The Fund seeks to provide both income and capital appreciation over the medium to long term by investing in equity or equity-linked securities of companies involved in infrastructure-related businesses, as well as real estate investment trusts (REITs), in the Asia Pacific (ex Japan).
Mixed assets EPF – MIS (Suspended)
25 April 2007
The Fund may be suitable for investors who:-
are risk tolerant;
are seeking potential long-term income and capital growth over a medium to long-term investment horizon
The Fund will focus on achieving its objective by investing in a diversified portfolio consisting a minimum of 50% of its NAV in equities of infrastructure-related companies, a minimum of 20% of its NAV in real estate investment trust (REITs) listed or traded on a regulated market, and a maximum of 30% of its NAV in money market instruments and deposits.
We typically take an active trading policy where 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 achieve its objective, the Fund will also have the flexibility to hold exposure in warrants as well as collective investment schemes that have similar investment objectives to the Fund.
The Fund is focused on investment opportunities within the region, thus will be predominantly invested into markets within the Asia Pacific ex Japan region. However, the Fund also holds the flexibility to invest not more than 30% of its NAV into companies with a business focus within the region, but listed in markets outside the Asia Pacific ex Japan region. Notwithstanding, investments will only be made into countries that are the ordinary or associate member of the International Organisation of Securities Commissions (IOSCO).
Derivate trades may be carried out for hedging purposes through financial instruments including, but not limited to, forward contracts. Forward contracts are generally a customised contract between two parties who agree to trade an asset at an agreed price on a pre-determined future date. The intention for a hedging trade is to protect the value of the portfolio, as such, these contracts are entered into to transfer the risk associated to the underlying asset to its counterparty. The financial derivative transaction carried out will allow the Fund to mitifate foreign currency exchange risk by removing the uncertainty of foreign currency movement by determining an agreed rate for an agreed tenure with its counterparty. While these hedging transactions would protect the Fund against potential losses, trades for hedging purposes would also limit the returns that the Fund may have potentially received from foreign exchange gains would the Fund not have hedged its foreign currency exposure.
Temporary Defensive Measure
We hold the option to take temporary defensive positions that may be inconsistent with the Fund’s principal strategy and asset allocation to protect the Fund against adverse market conditions that may impact financial markets. To manage the risk of the Fund, we may shift the Fund’s focus and exposure into lower risk investments such as money market instruments and/or deposits.
% of the NAV of the Fund
Minimum of 50%
REITs listed or traded on a regulated market
Minimum of 20%
Money market instruments and/or deposits
Minimum Initial Investment
Minimum Additional Investment
FEES & CHARGES
Sales Charge per Unit
Up to 5.50% on the NAV per Unit of the Fund.
Note: The Sales Charge for the Fund shall be limited to the maximum charge of 3.00% of NAV per Unit or as determined by EPF for investors who purchases the Units through the EMIS.
Annual Management Fee
Up to 1.80% per annum of the NAV of the Fund.
Trustee Fee / Custodian fee
Up to 0.08% per annum of the NAV of the Fund, subject to a minimum of MYR 18,000 per annum (excluding foreign custodian fees and charges).