Overview
Objective
The Fund seeks to provide yearly distribution (if any) over a 2 years investment period while providing 100% capital protection at maturity.
Initial Offer Period: 3rd Sept to 2 October 2007 at RM1.00 per unit. No units will be offered for sale after the Offer Period.
Maturity Period: 2 years after Commencement Date.
Commencement Date: 7th Business Day immediately following the end of the Offer Period.
Financial Year End: 31st October.
Distribution Policy: Income (if any) is paid once a year.
This Fund has matured on 17th October 2009.
Investor Profile
Suitable for investors who:
- are risk averse and want to preserve their capital;
- want potentially better returns than bank deposit rates over the 2 years investment period;
- want to benefit from yearly coupon payments;
- want to benefit from upward and downward market movements as well as from volatility in the underlying currency pair.
Strategy
The Fund will invest in 2 years zero-coupon negotiable instruments of deposits (ZNIDs) which seeks to protect investors' capital, and an option that derives its appreciation from upward as well as from downward movements in the EUR/USD exchange rate. Thus, the Fund stands to benefit from the rise as well as from the fall in the underlying currency pair.
The Fund will have yearly distributions based on the option payouts. The annual distributions would consist of two components:
- Return arising from the upward and downward movements in the EUR/USD exchange rate. the paymout will be calculated based on the difference between average of the six best and average of the six worst monthly movements in the underlying exchange rate.
- There is an additional payout arising from difference between average of the six best and average of the six worst monthly movements in the EUr/USD exchange rate being at or above a trigger level.
- Minimum 90% in ZNIDs;
- Up to 5% in options;
- Up to 5% in cash and/or fixed income instruments.
Fees & Transactions
| Fees & Charges | |
|---|---|
| Sales Charge | 0.00% |
| Redemption Fee | 1% (Redemption before end of 12th month; Between 12th to 24th month - 0.5%; At Maturity - NIL.) |
| Switching Fee | 6% (However, the fee may be waived or reduced on the discretion of the Manager.) |
| Free Switches Yearly | N/A |
| Annual Management Fee | 0% |
| Management Expense Ratio (MER) | % |
| Transactions (Minimum) | |
|---|---|
| Investment | Initial: RM5,000 Additional: RM5,000 |
| Regular Investment | Initial: N/A Additional: N/A |
| Account Balance | 5,000 units |
| Switching | 5,000 units |
Investment Return
| Investment Return as at 2009-10-15 | |
|---|---|
| 3 Month Return | 6.71% |
| 6 Month Return | 6.36% |
| 1 Year Return | 10.49% |
| 3 Year Return | |
| 5 Year Return | |
| Investment performance information as on bid to bid basis. Nett distributions reinvested. For reference only. | |
Downloads
| Fund Documents | |
|---|---|
| Prospectus | Refer to company website or branch office. |
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