|Fund Key Data|
|Manager||Hong Leong Asset Mgmt Bhd|
|Fund Type||Mixed Asset MYR Bal- Global|
|Date Launched||March 8, 2007|
|Approved Fund Size||400,000,000|
|Fund Price as at August 27, 2012|
|Daily prices courtesy of TheEdge Financial Daily|
The Fund aims to provide investors with opportunity to enjoy regular income and seeks medium-to-long capital growth by investing into a diversified investment portfolio containing a mixture of fixed income securities and equity securities. The equities securities consist of companies which carry out their activities principally in the luxury or prestige goods and services sector, in any part of the world.
Initial Offer Period 21 days from 8th - 28th March 2007 at RM0.50 per unit.
Financial Year End: September 30.
Distribution policy: Half-yearly basis, if any.
The Fund is appropriate for investors who are seeking:
- A regular income stream;
- More stable investment returns compared to those provided by pure luxury goods equity funds;
- Greater diversification in their investment holdings through global exposure; and
- Potential for medium-to-long term capital appreciation from investments in the global luxury goods industries.
The Fund will invest in global equity securities of companies that offer prestige or luxury goods and services in any country of the world. As such the Fund has expsure to a broad range of industries such as perfume and cosmetics, watches and jewellery, leather goods and accessories, apparels, luxury cars and lifestyle/medical equipment of premium quality, selected primarily on the basis of their capital growth.
At the same time, the Fund will also invest into fixed income securities to seek regular income and stability of capital.
- Fixed Income Securities: Between 40% - 60% of the Fund's NAV.
- Global Equity Securities: Between 40% - 60% of the Fund's NAV.
- Cash and Liquid Assets: A minimum of 3% of the Fund's NAV.
|Fees & Charges|
|Free Switches Yearly||3|
|Annual Management Fee||1.5%|
|Management Expense Ratio (MER)||1.62%|
|Investment||Initial: RM1,000 |
|Regular Investment||Initial: RM1,000|
|Account Balance||1,000 units|
|Prospectus||Refer to company website or branch office.|
|Fund Performance as at 2012-08-27|
|1 Month Return|
|6 Month Return||-3.99408284024 %|
|1 Year Return||6.67762482022 %|
|3 Year Return||24.5980321574 %|
|5 Year Return||11.4880824565 %|
|As published in the The Edge-Lipper Fund Performance Ranking Tables|
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