|Fund Key Data|
|Manager||Hong Leong Asset Mgmt Bhd|
|Date Launched||August 18, 2009|
|Approved Fund Size||400,000,000|
|Fund Price as at September 21, 2011|
|Daily prices courtesy of TheEdge Financial Daily|
The Fund aims for 100% capital protection upon maturity and provide potential return linked to the movement of Gold price over the tenure of the Fund.
Offer Period: 18th August 2009 - 16th Sept 2009 at price of RM0.50 per unit.
Investment Timeframe: 2 years.
Financial Year End: 31 March
Commencement Date: Within the 10 Business Days immediately following the end of the Offer Period.
The Fund is designed for risk adverse and conservative investors who:-
- Have a very low risk tolerance;
- Seek capital protection; and
- Wish to participate in the movement of the Gold price.
1. Capital Protection: Fixed Income Portion
The Fund intends to invest primarily in 2-year Ringgit Malaysia denominated Zero-Coupon Negotiable Instruments of Deposits (“ZNIDs”) to be issued by at least 5 Malaysian Banks which aims to protect capital upon maturity.
2. Fund’s Return: Option Portion
The Fund will also invest in 2-year over the counter (“OTC”) call option issued by The Royal Bank of Scotland Berhad that provide potential return (if any) linked to the movement of Gold price over the tenure of Fund.
3. Fund’s Liquidity: Money Market Instruments Portion
The Fund will also invest in money market instruments to provide cash liquidity to meet redemption requests and to defray the Fund’s expenses.
- Zero-Coupon Negotiable Instruments of Deposits (“ZNIDs”): A minimum of 93% of the
- OTC call option : Up to 5% of the Fund’s NAV in a 2 year call option issued by The Royal Bank of Scotland Berhad that provide potential return (if any) linked to the movement of Gold price during the Observation Period (tenure of the Fund).
- Money market instruments : Up to 2% of the Fund’s NAV.
|Fees & Charges|
|Redemption Fee||1% (Redeem within the 1st 12 months - 1%; Redeem after 12 months but before 24 months - 0.5%.)|
|Free Switches Yearly||N/A|
|Annual Management Fee||0%|
|Management Expense Ratio (MER)||%|
|Investment||Initial: RM1,000 |
|Regular Investment||Initial: N/A|
|Account Balance||2,000 units|
|Prospectus||Refer to company website or branch office.|
|Fund Performance as at 2011-09-21|
|1 Month Return|
|6 Month Return|
|1 Year Return||2.71716755867 %|
|3 Year Return|
|5 Year Return|
|As published in the The Edge-Lipper Fund Performance Ranking Tables|
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