant operations means the revenue, earnings, production facilities, assets and/or investments of a company are based in/ derived from the Asia Pacific region. The level of significance will be determined by the Fund Manager on a case-by-case basis based on his/ her research and judgement.

For the allocation of sukuk, the Fund may, for a period of 5 years from 23 July 2018 or until all three (3) core Funds reach RM25 million respectively (whichever is earlier), invest in Shariah-compliant Sukuk CISs managed by the Provider up to 60% of the Fund’s NAV in a single Shariah-compliant sukuk CIS.

Asset Allocation

The Provider will at all times invest a minimum of 40% and a maximum of 60% of the Fund’s NAV in Shariah-compliant equities and/or Shariah-compliant equity-related securities; the remainder of the Fund’s NAV will be invested in sukuk, Islamic money market instruments and Islamic deposits with financial institutions.

    
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