AmInvest’s Islamic equity fund, AmIttikal, has obtained above-average risk-adjusted returns compared to its peers in the Equity Malaysia (Islamic) category of the Lipper Global Classification categories.* For the past five years, the Fund has registered returns of 112%, more than three times its performance benchmark returns of 34%.*
AmIttikal is designed as a
medium to long-term investment with an objective of producing ‘halal’
income and to a lesser extent capital growth.
“Today we see investors’ appetite (on) a much heavier emphasis on consistent income generation. The Fund has consistently paid out semi-annual income distribution as far back as 2005.** At present, the Fund invests primarily in Malaysian equities comprising mainly big cap stocks that are backed with strong balance sheets, cash flow and consistent dividend payments.
"Positive indicators including the steady growth trajectory for the Malaysian economy of 4.5% to 5.5% in terms of gross domestic product (GDP) for 2014, underpinned by improvement in external demand*** is expected to drive earnings growth, which will bode well for this Fund,” said Mohd Fauzi Mohd Tahir, Executive Director and Head of Equities, AmInvest.
He added, “The fund was the first shari'ah-compliant equity fund in the country to be based on a mudharabah structure, which in simplest terms is a profit sharing structure.**** This underlying concept is very much aligned to the wants of investors of shari'ah-compliant investment solutions which is why we have seen continued interest in this fund.”
For more details on the fund, please refer to the AmInvest Master Prospectus dated 10 September 2013 (expires on 9 September 2014) via www.aminvest.com, or visit an AmBank branch to request a copy of the Prospectus and its application form.
*Lipper Investment Management for the period 31 March 2009 to 31 March 2014, performance based on total returns with income distributions reinvested. The performance benchmark for this Fund is the Malayan Banking Berhad 12-months Islamic General Investment Account plus 3% spread. Data extracted 10 April 2014.
**AmInvest unit trust performance data as 31 March 2014, performance based on time weighted return. Data extracted 11 April 2014.
***The 2013 Bank Negara Malaysia Annual Report, available online via www.bnm.gov.my. Data extracted 11 April 2014.
****Lipper Investment Management as at September 2013, based on launch date.