Element Islamic Equity Fund Fact Sheet

Fund Details
Fund Sector
SA – Equity – General
Assets Under Management (R m) (Mar 2019)
R137 R 7 5.1094%
Number of Accounts (Mar 2019)
1 257 22 1.75%
Fund Asset Allocations (R m)
Sector Mar 2019 Dec 2018
Equities R 94 R 95
    Local    R 94    R 95
    Foreign    R 0    R 0
Cash Instr. R 14 R 10
    Local    R 14    R 10
    Foreign    R 0    R 0
Property R 0 R 0
On FoF R 29 R 25
Fund Investment Aims, Objective and/or Universe
The primary objective of the fund will be to achieve capital growth with a reasonable level of income that is halaal (permissible) for investors through investment in predominantly the domestic equity market.The fund will invest in securities in the JSE that comply with Shari’ah guidelines that govern Islamic Investment Funds and that prohibit investment in companies whose primary business is not consistent with Shari’ah principles.The Manager shall be permitted to invest on behalf of the fund in offshore investments as legislation permits
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