Net Asset Value(s)

RNS Number : 3834K

The Family Shariah Fund Ltd

14 July 2011

 



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 30 June 2011 - including income was US $0.9301*.

The Net Asset Value position* as at 31 May 2011 and 30 June 2011 and the portfolio allocation as at 30 June 2011 is summarised below.

Period 31 May 2011 (opening) - 30 June 2011 (closing)

All figures in US$

US$	Opening	Closing
Net Asset Value *	29,270,023	29,343,656
NAV* per Ordinary Share	0.9277	0.9301

The portfolio posted another good month in this volatile market environment and finished up almost 25bps for the month of June. The performance was driven by a re-evaluation of the private equity portfolio*. The Investment Manager took advantage of the weakness seen in the equity markets and added tactically to the equity portfolio.

Asset Allocation as at 30 June 2011:

-     11.4% in Cash and Cash Like Instruments

-     17.3% in Islamic Income

-     35.1% in Equities

-     3.6% in Alternatives

-     18.1% 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:

The Family Office	Tel: [phone]
Manoj Ranawat
Religare Capital Markets (Nomad and Broker)	Tel: [phone]
James Pinner / Derek Crowhurst  (Nomad) Daniel Briggs (Broker)

 

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.

 

END

 

 

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