O C T O B E R 2 0 1 7
FOR AL-SYAMIL® FACILITY MEMBERS ONLY PP15885/05/2012 (030056)
AmIttikalfor potential income and growth Page 3
What’s next for PRSin Malaysia Page 6
Realising the Full Potential of Islamic Finance Page 4
Note to Valued Investors Contents
02
Editorial
Editor : Nancy Chow Contributors : Janet Wong (Senior Vice President, Corporate Communications Desiree’ Diane Vanisha & Marketing)
Designer : Razib Abdul Karim Publisher : AmFunds Management Berhad (154432-A)
Syahir Rokib
Fund Focus 03AmIttikal
Feature 04Realising the Full Potential of Islamic Finance
New On Board 06Gan Kong YikHead of Equities (Conventional )
PRS Corner 06The PRS Industry in Malaysia and What’s Next
Announcements 08
Happenings 08
Dear valued investors,
Good day.
Investment opportunities abound for investors who seek them. In this quarter’s Fund Focus section, we highlight our Shariah-compliant equity fund, AmIttikal that can potentially capture opportunities in the equities markets around the world. Our AmIttikal fund is designed as a medium to long-term investment with an objective of producing Shariah-compliant income and to a lesser extent capital growth.1
Islamic �nance has traversed great distances both domestically and globally in the last two decades. Our Features sections highlights an article titled “Realising the Full Potential of Islamic Finance.” Turn to this section to read more about the industry’s growth drivers as well as opportunities within its realm.
Year end is also fast approaching and do you know that you can enjoy tax relief of up to RM3,000 yearly with Private Retirement Scheme (PRS)?2 Our PRS Corner features an interview with Alex Tan Cheng Leong, Head, Retail & Retirement Funds at AmInvest. Hear his thoughts on the current landscape of the PRS industry in Malaysia and opportunities that lie ahead.
Happy investing!
Yours sincerely,
Raja Teh MaimunahCEO AmInvestment Bank & Managing Director,Wholesale Banking, AmBank Group
Sources:1 Please refer to the Master Prospectus of AmInvest dated 10 September 2017. 2 Applicable for 10 years from 2012-2021. Terms and conditions apply. Details at www.ppa.com.
03
Fund Focus - AmIttikal
Investment in unit trust funds involve risks which include the risk of total capital loss with no income distribution. For further details, please refer to the Prospectuses.
Key Reasons to Invest in AmIttikal (Fund)
Access to Shariah-compliant income
• The Fund’s investment strategy conforms to principles of Shariah** and aims to provide potential returns through a regular �ow of Shariah-compliant income.
Source: World Economic Outlook, International Monetary Fund as at April 2017. Forecasts, projections or targets are indicative only and are not guaranteed in any way.
Country / Region Gross Domestic Product (GDP) Growth Forecast (%)
2018 2020 2022
Malaysia 4.7 4.9 4.8
World 3.6 3.7 3.8
United States 2.5 1.8 1.7
Euro Area 1.6 1.5 1.5
Exposure to Malaysia’s growth
• Malaysia’s economic outlook remains broadly favorable.
• Domestic demand is expected to continue to anchor economic growth.
Multidimensional Shariah-compliant* investment strategy
Invests intoDividend paying
Shariah-compliant*companies emphasising
on dividend growth
Invests intoStable cash-�ow
Shariah-compliant*companies withquality earnings
Invests intoShariah-compliant*
companies with stronggrowth potential andattractive valuation
Diversified exposure to core business sectors
• The Fund’s sector allocation:
Trading / Services Finance Industrial products Technology Consumer products Properties Construction Plantations
Infrastructure project companies
Source: AmFunds Management Berhad as at 31 August 2017. Sector allocation is subject to frequent change on a daily basis.
This year, our domestic equity market has risen to new
heights, which is currently riding on a pick-up in the
economy, driven by global trades and government’s
investment on infrastructure projects. Against this backdrop
with the surge of domestic demand, investors can definitely
look for opportunities within the local market.
AmInvest presents to you our flagship Shariah-compliant*
equity fund that invests in our local market – AmIttikal (Fund).
The Fund is designed to provide a potential regular flow of
income and to a lesser extent capital growth, which caters to
investors who have medium to long term investment goals
and want to participate in Malaysia’s growth.
The Fund is managed by us, which is backed by our award winning track record which includes Best
Islamic Asset Management House of the Year, Malaysia (three consecutive years) by The Asset Triple A
Islamic Finance Awards 2017.**
* While the Fund has been structured to conform to Shariah principles, investors should seek their own independent Shariah advisor prior to investing.** The Asset Triple A Islamic Finance 2015, 2016 & 2017, July 2017.
PRS Corner
04
Feature
Realising The Full Potential of Islamic FinanceIslamic �nance has traversed great distance both domestically and globally in the last two decades. From a few �nancial institutions and a small share of the market, the Islamic �nancial industry today is powered by a diverse set of players o�ering a wide-ranging products and services, able to competitively meet the needs of a dynamic economy.
Islamic banking accounts for 28% of total banking assets, while takaful penetration stands at 14.6% of the population. This impressive progress is supported by a comprehensive legal, regulatory and Shariah frameworks.
Malaysia is at the forefront of Islamic Finance Globally and continues to spearhead e�orts to further internationalising the industry. We account for 53% of global total sukuk outstanding while 33% of US$71billion Islamic assets under management globally is managed out of Malaysia.
Malaysia’s experience and progress over the years has made it a valuable source of expertise on Islamic �nance to its global counterparts.
Various forces at play – including those discussed in this pullout, ranging from �ntech to sustainable �nancing to the globalisation of Islamic �nance – will see the beginning of one of the industry’s most exciting phases of development yet. As the industry’s most exciting phases of development yet. As the industry seeks to realise the many opportunities that lie ahead, three perspectives will be important.
First, the potential for innovation in Islamic �nance to create greater value for customers and society at large has yet to be fully explored. While �nance has seen the proliferation of products and services, many customers’ needs remain unful�lled. Whether in Malaysia or globally, people yearn to better their living standards, and opportunities to start and grow businesses.
Innovating to deliver a positive impact on customers demand more than just creativity. It requires empathy. Financial institutions could seek to develop a deeper understanding of real needs and what customers truly value.
Products and services are then designed accordingly, tailored to the customer’s preferences. In some cases, this might require signi�cant investments in technology, or the introduction of a new Shariah contract.
In other instances, this may involve modi�cations to existing practices and processes, such as how a product is structured, marketed or advertised. With the customer at the core of the business model, innovation can ultimately be directed towards creating value to the economy and society.
Second, sustaining growth calls for the Islamic �nance industry to signi�cantly invest in talent to secure a deep pool of Islamic �nance professionals that will drive the industry forward. Importantly, the demands on talent will not be limited to technical expertise and business acumen, but also strong leadership skills to steer organisations through uncertainty.
E�orts are needed to upskill current industry professionals, and to also inject fresh talent that can envision and execute strategies for the Islamic �nance industry of tomorrow. To this end, strategies are underway to further strengthen the Islamic �nance talent development o�erings in Malaysia. INCEIF, ISRA, IBFIM, CIIF and various other bodies are working to elevate the professionalism of talent in Islamic �nance.
Beyond that, individual practitioners will need to take charge of their own personal and professional development, recognizing that human capital investment is a permanent and lifelong process, requiring constant renewal and transformation.
At the same time, there is signi�cant scope for greater adoption and integration of technology within Islamic �nance. Given the unprecedented pace of technological progress in recent years, the relevance and suitability of existing infrastructure should be reassessed.
Financial institutions have to equip themselves not only to be future-proof, but to position for new opportunities to reinvest their o�erings. The industry will need to be adept at adapting. Failing to understand new technologies, or incorporating them within the business, is likely to lead to costly ine�ciencies, and worse, irrelevance.
Third, regardless of the path ahead, it is imperative that progress remains rooted in Shariah objectives. Importantly, the underlying values are
universal. Among others, they emphasise the importance of upholding justice, promoting a more equitable distribution of wealth, and mobilizing capital for socially productive purposes. Indeed, innovation built on these foundations will be a transformative force for the �nancial system as a whole.
Encouragingly, the industry has taken a bold and important step in this direction by embarking on the Value-Based Intermediation initiative. This ambitious undertaking, steeped in the role of Islamic �nance in delivering value and impactful outcomes for the economy, community and environment, is in keeping with the intended outcomes of Shariah.
The challenge now and in the future is in embedding this perspective more deeply within the organizational culture and DNA of Islamic �nancial institutions and ensuring ideals are translated into practical outcomes, particularly in how everyday business is conducted and in the treatment of customers.
Ultimately, Islamic �nance must have a clear focus on their customers, invest for the future and have a moral compass with Shariah as true north. The success of the industry will depend on how well it serves the greater good of their customers, the ummah, and humanity at large. This is the essence of Islamic �nance, and this is its future.
This article was taken from Malaysian Business magazine's special pull-out Oct 2017 and reprinted with permission from Amanie Media Sdn Bhd, the publisher of the magazine.
05
New On Board
Gan Kong Yik | Head of Equities (Conventional), AmInvest
Kong Yik, who has recently joined our investment team, currently manages various AmInvest unit trust and retirement funds. His responsibilities also encompass performing financial analysis, earnings forecasts, valuation of regional banking sectors and making investment recommendations based on these analysis.
Kong Yik holds a Bachelor of Business in Economics and Finance from RMIT University, Melbourne, Australia and a Capital Markets Services Representative’s License for the regulated activity of fund management.
Years of experience in funds management:17 years
Fund Manager for:AmTotal Return, AmDividend Income and retirement funds.
How do you keep yourself in sync with the pace of the markets?Markets are continuously evolving and as such, continuous reading is of upmost importance. My reading list includes dailies, magazines, journals/reports and websites such as Bloomberg news.
Who keeps you motivated at work?Being a fund manager was my dream job as far as I could remember. Finding ways to beat the competition and successfully doing so definitely keeps me motivated!
Who inspires you/What is your motto at work?Never give up!
More about Kong Yik:
Qualifications:Bachelor of Business in Economics and Finance from RMIT, Melbourne, Australia
Hometown:Melaka
Hobbies:Running and cycling
Favourite food:There are so many that I love but curry noodles definitely tops my list!
Favourite travel destination:Japan
What is the quote you live by?For me, adopting and most importantly, maintaining a positive attitude as well as outlook plays a key role in striving to be the best version of myself. There will always be challenges in life and it is how you turn these challenges into opportunities for learning and growth is what matters.
“If you think you can do it, you most likely can.”
How do you de-stress?To unwind, I love running, cycling and most often, watching movies as well. But spending quality time with my lovely family is my uptmost priority, above everything else.
06
Cover StoryPRS Corner
The PRS Industry in Malaysia and What’s Next
AmInvest is an appointed PRS Provider by Securities Commission Malaysia and offers a total of 10 AmPRS funds.
Recently, we sat down with Alex Tan Cheng Leong, Head, Retail & Retirement Funds at AmInvest to talk about the current landscape of the PRS industry in Malaysia and opportunities that lie ahead.
Read excerpts of the interview below.
1. How has the take-up of AmPRS funds been compared against expectations during its launch in 2013?
The take up for AmInvest PRS has been positive since its launch in 2013. Our Assets Under Management (AUM) for PRS more than doubled from RM26.25 million as at our Financial Year Ended (FYE) 2014 (31 March 2014) to RM53.18 million as at FYE 2017(31 March 2017). As of 4 October 2017, our AUM for our PRS funds stands at around RM66.20 million.
2. Do you feel that there is su�cient incentive for the investing public to purchase PRS as part of their retirement planning? If not, how can it be improved?
The PRS Youth incentive has increased the participation rate from 7% of the total contribution in 2013 to 18% as at end 2016.1 Should the incentive be continued beyond 2018, it could further encourage GEN Y and millennials to save for their retirement via PRS. Based on our �ndings, the industry ticket size for PRS is only RM3,000 p.a. so far which shows that PRS is still perceived as a tax-saving product. Corporations do not see an incentive to swing contributions from the Malaysian mandatory retirement scheme to PRS, extra work for them. We propose to make it mandatory for all corporates in Malaysia to also undertake PRS as mandatory bene�t in overall employee bene�ts scheme.
3. How has AmInvest supported the rollout of PRS? Has it done anything di�erent to market the product as compared with your other investment products?
We distribute PRS through AmBank and Corporate Private Retirement Advisors (CPRA).
What makes AmPRS attractive:
• AmInvest o�ers the most diverse range of retirement funds in the market – across asset classes and geographical exposure in both conventional and Shariah-compliant spaces. We o�er a total of 10 AmPRS funds.
• AmInvest is the only PRS Provider in the country that o�ers unique PRS non-core funds in its suite of PRS non-core o�erings, Real Estate Asia Paci�c and bond funds to help investors build and customise their investment portfolios for a comfortable retirement.2
4. Does AmInvest plan on intensifying the marketing and promotion of PRS?
Marketing activities for PRS have always been a priority for us. Our initiatives include:
• Promotional events and roadshows like participation in investment carnivals, conferences and lunch talks.
• Interviews and advertisements e.g. print/digital media, AmBank branch displays etc.
5. How and in what ways do you think we can encourage millennials and employers to take up and promote PRS?
• The growth of the PRS industry is dependent on the development of the capital markets. The mature stock and bond markets will support the growth of the industry. • To get the millennials to invest, we should:
- Teach them to put saving on auto-pilot. Retirement
saving should be treated as a recurring expense, so that it is included in the budget.
- Teach them to ignore the global market hype or news trends which makes them less con�dent about investing. The truth is that, asset management companies and fund managers have the expertise to see through the volatility to earn the best returns.
• Employers should play a part in building a retirement ready nation. The bene�ts for the employers include:
- Attract employees Employer’s contribution to PRS enhances the overall bene�ts package and e�ectively positions companies as an employer of choice. This would help companies to attract best talents for the job.
- Retain employees Through customised vesting programmes, employer contributions to PRS can be an e�ective tool to retention.
- Enriching employees to unleash their potential With PRS, employers could reward and recognise employees’ e�ciency.
- Enjoy tax deduction under corporate income tax Employers who contribute to PRS on behalf of their employees are eligible for tax deduction of up to 19%.3 This allows employers to contribute up to 7% of employees’ remuneration into PRS.
Sources:1 Data extracted from Securities Commission Malaysia Annual Report 2016 via www.sc.com.my. Data extracted 17 August 2017. 2 Based on Lipper for Investment Management by Lipper, a Thomson Reuters company under Global Lipper Classi�cation: Bond Global (AmPRS-Dynamic# Sukuk D), Bond Asia Paci�c (AmPRS-Tactical Bond D) and Equity Sector Real Estate Asia Paci�c (AmPRS-Asia Paci�c REITs D) as at 30 September 2017. Data extracted 9 October 2017.3 Data extracted from www.ppa.my. Data extracted 17 August 2017.
# The word “Dynamic” in this context refers to the Fund’s investment strategy which is active management, not buy-and-hold strategy.
PRS Corner
Private Retirement Scheme (PRS)
When it comesto savings,
every bit counts.
Start now to enjoy yearly tax reliefof up to RM3,000*.
Find out more from our AmBank Personal Banker orRelationship Manager today.
* Terms apply. Applicable for 10 years, from 2012 to 2021. Details at www.ppa.my.
Best Pension Manager, MalaysiaWorld's Best Pension Managers Awards 2017
by Global Finance
Best Pension Fund Manager, Malaysia(four consecutive years)
Asia Asset Management Best of the Best Awards 2016
For more info: Call our AmPRS Consultants: Janice Lee – 016 656 8951 | A�q Abdul – 012 268 9651 Pauline Chia – 012 606 6551 | Samantha Loh – 012 257 7227
aminvest.com
The PRS Industry in Malaysia and What’s Next
AmInvest is an appointed PRS Provider by Securities Commission Malaysia and offers a total of 10 AmPRS funds.
Recently, we sat down with Alex Tan Cheng Leong, Head, Retail & Retirement Funds at AmInvest to talk about the current landscape of the PRS industry in Malaysia and opportunities that lie ahead.
Read excerpts of the interview below.
1. How has the take-up of AmPRS funds been compared against expectations during its launch in 2013?
The take up for AmInvest PRS has been positive since its launch in 2013. Our Assets Under Management (AUM) for PRS more than doubled from RM26.25 million as at our Financial Year Ended (FYE) 2014 (31 March 2014) to RM53.18 million as at FYE 2017(31 March 2017). As of 4 October 2017, our AUM for our PRS funds stands at around RM66.20 million.
2. Do you feel that there is su�cient incentive for the investing public to purchase PRS as part of their retirement planning? If not, how can it be improved?
The PRS Youth incentive has increased the participation rate from 7% of the total contribution in 2013 to 18% as at end 2016.1 Should the incentive be continued beyond 2018, it could further encourage GEN Y and millennials to save for their retirement via PRS. Based on our �ndings, the industry ticket size for PRS is only RM3,000 p.a. so far which shows that PRS is still perceived as a tax-saving product. Corporations do not see an incentive to swing contributions from the Malaysian mandatory retirement scheme to PRS, extra work for them. We propose to make it mandatory for all corporates in Malaysia to also undertake PRS as mandatory bene�t in overall employee bene�ts scheme.
3. How has AmInvest supported the rollout of PRS? Has it done anything di�erent to market the product as compared with your other investment products?
We distribute PRS through AmBank and Corporate Private Retirement Advisors (CPRA).
What makes AmPRS attractive:
• AmInvest o�ers the most diverse range of retirement funds in the market – across asset classes and geographical exposure in both conventional and Shariah-compliant spaces. We o�er a total of 10 AmPRS funds.
• AmInvest is the only PRS Provider in the country that o�ers unique PRS non-core funds in its suite of PRS non-core o�erings, Real Estate Asia Paci�c and bond funds to help investors build and customise their investment portfolios for a comfortable retirement.2
4. Does AmInvest plan on intensifying the marketing and promotion of PRS?
Marketing activities for PRS have always been a priority for us. Our initiatives include:
• Promotional events and roadshows like participation in investment carnivals, conferences and lunch talks.
• Interviews and advertisements e.g. print/digital media, AmBank branch displays etc.
5. How and in what ways do you think we can encourage millennials and employers to take up and promote PRS?
• The growth of the PRS industry is dependent on the development of the capital markets. The mature stock and bond markets will support the growth of the industry. • To get the millennials to invest, we should:
- Teach them to put saving on auto-pilot. Retirement
saving should be treated as a recurring expense, so that it is included in the budget.
- Teach them to ignore the global market hype or news trends which makes them less con�dent about investing. The truth is that, asset management companies and fund managers have the expertise to see through the volatility to earn the best returns.
• Employers should play a part in building a retirement ready nation. The bene�ts for the employers include:
- Attract employees Employer’s contribution to PRS enhances the overall bene�ts package and e�ectively positions companies as an employer of choice. This would help companies to attract best talents for the job.
- Retain employees Through customised vesting programmes, employer contributions to PRS can be an e�ective tool to retention.
- Enriching employees to unleash their potential With PRS, employers could reward and recognise employees’ e�ciency.
- Enjoy tax deduction under corporate income tax Employers who contribute to PRS on behalf of their employees are eligible for tax deduction of up to 19%.3 This allows employers to contribute up to 7% of employees’ remuneration into PRS.
Sources:1 Data extracted from Securities Commission Malaysia Annual Report 2016 via www.sc.com.my. Data extracted 17 August 2017. 2 Based on Lipper for Investment Management by Lipper, a Thomson Reuters company under Global Lipper Classi�cation: Bond Global (AmPRS-Dynamic# Sukuk D), Bond Asia Paci�c (AmPRS-Tactical Bond D) and Equity Sector Real Estate Asia Paci�c (AmPRS-Asia Paci�c REITs D) as at 30 September 2017. Data extracted 9 October 2017.3 Data extracted from www.ppa.my. Data extracted 17 August 2017.
# The word “Dynamic” in this context refers to the Fund’s investment strategy which is active management, not buy-and-hold strategy.
08
HappeningsAnnouncement
Happenings
AmInvest is pleased to announce the income distribution for one of its Shariah-compliant fund for the third quarter of the year (July - September) ended 30 September 2017 as follows:
Equity
Fund Name Fund Category/Type
Frequency of IncomeDistribution (if any)
AmIttikal Equity (Islamic) Yearly 2.67
Net Income Distributionper Unit (sen)
AmInvest PRS Marketing ActivitiesFIMM Annual Convention 201728 September 2017Berjaya Times Square Hotel, Kuala Lumpur
At the FIMM Annual Convention 2017, licensed �nancial planners and consultants kept abreast on investment opportunities through unit trust and Private Retirement Scheme (PRS). AmInvest’s Head of Retail & Retirement Funds, Alex Tan Cheng Leong was invited to be part of the panel for “PRS for Smart Retirees” session to discuss the challenges and value proposition of promoting PRS as a saving vehicle for retirement. Issues such as lack of awareness and interest amongst the young population despite incentives from the government via their up to RM3,000 tax deduction and RM1,000 youth incentive and how to motivate the young people to save for early retirement were discussed by Alex.
Alex Tan presenting AmInvest’s views on PRS.
Alex Tan (second from left) with other penallists.
A snapshot of the points addressed during the panel discussion on the issues and challenges surrounding PRS.
09
Happenings
InvestSmart Fest 2017 (ISF 2017) was recently held at Hall 5, Kuala Lumpur Convention Centre from 13 until 15 October 2017. The three-day investor education fair was aimed at equipping investors with the fundamentals in making sound investment decisions.
AmInvestment Bank’s Funds Management Division was at the exhibition to promote its AmInvest’s Private Retirement Scheme (PRS) o�erings to the public. Alex Tan Cheng Leong, Head of Retail & Retirement Funds, AmInvest was at the event to share on the topic of "Making Saving For Your Retirement a 2017 Goal with AmInvest PRS" on the �rst day.
Since the launch of the inaugural InvestSmart fest in 2014, it has managed to reach over a million Malaysians through seminars, roadshows and engagement sessions with community leaders across the country.
Alex Tan educating the public on the importance of saving for your retirement and AmInvest PRS o�erings.
AmInvestment Bank’s impressive booth at the fair to promote AmInvest PRS fund o�erings.
InvestSmart Fest13 -15 October 2017 | Kuala Lumpur Convention Centre
Kuala Lumpur Islamic Finance Forum (KLIFF) has been held annually since 2004. KLIFF o�ers an integrated basis for promoting Islamic �nancial system dialogue amongst companies and institutions to foster the orderly development of an e�cient, competitive, sound and innovative Islamic �nance in a rapidly changing global environment.
An AmPRS consultant promoting our AmInvest PRS fund o�erings at the conference.
Kuala Lumpur Islamic Finance Forum (KLIFF)3 - 5 October 2017 | Hotel Istana, Kuala Lumpur
Quotes on Self-Re�ectionVerily, ALLAH does not change the condition of people until they change what is within themselves.
~ Sura ar-Ra`d 13:11
O you who have believed, fear Allah. And let every soul look to what it has put forth for tomorrow - and fear Allah. Indeed, Allah is Acquainted with what you do."
~ Al-Hashr: 18
Prophet Muhammad (peace be upon him) said: “A wise person is one who keeps a watch over his bodily desires and passions, and checks himself from
that which is harmful and strives for that which will benefit him after death; and a foolish person is one who subordinates himself to his cravings and desires and expects from God the fulfillments of his
futile desires”~ Al-Tirmidhi Hadith 66
What non-Muslim religious teachings, mystics, philosophers, scientists and thinkers have to say about “Self-Reflection”
“Knowing yourself is the beginning of all wisdom”~ Aristotle
When you meet someone better than yourself, turn your thoughts to becoming his equal. When you meet someone not as good as you are, look within and examine your own self.
~ Confucius
Reflect upon your present blessings -- of which every man has many -- not on your past misfortunes, of which all men have some.
~ Charles Dickens
DISCLAIMERS - The information contained in this promotional material is general information only and does not take into account your individual objectives, �nancial situations or needs. You should seek your own �nancial advice from an appropriately licensed adviser before investing. You should be aware that investments in unit trust funds, wholesale funds, exchange-traded funds and Private Retirement Scheme funds carry risks. An outline of some of the risks is contained in the Master Prospectus dated 10 September 2017 and First Supplementary Master Prospectus dated 4 January 2018 (“Prospectuses”); Second Replacement Disclosure Document for AmPRS dated 7 October 2016 and its First Supplementary Disclosure Document dated 7 November 2016 and AmInvest Prospectus for Am-Namaa’ Asia-Paci�c Equity Growth, Namaa’ Asia-Paci�c Equity Growth and Am-Mateen Asia-Paci�c Equity dated 11 August 2017.
Refer to the Prospectus(es) and/or Information Memorandum(s) and/or Disclosure Document(s) for detailed information on the speci�c risks for the Funds. Please also refer to the speci�c risks of the target fund before investing. While Shariah-compliant funds have been structured to conform to Shariah principles, investors should seek their own independent Shariah advice prior to investing. Unit prices and income distribution, if any, may rise or fall. Past performance of a Fund is not indicative of future performance. Please consider the fees and charges involved before investing. Investors are advised that the following the issue of distribution, the Net Asset Value (NAV) per unit will be reduced from cum-distribution NAV to ex-distribution NAV. Units will be issued upon receipt of completed application form accompanying the Prospectus(es), Information Memorandum(s) and/or Disclosure Document(s) and subject to terms and conditions therein. You have the right to request for a copy of Product Highlight Sheet for the Fund. You are advised to read and understand the contents of the Product Highlights Sheet and/or Prospectus(es) and/or Information Memorandum(s) and/or Disclosure Document(s) before making an investment decision. The Prospectus(es) and/or Information Memorandum(s) and/or Disclosure Document(s) have been registered/lodged with the Securities Commission Malaysia, who takes no responsibility for its contents. You can obtain a copy of the Product Highlights Sheet, Prospectus(es) and/or Information Memorandum(s) and/or Disclosure Document(s) from any of our representative o�ces and authorised distributor. AmInvest [AmFunds Management Berhad and AmIslamic Funds Management Sdn Bhd] does not guarantee any returns on the investments. In the event of any dispute or ambiguity arising out of the other language translation in this material, the English version shall prevail. The Privacy Notice can be accessed via www.aminvest.com and available at our head o�ce.
All fees, charges and expenses disclosed in this issue of Al-Syamil are expressed on a Goods and Services Tax (GST)-exclusive basis. Accordingly, to the extent that services provided are subject to GST, the amount of GST payable on any related fees, charges and/or expenses will be payable by the unit holder(s) and/or the Fund (as the case may be) in addition to the fees, charges and expenses disclosed in this issue.
