AMB SHARIAH VALUE PLUS FUND
(AMBSVPF)
Manager Amanah Mutual Berhad
Type of Fund Growth
Category of Fund Equity (Shariah)
Trustee CIMB Islamic Trustee Berhad
External Investment Manager Kenanga Islamic Investors Berhad
Investment Committee Members
  • Tun Ahmad Sarji bin Abdul Hamid (Chairman) (Non-Independent member)
  • Tan Sri Dato' Dr. Wan Mohd. Zahid bin Mohd. Noordin (Independent member)
  • Tan Sri Dato' Md. Desa bin Pachi (Independent member)

(Note: The Investment Committee members are also members of AMB's Board of Directors)
Shariah Committee Members
  • Dato' Dr. Abdul Halim bin Ismail (Chairman)
  • Prof. Datuk Dr. Syed Othman bin Syed Hussin Alhabshi
  • Prof. Dato' Dr. Abdul Monir bin Yaacob
  • Prof. Dato' Dr. Mahmood Zuhdi bin Hj Ab Majid
Launch date Tuesday, 16 June 2015
Initial Offer Period 21 days from launch date i.e. 16 June 2015 – 6 July 2015 during which purchase for units is made based on the initial offer price.

Investment Objective

The Fund aims to provide investors with capital growth through investments in Shariah-compliant securities that are trading at a discount to their intrinsic values.


Any material change to the investment objective of the fund would require unit holders' approval.

Investment Philosophy

The Fund seeks to maximise total returns by providing investors mainly from capital appreciation through diversified investments in Shariah-compliant stocks that are trading at a discount to their intrinsic values listed on Bursa Malaysia and in Asia Pacific ex-Japan market. These countries may include, but not limited to Singapore, Indonesia, Thailand, Philippines, India, Hong Kong and China (via the Hong Kong Stock Exchange), Korea, Taiwan, Australia and Vietnam.

The Fund aims to minimise its downside risks through its diversified Shariah-compliant investments in multiple markets.

Asset Allocation
  • Min 70% to max. 98% in Shariah-compliant equities and equity related securities i.e. warrants, exchange traded funds, preferred shares, convertible loan stocks, transferable subscription rights and depository receipts.
  • Min 2% to max. 30% in Islamic deposits and/or Shariah-compliant money market instruments.
Temporary Defensive Positions The Fund's investment strategy includes temporary defensive positions to deal with adverse market, economic, political and other conditions. In this regard, the Fund may reallocate the Fund's Shariah-compliant equity investments into other asset classes such as sukuk, Shariah-compliant money market instruments and Islamic deposits, which are defensive in nature.
Benchmark

The benchmark is an absolute of 8% annualised growth in net asset value (NAV), compounded over the long term* period.

Please note that this is not a guaranteed return, but a benchmark against which the performance of the Fund may be measured.

*'long-term' is a period with a minimum of 5 years.

Classes of the Fund
Class A-MYR** C-MYR** B-SGD B-USD B-JPY
Currency denomination of Units MYR MYR SGD USD JPY
Category of investor Retail Institutional Retail Retail Retail
Distribution policy Distribution of income Distribution of income Accumulation Units Accumulation Units Accumulation Units
Initial offer price MYR 0.50
per Unit
MYR 0.50
per Unit
SGD 0.50
per Unit
USD 1.00
per Unit
JPY 10 000
per Unit
Minimum initial investment MYR 500 MYR 1 Million SGD 500 USD 500 JPY 200 000
Minimum additional investment MYR 100 MYR 5,000 SGD 100 USD 100 JPY 100 000
Minimum balance requirement 100 Units 100 Units 100 Units 100 Units 1 Unit

**These classes are only offered in Malaysia.
Eligibility Individuals both Malaysians and foreigners, corporate and institutional investors.
Investors' Profile The Fund is suitable for investors who:
  • are willing to accept risks for returns presented by the equity markets in Malaysia and Asia Pacific ex-Japan markets;
  • are seeking investments that are in accordance with Shariah Principles;
  • and have a long term investment horizon of a minimum of 5 years.

Benefits of Investing in AMBSVPF

Value Investing
AMBSVPF will be investing in Shariah-compliant companies that are competitive and well-managed and that offer good prospects with sustainable growth which contributes to raise the intrinsic value of a company over a long term period of 5 years. The Fund's benchmark is an absolute benchmark of 8% annualised growth in NAV, compounded over the long term period.

Investment Through Diversification
AMBSVPF aims to minimise downside risks by investing in a diversified range of Shariah-compliant equities listed on Bursa Malaysia. The Fund may also invest up to 30% of the Fund's net asset value in the Asia Pacific ex-Japan market which may include, but not limited to, countries such as Singapore, Indonesia, Thailand, Philippines, India, Hong Kong and China (via the Hong Kong Stock Exchange), Korea, Taiwan, Australia and Vietnam.

Adherence to the Shariah Principles
AMBSVPF has been specially designed with adherence to the Shariah principles as advised by the Fund's Shariah committee. The Shariah committee members of the Fund comprise of Islamic scholars who monitor the investment activities of the Fund.

Accessibility
Investors can easily access any of the fund's distribution channels to perform any enquiry or transaction. Kindly refer to the Fund's Prospectus for the list of appointed distribution channels. Alternatively, you may call AMB Client Services Unit at +603-2034 0800 or email at ambcare@pnb.com.my for further details.

 

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Investors are advised to read and understand the contents of the Prospectus for AMB Shariah Value Plus Fund dated 16 June 2015 and expires on 15 June 2016, and the Product Highlights Sheet (PHS) before investing. This Prospectus has been registered and lodged with the Securities Commission Malaysia. Among others, investors should consider the fees and charges involved. The price of units and distributions payable, if any, may go down as well as up. Where a distribution is declared, investors are advised that following the distribution, the NAV per unit will be reduced from cum-distribution NAV to ex-distribution NAV. Investments in the fund is exposed to equity risk, credit risk, interest rate risk, currency risk, class currency risk, reclassification of Shariah status risk, country risk and settlement risk. Units will only be issued on receipt of an application form referred to and accompanying the Prospectus, which can be obtained at Amanah Mutual Berhad, and any distribution channels as mentioned in the Prospectus.