M E D I A S T A T E M E N T
PMB INVESTMENT LAUNCHES PMB SHARIAH SMALL-CAP FUND
PMB Shariah Small-Cap Fund (PMB SSCF) was today launched by the Honourable Minister of Rural and Regional Development Dato’ Sri Ismail Sabri Yaakob. It is the 14th equity unit trust fund of PMB Investment Berhad (PMB Investment), a wholly-owned subsidiary of Pelaburan MARA Berhad.
Speaking at the launching ceremony here at the Sime Darby Convention Centre in Kuala Lumpur, Ismail said PMB SSCF will invest primarily in small-sized Shariah-compliant companies listed on Bursa Malaysia that have good business potential with the potential to grow.
Also present at the event are MARA Director-General Datuk Ibrahim Ahmad and PMB Investment Chairman Datuk (Dr.) Zamani Md Noor.
PMB SSCF defines small-sized companies as those with market capitalization of between RM250 million and RM1 billion. However, the Fund can also invest up to 20% in mid-sized companies with market capitalization of more than RM1 billion but up to RM7 billion.
PMB SSCF will complement PMB Investment’s stable of equity growth funds which aims at attaining capital growth over the medium to long term period. The Fund, according to Ismail, allocates between 70% and 99.5% of its net assets value for investments in Shariah-compliant listed companies.
“PMB SSCF will focus its investments on companies with growth prospects in medium to long term horizon, reasonably good earnings, quality management and good corporate governance,” the Minister added.
In addition, price performance of small sized companies are less dependent on the inflows and outflows of foreign funds as compared that of highly capitalized listed companies.
PMB Investment expects PMB SSCF to reach a fund size of RM30 million by the end of the year, according to PMB Investment Chief Executive Officer Ameer Ali Mohamed.
“We hope to be able to achieve this target based on the performance of other funds under management as well as the ongoing marketing and promotional activities,” he said.
Ameer added that the PMB SSCF is suitable for investors seeking capital appreciation from investing in a Shariah-compliant fund over a medium to long term and are willing to take high risks.
The subscription for the Fund is offered at 50 sen per unit with minimal initial investment of RM100 and minimum additional investment of RM50 making PMB SSCF extremely affordable for all Malaysians, he said.
Thus far, there are seven funds registered in the small-cap categories in Malaysia. PMB SSCF will be the second Shariah compliant unit trust fund in the market for this category.
Meanwhile Zamani in his welcoming speech lauded the role of PMB Investment in educating the public on the need for savings and investing to ensure adequate savings by the retirement age.
The tour of #ArifLabur programme of PMB Investment that started in the second half of last year has reached 12 cities in the country, with the latest one in Kuala Terengganu last week.
“We are also bringing #Ariflabur to universities, starting with the Management & Science University last month. Next we will bring it to Universiti Putra Malaysia and Universiti Teknologi MARA,” Zamani added.
PMB Investment is an Islamic fund management company offering unit trust products and portfolio management services. With the launch of PMB SCCF, it now manages 14 unit trust funds, two wholesale funds and several portfolio accounts with investment in traditional asset classes of equity, sukuk and money market.
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