Your client purchased 120,000 units of an Islamic Equity Unit Trust Fund, MAAKL Dana Al- Faid at a Net Asset Value (NAV) of RM0.3456 per unit when the FBM EMAS Shariah Index

recorded 8,006.60 points. Its sales charge then was 5% per unit. When the FBM Emas Shariah Index moved to 10,246.80 points, he sold all the units at NAV of RM0.4321 per unit. He received distribution income of RM3,750.00 for the units held over the holding period. i) What were your clients and the market rates of return? (10 marks) ii) Does your clients investment perform better than the market? (1 mark) b) Given the following fees and expected returns for the Equity Growth Fund, assuming an initial investment of RM5,000, calculate the value of the investment at the end of 5 years. Expected Sale Management Redemption Years Return Charge Fee Fee held 8.0% 5% 0.30% 0% 5