The Fund aims to achieve medium to long‐term capital appreciation.
Equity feeder (wholesale)
23 November 2015
The Fund is suitable for investors who:
Seek capital growth from their investments;
Have a medium to long‐term investment horizon;
Want exposure into global markets; and
Are able to withstand more volatile market movements.
The Fund will be investing a minimum of 70% of the Fund’s NAV into the Target Fund and a maximum of 30% 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 levels of the Fund during adverse market conditions to protect the Unit Holders’ interest. In raising the Fund’s liquidity levels, the Manager may also invest into collective investment schemes that are able to meet this objective.
The Manager may 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, mainly 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 Class(es) 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 exchanges.
A minimum of 70% of the Fund’s NAV to be invested in the Target Fund; and
A maximum of 30% 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 redeem all your holding 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.
Annual 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
The trustee fee is calculated and accrued daily and payable monthly to the
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 Class(es) of the Fund
You are entitled to two (2) free switching transactions per calendar year per
account when switching between the Class(es) 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
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 denomination 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.