Aberdeen Islamic World Equity Fund Report - March 2018

Transcription

1. March 2018 Aberdeen Islamic World Equity Fund Performance Data and Analytics to 28 February 2018 Fund objective Seeks to achieve capital appreciation in the long term through investments in Shariahcompliant equities and equity related securities . Key information Inception date Launch date Benchmark Sales charge Switching fee Annual management fee Min. investment Min. subsequent investment Fund size NAV per Unit 06 February 2013 17 January 2013 MSCI ACWI Islamic (Shariah) Index Up to 5.0% of the NAV per unit Up to 1.0% of the amount switched Class A: 1.75% of the NAV of the Fund attributable to Class A Class A: RM1,000 Class A: RM500 RM 250.7m 1.5069 RM Performance Percentage Growth Total Return (06/02/2013 - 28/02/2018) 100 80 60 40 20 Fund Feb-18 Oct-17 Jun-17 Feb-17 Oct-16 Jun-16 Feb-16 Oct-15 Jun-15 Feb-15 Oct-14 Jun-14 Feb-14 Oct-13 Jun-13 -20 Feb-13 0 Benchmark1 Performance (%) MYR Fund Benchmark1 1 mth -5.0 -4.8 Cumulative 3 mths 1 yr -4.7 0.0 -3.6 2.2 3 yrs 10.9 30.7 Incep. 50.7 84.8 Annualised 3 yrs Incep. 3.5 8.3 9.3 12.9 Performance data is based on NAV to NAV prices. Gross income is assumed to be reinvested into the Fund. The value of units may go down as well as up, and past performance is not indicative of future performance. Source: Lipper 1 Benchmark is MSCI ACWI Islamic (Shariah) Index. Prices over past 12 months MYR Highest NAV 1.6245 (8/11/2017) Lowest NAV 1.4689 (9/02/2018) Top ten holdings (%) Sysmex Corp Chugai Pharmaceutical Samsung Electronics Johnson & Johnson Henkel & KGaA Novartis Nestle L'Oreal EOG Resources Schlumberger Total 3.9 3.5 3.1 3.0 2.9 2.9 2.8 2.4 2.4 2.4 29.3 Sector allocation (%) Healthcare Consumer Staples Industrials Energy Materials Information Technology Consumer Discretionary Utilities Telecommunication Services Real Estate Cash Total 21.9 20.9 13.0 11.0 10.2 8.4 3.3 2.5 2.2 1.4 5.3 100.0 Country allocation (%) United States 20.1 Japan 12.2 Germany 10.5 Switzerland 9.6 United Kingdom 8.0 France 7.4 Hong Kong 5.5 South Korea 5.1 Sweden 4.8 Netherlands 1.8 Italy 1.6 Canada 1.4 Mexico 1.4 Singapore 1.4 Australia 1.1 Turkey 1.1 Indonesia 0.9 South Africa 0.8 Cash 5.3 Total 100.0 Figures may not always sum to 100 due to rounding. www.aberdeen-asset.com.my Important information overleaf Fund manager's report on page 2 Page 1 of 2
2. March 2018 Aberdeen Islamic World Equity Fund Performance Data and Analytics to 28 February 2018 Fund manager 's report l l l l Volatility staged a sudden comeback across global equity stockmarkets in February. Indices worldwide fell on the back of fears about rising inflation which could prompt aggressive US interest rate hikes. US President Donald Trump made a push for more expansionary fiscal policy, proposing adding US$1.5 trillion to infrastructure spending during his first State of the Union speech. Codes Sedol number ISIN code Class A - B4TG3N0 Class A MYU9000AA009 Bloomberg ticker Class A - ABIWEFA MK The recent sell-off was a timely reminder that volatility remains a feature in stockmarkets. Suggestions from some quarters about an impending crash may be overblown, considering macroeconomic indicators continue to point to better growth and corporate earnings in general have been on the uptick. Yet it remains important to keep an eye on risks: Central bankers could defy market expectations, Trump’s protectionist stance could trigger a trade war, particularly following the resignation of economic advisor Gary Cohn. Europe could slide back into stagnation as populism continues to gain traction, and China’s rush to revert to old ways of governing may set back its economic evolution. Despite the uncertainties, we retain conviction in our fundamentals-focused investment process, keeping a keen eye out for companies with robust balance sheets and good cash flow that can stay resilient in the long term. In February, we added to AmorePacific and L’Oreal, while they were trading at attractive valuations. Against this, we trimmed CVS Health. _____________________________________________________________________________________________________________________________________________ Disclaimer Investors should read and understand the master prospectus dated 2 December 2016 and the supplemental master prospectus dated 1 November 2017 in respect of Aberdeen Islamic Malaysia Equity Fund (“AIMEF”), Aberdeen Islamic World Equity Fund (“AIWEF”) and Aberdeen Islamic Asia Pacific Ex Japan Equity Fund (“AIAPxJEF”) (collectively, “Master Prospectus”) as well as the Product Highlights Sheet in respect of AIMEF, AIWEF and AIAPxJEF which can be obtained at our office or from any of our approved distributors, or seek relevant professional investment advice, before making any investment decision. A copy of the Master Prospectus has been registered with the Securities Commission of Malaysia. Investors should consider the fees and charges involved before investing. Investments in the unit trusts are not deposits in, obligations of, or guaranteed or insured by Aberdeen Islamic Asset Management Sdn. Bhd. (the “Manager”), and are subject to investment risks, including the possible loss of the principal amount invested. Unit values and income therefrom may fall or rise. Past performance is not indicative of future performance. Units will only be issued on receipt of the application form referred to in and accompanying the Master Prospectus, subject to the terms and conditions therein. Investors are advised to read and understand the contents of the unit trust loan financing risk statement before deciding to borrow/seek financing facility to purchase units. The information herein shall not be disclosed, used or disseminated, in whole or part, and shall not be reproduced, copied or made available to others. The Manager reserves the right to make changes and corrections to the information, including any opinions or forecasts expressed herein at any time, without notice. Aberdeen Islamic Asset Management Sdn. Bhd. (827342-W) For more information Phone + 60 3 2053 3800 Fax + 60 3 2031 1868 A copy of the prospectus is available from the website or from: Suite 26.3 Level 26, Menara IMC Letter Box No. 66 No. 8 Jalan Sultan Ismail 50250 Kuala Lumpur Malaysia Page 2 of 2