The Fund aims to seek long term capital appreciation by investing in a collective investment scheme which invests mainly in a globally diversified portfolio of technology related companies.
Performance Benchmark: MSCI All Countries World Information (ACWI)/ Information Technology Index. Source: Lipper, a Thomson Reuters Company
The performance benchmark of the Fund is available on our website at www.tainvest.com.my.
Offer Period: 21 days from 26th May 2011 to 15th June 2011 at RM0.50 per unit.
Distribution Policy: The Fund does not intend to distribute any income.
The Fund is suitable for investors who:
- seek long-term capital appreciation through global equity markets.
- want to have exposure to a specific segment of the global economy.
- aim high returns over the long-term, but may be subject to fluctuations in capital values.
As the Fund is a feeder fund, the investment of the Fund will consist of a single collective investment scheme (the Target Fund). The Manager will monitor the investment objective of the Target Fund to ensure that it is consistent with the investment objective of the Fund.
The Target Fund, Henderson Horizon Fund – Global Technology Fund is a sub-fund of HENDERSON HORIZON FUND (“the Company”), an investment company with variable capital authorised under Part I of the Luxembourg law of 20 December 2002. The Company is an open ended investment company organised as a société anonyme under the laws of the Grand Duchy of Luxembourg and qualifies as a SICAV (“société d'investissement à capital variable”).
A minimum of 95% of the fund’s NAV will be invested in the Henderson Horizon Fund – Global Technology Fund (“the Target Fund”), with the balance in liquid assets.
The Target Fund aims to take advantage of market trends internationally. The Target Fund takes a geographically diversified approach and operates within broad asset allocation ranges. There are no specified limits on the amounts that the Target Fund can or must invest in any geographical region or single country.
The Manager may adopt a defensive strategy temporarily by maintaining high liquid asset/cash weighting that may be inconsistent with the Fund’s principal investment and asset allocation strategy. The defensive strategy may be necessary to protect the Fund’s investment in response to adverse market, economic, political, or any other conditions. As a result, the Fund’s performance may diverge from the Target Fund’s return and tracking error may increase.
If and when the Manager considers the investment in the Target Fund is unable to meet the objective of the Fund, the Manager may choose to replace the Target Fund with another collective investment scheme that is deemed more appropriate. The Manager will seek Unit Holders’ approval before any such changes are made.
- Minimum of 95% of its NAV in Target Fund
- Up to 5% of its NAV in liquid asset.
Fees & Transactions
|Fees & Charges|
|Switching Fee||None (The Manager reserves the right to vary the terms of the switching facility from time to time.)|
|Free Switches Yearly||N/A|
|Annual Management Fee||1.8%|
|Investment||Initial: RM1,000 |
|Regular Investment||Initial: N/A|
|Account Balance||500 units|
|Prospectus||Refer to company website or branch office.|
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