Aberdeen Standard Islamic World Equity Fund Report - May 2020

Transcription

1. June 2020 Aberdeen Standard Islamic World Equity Fund Performance Data and Analytics to 31 May 2020 Fund objective Seeks to achieve capital appreciation in the long term through investments in Shariahcompliant equities and equity related securities . Key information Inception date 06 February 2013 Launch date 17 January 2013 Benchmark MSCI ACWI Islamic (Shariah) Index Sales charge Up to 5.0% of the NAV per unit Switching fee Up to 1.0% of the amount switched Annual management fee Class A: 1.75% of the NAV of the Fund attributable to Class A Min. investment Class A: RM1,000 Min. subsequent investment Class A: RM500 Fund size RM 201.5m NAV per Unit 1.7235 RM Performance Percentage Growth Total Return (06/02/2013 - 31/05/2020) 150 120 L'Oreal Adobe System Taiwan Semiconductor Manufacturing Roche Holding Procter & Gamble Co Nestle ASML Holding Novartis Resmed Paylocity Holding Total 4.2 3.9 3.5 3.4 3.1 3.1 3.0 3.0 3.0 2.7 32.9 Sector allocation (%) 90 60 30 Fund May-20 Oct-19 May-19 Dec-18 Jul-18 Feb-18 Sep-17 Apr-17 Nov-16 Jun-16 Jan-16 Aug-15 Mar-15 Oct-14 May-14 Dec-13 Jul-13 Feb-13 0 -30 Top ten holdings (%) Benchmark1 Performance (%) MYR Fund Benchmark1 1 mth 3 mths 6.2 5.1 5.3 4.3 1 yr 11.1 7.5 Cumulative 3 yrs 5 yrs Incep. 11.1 27.5 72.4 12.6 43.7 107.3 3 yrs 3.6 4.0 Annualised 5 yrs Incep. 5.0 7.7 7.5 10.4 Information Technology 26.1 23.0 Healthcare 10.4 Consumer Staples 9.3 Industrials 9.3 Consumer Discretionary 7.1 Energy 5.5 Real Estate 4.4 Materials 4.8 Cash 100.0 Total Figures may not always sum to 100 due to rounding. 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 1.8255 (19/02/2020) Lowest NAV 1.3337 (23/03/2020) www.aberdeenstandard.my Important information overleaf Fund manager's report on page 2 Page 1 of 2
2. June 2020 Aberdeen Standard Islamic World Equity Fund Performance Data and Analytics to 31 May 2020 Fund manager 's report l l l l l Global equities rose steadily through May in most major currencies. Investors were optimistic that the peak of the covid-19 outbreak has now passed in many countries, and most major economies were on the path of recovery. Continued fiscal support further underpinned stocks. Japan rolled out a larger-than-expected 117 trillion yen supplementary budget, while the European Commission proposed a €750 billion recovery fund. China’s policymakers expanded an already-augmented fiscal deficit, to a record 15.2% of GDP. However, renewed US-China tensions cast a shadow on markets. The rivalry between the world’s two largest economies broadened, putting at risk the US listings of Chinese companies and Hong Kong’s favoured trade status with the US. In corporate news, Swiss drugmaker Roche tied up with US peer Gilead Sciences to conduct a late-stage two-drug trial. They hope that mixing Roche’s anti-inflammation drug Actemra with Gilead Sciences’ anti-viral treatment remdesivir will be more effective than using the latter alone to treat covid-19. French cosmetics group L’Oreal scrapped plans for a dividend increase and stuck to the 2019 payout level. Its revenue fell in the first quarter as the firm closed stores due to the outbreak, but it remained optimistic about a rebound later this year, led by China. During the month, we exited the following stocks as they were no longer Shariahcompliant: US video-game firm Activision Blizzard, US healthcare firm Baxter, Japanese drugmaker Chugai Pharmaceutical, German chipmaker Infineon Technologies, French luxury goods firm Kering, Japanese automation firm Nabtesco, US rail provider Norfolk Southern Corp. To maintain our sectoral exposures at the same level, we initiated Swedish doorsecurity solutions provider Assa Abloy, US drugmaker Pfizer, European software firm SAP and European energy technologies firm Schneider Electric. Country allocation (%) United States 29.8 11.9 Switzerland 8.8 Australia 7.6 France 5.8 United Kingdom 4.7 New Zealand 3.5 Taiwan 3.0 Netherlands 2.5 Italy 2.5 Japan 2.4 Indonesia 2.3 South Korea 2.0 China 2.0 Germany 1.9 India 1.5 Mexico 1.5 Sweden 1.4 Spain 4.8 Cash 100.0 Total Figures may not always sum to 100 due to rounding. Codes Sedol number ISIN code Class A - B4TG3N0 Class A MYU9000AA009 Bloomberg ticker Class A - ABIWEFA MK _____________________________________________________________________________________________________________________________________________ Disclaimer Investors should read and understand the master prospectus dated 20 February 2019 and the supplemental master prospectus dated 1 March 2020 in respect of Aberdeen Standard Islamic World Equity Fund (formerly known as Aberdeen Islamic World Equity Fund) (“ASIWEF”) (collectively, “Master Prospectus”) as well as the Product Highlights Sheet in respect of ASIWEF 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 (“the SC”). 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 Standard Islamic Investments (Malaysia) 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. The registration of the Master Prospectus dated 20 February 2019 and the registration of supplemental master prospectus dated 1 March 2020, with the SC does not indicate that the SC recommended or endorsed the product and service. This document has not been reviewed by the SC. Aberdeen Standard Investments is a brand of the investment businesses of Aberdeen Asset Management and Standard Life Investments. Aberdeen Standard Islamic Investments (Malaysia) Sdn Bhd Registration Number: 200801026015 (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