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Objective
The Fund seeks to achieve medium-to-long term capital appreciation by investing in a single collective investment scheme that invest primarily in equities of developed and emerging markets globally. |
| Fund Information |
| Fund Category |
Feeder Fund |
| Fund Type |
Growth |
| Launch Date |
18 July 2006 |
| Investment Objective |
The Fund seeks to achieve medium-to-long term capital appreciation by investing in a single collective investment scheme that invest primarily in equities of developed and emerging markets globally. |
| Asset Allocation |
95.0% to 99.8% of the Fund’s NAV will be invested in a Singapore-based collective investment scheme, i.e. Shenton Global Opportunities Fund (SGOF) while maintaining a minimum of 0.2% of its NAV in liquid assets. SGOF invests primarily in equities of developed and emerging markets. It may also invest in fixed income securities of developed countries or debt instruments with at least an “A” rating, and derivatives which will be used primarily for hedging. There is no target industry/sector. |
| Investment Strategy |
The Fund may invest up to 99.8% of its NAV in the Singapore based collective investment scheme, i.e. SGOF and the remaining in liquid assets. The Manager may take temporary defensive positions that may be inconsistent with the Fund’s principal strategy in attempting to respond to adverse market conditions, economics, political or any other conditions. Another target fund with similar objective will be substitute for SGOF if the latter no longer meet the proposed Fund’s investment objective, subject however, to the SC’s prior approval. |
| Investors' Profile |
The Fund is suitable for investors who are risk tolerant, seeking higher returns from their investments and comfortable with an investment horizon of at least 3 years. |
| Fees & Charges |
| Sales Charge per unit |
Maximum of 5.5% of the NAV per Unit |
| Annual Management Fee |
Up to 1.5% per annum of the NAV of the Fund. |
| Trustee Fee / Custodian fee |
0.07% per annum (including local custodian fee but excluding foreign sub-custodian fee) of the NAV of the Fund, subject to a minimum of RM18,000 per annum. |
| Switching Fee |
Two free switches per calendar year. For any subsequent switch within the same calendar year, a fee of 1% would be imposed on the amount switched. |
| Performance Fee and Hurdle Value |
Not Applicable |
| Redemption Fee |
Nil (but may charge up to 1% if SGOF or its substitute fund decides to charge the same in future) |
| Transaction Details |
| Minimum Initial Investment |
RM1000 |
| Minimum Units Held |
500 units |
| Minimum Additional Investment |
RM100 |
| Cooling-off Period |
For qualified investors, within 6 Business Days from the day the initial application of units is received by the Manager. |
Period of Payment of
Redemption Proceeds |
Within 10 days from the day the redemption request is received by the Manager. |
Past earnings or the fund’s distribution record is not a guarantee or reflection of the funds’ future earnings/future distribution.
Unit prices and distributions payable, if any may go down as well as up.
Prospective Unit Holders should read and understand the contents of the Prospectus and, if necessary, should consult their adviser(s).
There are fees and charges involved and investors are advised to consider the fees and charges before investing in the fund.
