MASEF aims to achieve long-term capital growth for investors through investments in a portfolio of Shariah-compliant equities. Any material changes to the investment objective of MASEF would require the Unit Holders’ approval.
MASEF can only be sold or marketed to sophisticated investors.
MASEF aims to invest at least 70% of its NAV in Shariah-compliant equities listed in Bursa Malaysia that offer long-term growth potential. The remainder of the MASEF’s NAV not invested in Shariah-compliant equities will be invested in Islamic Deposits and/or Islamic money market instruments up to a limit of 30% of MASEF’s NAV.
The Manager adopts both “top-down” and “bottom-up” strategies when constructing the portfolio of Shariah-compliant equities. “Top-down” strategy will take into consideration among others; economic outlook, equity market outlook, investor sentiment and market cycle. Meanwhile, the “bottom-up” strategy includes focusing primarily on investing in companies that have robust fundamentals, strong earnings potential, attractive valuations, and good corporate governance.
MASEF is actively managed and targets to provide consistent returns. However, the frequency of its trading strategy will depend on the market opportunities.
Poor management of MASEF may jeopardise the investment of each Unit Holder. Therefore, the Manager shall set investment objectives, policies, and appropriate strategies before any investment activities can be considered. However, there can be no guarantee that these measures will produce the desired results.
Annually, depending on the level of income (if any) MASEF generates and at the discretion* of the Manager after deducting all fees, zakat, and expenses including management fee and trustee fee.
Note: The Manager has the discretion with due consideration for the best interest of MASEF, to decide on the amount to be distributed to the Unit Holders. If the distribution available is too small or insignificant, the Manager may choose not to distribute the income as the distribution may not be beneficial to the Unit Holders as the total cost to be incurred in such distribution may be higher than the amount available for distribution.
The Manager may take temporary defensive positions that may be inconsistent with MASEF’s investment strategy in attempting to respond to adverse market, political or economic conditions. Under such situations, MASEF may hold up to all of MASEF’s NAV in Shariah-compliant money market instruments and placement in Islamic deposits. The defensive positions may be adopted for a time period as the Manager considers appropriate in consultation with the Trustee.
