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Pacific Mutual’s Pacific Dana Dividen (PDD)

pacific-dana-dividend.jpgThe launching of Pacific Dana Dividend Fund last Thursday marks the 16th fund managed by Pacific Mutual Fund Berhad. I was only able to make it to the fund’s briefing organized by the company at Eastin Hotel yesterday night (I was out of town for almost a week).

And in the short 2-hours briefing, here’s the information I’ve to share with you. (For my investors and newsletter subscriber, you will receive a separate update ;-) )

Fund Category: Equity

Fund Type: Growth + Income

Characteristic: Fairly Aggressive

Investment Objective: Aims to provide capital growth and steady attractive income in the medium to long term by investing in a portfolio of equities that are paying or have the potential to pay attractive dividend and that comply with Syariah requirements.

Minimum and Maximum Levels of Asset Allocation:
Equity Allocation
Minimum- 70% of the fund’s NAV
Maximum- 100% of the fund’s NAV

Islamic debt allocation:
Maximum- 30% of the fund’s NAV

Maximum Service Charge: 5.0%

Annual Management Fee: 1.5% p.a. of the NAV of the Fund

Investment Modes:
(i) Cash Plan- Minimum Initial investment is RM 500 and Minimum Additional Investment is RM 100.
(ii) Saver’s Plan: Minimum 5-year period and a minimum monthly investment of RM 50.

Performance Benchmark: 50% in Syariah Index (KLSI) and 50% Dow Jones Islamic Market World Index.

And since this is a global fund, you cannot use EPF money for this Fund.

The Syariah Index

Here’s an excerpt from The Star Online

pacific-dana-dividend-launching.JPGPacific Dana Dividen aims to provide capital growth and steady income in the medium to long term.

Chief executive officer Michael Auyeung, in an interview, said: “The fund has a strategy of buying into syariah-compliant stocks with sustainable and high-dividend yields that offer attractive and potentially above-average income and capital gains.

“Its portfolio of syariah-compliant dividend stocks provides lower volatility as price fluctuations of these stocks tend to be lower than the general syariah-compliant equities.�?

“Dividend-style investing is tried and tested, through bull and bear markets.

“Our first dividend fund, Pacific Dividend Fund, has to-date generated total returns of 89% since its inception in November 2003 (compared with its benchmark, the KL Composite Index, of 73%) and about 19% compounded return annually,” he noted.





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