Overview
Objective
The Fund seeks long term returns from capital growth and income by investing at least 70% of its non-cash assets in a portfolio of investments in equity and equity equivalent securities of companies in emerging markets. The remaining assets will be invested in a diversified portfolio of fixed income securities.
Initial Offer Period: 21 days from the launch date, from 23rd Oct 2007 - 12th Nov 2007 at RM0.50 per unit.
Financial Year End: 30th Sept.
Distribution Policy: There will be no distribution of income or capital for this Fund and any distribution (if any) will be at the sole discretion of the Manager.
Investor Profile
Suitable for investors who:
- would like to participate in the growth story of emerging markets;
- want diversification into a global portfolio;
- are able to tolerate short term volatility and risks associated with emerging market portfolios;
- want indirect exposure to a mixture of global bonds as a hedge to the GEM equity portfolio.
Strategy
The Fund will invest in a Target Fund that invests in diversified portfolio of global emerging markets securities and complimented by an allocation in global fixed income securities that act as a counterbalance to the equities in the emerging market portfolio. The global bond or global fixed income related instruments portion of the Target Fund will be hedged back to MYR but the global emerging market equity portion of the Target Fund will remain un-hedged in the denominated currency.
Asset Allocation:
- A minimum of 95% of its NAV in a predetermined Target Fund;
- Up to a maximum of 5% of its NAV in the form of liquid assets for the primary purpose of meeting redemptions.
Fees & Transactions
| Fees & Charges | |
|---|---|
| Sales Charge | 6.50% |
| Redemption Fee | 1% (if redeemed within the first six (6) months.) |
| Switching Fee | Unlimited free switching between funds. |
| Free Switches Yearly | N/A |
| Annual Management Fee | 1.8% |
| Management Expense Ratio (MER) | 1.91% |
| Transactions (Minimum) | |
|---|---|
| Investment | Initial: RM1,000 Additional: RM100 |
| Regular Investment | Initial: RM500 Additional: RM50 |
| Account Balance | 500 units |
| Switching | RM1,000 |
Investment Return
| Investment Return as at 2010-09-08 | |
|---|---|
| 3 Month Return | 3.04% |
| 6 Month Return | -2.67% |
| 1 Year Return | 0.95% |
| 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. |
Related Funds
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