AmIslamic Funds Management now offers an Islamic bond fund that provides capital appreciation over the short-to-medium term.
The company said the fund, AmIslamic Fixed Income Conservative, would be invested in a portfolio comprising fixed- income instruments that complied with shariah principles.
AmInvestment Bank Group Funds Management Division CEO Datin Maznah Mahbob said risk-averse investors looking to invest for stability in the current global uncertainties would find this fund most suitable as it has potentially higher returns than fixed deposit1.
She said the fund's investments provide capital preservation while investors could invest in the fund with minimal cost as it has no entry and exit charges.
The management fee is 0.75 per cent per annum of the net asset value, she said in a statement.
AmIslamic Fixed Income Conservative has 500 million units in approved fund size. Its initial and additional investments are RM1,000 and RM500, respectively.
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