The Fund seeks to achieve capital appreciation over medium to long‐term period through investments in European equities.
Equity feeder (wholesale)
9 November 2015
The Fund is suitable for investors who:
have long‐term investment horizon;
seek capital appreciation through investments in European equities; and
have high risk tolerance
The Fund will be investing in a minimum of 80% of the Fund’s NAV into the Target Fund and a maximum of 20% of the Fund’s NAV into money market instruments, fixed deposits and/or liquid assets.The Manager may take temporary defensive positions that may be inconsistent with the Fund’s principal strategy by reducing its investment into the Target Fund and raise liquidity level of the Fund during adverse market conditions to protect the Unit Holders’ interest.
The Manager holds the discretion to substitute the Target Fund with another fund that has a similar objective with the Fund, if, in the Manager’s opinion, the Target Fund no longer meets the Fund’s investment objective. However, this is subject to the Unit Holder’s approval before any such changes are made. The Manager may use derivatives, such as foreign exchange forward contracts and cross currency swaps for hedging purposes. Cross currency swaps and/or foreign exchange forward contracts may be used to hedge the principal and/or the returns of the foreign currency exposure of any of the classes against the Base Currency of the Fund. The employment of derivatives under these circumstances is expected to reduce the impact of foreign currency movements on the Fund’s NAV irrespective of the currency classes. 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. The Fund may also employ derivatives for investment purposes to enhance the returns of the Fund by taking a view on the underlying asset or currency and establish a long position to gain a specific underlying exposure. The types of derivatives envisaged for investment purposes include forwards and swaps which are over‐the‐counter or traded on centralized exchange.
A minimum of 80% of the Fund’s NAV to be invested in the Target Fund; and
A maximum of 20% of the Fund’s NAV to be invested in money market instruments, fixed deposits and/or liquid assets.
Minimum Initial Investment
Minimum Additional Investment
Minimum Units Held
If the balance of your investment (i.e. total number of Units) is less than the minimum holding of Units, you will be required to make an additional investment in order to meet the required minimum balance of investment. Otherwise, we may withdraw all your holdings of Units in the Fund and pay the proceeds to you.
FEES & CHARGES
Sales Charge per Unit
Up to 5.50% of the initial offer price of a Class during the initial offer period,
thereafter, on the NAV per Unit of a Class.
Annual Management Fee
The annual management fee is up to 1.80% per annum of the NAV of the Fund. The management fee is calculated and accrued daily and payable monthly to us.
Trustee Fee / Custodian fee
The Fund pays an annual trustee fee of up to 0.06% per annum of the NAV of the Fund or its equivalent in the Base Currency (excluding foreign custodian fees and charges). The Trustee may be reimbursed by the Fund for any expenses properly incurred by it in the performance of its duties and
A RM5.00 transfer fee will be levied for each transfer of Units.
There are two (2) types of switching facilities available for the Fund, which
1) Switching between Classes of the Fund, andYou are entitled to two (2) free switching transactions per calendar year per account when switching between the Classes of the Fund, provided that you meet the minimum holding of Units requirements of the Class that you intend to switch into. A switching fee of up to 1% of the NAV per Unit of the Class switched out from will be charged for any further switching transactions.
2) Switching from this Fund into other funds managed by the Manager.You are allowed to switch from the Fund into other funds managed by us provided that the currency denominated of the fund that you intend to switch into is the same as the Fund. A switching fee of up to 1% of the NAV per Unit of the Class switched out from the Fund will be charged within the first six (6) months from the date of your investment.