MAMSB declares income distributions

KUALA LUMPUR: Manulife Asset Management Services Bhd (MAMSB) yesterday declared income distributions for two of its Islamic unit trust funds for the financial year ended 30 November 2016.

An income distribution of 3.50 sen per unit was declared for Manulife Investment Al-Ma’mun (an Islamic money market income fund) and 0.80 sen per unit was declared for Manulife InvestmentCM Shariah Flexi Fund (a mixed assets Islamic growth fund).

All unit holders who maintained their units in the two funds as at November 25, 2016 are entitled to receive the distributions, which represent distribution yields of 3.42 per cent and 3.34 per cent respectively.

Wong Boon Choy, chief executive officer and executive director of MAMSB said, “We are pleased that Manulife Investment Al-Ma’mun and Manulife Investment-CM Shariah Flexi Fund have generated five-year returns of 16.08 and 41.57

We are pleased that Manulife Investment Al-Ma’mun and Manulife Investment-CM Shariah Flexi Fund have generated five-year returns of 16.08 and 41.57 per cent, respectively. Wong Boon Choy, chief executive officer and executive director of MAMSB

per cent, respectively.

“Manulife Investment AlMa’mun and Manulife InvestmentCM Syariah Flexi Fund are part of our range of Islamic funds which are suitable for investors who seek investments conforming to syariah requirements.

“Manulife Investment-CM Shariah Flexi Fund is also one of the seven funds in Manulife’s unique Flexi Series, which is managed using the multi-manager approach, thereby offering investors the choice to further diversify their investments with a selection of highly credible fund managers.

Manulife Investment Al-Ma’mun is designed for investors who are conservative in nature and have a low tolerance for risk. These investors should have a short-term investment horizon and wish to temporarily liquidate or reduce exposure in Shariah-compliant equities. It is suitable for investors who seek Shariah-compliant investment avenues.

Manulife Investment-CM Shariah Flexi Fund is designed for investors who seek capital appreciation and are willing to accept a medium to high level of risk. The Fund is suitable for investors who seek investments which conform to the requirements of the Shariah, who do not seek a regular income stream and ideally have a mediumto long-term investment horizon of between 3 and 5 years.