Shariah-compliant fund offers diversity, sustained growth and stability to face dynamic market conditions
KUALA LUMPUR, MALAYSIA - Media OutReach - 9 March 2023 - abrdn today marked the 10th anniversary of abrdn Islamic World Equity Fund. The fund is well diversified across multiple sectors and countries, providing investors with a combination of growth and stability in sectors such as IT, communications, consumer discretionary and health care.
Gerald Ambrose, CEO for abrdn Islamic Malaysia Sdn Bhd, said: "Amid increasing geopolitical tension and economic uncertainty, we believe that it is important to invest in a globally diversified portfolio which can ride market volatility and capture growth potential. With compound growth of 7.2% per annum over the past 10 years, abrdn Islamic World Equity Fund has delivered sustained growth for Malaysian investors and allowed them to achieve long-term savings goals. I am confident that our award-winning team will continue to bring value for investors through all conditions for many decades more."
Launched in February 2013, the Malaysia-domiciled global Islamic fund seeks to achieve long-term capital appreciation through investments in Shariah-compliant equities and equity-related securities. The MYR 577 million strategy has dedicated resources in place including a Shariah compliance officer, plus Shariah screening and monitoring by an independent Shariah Adviser. Shariah-compliant companies typically have less debt compared with conventional firms, and companies that have less debt, particularly during downturns, can focus on their businesses with fewer concerns about their cash flows, hence are better positioned to offer steady growth for investors.
abrdn's bottom-up stock-picking approach allows the fund to invest in high quality companies that produce less volatile earnings streams, have greater margins of safety and can better navigate an uncertain future. This is achieved by drawing on the Group's expertise of a 120+ strong equity investment team operating across 13 markets worldwide , combining local insights with global perspectives. Research is fundamental to our investment process and the significant majority of our fundamental stock research is produced by our own investment professionals.
Martin Connaghan, co-manager of abrdn Islamic World Equity Fund and Investment Director of Global Equities, said: "As we continue to face a challenging backdrop globally, we seek to maintain a diversified portfolio focused on businesses best positioned to manage financial pressures through to times of greater market stability. We believe periods of market weakness represent an opportunity for the long-term investor. Therefore, we reiterate the importance of a diversified portfolio with a bottom-up investment approach focused on quality characteristics. Come rain or shine, the portfolio aims to offer sustainable growth and stability when it matters most. Market downturns are unavoidable, however we embrace a team-based approach in an effort to capture the best Shariah-compliant investment opportunities for our clients, regardless of the external environment."
abrdn opened its Kuala Lumpur office in 2005 and has over a decade of experience in managing global, regional and domestic Shariah portfolios, reaching an AUM of USD 800 million .
The issuer is solely responsible for the content of this announcement.
At abrdn, we enable our clients to plan, save and invest for their futures.
We structure our business into three areas – and together they reflect our focus on enabling our clients to be better investors:
- Investments: We work with clients to create solutions across asset classes, regions and markets globally – combining multi-layered research and market insights with technology and diverse thinking.
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- Personal: We help people throughout the UK plan for their financial futures – through our financial planning business and our digital investing services.
Across our investments, adviser and personal businesses we manage and administer £500 billion of assets for our clients, and abrdn plc has over 1 million shareholders. (Figures as at 31 December 2022)
Investors should read and understand the master prospectus dated 25 April 2022 in respect of abrdn Islamic World Equity Fund (collectively, "Master Prospectus") as well as the Product Highlights Sheet in respect of AIWEF 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 abrdn Islamic 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 25 April 2022 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.
abrdn Islamic Malaysia Sdn. Bhd.
Registration Number: 200801026015 (827342-W)