The Fund seeks to provide investors with capital appreciation over the medium to long term period.
3 March 2014
2 July 2018
*The price of Units for MYR-Hedged Class shall be based on the NAV per Unit.
**The price of Units offered for purchase during the Initial Offer Period.
Suitable for investors who:-
have a medium to long term investment horizon; and
are able to tolerate high risk.
The Fund will focus on achieving its objective by investing in a portfolio consisting a minimum of 70% of its NAV in equities, while the remaining balance may be invested into liquid assets including money market instruments and deposits.
The Fund’s investment focus will be on Japanese companies that are undervalued, and are able to display growth potential. The Fund will utilise fundamental research to identify stocks that are undervalued due to mispricing, or going through changes in their business strategy. In the long term, we believe these undervalued companies hold the potential to rise to the price levels that reflect their fundamentals. Key factors which are useful to the identification of such companies would include sales and profit growth, financial strength and gearing levels, expected future earnings growth, share price valuation as well as management quality.
The reference of “Japanese companies” in the above paragraph means companies which are domiciled in Japan or companies which derive its earnings from Japan.
While we typically take an active trading policy, we look to maintain some core holdings that are held over the medium to long term which is similar to a buy and hold strategy. We will also maintain a trading portion for the portfolio, which we use to take advantage of beneficiaries during prevailing market conditions with the aim of boosting the Fund’s performance.
To achieve its objective, the Fund will also have the flexibility to invest in collective investment schemes that have similar investment objectives to the Fund, as well as equity-linked instruments such as warrants. We expect to have a small portion of collective investment schemes and warrants investments relative to the size of the Fund.
Usage of Derivative
The Fund may employ derivative investments for hedging purposes by participating in instruments such as forward contracts and cross currency swaps.
Forward exchange contracts enable the Fund to trade currency at a specific exchange rate, specific time and specific amount as indicated in the contract. Cross currency swaps allows the Fund to convert foreign exchange rates and/or interest rate exposures between two currencies.
These derivatives may be used to hedge the principal and/or the returns of the foreign currency denominated investments back to MYR. The employment of derivatives under these circumstances, is expected to reduce the impact of foreign currency movements on the Fund’s NAV. While the hedging strategy will assist with mitigating the potential foreign exchange losses by the Fund, any potential gains from the hedging strategy will be capped as well.
A minimum of 70% of the Fund’s NAV will be invested in equities; and
The remaining balance of the Fund’s NAV will be placed in liquid assets including money market instruments and deposits.
TOPIX (Tokyo Stock Price Index) Total Return Index
The risk profile of the Fund is different from the risk profile of the performance benchmark.
The Fund is not expected to make distribution. However, incidental distribution may be declared whenever is appropriate.
Minimum Initial Investment
Minimum Additional Investment
FEES & CHARGES
Sales Charge per Unit
Up to 5.50% of the NAV per Unit
Annual Management Fee
Up to 1.80% per annum of the NAV of the Fund
Trustee Fee / Custodian fee
Up to 0.06% per annum of the NAV of the Fun (excluding foreign custodian fees and charges)
There will be no transfer fee imposed on the transfer facility
There will be no switching fee imposed on the switching facility.
There will be no Repurchase Charge imposed on the repurchase of Units.