AmInvest’s AmIslamic Global REITs Fund offers investors the opportunity to tap into more than a half dozen global Islamic real estate investment trusts (REITs) via an active management strategy.
“To ensure diversification, the fund will maintain a minimum of seven CIS [collective investment schemes], which include REITs, at all times,” AmFunds Management Chief Investment Officer Wong Yew Joe told IFN Investor. “However, our strategy is to invest in a broader range of CIS, prioritizing REITs with strong income generation and capital growth potential.”
The fund began operating on the 10th March 2025, investing up to 98% of its net asset value (NAV) in various sub-sectors including residential, retail and industrial. It offers investment opportunities in both US dollar and Malaysian ringgit with the initial offer price being US$1 and RM1 (US$0.23), respectively, with subsequent investments of US$500, while its RM Class and RM Hedged Class is at RM1 (US$0.23) with an additional investment of RM500 (US$112.63).
While the fund’s primary focus is on securities within the FTSE EPRA Nareit IdealRatings Global REITs Islamic Index, it may also look at investments outside the benchmark, subject to consent by its appointed Shariah adviser, Amanie Advisors.
“We are excited to offer investors access to a diversified portfolio of Shariah compliant global REITs,” Wong said, adding that the fund’s dual USD-RM platform also enables investors “to choose the currency that best suits their needs”.
Potential key portfolio holdings include companies like Unite Group, Regency Centers Corp, Welltower, Prologis, and Goodman Group, offering exposure across diverse geographical regions.
A hedged class of shares are also in the works. When launched, investors will be able to subscribe to that through a standard fund subscription process, providing required documentation and proof of payment in the hedged class currency.
The hedged class aims to mitigate currency fluctuation impacts between the fund’s base currency (USD) and the hedged class currency, utilizing Islamic financial derivatives.
*Disclaimer: The opinions and viewpoints expressed in the Fund Profile do not constitute as a recommendation for any funds highlighted. The information presented is not investment advice and should not be treated as such.
| AmIslamic Global REITs Fund | |
| Fund manager | AmFunds Management |
| Launch date | 10th March 2025 |
| Asset class | Income |
| Base currency | USD |
| Initial investment | USD Class: US$1, additional investment US$500 RM Class: RM1 (US$0.23) RM Hedged Class: RM1 (US$0.23); additional investment RM500 (US$112.63) |
| Unit price | USD Class: US$1 per unit RM Class: RM1 (US$0.23) per unit |
| Investment objective | Regular income |
| Benchmark | FTSE EPRA Nareit IdealRatings Global REITs Islamic Index |
| Risk profile | High |
| Distribution | Annually in cash or units (subject to availability of income) |
| Management fee | 1.5% of the fund’s NAV attributable to this class per annum |
| Subscription fee | Up to 5% of the NAV per unit of the class(es) |
| Trustee fee | 0.05% of the fund’s NAV per annum |
| Tax and Zakat advisor fee | The fund does not pay Zakat on behalf of Muslim individuals and Islamic legal entities who are investors of the fund. Thus, investors are advised to pay akat on their own. |
