More details on one of our featured funds in the Custom Portfolio – Aberdeen Standard Islamic World Equity Fund

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25-11-2021

Come rain or shine, we need a portfolio that caters to all weather conditions, offers sustainable growth and stability when it matters most. The Aberdeen Standard Islamic World Equity Fund aims to be the core portfolio that is designed to meet your needs.

Market downturns are unavoidable. However, Shariah-compliant companies typically have less debt compared with conventional firms. Companies that have less debt particularly during downturns can focus on their business with fewer concerns about their cash flow, and hence are better positioned to offer steady growth for investors.

 

Diversification

The fund invests globally across sectors, providing diversification benefits for investors. In particular, it prioritises sectors that offer growth and resilience, such as IT and health care.
It invests in an international portfolio of Shariah-compliant equities and related securities of companies with good growth potential, including countries such as Canada, US, UK, France, Germany, Japan, Australia, China and South Korea, among many others.

Its current top 5 holdings as at 31 October 2021 are:

  1. ASML Holding – A manufacturer of chip-making equipment founded in Netherlands.
  2. L’Oreal – A personal care company headquartered in Paris, France.
  3. Taiwan Semiconductor Manufacturing Company (TSMC) – The world’s largest contract manufacturer of the semiconductor chip, based in Taiwan.
  4. Procter & Gamble Co – A multinational consumer goods corporation headquartered in the US.
  5. Nike Inc – A multinational corporation that’s engaged in designing and manufacturing footwear and apparels, among others.

 

Strong performance

The fund generated a strong 2020 performance, returning 18.80% for the year and outperforming the benchmark by 9.00%. It has delivered an annualised return of 12.8% since inception*.
It has been named the “Best Global Islamic World Equity Fund” by FundSupermart for five years running.

To learn more about the fund, please visit their website here.

*as at 30 September 2021.

 


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Important Information 

The information on this website is general advice only. This means it does not consider any person’s investment objectives, financial situation or investment needs. If you are an investor, you should consult your licensed adviser before acting on any information contained in this article to fully understand the benefits and risk associated with the Raiz product. 

The information on this website is confidential. It must not be reproduced, distributed or disclosed to any other person. The information is based on assumptions or market conditions which change without notice. This will impact the accuracy of the information. 

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz.