The investment objective of our Islamic Regional Asia Capability is to seek capital growth
over the medium to long term.
The fund managers seek to achieve this objective by investing
principally in the equity securities and equity related securities comprising depository
receipts of companies that are domiciled or with their core business in the Asian Pacific
region (excluding Japan) or the ASEAN region, which the fund managers or Sub-Investment
Adviser believe are mispriced by the market and have the potential for significant growth.
We seek stocks with desirable characteristics such as improving and sustainable business
fundamentals, attractive relative valuations, and increasing investor expectations. We
support this with a tactical asset allocation overlay process that adjusts tracking error and
beta limits, sector overweights / underweights, and country overweights / underweights. As
a result, we focus on constructing portfolios with earnings growth higher than
market/consensus, price Earnings Ratio (PER) lower than market, dividend yield higher than
market / consensus, and Price/Book lower than market.
