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Feeder Category

Affin Hwang World Series – Global Income Fund


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Objective

The Fund aims to provide investors with regular income through investments in global fixed income instruments.

FUND INFORMATION
Fund Category Bond feeder (Wholesale)
Base Currency  USD
Fund Type Income
Launch Date 23 May 2016
Investors’ Profile The Fund is suitable for you, if you:

  • seek income through investment in a portfolio of global fixed income instruments;
  • have a medium to long-term investment horizon; and
  • have a moderate risk tolerance.
Investment Strategy The Fund will be investing 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 deposit with Financial Institution 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, we 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 our 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 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.

Distribution Policy Subject to the availability of income, the Fund endeavours to distribute income on a quarterly basis, after the end of its first financial year.
Asset Allocation The Fund’s asset allocation range is as follows:-

  1. A minimum of 80% of the Fund’s NAV to be invested in the Target Fund; and
  2. 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
USD Class MYR Class MYR Hedged-Class SGD-Hedged Class AUD Hedged-Class GBP-Hedged Class
USD 5,000 MYR 10,000 MYR 10,000 SGD 5,000 AUD 5,000 GBP 5,000
Minimum Additional Investment
USD Class MYR Class MYR Hedged-Class SGD-Hedged Class AUD Hedged-Class GBP-Hedged
USD 1,000 MYR 5,000 MYR 5,000 SGD 1,000 AUD 1,000 GBP 1,000
Minimum holdings of units
USD Class MYR Class MYR Hedged-Class SGD-Hedged Class AUD Hedged-Class GBP-Hedged
10,000 Units 20,000 Units 20,000 Units 10,000 Units 10,000 Units 1,000 Units
FEES & CHARGES
Sales Charge per Unit Up to 3.00% 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 1.45% of the NAV of the Fund per annum.
Trustee Fee Up to 0.06% per annum of the NAV of the Fund (excluding foreign custodian fees and charges), and is calculated using the Fund’s Base Currency (before deducting the management fee and trustee fee).
Transfer Fee A RM5.00 transfer fee will be levied for each transfer of Units.
Switching Fee 1) Switching between Class(es) of the Fund

You are entitled to two (2) free switching transactions per calendar year per account. 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 us

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 earliest date of your investment in the Fund. After the expiry of the first six (6) months, if the sales charge of the fund (or its class) that you intend to switch into is higher than the Sales Charge paid for the Fund, you will need to pay the difference between the intended fund (or its class) and the Fund. Conversely, no sales charge will be imposed on the intended fund (or its class) if it is less than or equal to the Sales Charge paid for the Fund. It is important to note that you are not entitled to any refund of the Sales Charge paid on the Fund, which exceeds that imposed on the intended fund (or its class).

There is a minimum number of Units that are required to be held within the Fund after a switching transaction is carried out. The minimum holding of Units vary between Classes.

Performance Fee and Hurdle Value N/A
Repurchase Charge N/A
DOWNLOADS

Prospectus/ Info Memo

Product Highlights Sheet

Brochure

Fact Sheet

Annual Report

Quarterly Report

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Affin Hwang Absolute Return Fund II

Affin Hwang World Series - European Unconstrained Fund

Customer Care
1800 88 7080 (Malaysia)
customercare@affinhwangam.com
+6012-606 8685 (WhatsApp)

LTAT Enquiries
1300 80 1188
khidmatpelanggan@affinhwangam.com

General Line:
+603-2116 6000
(International)

Associated Companies:

Affin Hwang Investment Bank Berhad
Nikko Asset Management Co. Ltd.
AIIMAN Asset Management Sdn. Bhd.

Affin Hwang Copyright © 2018 Affin Hwang Capital | Compliance | Disclaimer | Privacy Notice | Internet Risk | Sidrec

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The unit trust funds and wholesale funds published in this website is offered by Affin Hwang Asset Management Bhd to individuals and institutions in Malaysia and only be made available and offered in Malaysia.

These funds have been approved by, and the prospectuses / information memorandums have been registered and/or lodged with, the Securities Commission Malaysia, who takes no responsibility for its contents. The prospectuses / information memorandums should not be deemed as an offer to sell or a solicitation of an offer to buy units in the funds to any person in any jurisdiction, in which such an offer, solicitation, purchase or sale would be unlawful under the securities laws or relevant laws of such jurisdiction. Any issue of units to which the prospectus / information relates will only be made on receipt of an application referred to and accompanying a copy of the prospectus.

Investors are advised to read and understand the contents of the prospectus / information memorandum and supplemental thereto (if any) before investing. Among others, investors should consider the fees and charges involved. The price of units and distribution payable (if any) may go down as well as up. If in doubt, please consult a professional adviser.

Do note that the Prospectus and its Supplemental Prospectus (if any) and Information Memorandum are also available in hard copy form at all our branches and distribution points. However, should you have any further enquiries, please do not hesitate to contact us through our Toll Free Line at 1800-88-7080 or General Line at 03-2116 6000. You may also write to customercare@affinhwangam.com with your request or enquiries.

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