Skim Unit Amanah Syariah

Market Wrap: Week Ended 26 Apr 2013

Posted by BluesMan in Wednesday

Regional markets were generally up following the release of improved U.S. jobless claims and housing data.
Regional economic activities expanded at a moderate pace with South Korea‟s GDP growth sustained in 1Q2013 and Hong Kong's exports rebounding in March.
Regional markets are expected to remain volatile over the near-term as investors monitor the pace of growth in regional economies amidst an anticipated slowdown in economic activities for the U.S. and Europe.

Additional Funds Approved under Employees Provident Fund Members Investment Scheme (EPF-MIS)

Posted by BluesMan

Please be informed that the following funds will be opened for investment under the EPF-MIS with effect from 16 May 2013:

Public Select Alpha-30 Fund
Public Islamic Select Bond Fund

Market Wrap: Week Ended 9 Nov 2012

Posted by BluesMan in Thursday

In tandem with weaker U.S. markets, the FBM KLCI eased to a six-week intraday low of 1,632.0 points on Thursday before closing at 1,641.1 points to register a weekly loss of 0.9%.
Most regional markets registered losses on concerns that the outlook for the U.S. economy will be adversely affected if the U.S. Congress fails to defer the US$600bil of tax hikes and spending cuts due to take effect on 1st January 2013.
Looking ahead, the local market is anticipated to remain volatile as investors monitor the trend in global economic data and the outcome of negotiations over the looming fiscal cliff issue in the U.S.

Market Wrap: Week Ended 19 Oct 2012

Posted by BluesMan in Tuesday

The FBM KLCI retested a new record intraday high of 1,670.2 points on Friday before closing at 1,666.4 points for a gain of 0.8% for the week.
Regional markets closed higher on expectations that Chinas economic activities have bottomed out in 3Q2012 and that growth will strengthen in the current quarter.
Looking ahead, the local market is anticipated to move in tandem with overseas markets as investors continue to monitor the outlook for global economic activities.