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CIMB-Principal Asset Management Berhad
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CIMB-Principal MENA Equity Fund
CIMB-Principal MENA Equity Fund
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Making your money work for you
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Investment Objective
The Fund aims to achieve a total return through investments primarily in shares of companies domiciled or having significant operations, and listed in the Middle Eastern and North African countries. |
Investment Policies and Strategies
The Fund is a feeder fund which invests up to 98% of its NAV in the Ocean Fund/Equities MENA Opportunities Fund ("the Target Fund"), a Luxembourg-domiciled fund which invests primarily in shares of companies domiciled or having significant operations, and listed in the MENA countries. The Fund will also maintain a minimum of 2% of its NAV in liquid assets.
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Asset Allocation:
Up to 98% of Net Asset Value
Investments Ocean Fund/Equities MENA Opportunities Fund ("the Target Fund")
Minimum 2% 0f NAV
Investment in liquid assets.
Some basic fees:
| Fund Category / Type |
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Feeder / Growth Fund |
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| Sales Charge |
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Up to 5.5% of investment amount |
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| Annual Management Fee |
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1.80% of Net Asset Value of the Fund |
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| Annual Trustee Fee |
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Trustee fee: 0.08% p.a. (min. RM18k p.a.) of NAV of the fund |
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| Redemption Fee |
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Up to 1% of NAV per unit.
Withdrawal fee is chargeable within six (6) months from the Commencement Date. Thereafter, no Withdrawal fee will be charged. All Withdrawal fee will be retained by the Manager. |
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| Investors' Profile |
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This Fund is suitable for investors who: |
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are looking to participate in the upside
potential of the MENA region;
want medium to long term capital appreciation
on your investments; and
want to invest in a fund managed by an
established international fund manager. |
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| Distribution Policy |
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As the Target Fund generally does not pay any distributions, and consistent with this Fund's objective to achieve a total return, the Fund is not expected to pay any distribution. |
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Disclaimer: This document is provided to you for information purposes only and should not be construed as an offer or a solicitation of an offer to purchase or subscribe. This document is strictly for internal circulation only and may not be reproduced, distributed or published by any recipient for any other purpose. The information contained herein has been derived from sources believed to be reliable and is current as at the date of publication. No representation or warranty is made by the Manager nor is there acceptance of any responsibility or liability made as to the accuracy, completeness or correctness of the information contained herein. Expressions of opinion contained herein are those entirely of the Manager and are subject to change without prior notice. Persons wishing to rely upon this information should consult directly with the source of information or obtain professional advice. Prospective investors are advised to read and understand the contents of the prospectus and consider the fees and charges involved before investing. The price of units and distributions payable, if any, may rise or fall and past performance of a fund is not indicative of its future performance
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