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Objective
The Fund aims to provide capital appreciation through exposure to companies that seek to capture and benefit from the growing Asian economy and increasing affluence of Asian households, by providing goods and services to meet their aspiring demands, whilst seeking to provide capital protection at the Fund’s maturity. |
| Fund Information |
| Fund Category |
Fixed income (close-ended) |
| Fund Type |
Capital Protected |
| Launch Date |
27 March 2008 |
| Investment Objective |
The Fund aims to provide capital appreciation through exposure to companies that seek to capture and benefit from the growing Asian economy and increasing affluence of Asian households, by providing goods and services to meet their aspiring demands, whilst seeking to provide capital protection at the Fund’s maturity. |
| Asset Allocation |
A minimum of 90% of the Fund’s NAV will be invested in ZNIDs.
A minimum of 3.5% of Fund’s NAV will be used to invest in an over-the-counter option that is linked to the performance of a basket of up to 10 securities of companies and the one-month Australian Treasury Bills.
A minimum of 0.2% of the Fund’s NAV is to be retained in the form of cash and money market instruments. |
| Investment Strategy |
To achieve the objective of the Fund, a minimum of 90% of the NAV of the Fund will be invested in ZNIDs that aims to sufficiently protect the capital of the Fund, covering the initial amount invested as well as sales charges imposed, if any. These fixed income instruments are bought at a discount to provide a nominal value, equivalent to the capital sought to be protected at maturity. In addition, a minimum of 3.5% of the NAV of the Fund will be used to buy an over-the-counter option that is linked to the performance of a basket of up to 10 securities of companies and the one-month Treasury Bills on the Commencement Date. The Basket comprises companies that seek to capture and benefit from the growing Asian economy and the increasing affluence of Asian households, by providing goods and services to meet their aspiring demands. This exposure creates the potential for capital appreciation. |
| Investors' Profile |
Suitable for investors who are risk averse, seeking capital protection and growth and have short-term investment horizon. |
| Fees & Charges |
| Sales Charge per unit |
Up to 5% of the NAV per Unit. |
| Annual Management Fee |
Nil |
| Trustee Fee / Custodian fee |
0.08% per annum of NAV of the Fund, subject to a minimum of RM18,000 per annum (excluding foreign custodian fees and charges). |
| Switching Fee |
Not applicable as switching facility is not available. |
| Performance Fee and Hurdle Value |
Not Applicable |
| Redemption Fee |
(From the Commencement Date of the Fund): (Charges). Up to 12 months: 1.50% of NAV per unit. More than 12 months and up to 24 months: 1.00% of NAV per unit. More than 24 months and up to the day before the Maturity Date: 0.50% of NAV per unit. At Maturity Date: Nil |
| Transaction Details |
| Minimum Initial Investment |
RM2,000 |
| Minimum Units Held |
1,000 units |
| Minimum Additional Investment |
RM1,000 |
| 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.
