Element Islamic Global Equity Fund Fact Sheet

Fund Details
Fund Sector
Global Equity General
Assets Under Management (R m) (Mar 2019)
R81 R 10 12.345%
Number of Accounts (Mar 2019)
716 26 3.6312%
Fund Asset Allocations (R m)
Sector Mar 2019 Dec 2018
Equities R 66 R 57
    Local    R 0    R 0
    Foreign    R 66    R 57
Cash Instr. R 2 R 2
    Local    R 2    R 2
    Foreign    R 13    R 12
Property R 0 R 0
On FoF R 0 R 0
Fund Investment Aims, Objective and/or Universe
The objective of the fund will be to achieve long term capital appreciation without concentrating on income requirements and to create an internationally diversified equity fund for investors.

The manager aims to do this by investing in a spread of equity securities across the globe, listed on exchanges that are full members of the World Federation of Exchanges.The fund will invest in international equity securities, listed property, money market instruments and assets in liquid form, that have been approved for investment by the Shari’ah Supervisory Board from time to time.The fund will be predominantly invested in international securities in developed countries.The investment policy will allow any other securities that are considered consistent with the fund’s investment objective that the Act may from time to time allow, all to be acquired at fair market prices.
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