Affin Hwang World Series – European Unconstrained Fund
Objective
The Fund seeks to achieve capital appreciation over medium to long‐term period through investments in European equities.
| Fund Category | Equity feeder (wholesale) | ||||||||||
| Launch Date | 9 November 2015 | ||||||||||
| Investors’ Profile | The Fund is suitable for investors who:
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| Investment Strategy | 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. |
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| Asset Allocation |
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| Minimum Initial Investment |
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| Minimum Additional Investment |
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| Minimum Units Held |
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| 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 | 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 Fund or its equivalent in the Base Currency (excluding foreign custodian fees and charges). |
| Transfer Fee | RM5.00 per transfer |
| Switching Fee | There are two (2) types of switching facilities available for the Fund, which are:‐ 1) Switching between Classes of the Fund, and You 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. |
| Performance Fee and Hurdle Value | Nil |
| Repurchase Charge | Nil |