Wsf Reliance Global Shariah Growth Fund
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Top performing Shariah-compliant equity fund
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- 1. ISLAMIC INVESTORFUND FOCUSWSF Reliance Global Shariah Growth
Fund US$ ITo seek long-term capital growth from an actively managed
portfolio of Shariah compliant securities whichmay be located in
any jurisdiction or in any economic sector provided that such
securities are listed securities orsecurities quoted on a
recognized stock exchange.What led to this fund being
launched?market is currently rewarding with FACT SHEETReliance
Asset Management (Malaysia) outperformance, so we take
measuredInvestment Reliance Assetis a wholly-owned subsidiary of
Reliance stock risk. The fund holds about 100 managerManagement
(Malaysia)Capital Asset Management, Indiaspositions, which both
increases ourTrusteeState Street Trusteeslargest asset management
company.ability to gain exposure to preferred (Guernsey)The
investment team has managed topstyles, whilst at the same
timeShariahCIMB Islamicperforming mutual funds in the past,
sominimizing stock specic risk. advisor(s)we chose to oer a
strategy based uponthis proven investment process.How often do you
review this fund? BenchmarkS&P Developed BMI(Index)Shariah
Index The portfolio is restructured once perWhy has this particular
region / asset month, in line with the rebalancingDomicile
Guernseyclass been chosen? schedule of the S&P Shariah
benchmarkInception date 16th August 2010We wished to provide
investors with aindex. Fund Fund Size (Total)broad based exposure
to global equities characteristicsUS$11.04 millionas a solid
foundation for their investment What is the rate of return of this
fund? (as at 31st May2011)NAV per shareportfolios.The fund has
returned 12.29% year-to- Class I US$: 13.25 date and 32.5% since
inception. Minimum InvestmentWhat are the key factors that drive
theUS$ I Class = US$/GBPfunds performance?What is the market
outlook for this 500,000We observe most of the indicators that
fund? Annual Management Feetraditional investors analyze, but we do
Our investment process is designed to I Class: 0.3 % p.a.this in a
systematic, data-intensive way.be an all weather strategy;
regardless(performance fee of 20%The fund invests in companies
around of the investment climate the process of the net increase
above 8% of NAV)the world that oer the most
compellingsystematically adapts stock selectioncombinations of the
most favorable criteria to suit the prevailing economic PERFOMANCE
SUMMARYinvestment styles, such as value, growth conditions. WSF
Reliance S&Por momentum. Global Shariah Developed How has this
fund performed comparedGrowth Fund BMI ShariahWho are your
investors (prole)? to your initial expectations? US$IInvestors tend
to be private investors This fund is the best performing ShariahYTD
Return12.29% 7.58%and high net worth individuals.compliant global
equity fund both year-However it would be wrong to assumeto-date
and since inception. Hence, it hasReturn sincethat a Shariah fund
only appeals tofullled our
expectations.32.5%28.66%InceptionMuslims. In fact, as of
year-to-date,the fund is in the top 3% of all globalHas your
strategy for this fund changedequity funds, so there is no give up
insince inception, and if so how?FUND PORTFOLIO COMPOSITIONterms of
performance.The process has not changed since inception. What does
change is the shape Cash 2.24%What specic risks does the fund
takeof the portfolio as it shifts the balance Asia13.36%into
consideration and why?of exposure between momentum, valueWe look
for the stocks that best express and growth characteristics within
sectorsEurope25.25%the nancial characteristics that theacross the
regions.America59.16% COMPARISON GRAPH INDUSTRY ALOCATION Utilities
1356.65%9.5% 8.6% Telecommunications
13016.2%Information16.1%Technology 125 10.9% 17.3% Financials
12017.6%Health Care 115 Consumer Staples 110S&P Developed BMI
ShriahWSF Reliance Global Shariah Growth FundConsumer 105
Discretionary 100 Industrials95 Materials2.2%10 111010 1111 Energy
10 1011 11ugay0.5%p ovac precct b nSe CashM Fe AMO Ja AD N0.4% 1717
1717 17 171717 17 170.6% 6th July 2011