NEWS ROOM

Libra Invest Berhad would like to notify investors of the change in performance benchmark for Libra SyariahEXTRA Fund, Libra ASnitaBOND Fund and Libra Shariah Liquidity Fund Series 2 with effect from 1 July 2016. The abovementioned Shariah-compliant Funds were previously benchmarked against the Maybank General Investment Account-I (“GIA-i").The Maybank GIA-i uses a Shariah principle (Mudharabah) which is no longer deemed as a deposit. Hence, the above three Shariah-compliant Funds have since adopted the Maybank Islamic Fixed Deposit-i Rate in place of the Maybank GIA-I, as outlined in the table below:  

 

Fund

Existing Benchmark

New Benchmark

 Libra SyariahEXTRA Fund  The benchmark for SyariahEXTRA is SE benchmark.SE benchmark consists of 50% FBM EMAS Shariah Index and 50% Maybank 12-months GIA-i rate (Note 1)  50% FBM EMAS Shariah Index and 50% Maybank 12 Months Islamic Fixed Deposit-i Rate(Note 1)
 Libra ASnitaBOND Fund Maybank 6-months GIA-i Tier 1 Rate   Maybank 12 Months Islamic Fixed Deposit-i Rate
 Libra Shariah Liquidity Fund Series 2 Maybank 1-month GIA-i Tier 1 Rate   Maybank 1 Month Islamic Fixed Deposit-i Rate

Note 1: Over the long term, equity asset allocation would range between 40%-60% of the Fund’s NAV and fixed income/sukuk and liquid asset would range between 40%-60% of the Fund’s NAV. Therefore, the composite benchmark is a reflection of the Fund’s average asset allocation over the long term of 50% of the Fund’s NAV in equity and 50% of the Fund’s NAV in fixed income/sukuk and liquid asset.