The asset allocation for the Fund is as follows:
Minimum 70% of the Fund’s NAV in sukuk; and
Maximum 30% of the Fund’s NAV in Islamic money market instruments, Islamic deposit placements and/or products, Shariah-compliant collective investment schemes, and/or other permitted investments.
The asset allocation strategy will be reviewed periodically to suit market condition and expectation. The Manager will adjust its exposure in sukuk to a minimum level of 50% to mitigate any potential loss when a general downturn in the sukuk market is expected.
Concurrently, the balance will be placed in Islamic money market instruments, Islamic deposit placements and/or products, Shariah-compliant collective investment schemes and/or other Shariah-compliant permitted investment to a maximum level of 50% for income, flexibility for investment or reinvestment, or sufficient liquidity for redemption request. The level will be adjusted in accordance with the Manager’s market outlook.