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|
|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:
|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.|
|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.|
* Kindly refer to the prospectus for more information.