New Fund: ASM Syariah Capital Protected Sector Linked Fund
ASM Investment Services Bhd had recently launched its latest fund called " ASM Syariah Capital Protected Sector Linked Fund ". It is a close-ended fund with limited subscription period and a maturity of 3 years. For this Fund, it aim to provide investors with capital protection upon the maturity of the Fund as well as to give investors potential returns higher than the rate of return of the 12-month Kuala Lumpur Islamic Reference Rates (KLIRR), being the selected Fund’s performance benchmark. Please read on for more information... To achieve the capital protection objective, the Fund will invest not less than 88% of the Fund’s Net Asset Value (NAV) in 3-year Islamic Negotiable Instruments of Deposits (INIDs) issued by several premier financial institutions in Malaysia. This will potentially protect investors capital, including a sales charge payable by investors. To realize the potential return objective, the fund will invest up to...