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Feeder Category

Affin Hwang World Series – Emerging Markets Short Duration Fund


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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 INFORMATION
Fund Category Feeder (Open-Ended Wholesale)
Launch Date 18 March 2019
Base Currency USD
Investors’ Profile The Fund is suitable for you, if you:

  • Sophisticated Investors who seek regular income through investments in hard currency
    emerging markets securities with short duration;
  • have a long term investment horizon; and
  • have a moderate risk tolerance.
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
We may employ derivatives, such as foreign exchange forward contracts and cross currency swaps, mainly for hedging purposes. The Fund may also employ derivatives for investment purposes to enhance the returns of the Fund by taking a view on the underlying asset or currency and establish a long position to gain a specific underlying exposure. The types of derivatives envisaged for investment purposes include forwards and swaps which are OTC or traded on centralized exchanges

Asset Allocation
  • A minimum of 80% of the Fund’s NAV to be invested in the Target Fund; and
  • A maximum of 20% of the Fund’s NAV to be invested in money market instruments, deposits and/or cash.
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.

USD Class Monthly basis
MYR Class
MYR Hedged-class Quarterly basis
SGD Hedged-class
AUD Hedged-class
GBP Hedged-class
EUR Hedged-class
RMB Hedged-class
Minimum Initial Investment*
USD Class MYR Class MYR Hedged-Class SGD Hedged-Class AUD Hedged-Class EUR Hedged-Class GBP Hedged-Class RMB Hedged-Class
USD 5,000 MYR 5,000 MYR 5,000 SGD 5,000 AUD 5,000 EUR 5,000 GBP 5,000 RMB 5,000
Minimum Additional Investment*
USD Class MYR Class MYR Hedged-Class SGD Hedged-Class AUD Hedged-Class EUR Hedged-Class GBP Hedged-Class RMB Hedged-Class
USD 1,000 MYR 1,000 MYR 1,000 SGD 1,000 AUD 1,000 EUR 1,000 GBP 1,000 RMB 1,000
Minimum Units Held*
USD Class MYR Class MYR Hedged-Class SGD Hedged-Class AUD Hedged-Class EUR Hedged-Class GBP Hedged-Class RMB Hedged-Class
USD 1,000 MYR 1,000 MYR 1,000 SGD 1,000 AUD 1,000 EUR 1,000 GBP 1,000 RMB 1,000

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.

Minimum Units per Switch*
USD Class MYR Class MYR Hedged-Class SGD Hedged-Class AUD Hedged-Class EUR Hedged-Class GBP Hedged-Class RMB Hedged-Class
10,000 units 10,000 units 10,000 units 10,000 units 10,000 units 10,000 units 10,000 units 10,000 units

* Subject to change at our discretion.

FEES & CHARGES
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.
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Prospectus/ Info Memo

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Brochure

Quarterly Reports

Customer Care
1800 88 7080 (Malaysia)
customercare@affinhwangam.com
+6012-606 8685 (WhatsApp)

LTAT Enquiries
1300 80 1188
khidmatpelanggan@affinhwangam.com

General Line:
+603-2116 6000
(International)

Associated Companies:

Affin Hwang Investment Bank Berhad
Nikko Asset Management Co. Ltd.
AIIMAN Asset Management Sdn. Bhd.

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