Aberdeen Standard Islamic World Equity Fund Report - May 2021

Transcription

1. June 2021 Aberdeen Standard Islamic World Equity Fund Performance Data and Analytics to 31 May 2021 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 342.0m NAV per Unit 2.2585 RM Performance Percentage Growth Total Return (06/02/2013 - 31/05/2021) L'Oreal Procter & Gamble Co ASML Holding Brunello Cucinel Trane Technologies TSMC NIKE CL Dechra Pharmaceuticals Nestle Salesforce.Com Total 4.1 3.8 3.3 3.2 3.0 3.0 2.9 2.9 2.9 2.8 31.9 Sector allocation (%) Feb-13 Jul-13 Dec-13 May-14 Oct-14 Mar-15 Aug-15 Jan-16 Jun-16 Nov-16 Apr-17 Sep-17 Feb-18 Jul-18 Dec-18 May-19 Oct-19 Mar-20 Aug-20 Jan-21 May-21 180 150 120 90 60 30 0 -30 Top ten holdings (%) Fund Benchmark1 Performance (%) MYR Fund Benchmark1 1 mth 3 mths 3.2 12.1 9.9 3.0 1 yr 31.0 31.0 Cumulative 3 yrs 5 yrs Incep. 46.3 68.3 125. 9 42.3 75.8 171.5 3 yrs 13.5 12.5 Healthcare 25.4 23.0 Information Technology 13.0 Consumer Discretionary 12.8 Industrials 10.7 Consumer Staples 5.5 Materials 4.6 Real Estate 1.4 Utilities 3.5 Cash 100.0 Total Figures may not always sum to 100 due to rounding. Annualised 5 yrs Incep. 11.0 10.2 11.9 12.7 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 2.2585 (31/05/2021) Lowest NAV 1.7034 (15/06/2020) www.aberdeenstandard.my Important information overleaf Fund manager's report on page 2 Page 1 of 2
2. June 2021 Aberdeen Standard Islamic World Equity Fund Performance Data and Analytics to 31 May 2021 Fund manager 's report        Global equities gained in US dollar, Japanese yen, euro and Malaysian ringgit terms but fell in sterling in May. The US and several economies in Europe reopened as Covid-19 infections ebbed amid a ramp up in immunisation drives in those countries. Some countries in the European Union announced plans to admit international travellers who have received approved vaccines with the US also considering a similar easing of restrictions. On the policy front, the US Federal Reserve and European Central Bank’s respective affirmations of continued accommodative monetary policy eased concerns that rising inflation would reverse that trend. In key data, the American economy continued to grow albeit at a slower-than-expected pace in the first quarter, as private inventory investment and exports fell. Manufacturing activity and industrial production also showed lower-than-expected increases in April due to global supply-chain constraints. Across the Atlantic, first-quarter GDP shrank in the Euro-area due to Covid-19 movement restrictions imposed earlier in the period. However, manufacturing activity for April expanded as lockdowns within the bloc were subsequently eased. In fund-related corporate news, US engineering simulation software maker Ansys surpassed market expectations for its first-quarter results amid healthy demand for its products, particularly from Asia Pacific. It subsequently increased earnings estimates for 2021. Meanwhile, South Korean tech giant Samsung Electronics raised its non-memory chip investments by about 29% to US$151.1 billion as it ramped up research and development of leading chip contract manufacturing procedures and the building of new production lines amid a global semiconductor shortage. The investments will run through 2030. Elsewhere, Swiss drugmaker Roche received emergency authorisation approval from US health authorities to utilise its product to test for the Covid-19 virus in individuals who do not exhibit symptoms of the illness. During the month, we initiated Danish energy company Orsted. We believe it is the leading European utility company with strong ESG credentials, coupled with earlymover advantages in offshore wind, as well as attractive growth targets Country allocation (%) United States 30.7 11.5 Switzerland 8.4 Australia 8.0 United Kingdom 5.8 France 4.7 Netherlands 3.7 India 3.6 New Zealand 3.2 Italy 3.1 Sweden 3.0 Taiwan 1.9 South Korea 1.8 China 1.6 Spain 1.5 Indonesia 1.4 Denmark 1.4 Japan 1.3 Mexico 3.5 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 1 December 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 1 December 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