FIMM SARAN MELABUR DALAM UNIT TRUST & PRS

Persekutuan Pengurus Pelaburan Malaysia (FIMM) adalah organisasi pengawal seliaan sendiri yang diiktiraf oleh Suruhanjaya Sekuriti Malaysia (SC). Kita disaran agar melabur secara agresif dalam Unit Amanah & Skim Persaraan Swasta (PRS) sebagai persediaan menghadapi usia emas nanti.

 Inilah waktu yang sesuai untuk membeli Unit Amanah dan PRS kerana pasaran ketika ini adalah rendah FIMM terus memastikan bahawa perlindungan pelabur, keyakinan dan integriti pasaran dapat diteguhkan dan dalam masa yang sama menyokong pertumbuhan pelaburan Unit Amanah dan PRS

 

 

 

 

Islamic Funds For Muslims & Non-Muslims

Baru ini saya berjumpa dengan seorang prospek bukan Muslim, beliau berminat untuk melabur dalam Kenanga Investors Berhad. walaubagaimanapun beliau masih tercari Fund mana yang perlu dipilih untuk melabur! Lalu saya pun mencadangkan Kenanga Syariah Growth Fund. Persoalan yang timbul, Adakah Islamic Fund sesuai untuk bukan Islam?

Islamic Funds adalah untuk semua, sama ada untuk Muslim atau bukan muslim.Walaupun ianya mesti menepati syariah di bawah kawalan Syariah-Compliant  tetapi ianya tetap untuk semua. Akhir-akhir ini, masyarakat telah mengalih arah memandang Islamic Funds adalah pilihan terbai sekiranya ingin melabur.

Saudi Arabia adalah pelabur Kewanan Islam dunia paling terbesar dunia  anggaran USD 22.7 Billion dari 174 Fund. Manakala Malaysia merupakan kedua terbesar dalam pelaburan Kewangan Islam USD 5.1 Billion dan 184 Fund.

Dengan kehadiran Islamic Fund ini, pelaburan global bertambah lebih rancak dan menarik. Dengan itu para pelabur diharap tidak terlepas pandang paa Islamic Fund ini semasa membuat pelaburan kerana ianya akan memberi kesan yang besar  jangka masa panjang.

Islamic Fund terikat pada peraturan dan larangan semasa plaburan termasuk dilarang dari terlibat dalam perkara yang melibatkan Riba (interest), Gharar, berkongsi keuntungan dan kerugian melalui interest.

Syariah Compliant badan yang bertanggung jawab agar islamic fund di laburkan mengikut kriteria yang disyaratkan oleh pengawasan syariah melalui Penasihat Syariah. Dengan ini mereka perlu me,mbincagkan terlebih dahulu proses stock pelaburan yang diambil dari S & P (stock & poor) Syariah indeks, Dow Jones Islamic Market Indeks dan Securities Commision Malaysia.

Kesimpulannya, Islamic Fund yang dipantau oleh Securities Commission, adalah halal dan sesuai untuk Muslim dan bukan muslim. Setiap produk akan disahkan oleh Penasihat Syariah Company berkenaan. Dan yang paling menariknya kebanyakkan Islamic fund memberikan momentum yang besar dalam pelaburan dengan pulangan tinggi pada risiko yang rendah.

Semoga seamat memilih Islamic Fund yang lebih terjamin halal lagi bersih dan pulangan yang tinggi.

Tahniah ! Satu Pilihan Bijak Bagi Pelabur 2011

Awal tahun 2012,  Kenanga Syariah Growth Fund (KSGF) telah menunjukkan pelaburan yang amat memberangsangkan. diharapkan prestasi ini akan menjadi penanda aras bagi KSGF menempuh cabaran dalam tahun 2012.

Januari 2012 menunjukkan harga NAV KSGF RM 2.88/unit. menandakan satu peningkatan yang amat memberangsangkan. Oleh itu juga kepada semua pelabur KSGF anda patutnya mengucapkan tahniah kepada diri sendiri di atas satu tindakan yang bijak yang telah dilakukan.

Bayangkan sekiranya pada bulan September 2011 harga NAV per unit RM 2.65, tetapi and menangguhkan permulaan pelaburan , bermakna anda telah kerugian RM 0.20/unit.  Tapi sekiranya pelaburan itu dilaburkan RM 20,000.00 x 0.20, bermakna anda telah kerugian RM 4,000.00 sekiranya tidak melabur pada waktu itu.

Sebab itu, anda layak mengucapkan tahniah kepada diri anda atas kebijaksanaan dalam merancang kewangan masa hadapan. Semoga 2012 ini akan memberikan rangsangan yang lebih dalam pelaburan KSGF.

Harga Pasaran KSGF

Daily Prices History Kenanga Syariah Growth Fund

Sekiranya anda seorang pelabur@ masih tercari-cari tempat pelaburan yang sesuai, di sini saya coretkan untuk kajian tuan/puan performance harga bagi tempoh 3 bulan KSGF.

Kenanga Syariah Growth Fund   (Fund prices for the last 3 months) 
No.Bid/NAV Price Dealing Date

1.          2.878  January 19, 2012

2.         2.8781 January 18, 2012

3.         2.8744 January 17, 2012

4.         2.8673 January 16, 2012

5.         2.8806 January 13, 2012

6.         2.8823 January 12, 2012

7.         2.8806 January 11, 2012

8.         2.8812 January 10, 2012

9.         2.8793 January   9, 2012

10.       2.865   January   6, 2012

11.       2.8617 January   5, 2012

12.       2.8559 January   4, 2012

13.       2.8537 January   3, 2012

14.       2.8631 December 30, 2011

15.       2.8441 December 29, 2011

16.       2.8387 December 28, 2011

17.       2.8345 December 27, 2011

18.       2.8311 December 23, 2011

19.       2.8267 December 22, 2011

20.       2.8228 December 21, 2011

21.       2.8159 December 20, 2011

22.       2.8198 December 19, 2011

23.       2.8206 December 16, 2011

24.       2.8156 December 15, 2011

25.       2.8118 December 14, 2011

26.       2.8136 December 13, 2011

27.       2.8051 December 12, 2011

28.       2.7932 December   9, 2011

29.       2.7967 December   8, 2011

30.       2.8011 December   7, 2011

31.       2.7903 December   6, 2011

32.       2.7923 December   5, 2011

33.       2.7871 December   2, 2011

34.       2.7847 December   1, 2011

35.       2.7806 November 30, 2011

36.       2.7562 November 29, 2011

37.       2.7454 November 25, 2011

38.       2.7563 November 24, 2011

39.       2.7481 November 23, 2011

40.       2.7523 November 22, 2011

41.       2.7502 November 21, 2011

42.       2.7546  Novembe 18, 2011

43.       2.7558 November 17, 2011

44.       2.7512 November 16, 2011

45.       2.7445 November 15, 2011

46.       2.7402 November 14, 2011

47.       2.7145 November 11, 2011

48.       2.7019 November 10, 2011

49.       2.7105 November   9, 2011

50.       2.7024 November   8, 2011

51.       2.6985 November   4, 2011

52.       2.6841 November   3, 2011

53.       2.6961 November   2, 2011

54.       2.705   November   1, 2011

55.       2.7137 October     31, 2011

56.       2.7109 October     28, 2011

57.       2.698   October     27, 2011

Kenanga Syariah Growth Fund Sharpe Ratio

3 Funds Stand Out in Malaysia Islamic Equity Space	August 22, 2011
We take a look at the Malaysia Islamic equity funds on our platform and sieve through the best among the lot.
Author : iFAST Content Team
KEYPOINTS: Kenanga Syariah Growth Fund, Prudential Dana Al-Ilham And InterPac Dana Safi Beat The FTSE Bursa Malaysia EMAS Shariah Index In Terms Of 3-Year Annualised Returns All Three Malaysia Islamic Equity Funds Showed Their Defensive Side By Losing Less Than The Index’s Return Of -40.51% In 2008 Kenanga Syariah Growth Fund Has The Highest Sharpe Ratio We’ve written several articles in the past about the Shariah principles that govern Islamic funds. In fact, Fundsupermart.com (FSM) Research Team wrote an article “The ABCs of Islamic Funds” recently focusing on the Shariah-compliant securities screening process as well as comparisons between Islamic funds and conventional non-Islamic funds. With the basics covered, we’ve decided to take a look at some of the Islamic equity funds that investors can consider to invest. In this article, we take a look at the Malaysia Islamic equity funds on our platform to examine what they have to offer from an investing perspective. The two areas which we explore include the funds’ performance and Sharpe ratio. COMPARISON OF MALAYSIA ISLAMIC EQUITY FUNDS ON FUNDSUPERMART.COM A quick search using the Fundsupermart.com Funds Selector provides us with fifteen Malaysia Islamic equity funds. All fifteen Malaysia Islamic equity funds have at least three years of performance history and fourteen of these funds use the FTSE Bursa Malaysia EMAS Shariah Index as their benchmark while AmIttikal is the only equity fund which uses a fixed income benchmark. Table 1 below shows the fifteen Malaysia Islamic equity funds and the FTSE Bursa Malaysia EMAS Shariah Index with their 3-year annualised returns and calendar year returns. Table 1: Malaysia Islamic Equity Fund Returns Funds / Index 3-Year Annualised Returns Calendar Year Returns 1H 2011 2010 2009 2008 2007 Kenanga Syariah Growth Fund 19.33% 12.29% 29.70% 30.42% -26.02% 40.83% Prudential Dana Al-Ilham 13.96% 8.09% 21.28% 42.14% -36.89% 46.04% InterPac Dana Safi 13.75% 6.59% 27.18% 27.63% -23.91% N.A. FTSE Bursa Malaysia EMAS Shariah Index 12.60% 6.12% 22.25% 47.63% -40.51% 46.33% ASM Syariah Dividend Fund 12.42% 7.07% 16.48% 23.02% N.A. N.A. AmIttikal 11.00% 6.15% 15.98% 33.68% -33.41% 40.41% AmIslamic Growth 10.74% 7.66% 19.30% 30.46% -34.29% 38.91% OSK-UOB Dana Islam 8.81% 7.83% 16.97% 22.57% -31.95% 44.24% BIMB i Growth 8.55% 4.38% 17.73% 19.62% -23.46% 23.62% Affin Islamic Equity Fund 7.80% 4.01% 10.99% 43.97% -36.40% N.A. Dana Al-Aiman 6.96% 5.13% 14.70% 20.90% -25.89% 30.61% Alliance Dana Adib 6.56% 4.37% 15.49% 28.92% -34.37% 44.61% MIDF Amanah Islamic Fund 4.51% 4.14% 14.07% 17.94% -31.10% 18.70% Dana Bestari 2.91% 3.13% 15.18% 12.99% -29.71% 24.14% ASM Dana Mutiara 1.97% -2.97% 25.15% 20.94% -39.16% 24.41% ASM Syariah Aggressive Fund -4.88% 2.89% 2.93% 18.28% -45.10% 20.67% Sorted according to 3-year annualised returns Source: iFAST compilations, as at 29 July 2011. Performance figures in the table are in RM terms, calculated using NAV prices, with any income or dividend reinvested In terms of 3-year annualised returns, Kenanga Syariah Growth Fund emerged as the top fund, followed by Prudential Dana Al-ilham and InterPac Dana Safi with returns of 19.33%, 13.96% and 13.75% respectively, beating the FTSE Bursa Malaysia EMAS Shariah Index (benchmark index) of 12.60%. If we put aside the performance for 1H 2011 and concentrate on calendar year returns, both Kenanga Syariah Growth Fund and InterPac Dana Safioutperformed the benchmark index in two out of four calendar years. Although Prudential Dana Al-ilham only beat the index in 2008, the fund was just a few percentage points short from beating the index in 2007 and 2009 which was not the case for Kenanga Syariah Growth Fund and InterPac Dana Safi. We would like to point out that although ASM Dana Mutiara managed to stand out in 2008 and 2010, we choose to disregard this fund in our analysis as its 3-year annualised returns was just way off the benchmark index. Another point we would like to highlight is although all fifteen Malaysia Islamic equity funds posted negative returns in 2008 global financial crisis, they (exceptASM Syariah Aggressive Fund and ASM Syariah Dividend Fund) showed their defensive side by outperforming the index’s return of -40.51%. In 2009, none of these fifteen funds managed to beat the index due to the funds’ strategy of adopting a more defensive approach in view of the global financial crisis in 2008. However, this underperformance against the benchmark is not limited to Shariah-compliant funds as non-Islamic Malaysia equity funds also lagged behind the broad-based FTSE Bursa Malaysia KLCI, bringing in an average return of 35.88% versus the 49.95% return of the broad-based index (data from Bloomberg, calendar year total return for 2009). Since Kenanga Syariah Growth Fund, Prudential Dana Al-ilham and InterPac Dana Safi outperformed the benchmark index in several periods, we take a closer look at the funds’ Sharpe ratio. SHARPE RATIO Sharpe ratio measures how much extra return an investor is expected to receive for every unit of risk that the investment undertakes. The extra return is calculated by subtracting the risk-free rate from the return of the investment. Meanwhile, risk which is represented by the volatility of the investment’s return is measured by its standard deviation. The formula for Sharpe ratio is as below: Sharpe ratio = (return - risk-free rate) / σ (volatility) A higher Sharpe ratio is preferred as it signifies that the investment provided a higher return per unit of risk as compared to its peers. Also, a lower volatility of an investment’s return is preferred as it shows that the investment's return tend to be more consistent. For our calculation of the Sharpe ratio, we used the Maybank 12 Months Fixed Deposit Rate of 3.15% (as at 16 August 2011) as the risk-free rate. Below are the 3-year Sharpe Ratios and volatility of the three Malaysia Islamic Equity Funds and benchmark index. Table 2: Sharpe Ratios and Volatility Funds / Index Volatility (σ) Sharpe Ratio Kenanga Syariah Growth Fund 9.67% 1.56 InterPac Dana Safi 10.36% 1.00 Prudential Dana Al-ilham 15.22% 0.73 FTSE Bursa Malaysia EMAS Shariah Index 16.40% 0.62 Risk-free rate used is Maybank 12 Months Fixed Deposit Rate, 3.15% as at 16 August 2011 Source: iFAST compilations From Table 2, all three Malaysia Islamic equity funds have lower volatility and higher Sharpe ratio as compared to the index. However, Kenanga Syariah Growth Fund once again stole the spotlight by achieving the highest Sharpe ratio and lowest volatility. This goes to show that for the past 3 years (from 29 July 2011),Kenanga Syariah Growth Fund provided investors with higher returns at lower risks. CONCLUSION Investors who are looking to invest in Malaysia Islamic equity funds can consider all these three funds; with Kenanga Syariah Growth Fund and Prudential Dana Al-ilham being our recommended funds for 2011/12 while InterPac Dana Safi is one of eight equity funds on our platform that has no sales charge. (See “8 Equity Funds with No Sales Charge”)