Fund Manager:
Public Mutual Bhd

Fund Name:
Public Ittikal (hedge)

Launch Date:
Apr-97

Screening (except economy):
Islamic Syariah fund

KEY Characteristics:
The scope of investments is confined to assets that are deemed in compliance with Syariah principles. For securities listed on the KLSE, compliance to the Principles are primarily determined by the Syariah Advisory Council of the Securities Commission. Otherwise, the Syariah Advisers of the fund are consulted to ascertain their state of compliance. The fund seeks to achieve the long-term goal of capital growth by maintaining a reasonable level of exposure to equities over time. In addition to equity investment, the fund has investments in Islamic debt securities to help generate returns.

The allocations to Islamic debt assets are raised usually at the expense of equity allocations when weaknesses in the equity markets are anticipated. To achieve increased diversification, the fund may invest in markets abroad where the returns are promising and may also consider attractive investments in unlisted equities, particularly in companies that are expected to seek listing on the KLSE within two years. To mitigate risk, the fund may also invest in futures and options contracts to hedge against market volatility.

Additional information:
http://invest.com.my/game/funds/fund-one?fund_id=84