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.