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Pacific Mutual Sees Enormous Growth Opportunities In Shariah-compliant Investment Markets

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PETALING JAYA /PRNewswire/ — In a statement today, Pacific Mutual Fund Bhd, an investment management company under the OCBC Group, with internal resources to manage both local and global investments for its clients, says the demand for Islamic funds is projected to outpace supply, given the enormous growth opportunities.

Teh Chi-cheun, Chief Executive Officer & Executive Director, Pacific Mutual Fund Bhd
Teh Chi-cheun, Chief Executive Officer & Executive Director, Pacific Mutual Fund Bhd

According to the company’s Chief Executive Officer and Executive Director, Teh Chi-cheun, “There is a huge universe of Shariah-compliant investments globally, especially in sectors such as consumer staples, technology, logistics and energy. The HALAL food sector is projected to grow at 8.5% compounded annual growth rate from 2015 to 2021 (source: State of Global Islamic 2016/2017). Growing population and increased awareness will also have great impact in the growth of Islamic fund assets.”

Recognising the exponential growth potential of the global Shariah investment universe, Pacific Mutual continues its mission of promoting innovation by launching the first Malaysian Shariah-compliant global fund with a dynamic and flexible asset allocation (source: Lipper for Investment Management, 8 March 2017).

With the launch of Pacific Dynamic Global Islamic Fund, investors can now have access to these global Shariah-compliant asset classes – equities and sukuk (fixed income). The Fund’s dynamic and flexible asset allocation, ranging from 0% to 100% in any of the asset categories, not only allows it to potentially profit from market volatilities but also its combination of equities and fixed income allocation should reduce overall portfolio volatility.

The Pacific Dynamic Global Islamic Fund aims to provide capital growth and income in the medium to long term by investing in a global portfolio of Shariah-compliant equities, sukuk and Islamic money market instruments, including Shariah-compliant exchange traded funds (ETF) and Shariah-compliant collective investment scheme (CIS). The Fund’s initial offer price is RM0.5000 per unit during the initial offer period from 28 March 2017 to 17 April 2017. The Fund is distributed nationwide at all Pacific Mutual’s offices and agency offices.

PACIFIC MUTUAL FUND BHD is a subsidiary of Lion Global Investors Limited (formerly known as Lion Capital Management Limited), a company incorporated in Singapore since 1986. Both companies are members of the OCBC Group. As at the end March 2017, Pacific Mutual manages RM1.5 billion on behalf of its unit trust investors and private mandate clients. For more information, kindly log on to www.pacificmutual.com.my

MEDIA CONTACT:

Cindy Leong 03 – 7725 9877 ext. 173 cindy@pacificmutual.com.my

Cindy Thean 03 – 7725 9877 ext. 148 cthean@pacificmutual.com.my

Photo – http://photos.prnasia.com/prnh/20170328/8521702036

Source: Pacific Mutual Fund Bhd

Written by asiafreshnews

March 29, 2017 at 11:56 am

Posted in Uncategorized

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