BIMB Invest Money Market Fund Report - March 2018

Transcription

1. BIMB Invest Money Market Fund MARCH 2018 (ALL DATA AS AT 28 FEBRUARY 2018 UNLESS OTHERWISE STATED) INVESTMENT OBJECTIVE 0.06 VERY LOW 15 Feb 2018 FUND MANAGER’S REVIEW The Fund’s performance for the month was 0.26% and outperformed its benchmark by 0.07%. The money market rate for overnight is 2.95% per annum and the 1 month rate is within 3.20% to 3.30% per annum. The 3 months to 12 months rates are within 3.85% to 3.98% per annum. Bank Negara Malaysia (BNM) raised the Overnight Policy Rate (OPR) by 25bps to 3.25% in its January 2018 MPC meeting. The statement said that “at current level of OPR, the stance of monetary policy remains accommodative”. It is expected that BNM will maintain the OPR until year-end. BNM kept an optimistic view on global growth and the domestic economy. Inflation is expected to moderate on expectations of a smaller effect from global cost factors while a stronger Ringgit compared to 2017 will help mitigate import costs. As the Fund’s focus is on capital preservation and liquidity, we will continue to invest in money market placements and short term Sukuk papers with good credit standing and attractive yield level and extend the portfolio duration for yield enhancement. The Fund seeks to provide liquidity and current income, while maintaining capital stability by investing in instruments that comply with Shariah requirements. FUND INFORMATION Type of Fund Fund Category Financial Year End Launch Date Current Fund Size Income Wholesale Islamic Money Market Fund 30 June 27 April 2009 NAV (RM) 707,829,265.92 Units 707,173,390.30 FEES & CHARGES Sales Charge Annual Management Fee Annual Trustee Fee NIL Up to 0.50% p.a 0.02% p.a. subject to a minimum fee of RM12,000 with effect from 15 September 2012. TRANSACTION & DISTRIBUTION Min. Initial Investment Subsequent Investment Distribution Policy RM 100,000.00 RM 50,000.00 Monthly HIGHEST & LOWEST NAV Current Highest Lowest Date Price 28/02/2018 29/12/2018 01/11/2014 RM 1.0009 RM 1.0037 RM 1.0000 TOP SECTORS SECTOR NAME Money Market + Cash % NAV 100.0 TOP 5 HOLDINGS SECURITY NAME Asian Finance Bank– Commodity Murabahah Bank Kerjasama Rakyat – Commodity Murabahah Al Rajhi Bank – Commodity Murabahah Kuwait Finance House – Commodity Murabahah Bank Islam – Commodity Murabahah % NAV 28.2 20.4 19.2 8.9 8.5 CHART 1: ASSET ALLOCATION AS AT 28 FEBRUARY 2018 MONEY MARKET + CASH 100.0% BIMB INVESTMENT MANAGEMENT BHD (276246-X) bimbinvestment.com.my
2. BIMB Invest Money Market Fund MARCH 2018 (ALL DATA AS AT 28 FEBRUARY 2018 UNLESS OTHERWISE STATED) CHART 2: PERFORMANCE OF THE FUND AND BENCHMARK INDEX 30% 25% 20% 15% 10% 5% 0% BIMB Invest Money Market Fund 1 mth Bank Islam TDT-i after tax Since Inc 5 Years 4 Years 3 Years 2 Years 12 Months 9 Months 6 Months 3 Months 1 Month YTD PERFORMANCE VS. BENCHMARK AS AT 28 FEBRUARY 2018 Fund Benchmark 6 Months 1.65% 1.18% 1 Year 3.35% 2.35% 3 Years 10.47% 7.36% 5 Years 16.80% 12.51% Since Inception 26.92% 21.51% Note: Performance figures are based on NAV per unit. MONTHLY RETURN Net Distribution (sen/ unit) Net Distribution Yield Total Return Benchmark Aug 2017 0.2700 0.27% 0.27% 0.19% Sep 2017 0.2800 0.28% 0.27% 0.19% Oct 2017 0.2900 0.29% 0.29% 0.19% Nov 2017 0.2800 0.28% 0.28% 0.19% Dec 2017 0.1900 0.26% 0.26% 0.19% Jan 2018 0.2800 0.28% 0.28% 0.21% Feb 2018 0.2700 0.27% 0.27% 0.21% Note: Performance figures are based on NAV per unit. The Fund’s total return has been verified by Novagni Analytics and Advisory Sdn. Bhd. Based on the Fund's portfolio returns as at 15 Feb 2018, the Volatility Factor (VF) for this Fund is 0.06 and is classified as "Very Low". The VF means there is a possibility for the Fund in generating an upside return or downside return around this VF. The Volatility Class (VC) is assigned by Lipper based on quintile ranks of VF for qualified Funds. VF is subject to monthly revision and VC will be revised every six months. The Fund's portfolio may have changed since this date and there is no guarantee that the Fund will continue to have the same VF or VC in the future. Presently, only Funds launched in the market for at least 36 months will display the VF and its VC. Lipper Ratings for Total Return reflect fund historic total return performance relative to peers. Lipper Ratings for Consistent Return reflect fund historical riskadjusted returns relative to peers. Lipper Ratings for Preservation are relative, rather than absolute. IMPORTANT INFORMATION: 1) This fund factsheet is prepared for information purposes only. It does not have regard to the specific investment objectives or the financial situation needs of any specific person who may receive it. Neither the information nor any opinions expressed constitute an offer, or an invitation to make an offer to buy or sell any securities or unit trust. Past performance is not necessarily a guide for future performance and income distributions are not guaranteed. Returns may vary from year to year. 2) Investors are advised to read and understand the contents of the Information Memorandum dated 27 April 2012 and any supplemental Information Memorandum issued thereafter, which have been registered with the Securities Commission who takes no responsibility for its contents, before investing. A copy of the Information Memorandum can be obtained from the Head Office of BIMB Investment Management Berhad, authorized consultants or from our approved distributors. Investors should consider the fees and charges involved before investing. You are also advised to read and understand the contents of the Unit Trust Loan Financing Risk Disclosure Statement before deciding to borrow to purchase units. 3) Investments in the Fund are exposed to risks, such as but not limited to liquidity risk, profit rate risk and credit risk. These risks and other general risks are elaborated in the Information Memorandum. Investors should also note that the price of units and distribution payables, if any, may go down as well as up. The information contained herein has been obtained from sources believed in good faith to be reliable, however, no guarantee is given in its accuracy or completeness. All opinions in respect of market review, fund review and outlook constitute the Manager’s judgments as of the date of the issuance of this factsheet and are subject to change without notice. 4) Investors are also advised that, where a unit split/distribution is declared, the NAV per unit will be reduced from pre-unit split NAV/cum-distribution NAV to post-unit split NAV/ex-distribution NAV. Where a unit split is declared, the value of their investment in Malaysian Ringgit will remain unchanged after the distribution of the additional units. 5) Any issue of units to which the Information Memorandum relates will only be made upon receipt of the completed application form referred to in accompanying the Information Memorandum, subject to the terms and condition therein. 6) A Product Highlights Sheet (PHS) of this Fund is available and investors have the right to request for it. The PHS should be read and understood before making any investment decision. BIMB INVESTMENT MANAGEMENT BHD (276246-X) bimbinvestment.com.my