BANK ISLAM PREMIER FUND

Shariah-Mixed Assets Fund (Wholesale)
Type of Fund
Income, Growth
Tags
Wholesale
Commencement Date
17 November 2020
Financial Year End
31 May
Investor Risk Profile
Medium to High
Trustee
DEUTSCHE TRUSTEES MALAYSIA BERHAD 200701005591 (763590-H)
Benchmark
Average return of 5% p.a. over a period of 5 years

Note: The Fund will be measured against an absolute return benchmark of 5% per annum over a period of 5 years. This is not a guaranteed return and it is only a measurement of the Fund’s performance. The Fund may or may not achieve 5% per annum growth rate in any particular financial year but targets to achieve this growth rate through a 5 years period.

Manager
BIMB INVESTMENT MANAGEMENT BERHAD 199301021508 (276246-X)
Investment Objective

The Fund seeks to provide Medium to Long Term return through capital appreciation and income distribution.
Note :
* Income distribution will be in the form of cash or additional Units.
** The Fund is not a capital guaranteed fund or a capital protected fund.

Asset Allocation

Maximum of 70% - Collective Investment Scheme(s)

Minimum of 30% - Bank Islam’s investment account, Islamic deposits and money market instruments.

Investor's Profile

The Fund is suitable for Sophisticated Investors who are:

  • seeking potential regular income higher than Islamic deposits account; and
  • able to tolerate medium to high risk.

Specific Risks Associated with Investing in the Fund

  • Shariah Status Reclassification Risk
  • Collective Investment Scheme (“CIS”) Risk
  • Liquidity Risk
  • Country Risk
  • Currency Risk
  • Related Party Transaction Risk
  • Credit/Default Risk
  • Profit Rate Risk

Investment Policy and Strategy

The Fund will be investing a maximum of 70% of the Fund’s NAV in Collective Investment Scheme(s)* managed by the Manager and a minimum of 30% of the Fund’s NAV will be placed in Bank Islam’s investment account, Islamic deposits and money market instruments.

*Restricted to BIMB-Arabesque fund(s) which is/are structured as feeder fund and/or Collective Investment Scheme(s)* that is/ are managed by the Manager and advised by Arabesque only

Distribution Policy

Subject to availability of income, the Fund will distribute income on a yearly basis.