Friday 14 Jun 2024
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KUALA LUMPUR (Dec 16): PHEIM Unit Trusts Bhd launched on Thursday (Dec 16) three new Islamic products, namely Pheim Greater China Islamic Fund (PGCIF), Pheim ASEAN Islamic Fund (PAIF) and Pheim Global ESG Islamic Fund (PGEIF). 

In a statement, it said by investing primarily in the China, Hong Kong and Taiwan markets in accordance with syariah principles, the PGCIF aims to achieve capital appreciation over a long-term period.

“Economic and industry transformation in the East Asian region continues to see exponential growth, driven by a mixture of technological advancement, efficient labour and governmental intervention. 

Chief among these regions is the Greater China region, which has accelerated in response to advances in digitalisation and automation that have increasingly become the focus of foreign investors,” it added.

It also noted that the second new product — PAIF — leverages ASEAN's demographic advantages and geographical proximity, noting that its countries are prime beneficiaries of supply chains and manufacturing relocations as a result of continuing US-China trade and geopolitical tensions. 

It added that PAIF is designed to achieve capital appreciation and suitable for investors who prefer syariah-compliant investments and seek investment exposure to the high-growth ASEAN region.

As for the third new product known as PGEIF, PHEIM noted that the investment community increasingly believes that responsible investment will be good for the world in the long run. 

“Future investment will incorporate long-term financial risks and opportunities into their investment decision-making processes and be able to generate sustainable and long-term financial returns. We are confident that PGEIF will benefit society and provide investors a reasonable return in the long run,” it added. 

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