Zurich Takaful Malaysia Bhd
(Zurich Takaful) has launched the new Shariah Global Edge Fund, a multi-sector
Exchange Traded Fund (ETF) managed by leading global asset management firm,
This new fund provides an
opportunity to every Malaysian to diversify investment to remain resilient in
current market situation.
"We have two firsts here - a
new fund offer as an opportunity to recover your savings value in current times
and a Global Shariah Fund in collaboration with BlackRock which has a US$7.32
trillion (RM31.19 trillion) in assets on behalf of investors worldwide.
"This combination is Shariah
certified, hence provides both transparency and resilience to consumers in
Malaysia. It is our responsibility to be responsive to current situation and
market needs to create value for them," Zurich Takaful chief executive
officer Mukesh Dhawan said in a statement today.
The Global Shariah Fund has an
offer price of RM0.501 per unit and is ideal for investors who understand their
investment strategy, risk appetite, and seek to diversify their portfolio with
foreign exposure to manage volatility for long term growth.
BlackRock's head of iShares Asia
Pacific distribution Geir Espeskog said market volatility in the first quarter
of 2020 have accelerated investor appetite for broad indexes that consist of
high quality companies with strong balance sheets.
He said technology and healthcare
sectors comprise of more than 40 per cent of the MSCI World Islamic Index, and
these types of companies are key beneficiaries from the stay-at-home economy.
"Investors will continue to
diversify and search for growth opportunities across regions and sectors amidst
uncertainty, and develop a preference towards companies that score highly on
environmental, social, and governance," he said.
The fund is available through
Zurich Takaful investment-linked products which are accessible via
approximately 6,000 wealth planners nationwide.