Net Asset Value(s)
The Family Shari'ah Fund Limited
('FSF' or the 'Company')
NET ASSET VALUE
The Directors today announce that the estimated Net Asset Value per ordinary share of US $0.01 each ("Ordinary Share") based on the estimated value of The Family Shari'ah Fund Limited provided by the Fund Administrator - Apex Fund Services (Ireland) Limited as at 31 Jan 2011 - including income was US $0.8980*.
The Net Asset Value position* as at 31 Dec 2010 and 31 Jan 2011 and the portfolio allocation as at 31 Jan 2011 is summarised below.
Period 31 Dec 2010 (opening) - 31 Jan 2011 (closing)
All figures in US$
|
US$ |
Opening |
Closing |
|
Net Asset Value * |
28,246,583 |
28,332,509 |
|
NAV* per Ordinary Share |
0.8953 |
0.8980 |
The portfolio improved by 0.30% in the month of January. This increase in the NAV was from equity, sukuk, private equity revaluation and accruals on alternatives and real estate assets.
Asset Allocation:
- 15.2% in Cash and Cash Like Instruments
- 24.5% in Islamic Income
- 25.7% in Equities
- 3.5% in Alternatives
- 16.6% in Private Equity
- 14.5% in Real Estate
Notes:
* All figures are unaudited. Also, as stated in the Admission Document, all private equity investments are subject to 6 monthly revaluations and therefore the net asset value as stated herein may differ from the actual position as at the dates reported.
For further information, please contact:
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The Family Office |
Tel: +973 (17) 221177 |
|
Manoj Ranawat |
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|
Religare Capital Markets (Nomad and Broker) |
Tel: +44 (0) 207 444 0800 |
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James Pinner / Derek Crowhurst |
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This announcement should be read in conjunction with the Admission Document. Terms defined in the Admission Document have the same meaning when used in this announcement.
Notes to Editors
The Family Shari'ah Fund Limited is the first multi-asset class fund to gain admission to AIM and provides investors with exposure to a variety of Shari'ah Compliant investments predominantly outside of the GCC region.
The Company's investing policy, as defined by the AIM Rules, is available on the Company's website at www.familyshariahfund.com/investing_policy.html.
This information is provided by RNS