Manulife IM Launches Shariah Dynamic Leaders Fund

KUALA LUMPUR, July 23 (Bernama) -- Manulife Investment Management (Manulife IM) has launched the Manulife Shariah Dynamic Leaders Fund, the firm’s first shariah-compliant global equity fund in Malaysia.

In a statement, the global asset manager said the fund is actively managed and invests in between 40 and 60 shariah-compliant large-cap companies with strong brands, solid growth potential, and consistent profitability.

“It focuses on current and future industry leaders, using both top-down and bottom-up strategies to navigate market challenges while aiming for long-term capital growth with appropriate risk levels,” it said.

Manulife IM said the fund targets companies with strong brand recognition, attractive growth profiles, and the ability to deliver consistent margins and profitability -- traits that support long-term capital appreciation with appropriate levels of risk.

The Manulife Shariah Dynamic Leaders Fund aims to achieve greater capital growth by investing at least 80 per cent of its net assets in a concentrated portfolio of equity and equity-related securities of large-capitalisation companies listed globally.

This includes, but is not limited to, common stocks and depositary receipts, the fund manager added.

-- BERNAMA