Pacific Mutual rolls out Islamic dividend fund

Pacific Mutual Fund has continued the trend of Malaysian asset managers to invest offshore, launching its Pacific Dana Dividen Fund in Kuala Lumpur. The new "aggressive" Islamic fund can invest up to 50% of its net asset value in foreign investment markets, which will be invested into sharia compliant equities. Amongst the sharia-compliant equities invested by the fund will be those with high and sustainable dividend yields and above-average income and capital gains. Additionally, the…