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 TnG eWallet Discussion Thread V1, eWallet, PayDirect

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tchau83
post Jul 15 2022, 12:35 AM

Getting Started
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Junior Member
62 posts

Joined: Feb 2010
From: PG/SG


Just sharing, up to 10% of the fund invested in (likely corporate) bonds

From prospectus:
The asset allocation strategy for this Fund is as follows:
 at least 90% of the Fund’s NAV will be invested in Islamic money market instruments and/or Islamic Deposits; and
 up to 10% of the Fund’s NAV may be invested in Islamic fixed income instruments, which have a remaining maturity period
of more than 365 days but less than 732 days.

The ratings of the Islamic money market instruments and Islamic fixed income instruments will be at least a
“BBB3” or “P2” rating by RAM or equivalent rating by MARC or by local rating agency(ies) of the country of issuance; or “BBB-”
by S&P or equivalent rating by any other international rating agencies.

 

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