Overview
Objective
To maximise total investment returns consisting of a combination of interest income, capital appreciation and currency gain.
The Portfolio will invest principally in debt instruments denominated in USD as well as in Asian currencies, issued or guaranteed by government agencies and corporate borrowers in the Asian Region. The Portfolio may also invest in preferred shares, convertible bonds and high yield equities. Permitted currency hedging techniques will be used when appropriate.
Price at RM1.00 per unit during the initial offer period between 31st Oct 2006 - 20 November 2006.
Financial Year End: 30 Nov
Distribution Policy: Annually.
Investor Profile
For investors who:
- seek to achieve a stable total return through a combination of capital appreciation and income through investing in Asian income over long term.
- seek diversification from global equities investments.
Strategy
Credit Agricole Funds, initially Goupe Indosuez Funds FCP, an unincorporated mutual investment fund, was transformed, in accordance with Article 110(2) of the law of 30 March 1988 on undertakings for collective investment, and renamed GIF SICAV II on 15 March 1999. The name of the fund was then changed to GIF SICAV on 1 December 1999 and to Credit Agricole Funds on 8 December 2000.
The investment objective of the portfolio is to maximise total investment return consisting of a combinationof interest income, capital appreciation and currency gains. The portfolio will invest principally in debt instruments denominated in USD as well as in Asian currencies, issued or guaranteed by government or government agencies and corporate borrowers in the Asian Region. The portfolio may also invest in preferred shares, convertible bonds and high yield equities. Permitted currency hedging techniques will be used when appropriate. The base currency of the portfolio is US Dollar.
Asset Allocation:
- A minimum of 95% of the Fund's NAV will be invested in Credit Agricole Funds - Asian Income.
- A maximum of 5% of the Fund's NAV will be in liquid assets.
Fees & Transactions
| Fees & Charges | |
|---|---|
| Sales Charge | 1.00% |
| Redemption Fee | None |
| Switching Fee | 6% (However, it may be waived or varied at Manager discretion.) |
| Free Switches Yearly | N/A |
| Annual Management Fee | 1.25% |
| Management Expense Ratio (MER) | 5.8% |
| Transactions (Minimum) | |
|---|---|
| Investment | Initial: RM1,000 Additional: RM500 |
| Regular Investment | Initial: N/A Additional: N/A |
| Account Balance | 1,000 units |
| Switching | 500 units |
Investment Return
| Investment Return as at 2010-09-02 | |
|---|---|
| 3 Month Return | 0.80% |
| 6 Month Return | -1.65% |
| 1 Year Return | -1.67% |
| 3 Year Return | -11.67% |
| 5 Year Return | |
| Investment performance information as on bid to bid basis. Nett distributions reinvested. For reference only. | |
Downloads
| Fund Documents | |
|---|---|
| Prospectus | Refer to company website or branch office. |
Related Funds
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