Fund Manager

BIMB Investment Management Berhad

Fund Category/ Type

Equity Fund/ Growth Fund

Trustee

ABB Trustee Berhad

Investment Objective

To achieve long term capital appreciation by investing in a diversified portfolio of equities, bonds and money market instruments.

Any material changes to the investment objective of the Fund would require Unit Holder’s approval. 

Investment Strategy

In line with the objective of the Fund is to achieve a long-term capital growth, the investment of the Fund would be biased towards stocks of companies that could offer potentially increase in value (prices) rather than steady incomes. To reach this objective, equity investment will represent a dominant part of the portfolio (up to 70% of the fund’s NAV). Accumulation of stocks of companies that are expected to show above-average future earnings growth are generally could offer future abnormal returns in medium to long term and therefore enhance the Fund’s portfolio return. The Fund may also invest in stocks of small and mid-size companies (based on market capitalization) that are undervalued which normally could generate higher than average returns in relative to the market or other stocks with similar risk characteristics. Accordingly, the Fund Manager may adopt an active trading strategy to further enhance the Fund’s potential returns.

The Fund may also invest in bond which is generally for capital preservation and to achieve a moderate capital appreciation. The remaining of the portfolio will include cash (short-term money market instruments) mainly to ensure liquidity.

Asset Allocation (Indicative)

However, during uncertain market condition, the fund manager may take temporary steps that may not be consistent with the fund’s asset allocation policy.

Performance Benchmark

70% KLSI + 30% Fixed Deposit 1-Year BIMB

70% based on the percentage change of the KLSI and 30% based on the 12 Month BIMB General Investment Account.

Principal Risk

Market risk, specific security risk, interest rate risk, credit/default risk, liquidity risk, non compliance with Shariah requirement risk.

The interest rate risk is a general economic indicator that will have an impact to the management of the fund regardless of whether it is a Shariah-based fund or otherwise. It does not in any way suggest that this fund will invest in fixed income securities, which are not approved by Shariah. All the investments carried out for this fund are in accordance with the requirement of Shariah.

Investor Profile

Suitable for investors who seek moderate to high capital appreciation over the medium to long term period.

Investment Time Horizon

3 to 5 years or more.

Date Launched

27 December 2001

Financial Year End

31 August

Approved Fund Size

400 million units

Risk profile

Moderate to High

Typically, investment in growth stocks could provide better upsides on returns than blue chip stocks. But higher expected return also implies higher risks to the investors. Therefore, the investors should be prepared to accept some interim price volatility, of which sometimes can be significant to achieve that higher return.

Income Distribution (if any)

Consistent with its investment objective, the Fund are expected to make a regular income distribution to the Unit Holder once a year (or interim (half a year)) subject to the availability of investment incomes.

Mode of Income Distribution

Auto-Reinvestments

The Investment incomes would be reinvested for capital growth.

Minimum Initial Investment

RM100

Minimum Additional Investment

RM10

Investment Options

Lump Sum, EPF, Savings.

Cooling-off Period

Unit Holders have the right within six (6) Business Days commencing from the date of receipt of the application by the Manager, to obtain refund of the investment, subject to eligibility

Minimum Holding

100 units

Frequency of Redemptions

No limit

Switching Facility

Available. Unit Holders may switch their investment between ASBI Funds at anytime with no size limit at a switching fee of 1% of the amount switched (subject to a maximum fee of RM500.00). First switch waived.

Fees