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Objective
To provide income distribution as well as capital appreciation over an investment horizon of three(3) years through exposure to a basket of selected global financial stocks, whilst seeking to provide capital protected at the Fund's maturity. |
| Fund Information |
| Fund Category |
Fixed Income (Close-ended) |
| Fund Type |
Capital Protected |
| Launch Date |
10 July 2008 |
| Investment Objective |
To provide income distribution as well as capital appreciation over an investment horizon of three(3) years through exposure to a basket of selected global financial stocks, whilst seeking to provide capital protected at the Fund's maturity. |
| Asset Allocation |
A minimum of 85% 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 OTC option that is linked to the performance of a basket of selected global financial stocks.
A minimum of 0.2% of the Fund's NAV is to be retained in the form of cash and money market instruments.
Note:
The Manager, may where it becomes necessary or where it considers in the interest of the Unit Holders, vary the terms governing or relating to the OTC-option (including without limitation those relating to the COMPOSITION OF THE BASKET, THE STRIKE PRICE, PARTICIPATION RATE, CURRENCY AND RATE OF COUPON PAYOUT, CURRENCY AND RATE OF FINAL PAYOFF AND OBSERVATION PERIOD.) It may be necessary to vary the structure of the OTC option in the event of market developments, currency fluctuations or even interest rate movements. The Manager shall inform the Unit Holders in writing of such variations. |
| Investment Strategy |
To achieve the objective of the Fund, a minimum of 85% of the Fund's NAV will be invested in ZNIDs that aims to sufficiently protect the capital of the Fund, covering the total 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 OTC option that is linked to the performance of a basket of selected global financial stocks. The OTC option provides investors with the opportunity to participate in potential recovery of the global financials sector through exposure to an underlying basket up to eight (8) global financial stocks. This OTC option exposure creates the potential for income distribution and capital appreciation.
Please note that the Fund's potential return in excess of the capital protected value per Unit is not guaranteed and is subject to the performance of the underlying global financial stocks within the OTC Option's Basket. |
| Investors' Profile |
Suitable for investors who seek capital protection, are risk averse, have short-term investment horizon as well as wish to have income distribution and capital growth by participating in the global financial sector. |
| Fees & Charges |
| Sales Charge per unit |
Maximum 3.50% of the NAV per Unit. |
| Annual Management Fee |
Nil |
| Trustee Fee / Custodian fee |
0.08% per annum of the NAV of the Fund, subject to a minimum of RM18,000 per annum.(excluding foreign sub-custodian fees and charges) |
| Switching Fee |
Not applicable as switching into or out from the Fund is prohibited. |
| Performance Fee and Hurdle Value |
Not Applicable |
| Redemption Fee |
In the 1st year - 1.5% of NAV per unit, In the 2nd year - 1.0% of NAV per unit, In the 3rd year and up to the day before the maturity date - 0.5% of NAV per unit, At Maturity Date - Nil |
| Transaction Details |
| Minimum Initial Investment |
RM2000 |
| Minimum Units Held |
1,000 units |
| Minimum Additional Investment |
RM1000 |
| 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.
