Hong Leong Gold Select CP (mtd)

Fund Key Data
ManagerHong Leong Asset Mgmt Bhd
Fund TypeProtected
Date Launched August 18, 2009
Approved Fund Size 400,000,000
Fund Price as at September 21, 2011
Buy 0.4990
Sell 0.4990
NAV 0.4990
Daily prices courtesy of TheEdge Financial Daily

Objective

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.

Investor Profile

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.

Strategy

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.

Asset Allocation:

  • Zero-Coupon Negotiable Instruments of Deposits (“ZNIDs”): A minimum of 93% of the
    Fund’s NAV
  • 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.

 


Fund Information

Fees & Charges
Sales Charge 2.0%
Redemption Fee1% (Redeem within the 1st 12 months - 1%; Redeem after 12 months but before 24 months - 0.5%.)
Switching FeeN/A
Free Switches YearlyN/A
Annual Management Fee0%
Management Expense Ratio (MER)%
Transactions (Minimum)
InvestmentInitial: RM1,000
Additional: RM1,000
Regular InvestmentInitial: N/A
Additional: N/A
Account Balance 2,000 units
Switching N/A

 
Fund Documents
Prospectus Refer to company website or branch office.

 

Fund Performance

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

 

Related Funds

Compare Hong Leong Gold Select CP (mtd) with:

CategoryCompany
Protected
Funds:
Hong Leong Asset Mgmt Bhd
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