Nudgem Richyal
Senior Fund Manager
Investment Objective
The JOHCM Global Select Shariah Fund aims to achieve its objective by investing in a portfolio of Shariah compliant global equity securities listed on any Recognised Market. Under normal market environments it is the intention to be near-fully invested, and at no time will less than 80% of the Fund’s total net assets be invested in such securities. The benchmark of the Fund is the MSCI ACWI Islamic Index but the Fund will be managed on an ‘unconstrained basis’ with no restrictions in terms of regional or sector allocation versus this benchmark.
Fund details
Data as at 31 March 2024
| Fund size | GBP 18.07m |
|---|---|
| Strategy size | GBP 16.29m (as at 31 December 2023) |
| Benchmark | MSCI ACWI Islamic NR 12pm adjusted |
| Domicile | Ireland |
| Denomination | USD |
| Share classes | |
| Unit type | Distribution |
| Valuation point | Daily (12pm, UK time) |
| Dealing frequency | Daily 9-5pm |
Fees and charges
| Initial charge | up to 5% |
|---|
Administration
| Status | UCITS |
|---|---|
| Investment manager | J O Hambro Capital Management Limited |
| Transfer agent and registrar | RBC Investor Services Limited |
| Depositary | RBC Investor Services Limited |
The information provided on this webpage is for professional advisers only. The Fund follows formal Shariah Investment Guidelines which have been reviewed by a recognised Sharia Adviser. The Guidelines are used to identify a list of compliant stocks which will comprise the Fund’s investible universe. The Fund makes no guarantee on the accuracy, quality or reliability of the determinations made by the Shariah Adviser. Shariah principles are subject to interpretation and there may not be consensus between different Shariah experts. If it is determined that an investment is no longer Shariah compliant, the Fund will be required to divest and this may incur a loss.
For any company in which the Fund holds an investment, there may be an element of income that the company derives from activities that do not comply with Shariah principles, that is, from “Non-Permissible Income”. Non-permissible income will form part of the property of the Fund and will be distributed to shareholders through any dividends paid. Shareholders will be responsible for the purification of their pro-rated portion of the non-permissible income.
