AmInvest Launches AmIslamic China Equity Fund
Wednesday, 15 February 2023 - AmInvest is pleased to announce the launch of AmIslamic China Equity Fund (the “Fund”) today. It is a wholesale fund which aims to provide capital growth by investing in Shariah-compliant equities and Shariah-compliant equity-related securities with exposure to China markets.
Investors of the Fund will be able to gain exposure to high quality companies listed in China and Hong Kong, including Shariah-compliant securities listed in other markets with at least 50% of their core business and revenue derived from China.
Commenting on the launch, Dato’ Sulaiman Mohd Tahir, Group Chief Executive Officer of AmBank Group, said, “The awareness and demand for Shariah-compliant investments are expected to grow significantly. With almost USD 4.0 trillion in total assets recorded in 2021, which was an increase of 17% from the year before, the Islamic Finance Development Indicator Report estimated the growth for the global Islamic finance industry to reach USD 5.9 trillion by 2026. Meanwhile, the global Islamic fund assets under management rose 34% to USD 238 billion in 2021 and are projected to grow to USD 416 billion by 20261.”
“Whilst the Fund is managed by AmInvest, we have appointed CSOP Asset Management Limited (“CSOP”) to be our investment adviser for the Fund. CSOP is an industry expert in Greater China equity and fixed income markets,” said Ms. Goh Wee Peng, Chief Executive Officer of AmFunds Management Berhad.
The Fund is being offered for subscription to investors in USD and Ringgit Malaysia (“RM”) at the initial offer prices of USD1 and RM1 per unit respectively during the initial offer period.
AmInvest is the brand name for the fund management business of AmFunds Management Berhad and AmIslamic Funds Management Sdn Bhd. For more details on the Fund’s features and risks, please refer to the AmInvest Information Memorandum for AmIslamic China Equity Fund dated 14 February 2023 via www.aminvest.com.
1 refinitiv.com, October 2022. Past performance is not indicative of future performance. Forecasts, projections or targets are indicative only and are not guaranteed in any way