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OSK-UOB Asian Growth Opportunity Fund
OSK-UOB Asian Growth Opportunity Fund
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Making your money work for you
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Investment Objective
This Fund aims to achieve long term capital growth by investing primarily in small capitalization stocks and stock related securities issued by corporations in the Asia Pacific region (excluding Japan). |
Investment Policies and Strategies
The Fund will invest principally in one of the funds managed by UOB Asset Management Limited, Singapore ("UOBAM") that is the United Asian Growth Opportunities Fund ("UAGOF"). UAGOF launched in June 2004 is a collective investment scheme constituted in Singapore which invests a large part of its assets in companies whose market capitalisation is lower than the market capitalisation of the 50th percentile constituent company of a recognised Asia Pacific ex Japan index ("Index") which may or may not be constituent stocks of the Index. Currently the Index used by the target fund is the MSCI AC Asia Pacific Ex Japan Index.
The 50th percentage market capitalisation was set to ensure UAGOF invests in small capitalisation stocks. Currently, the indicative limit (50th percentage market capitalisation) is about USD3.465 billion (as at 29 June 2007), hence the Fund can purchase any stock with market capitalisation below this limit. Such market capitalisation limit which is subject to change will only be observed at the time of investment in a company. The 50th percentage market capitalisation is used instead of an absolute number to determine the limit so as to allow for the effect of asset inflation on the prices of stocks over time. In managing UAGOF's mandate there are restrictions on purchases of core benchmark component stocks unlike other types of growth funds where there are no restrictions. UAGOF cannot purchase key benchmark stocks due to the market cap limit, hence the benchmark is used as a guide.
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Asset Allocation:
Up to 98% of Net Asset Value
 Investments in the units of United Asian Growth Opportunities Fund
2% - 5% 0f NAV
Investment in liquid assets including money market instruments and
deposits with licensed financial institutions.
Some basic fees:
| Fund Category / Type |
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Growth Fund |
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| Sales Charge |
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Up to 5% of investment amount |
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| Annual Management Fee |
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1.80% of Net Asset Value before deducting the Manager's and Trustee's fees for that particular day. |
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| Annual Trustee Fee |
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0.08% of Net Asset Value before deducting the Manager's and Trustee's fees for that particular day, subject to a minimum of RM18,000 per annum. Further, if the Trustee is the counterparty for a hedge transaction in relation to the Fund, then an additional fee of 0.03% per annum of the amount hedged or the security value under the hedge, whichever is higher, is payable to the Trustee . |
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| Investors' Profile |
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This fund is suitable for investors who |
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- seek investment opportunities in the small cap securities in the Asian (excluding Japan) region;
- wish to invest in an established foreign fund managed by a renowned fund manager; and
- are willing to accept a higher risk in their investments to obtain potentially higher returns in the
long term.
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| Distribution Policy |
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Consistent with the Fund's objective to achieve long term capital appreciation, distributions will therefore be of secondary importance. Distributions, if any, after deduction of taxation and expenses, will be reinvested. |
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| Disclaimer
Investors are advised to read and understand the contents of the Prospectus dated 8 January 2008, which has been registered with the Securities Commission who takes no responsibility for its contents, before investing. Amongst others, investors should consider the fees and charges involved. Investors should also note that the price of units and distributions payable, if any, may go down as well as up. Any issue of units to which the Prospectus relates will only be made on receipt of a form of application referred to in the Prospectus. A copy of the prospectus can be obtained from our office and all authorized agents or distributors of OSK-UOB Unit Trust Management Berhad.
The Manager wishes to highlight that past performance is no indication of future performance.
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