CIMB Islamic Asia Pacific Equity Fund (formerly Asia Pacific Adil Fund)
Fund Type: Equity (Shariah) / Growth
The Fund aims to achieve long term capital appreciation and income while complying with Islamic investment criteria, through investments in the emerging and developed markets of Asia Pacific.
- have a long term investment horizon;
- want a portfolio of investments that adhere to the Shariah principles;
- want a well diversified portfolio of Asia Pacific region equities; and/or
- are willing to take higher risks in anticipation for potentially higher capital appreciation over the long term
| Application Fees |
Up to 6.5% on each investment. |
|
Annual Fees |
Management Fee: 1.80% per annum of the NAV |
| |
Trustee Fee: 0.07%* per annum of the NAV
* Subject to a minimum fee of RM35,000 per annum. |
| Switching Fees |
Since switching is treated as a withdrawal from one (1) fund and an investment into another fund, you will be charged a Switching Fee equal to the difference (if any) between the Application Fees of these two (2) funds. In addition, the Manager imposes a RM100 administrative fee for every switch made out of a Fund. However, this RM100 administrative fee is waived for the first four (4) switches out of a Fund in every calendar year. The Manager also has the discretion to waive the Switching Fee and/or administrative fees. |
| Distribution Policy |
Regular distributions are not the focus of this Fund. Distributions, if any, are at the discretion of the Manager. |
|
Investment Time Horizon |
Recommended 5 years or more. |
| Initial Investment |
Minimum RM500 |
| Additional Investment |
RM200 or more at any time. |
| Cooling off period |
You have six (6) Business Days after your initial investment (i.e. the date the application is received by CIMB-Principal Islamic Asset Management) to reconsider its appropriateness for your needs. Within this period, you may withdraw your investment at the NAV per unit on the day the units were first purchased and have the Application Fee (if any) repaid. Please note that the cooling-off right is only given to an investor who is investing with CIMB-Principal Islamic Asset Management or any Approved Distributor for the first time. However, corporations/institutions, CIMB-Principal Islamic Asset Management’s staff and person(s) registered to deal in unit trust of CIMB-Principal Islamic Asset Management or any Approved Distributor are not entitled to the cooling-off right.
However, investors who invest via the EPF Members Investment Scheme (where available) are subject to EPF’s terms and conditions. |
| Redemption/Withdrawal |
RM200 or 400 units |
| Launch Date |
2 June 2006 |
| Approved Fund Size (units) |
1.35 billion units |
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