Jun 19 2011
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AmIslamic launches ASEAN Equity fund
The new fund will target medium- to long-term capital growth by investing in a portfolio of equities in the ASEAN markets with specific focus on the markets of Indonesia, Malaysia, Singapore, Philippines and Thailand, known as the ASEAN 5.
Mohamed Fauzi Mohamed Tahir, AIFM's head of equities said: "These regions have a strong projected underlying growth... According to the IMF, the ASEAN-5's projected growth of 5.1% will outperform developed markets such as the US (2.9%) and Europe (1.8%) in 2012."
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