KUALA LUMPUR, Oct 14 (Bernama) -- AmanahRaya Investment Management Sdn Bhd (ARIM) has temporarily suspended dealings in three unit trust funds under its management, namely, AmanahRaya Syariah Trust Fund (ARSTF), AmanahRaya Syariah Income Fund (ARSIF) and AmanahRaya Unit Trust Fund (ARUTF), effective yesterday.
Business : AmanahRaya Investment Management Temporarily Suspends Three Funds
AmanahRaya Investment Management Sdn Bhd, suspens
BE Bernama 
Key points
- In a statement, it said the suspension covers subscriptions, redemptions and switching into or out of the three funds, in accordance with applicable regulatory requirements to manage liquidity constraints amid increased redemption requests and heightened credit risk relating to certain investments.
- It also said that this will provide time to assess liquidity, review investment valuations and determine appropriate action, while reducing the need to sell assets at substantial discounts that could adversely affect the value of unitholders’ interests.
- Investment valuations will be assessed in accordance with applicable policies, fund documents and regulatory requirements," it said.
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