05 Oct 2007 | No comment | investment | Comments feed

New Fund: Public South East Asia Select Fund

Fund Objective: To achieve capital growth over the medium to long term period by investing in a portfolio of investments in South East Asian Markets.

Fund Type: Equity / Capital Growth

Investor Profile:

• Aggressive Risk Reward Temperament
• Medium to Long term investment horizon (more than 3 years)
• Can withstand extended periods of market highs & lows in pursuit of capital growth

Equities: 75-95%
Remaining: Fixed Income Instruments and Money Market Instruments. Min 2% in liquid assets.
Asset Allocation : Up to 70% of the NAV can be invested in selected Regional Markets.

Regional markets include :
Vietnam, Singapore, Thailand, Indonesia, Phillippines and other approved markets

Benchmarks: 35% Singapore STI, 30% Malaysia KLCI, 15% Indonesia JCI, 15% Thailand SET, 5% Phillipines PSEI

Fund Size: RM375 Million Approved Fund Size: 1.5 Billion units

Initial Offer Period: 2 Oct 2007- 22 Oct 2007 (21 days) 1% SAVINGS during offer period

Initial NAV Price: RM0.2500 per unit
Initial Service Charge: 5.45% (Normally 6.5%) of NAV Management Fee: 1.5% p.a. Trustee Fee: 0.08% p.a.

Distribution Policy: Incidental Financial Year End: Oct 31

Min Initial Investment: RM1,000 Min Additional Investment: RM100

Open for CASH investments only. (sorry, not eligible for EPF withdrawal scheme)

Monthly Investment Campaign: Direct Debit Instructions (DDI) submitted during offer period will also enjoy the promotional service charge of 5.45% of NAV for as long as the Direct Debit is active.

Positive Points

• ASEAN is one of the world’s fastest growing regions,
• with a population of 573 Million,
• having a nominal GDP of 9%pa average since 2000 (past 6 years - Global 5.4%pa, ASEAN 6.8%pa),
• Sustainable GDP growth of 4.5 - 8.4% for 2007/2008

Click here to download Prospectus

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