Change of Fund Manager

 

Prudential Assurance Malaysia Berhad (PAMB) currently has four (4) specific funds managed by Eastspring Investments Berhad (“EIB”) investing into the different assets as below:

Fund NameAssets

PRULink Dana Unggul

Shariah-approved shares

PRULink Dana Urus

A combination of Shariah-approved shares and Islamic debt securities

PRULink Dana Urus II

A combination of Shariah-approved shares and Islamic debt securities

PRULink Dana Aman

Islamic debt securities

The above-tabulated funds are collectively known as “the Funds”.

Effective from 1 October 2019, Eastspring Al-Wara’ Investments Berhad (“Eastspring Al-Wara’”), a wholly-owned subsidiary of Prudential Corporation Holdings Ltd (UK) which is part of the Prudential Group of Companies will be managing the Funds. Eastspring Al-Wara’ is also part of the Malaysian International Islamic Financial Centre community, which focuses on supporting the development of the Malaysian Islamic capital market and positioning Malaysia as one of the leading global hub for Islamic finance.

The purpose of the change of fund manager is to streamline the management and investment processes of the Funds. In view that Eastspring Al-Wara is the Islamic investment arm of Prudential Group, this change will enhance the efficiency of the overall management of the Funds, given that the Funds invest into either Shariah-approved shares, Islamic debt securities or a combination of both as stipulated in the table above.

There will be no changes to the investment objective or strategy of the Funds. This change will be applicable to our customers’ existing policies and includes any new policies that our customers may purchase which are investing in the Funds. No additional charges are involved with the change of fund manager.

For more information on the Funds, customers may refer to the Master and Monthly Fund Fact Sheet of the affected funds available at www.prudential.com.my.

Thank you.

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