Investment Objective

The Fund seeks to achieve steady capital growth in the medium to long-term.

Investment Policies and Strategies

To achieve its objective the Fund will invest in Ringgit denominated money market instruments and/or fixed income securities. At the same time, the Trustee on behalf of the Fund and us will enter into swap contract of OTC derivative transactions linked to AIG-EMFX. Under the terms of the swap contract, a portion of the interest gained from the money market instruments and/or fixed income securities will be paid to the OTC Swap Contract ounterparty as the index fee and funding cost. In return, the OTC Swap Contract Counterparty will make payments to the Fund based on the performance of the AIG-EMFXI. Any gains or losses from the AIG-EMFXI Index will be reflected in the NAV of the Fund daily. The Fund intends to achieve capital growth through this OTC derivative transaction.

Note:
Although the Fund will invest in Ringgit denominated money market instruments and/or fixed income securities, it is however 90-95% exposed to derivatives through a swap contract. All moneys received by the Manager prior to the Commencement Date will be placed in short term deposit with the bank, any interest earned during this period will be treated as an asset of the Fund upon the Commencement Date.


Asset Allocation:

• At least 90% of the Fund's NAV will be invested in Ringgit denominated money market instruments and/or fixed income securities issued by local financial institutions.
• At least 0.2% of the Fund's NAV will be held in the form of cash and other liquid assets to meet the Fund's operating expenses.

Some basic fees: