Investment Objective

ING Baraka Capital Protected II is a capital protected fund with capital growth opportunities. The Capital Protected Value is derived from investments in Islamic Negotiable Instruments ( INIs ).

To generate potential high growth returns, the fund will be investing in an actively managed option portfolio denominated in US Dollar known as SGAM Baraka which consists of SGAM Al Baraka Index. The option is issued by Societe Generale N.V ( SGA ) while the manager of the index is Societe Generale Asset Management ( SGAM)

ING Baraka Capital Protected Series I which was closed for subscription on 22 June 2007 was oversubscribed at RM516m compared to initial approved fund size of RM200m. The response has been overwhelming due to the active management of the underlying assets in a structured product which is first in the market. We expect another exciting response to Series II.

Investment Policies and Strategies

The Fund seeks to achieve its objective by investing in 3-year in Ringgit denominated Islamic Negotiable Instruments (INIs) from financial institutions governed by relevant legislations in the market that is Shariah-compliant, to ensure that 100% of investors' capital is paid back at the end of the maturity period.

During the tenure of the Fund, to generate potential high growth returns, the Fund will be investing up to 10% in an actively managed option portfolio denominated in US Dollar known as SGAM Baraka which consists of SGAM Al Baraka Index. The issuer of the SGAM Baraka option is Societe Generale NV (SGA) and the manager of the index is Societe Generale Asset Management (SGAM). The SGAM Baraka option will be based on the Islamic contract known as Arbun.

The Fund will invest the remaining NAV in Islamic fixed income and Islamic money market instruments, to preserve capital gains and provide cash liquidity to meet any redemption.

Asset Allocation:

ZNIDsAt least 85%
SGAM Baraka OptionUp to 10%
CashUp to 5%

Some basic fees:

Fund Category / Type	-	Fixed Income/Capital Protected
Service Charge	-	1.50% of the NAV per unit
Redemption Charge	-	Made before the 18th month from the Commencement Date   2.50% of NAV On or after the 18th month from the Commencement Datebut before Maturity Date   1.50% of NAV On Maturity Date   Nil
Annual Management Fee	-	1.00% per annum of the NAV of the Fund.
Annual Trustee Fee	-	0.08% of the NAV of the Fund or a minimum of RM18,000 per annum.
Investors' Profile	-	This fund is suitable for investors who
		Are seeking to preserve the value of their capital.   Want to participate and benefit from the potential upside of global Islamic equities.   Wish to diversify their investment locally and abroad.   Have low to moderate risk tolerance.
Switching Policy and Switching fee	-	Switching into the Fund is allowed during the offer period.