M E D I A S T A T E M E N T
ASM INVESTMENT ANNOUNCES OUTSTANDING DISTRIBUTION FOR ASM SHARIAH GROWTH FUND
ASM Investment Services Berhad (ASM Investment) has declared an outstanding income distribution of 10.40 sen per unit, in the form of units, for ASM Shariah Growth Fund (ASM SGF). This represents a 9.81% yield over the net asset value (NAV) per unit of the Fund a year ago. With the distribution, the NAV per unit of the Fund was adjusted to RM1.3086 (ex-income distribution) on 15 February 2014.
For its financial year ended 15 February 2014, ASM SGF chalked up a return of 33.2% with its NAV per unit rising to RM1.4126 (cum-income distribution) from RM1.0604 a year ago. This is more than double the performance of its benchmark FBM Shariah Index which rose 15.6% during the same period.
All registered ASM SGF unit holders as at 15 February 2014 are entitled to the distribution in the form of new units.
ASM SGF was re-launched in January 2013 as a Shariah-compliant fund and opened to all races. Prior to the re-launch, it was opened only to Bumiputera investors and known as Kumpulan Modal Bumiputera - Dana Pertumbuhan, a fund that was launched in 1972.
It is a Shariah-compliant equity growth fund, suitable for investors with high risk tolerance level with a medium to long term investment horizon. As at 15 February 2014, its equity exposure stood at 90% and is currently ranked fourth out of 46 Shariah-compliant equities in the market based on Lipper for Investment Management for the 3-year period ended 14 February 2014.
ASM Investment is a wholly-owned subsidiary of Pelaburan MARA Berhad, one of the pioneers in the nation’s unit trust management industry. ASM Investment is a full-fledged Shariah-compliant fund management company, currently manages 13 unit trust funds, of which 11 are Shariah-compliant and two are pending conversion into Shariah-compliant funds, apart from one closed-end fund and several other discretionary portfolios.
For more information, please contact :
Head of Marketing
ASM Investment Services Berhad
No. 1A, Jalan Lumut
Tel : 03 - 4145 3966
Fax : 03 - 4145 3901
E-Mail : firstname.lastname@example.org