Affin Islamic Money Market

Overview

Objective

To provide short-term liquidity and income, whilst maintaining capital stability by investing in a diversified portfolio of Islamic money market instruments.

Initial Offer Period: Only 1 day ie the launch day on 13 Nov 2008 at RM0.50 per unit.
Financial Year End: 31 Aug.
Distribution Policy: Quarterly, if any, will be automatically reinvested into additional units.

Investor Profile

Suitable for investors:

• who seek regular income in a highly liquid investment,
• who want diversification from other asset classes such as equities, fixed income securities and fixed deposits,
• with a short-term investment horizon of 1 year and below.

Strategy

This Fund will be structured as an open-ended fund with a target asset allocation of:

• up to 90% invested in Islamic money market instruments as well as Islamic debt securities and placements of Islamic deposits with licensed financial institutions, all of which are highly liquid with maturity period less than 365 days.
  
• Up to 10% of the Fund may be invested in Islamic debt securities which have a remaining maturity period of more than 365 days but less than 732 days.

The investment approach is to invest a majority of the assets in short-to-medium term Islamic money market instruments with a focus on instruments that provide above-average yields compared to savings and fixed deposit rates while providing liquidity by effectively balancing risk and return across the portfolio as a whole.

These Islamic money market instruments can include Mudarabah Interbank investment (MII), Wadiah Acceptance, Government Investment Issue (GII), Bank Negara Negotiable Notes (BNNN), Sell and Buy Back Agreement (SBBA), Cagamas Mudharabah Bonds (SMC), When Issue (WI), Islamic Accepted Bills (IAB), Islamic Negotiable Instruments (INI), Islamic Private Debt Securities, Ar Rahnu Agreement-I (RA-i), Sukuk BNM Ijarah (SBNMI), Commodity Mudarabah.

Fees & Transactions

Fees & Charges
Sales Charge	0.00%
Redemption Fee	None
Switching Fee	N/A
Free Switches Yearly	N/A
Annual Management Fee	0.5%
Management Expense Ratio (MER)	0.01%

Transactions (Minimum)
Investment	Initial: RM5,000 Additional: RM1,000
Regular Investment	Initial: N/A Additional: N/A
Account Balance	10,000 units
Switching	N/A

Investment Return

Investment Return as at 2010-09-09
3 Month Return	0.08%
6 Month Return	0.06%
1 Year Return	-0.49%
3 Year Return
5 Year Return
Investment performance information as on bid to bid basis. Nett distributions reinvested. For reference only.

Downloads

Fund Documents
Prospectus	Refer to company website or branch office.