The Fund seeks to achieve medium to long-term capital appreciation by primarily investing in securities of developed and emerging markets globally.
18 December 2007
Suitable for Investors who have a medium to long-term investment horizon, are risk tolerant and seek higher capital returns for their investments.
The Fund will invest primarily in equity securities of developed and emerging markets. It may also invest in fixed income securities of developed and emerging markets. There is no target industry/ sector. The Fund may invest in collective investment scheme for the purposes of cash management and gaining access into a particular market, industry or sector where such is the optimum mode of access. The Fund may also enter into derivative transactions for hedging purposes. The Manager may take temporary defensive positions that may be inconsistent with the Fund’s principal strategy in attempting to respond to adverse market conditions, economics, political or any other conditions. In this regard, the Fund may hold cash or money market instruments as the Funds’ only asset.
Up to 100% of the of the Fund’s NAV will be invested in Equities, Fixed Income Securities/ Debentures and Collective Investment Schemes. The Manager will maintain sufficient level of cash or cash equivalent for liquidity purposes.
Minimum Initial Investment
RM100,000.00 (subject to change at Manager’s discretion)
Minimum Additional Investment
RM50,000.00 (subject to change at Manager’s discretion)
FEES & CHARGES
Sales Charge per Unit
Maximum of 2.0% of NAV per unit* (*Investors may negotiate for a lower sales charge).
Annual Management Fee
1.00 % per annum of the NAV of the Fund.
Trustee Fee / Custodian fee
The Custodian will be entitled to an annual fee (inclusive of local custodian fee but excluding foreign sub-custodian fee) of 0.025% per annum of the NAV of the Fund and 0.04% per annum for the fund accounting fee of assets under management, which will be subjected to a minimum fee of RM1,000 per month.
RM 5.00 per transfer
The fee charged, if any, shall be equivalent to the redemption fee.* *only applicable within (6) months from the date of investment by the Unit Holder.
Performance Fee and Hurdle Value
A Performance Fee with a Hurdle Value of HWM plus 8.0% applies to the Fund. The Hurdle Value for the first Performance Period of the Fund is immediately set at the RM0.50 x 1.08 = RM0.54, RM0.50 (NAV per Unit during Initial Offer Period) being the HWM for the first Performance Period. The Hurdle Value for each subsequent Performance Period is reset at the HWM for the previous Performance Period plus 8.0%. For each Performance Period, the Performance Fee in respect of each Unit will be equal to 20% of the increase in the NAV per Unit over and above the Hurdle Value. Since the Fund is valued each day, the calculation to determine if the Hurdle Value has been exceeded will also be made daily and the Manager is entitled to the Performance Fee for each day that the Hurdle Value is breached. The accrued Performance Fee is realised only at the end of the Performance period.
A redemption fee of 1% of the NAV per Unit redeemed within the first six (6) months from the date of investment by the Unit Holders.