Affin Hwang World Series – Emerging Markets Short Duration Fund
Objective
The Fund seeks to provide regular income over the medium to long term period by investing in a collective investment scheme, namely the Ashmore SICAV – Emerging Markets Short Duration Fund.
Fund Category | Feeder (Open-Ended Wholesale) | ||||||||||||||||
Launch Date | 18 March 2019 | ||||||||||||||||
Base Currency | USD | ||||||||||||||||
Investors’ Profile | The Fund is suitable for you, if you:
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Investment Strategy | The Fund will be investing a minimum of 80% of the Fund’s NAV into the Target Fund and a maximum of 20% of the Fund’s NAV into money market instruments, deposits with Financial Institutions and / or cash.
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 with Financial Institutions or money market instruments or collective investment schemes. We may substitute the Target Fund with another fund that has a similar objective with the Fund, if, in our opinion, the Target Fund no longer meets the Fund’s investment objective. However, this is subject to the Unit Holder’s approval before such change is made. Derivatives |
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Asset Allocation |
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Distribution Policy | Subject to the availability of income, the Fund endeavours to distribute income for the respective Classes in the following manner, after the end of its first financial year.
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Minimum Initial Investment* |
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Minimum Additional Investment* |
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Minimum Units Held* |
If the balance of your investment (i.e. total number of Units) is less than the minimum holding of Units, you will be required to make an additional investment in order to meet the required minimum balance of investment. Otherwise, we may withdraw all your holding of Units in the Fund and pay the proceeds to you. |
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Minimum Units per Switch* |
* Subject to change at our discretion. |
Sales Charge per Unit | Up to 3.00% 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 | Up to 1.50% per annum of the NAV of the Fund. |
Trustee Fee | Up to 0.06% per annum of the NAV of the Fund (excluding foreign custodian fees and charges). |
Management Fee (by Target Fund) | Up to 1.30% per annum of the net asset value of the Target Fund. Please note that management fee will only be charged once at the Fund level. The management fee charged by the Target Fund will be paid out of the annual management fee charged by us at the Fund level. There is no double charging of management fee. |