To seek a stable return and generate capital growth over the medium to long term period in diversified portfolio of equities with stocks in gaming, liquor and tobacco to be avoided.
Equtiy EPF – MIS
22 July 2009
This Fund is suitable for you if you:-
seek potentially higher returns relative to benchmark and are tolerant to market volatility;
have a medium to long-term investment horizon;
have strong convictions against investing in stocks involved in gaming, liquor or tobacco.
The Fund aims to provide investors with stable returns by enabling investors to participate in the growth prospect of the Malaysian equity market which is to generate long term capital growth and consistent income in a diversified portfolio of equities with stocks in gaming, liquor and tobacco to be avoided.
To achieve the investment objective, the Manager’s investment approach is to invest primarily in equities with a focus on those that exhibit above-average earnings growth, has a leading competitive position and show potential for delivering superior returns against its industry peers.
The Fund is structured as an open-ended fund with equities and equity linked instruments investments as its focus. A minimum allocation of 70% of the Fund’s NAV invested into companies listed on Bursa Malaysia. The balance of the Fund’s NAV may be invested in fixed Income instruments which include money market instruments and fixed deposits while waiting for opportunities in the equity market. Investments made into fixed income instruments will be primarily made during adverse market conditions to reduce the risk of the Fund.
The selection of these fixed income instruments will be dependent on an internal credit selection process. The process will focus on issuers’ ability to meet their financial obligations, and offer highest safety for timely payment of interest and principal.
The Manager may invest in collective investment schemes that hold similar investment objectives to the Fund’s investment objective.
To meet its objective, the Fund will also look at investing into equity linked instruments such as rights and warrants, as well as unlisted securities such as unlisted bonds, and Initial Public Offerings (IPOs). The Fund may invest up to 20% of its NAV in countries where the regulatory authorities are the ordinary or associate members of the International Organisation of Securities Commission (IOSCO).
Temporary Defensive Measures
The Manager may take temporary defensive positions that may be inconsistent with the Fund’s principal strategy by raising cash levels or increasing the Fund’s asset allocation weighting in fixed income instruments, in attempting to respond to adverse conditions that may impact the financial markets.
% of the Fund’s NAV
Equities and equity linked instruments
70% to 99.8%
Fixed income instruments
Maximum of 30%
Minimum Initial Investment
Minimum Additional Investment
FEES & CHARGES
Sales Charge per Unit
Up to 5.50% of the NAV per Unit. Investors may negotiate for a lower charge.
The Sales Charge for investors purchasing Units through the EMIS shall be limited to a maximum charge of 3% of the NAV per Unit or as determined by the EPF.
Annual Management Fee
Up to 1.50% per annum of NAV.of the Fund
Trustee Fee / Custodian fee
Up to 0.08% per annum of NAV of the Fund, subject to a minimum of RM18,000 per annum