Kuala lumpur: Manulife Investment Management (Manulife IM) has introduced the Manulife Shariah Dynamic Leaders Fund, marking the firm’s first venture into shariah-compliant global equity funds in Malaysia.

According to BERNAMA News Agency, the fund is actively managed with a focus on investing in 40 to 60 shariah-compliant large-cap companies. These companies are selected based on their strong brand presence, growth potential, and consistent profitability. The strategy involves both top-down and bottom-up approaches, aiming to tackle market challenges while pursuing long-term capital growth with acceptable risk levels.

Manulife IM highlighted that the fund seeks companies known for brand recognition, growth potential, and consistent profit margins-qualities that can lead to sustained capital appreciation. The Manulife Shariah Dynamic Leaders Fund is designed to achieve significant capital growth by allocating at least 80% of its net assets in a concentrated mix of equity and equity-related securities of large-cap companies listed worldwide.

The fund’s investment portfolio includes common stocks and depositary receipts, among other securities, as part of its global investment strategy.