|Fund Key Data|
|Manager||MAAKL Mutual Bhd|
|Fund Type||Mixed Asset Myr Balanced - Malaysia|
|Date Launched||May 2, 1991|
|Approved Fund Size||750,000,000|
|Fund Price as at April 18, 2014|
|Daily prices courtesy of TheEdge Financial Daily|
MBLF is a balanced income fund. Its primary investment objective is to achieve medium- to long-term capital appreciation and to provide dividend income.
Financial Year End: June 30.
Distribution Policy: Annually, if any.
The Fund is designed for investors who seek regular income. The Fund is suitable for conservative investors seeking relatively higher returns than fixed deposits but dislike the higher risks associated with a full equity portfolio.
The Fund invests in equities and fixed income instruments based on its assessment of the respective market outlook. The Fund Manager uses a macro-economic ‘top-down’ approach to decide on strategic asset allocation. The Fund Manager constantly monitors and assesses the investment environment to identify emerging investment trends and themes. More importantly, the Fund Manager spends considerable amount of time evaluating macroeconomic variables and sector preferences before proceeding to the stock selection process. The Fund Manager believes that given the increased interdependence among markets, a bird’s eye view of global financial markets is also critical to successful investment. The Fund Manager builds and develops an understanding of the companies the Fund invests in through regular contacts, e.g. company visits, discussions with management, industry presentations and stockbroker forums.
The Fund Manager adopts a long term and active investment style. The Fund Manager selects an investment with an investment horizon of one to two years, but may sell when stock prices reach the assessment of full value or when a better alternative appears.
The stock selection process emphasises both quality and dividend yield. On quality, the Fund Manager looks for companies with a strong cash flow, healthy balance sheet and sound management. The Fund also seeks companies with a higher dividend yield than industry and/or market levels.
When selecting fixed income investments, the Fund Manager adopts a prudent strategy in forming a portfolio of debt instruments, which is in accordance with the Fund’s investment objective and the Fund Manager’s assessment of investment prospects in line with the underlying interest rates and economic outlook.
|Fees & Charges|
|Switching Fee||RM25 (for switches to any Equity/Balanced/Money Market Funds.)|
|Free Switches Yearly||2|
|Annual Management Fee||1.5%|
|Management Expense Ratio (MER)||%|
|Investment||Initial: RM500 |
|Regular Investment||Initial: RM500|
|Account Balance||100 units|
|Fund Performance as at 2014-04-18|
|1 Month Return|
|6 Month Return||3.3086534012 %|
|1 Year Return||5.76491890704 %|
|3 Year Return||17.8771090847 %|
|5 Year Return||63.8448302713 %|
|As published in the The Edge-Lipper Fund Performance Ranking Tables|
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