The Fund aims to provide investors with capital appreciation and regular income* over the medium to long-term period.
*Income distribution will either be made in the form of Units or in cash.
Mixed Asset / Income & Growth EPF – MIS
8 September 2014
This fund is suitable for you if you have:
• a bias towards capital growth on investments with income as a secondary focus;
• a medium to long-term investment horizon; and
• high risk tolerance
The Fund will focus on achieving its objective by having a flexible investment strategy that allows the Fund to invest in equities and fixed income instruments listed or issued in the ASEAN region. The Fund may invest in one or multiple asset classes at any one point in time. Through its tactical asset allocation strategy, the asset allocation will be dependent on prevailing market conditions. As such, the Fund would have a higher exposure into equities under normal market conditions, and have a higher exposure to defensive investments such as fixed income instruments during more adverse conditions.
The Fund’s exposure into equities may include equity linked instruments such as warrants.
To achieve its objective, the Fund will also have the flexibility to hold collective investment schemes that have similar investment objectives to the Fund.
While we typically take an active trading policy, we look to maintain some core holdings that are held over the medium to long term which is similar to a buy and hold strategy. We will also maintain a trading portion for the portfolio, which we use to take advantage by participating in investment opportunities that are set to benefit from prevailing market conditions, with the aim of boosting the Fund’s performance.
To meet its objective, the Fund will maintain a minimum 70% of the Fund’s NAV in investments listed or issued within the ASEAN markets. The Fund will have a flexibility to invest up to 30% of its NAV in investments listed or issued in foreign markets outside the ASEAN region. The decision to invest into foreign markets will be opportunistically driven where we would seek investments that could provide a potential to enhance the returns of the Fund. The Fund will invest only into countries where the regulatory authorities are ordinary or associate members of the International Organization of Securities Commissions (IOSCO).
Derivative trades may be carried out for currency hedging purposes, through financial instruments including, but not limited to, forward contracts, futures contracts and swaps.
The intention of hedging is to protect the value of the asset from any adverse price movements.
Temporary Defensive Position
We hold the option to take temporary defensive measures that may be inconsistent with the Fund’s principal strategy and asset allocation to protect the Fund against adverse market conditions. To manage the risk of the Fund, we may shift the Fund’s focus into lower risk investments such as deposits and/or money market instruments.
The Fund’s asset allocation range are as follows:-
% NAV of the Fund
0% to 100%
Fixed income instruments
0% to 100%
Minimum Initial Investment
Minimum Additional Investment
FEES & CHARGES
Sales Charge per Unit
Up to 5.50% of the initial offer price of a Class during the initial offer period and thereafter on NAV per Unit of a Class. Investors may negotiate for a lower charge at our discretion.
The Sales Charge for investors purchasing Units through the EMIS shall
Annual Management Fee
Up to 1.80% of the NAV of the Fund per annum (before deducting the management fee and trustee fee).
Trustee Fee / Custodian fee
Up to 0.06% per annum of the NAV of the Fund (excluding foreign custodian fees and charges) and is calculated using the Base Currency.
There will be no Repurchase Charge levied on the repurchase of Units.