AmPrecious Metals

AmPrecious Metals
Type
Equity Sector Gold & Prec Metals (Islamic)
Company
AmInvestment Services Bhd
Investment Manager
AmInvestment Services Bhd
Launch Date
15-Nov-2007

Overview

Objective

To achieve capital appreciation by investing in a portfolio of global Shariah observant equity and equity-related securities (including, without limitation, depository receipts and convertible securities, but excluding preferred shares, bonds, convertible bonds and warrants) of companies engaged in activities related to gold, silver, platinum or other precious metals.

Initial Offer Period from 15th Nov - 5th Dec 2007 at RM1.00 per unit.
Distribution Policy: Income distributions, if any, will be reinvested.
Financial Year End: 31st May.

Investor Profile

For investors who:

  • seek a global investment strategy that conforms to Shariah principles;
  • want medium to long-term capital appreciation;
  • want to invest in gold, silver, platinum and other precious metals equities, and their related equities.

Strategy

The Target Fund (DWS Noor Precious Metals Securities (Ireland-based), was launched on 17th October 2006 and as at 24th Sept 2007 the totalled fund size is approximately USD9.46 million. The Target Fund aims to invest with global focus. The investment manager for this Target Fund is Deutsche Asset Management (Asia) Limited.

Asset Allocation:

  • A minimum of 95% will be invested in the Target Fund while maintaining up to a maximum of 5% in liquid assets. The Fund is denominated in RM (Ringgit Malaysia)
  • Asset allocation of Target Fund
    - at least two-thirds of its total assets will be invested in equity or equity-related securities of companies engaged in activities related to precious metals.
    - the remaining one-third of the assets of the Target Fund may be held in non-interest bearing cash balances.

Fees & Transactions

Fees & Charges
Sales Charge 5.00%
Redemption Fee1% (if redeemed within 90 calendar days of purchase.)
Switching Fee6% (However, it may be waived or varied at Manager discretion.)
Free Switches YearlyN/A
Annual Management Fee1.8%
Transactions (Minimum)
InvestmentInitial: RM1,000
Additional: RM500
Regular InvestmentInitial: N/A
Additional: N/A
Account Balance 1,000 units
Switching RM500

Downloads

Fund Documents
Prospectus Refer to company website or branch office.

 

Compare AmPrecious Metals with:

CategoryCompany
Equity Sector Gold & Prec Metals (Islamic)
Funds:
AmInvestment Services Bhd
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