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
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, fixed income instruments as well as structured products 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.
We will combine a top-down and bottom-up investment approach to identify investment opportunities. When selecting its fixed income instruments such as debentures, money market instruments or deposits, macroeconomic trends and market analysis are the important considerations in deriving the top-down perspective on interest rate outlook, fixed income market and currency movement. For its bottom-up approach, we would conduct analysis on the issuers to assess its ability to service its debt obligations. The selection process would also include analysis on the respective issuer’s ability to meet their financial obligations, cash-flow management, collateral type, value, claims priority, as well as ability to offer timely payment of interest and principal.
When investing into equities, we will focus on companies that are able to provide growth potential over the medium to long-term investment horizon. As such, we would adopt a top-down and bottom-up strategy investment approach to identify investment opportunities in the prevailing market. Fundamental analysis will also be carried out to determine the attractiveness of investment ideas. Key factors which are useful in identification of such companies would include sales and profits growth, financial strength and gearing levels, expected future earnings growth, share price valuation as well as management quality. 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 exposure 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.
The Fund’s asset allocation range are as follows:-
% NAV of the Fund
0% to 98%
Fixed income instruments
2% to 100%
0% to 30%
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 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 (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.