Pheim Asia Ex-Japan Islamic Fund (PAXJI)

The Pheim Asia Ex-Japan Islamic Fund is an equity/ growth fund that aim to achieve capital appreciation in the long term by investing primarily in Asian markets excluding Japan through investments that comply with Shariah requirements.

Prospectus Date  1 November 2006
Initial Offer Period  21 days from 1 November 2006 to 20 November 2006
Initial Selling Price  RM1.00 per unit
 Approved Fund Size  200 million units

Fund Characteristics:

Objective of the Fund PAXJI aims to achieve capital appreciation in the long term by investing primarily in Asian markets excluding Japan through investments that comply with Shariah requirements.
Investor Profile  Suitable for investors who prefer long-term positive capital appreciation and a portfolio with investments in the countries of Asia Pacific region excluding Japan rather than a restricted portfolio of domestic securities.The fund will only be available to investors who are:

  1. Malaysian residents with no Domestic Credit Facilities.
  2. Malaysian individuals with Domestic Credit Facilities and have less than RM1 million invested abroad for current year.
  3. Malaysian corporations with Domestic Credit Facilities (minimum shareholders fund of RM100,000 and operated more than 1 year) and have less than RM50 million invested abroad for current year.
  4. Non-Malaysian residents.
Investment Strategy Invest in securities listed on the stock exchanges of the Asia Pacific region excluding Japan with initial focus in ASEAN countries, Hong Kong SAR, China, Taiwan, Korea, Australia, New Zealand and India that comply with Shariah requirements.
Asset Allocation
  • Minimum 70% and maximum 95% in Shariah compliant securities
  • Remaining balance not invested in equities or equity related securities will be invested in Sukuk and Shariah-based liquid assets.
Performance Benchmark The Benchmark is 7% growth in NAV per annum over the long term.

Fees and Charges:

Sales Charge Maximum rate of sales charge – 5%
Management Fee 1.50% p.a. of the NAV of the Fund. The fee is calculated daily and paid on a monthly basis
Trustee Fee 0.07% p.a. of the NAV of the Fund subject to a minimum fee of RM18,000/- (excluding foreign sub-custodian fees). The fee is calculated daily and paid on a monthly basis.
Switching Fee
  • Free one switch per account per calendar year.
  • Subsequent Switch: 1.00% of the amount switched or RM100, which ever is lower. Switching fee will be deducted from the switching proceed.

* Kindly refer to the prospectus for more information.