The Fund seeks to achieve capital appreciation over medium to long term period through investments in China equities.
Feeder Fund (Wholesale)
11 July 2011
This Fund is suitable for you, if you:
seek capital appreciation through investments in China equities;
have high risk tolerance;
have a long term investment horizon.
The Manager will invest a minimum of 95% to maximum of 99.8% of the Fund’s NAV in units of the Target Fund and a maximum 5% of the Fund’s NAV will be placed in deposits.
The Manager may take temporary defensive positions that may be inconsistent with the Fund’s investment strategy in attempting to respond to adverse market conditions, economic, political or any other conditions in order to preserve the NAV of the Fund. By taking a temporary defensive position, the Fund will reduce its investment into the Target Fund and hold more cash. These cash will be placed in deposits with licensed financial institutions. As the Fund has reduced its exposure to the falling markets during the market downturn, it helps to preserve its capital and minimise losses by placing in the deposits. Should this happen, please note that the performance of the Fund may vary from the performance of the Target Fund. For instance, the value of the Target Fund may decrease adversely due to its exposure to the falling markets whereas the value of the Fund may be preserved by placing in the deposits. At the same time, if the temporary defensive position is unwarranted, and the market does not fall, the Target Fund will perform much better than the Fund on account that the Fund is holding more cash.
The Manager is also able to substitute the Target Fund with another fund with similar objective of the Fund if, in the Manager’s opinion, the Target Fund no longer meets the Fund’s investment objective subject to the Unit Holders’ approval with prior notification to SC.
% of Fund’s NAV
Collective investment scheme, namely China Select Fund (the “Target Fund”), a Cayman Islands domiciled sub-fund of Citi Investment Trust (Cayman) II managed by Citigroup First Investment Management Limited
Minimum of 95% – maximum of 99.8%
Placement of deposits
Maximum of 5%
The Manager will also maintain a sufficient level of cash and cash equivalent for liquidity purposes.
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, thereafter, on the NAV per Unit of a Class.
Annual Management Fee
The management fee is up to 1.80% of the NAV of the Fund per annum, and is calculated using the Fund’s Base Currency (before deducting the management fee and trustee fee). The management fee is accrued daily and payable monthly.
Trustee Fee / Custodian fee
The trustee fee is up to 0.05% per annum of the NAV of the Fund (excluding foreign sub‐custodian fees and charges), and is calculated using the Fund’s Base Currency (before deducting the management fee and trustee fee). The trustee fee is accrued daily and payable monthly. In addition to the annual trustee fee, the Trustee may be reimbursed by the Fund for any expenses properly incurred by it in the performance of its duties and responsibilities.
MYR 5.00 transfer fee will be levied for each transfer of Units.