Net Asset Value(s)

RNS Number : 4745I

The Family Shariah Fund Ltd

15 June 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 31 May 2011 - including income was US $0.9277*.

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

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

All figures in US$

US$	Opening	Closing
Net Asset Value *	28,983,024	29,270,023
NAV* per Ordinary Share	0.9186	0.9277

The portfolio was up 0.99% for the month of May despite a correction in the market. This strong performance came mainly from the private equity allocation of the portfolio as we have seen improvements in the underlying companies. Diversification between asset classes is a major driver of portfolio performance as this month's performance demonstrated.

Asset Allocation:

-     17.4% in Cash and Cash Like Instruments

-     16.9% in Islamic Income

-     31.4% in Equities

-     3.4% in Alternatives

-     16.9% in Private Equity

-     14.0% 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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