Funds
Kenanga Global Multi Asset Fund (USD)***
 

Investment Objective

The Fund seeks to provide capital appreciation by investing in the Target Fund.



Fund Category/ Type

Equity (feeder)/ Growth 



This Fund is suitable for investors who:

· seek absolute returns; and 

· have an aggressive risk appetite.



Performance Benchmark

The Fund will be measured against an absolute return^ benchmark of 15% per annum on a yearly basis.

^This is not a guaranteed return and it is only a measurement of the Fund's performance. The Fund may or may not achieve 15% per annum on a yearly basis in any particular financial year but targets to achieve this growth on a long-term basis. 



Asset Allocation

·    Minimum 95% of the NAV to be invested in the Target Fund; and 

·    Up to 5% of the NAV to be invested in liquid assets comprising money market instruments and deposits with financial institutions



Entry Fee:

Cash Investment: Up to 3.00% of the NAV per Unit



Annual Management Fee

Up to 1.00% per annum of the NAV per Unit

Unit holders should be aware that the Investment Manager of the Target Fund will also be charging 1.00% of the NAV of the Target Fund as management fee at the Target Fund level. 



Annual Trustee Fee

· 0.08% per annum of the NAV of the Fund for NAV of up to RM200mil; and

· 0.06% per annum of the NAV of the Fund for NAV of any amount in excess of RM200mil.

        


Exit Fee

Nil



Switching Fee

Nil

 


Minimum Initial Investment

USD5,000

 


Minimum Additional Investment

USD1,000



Information about the Target Fund



Name of the Target Fund

TCM Global Index Fund (Cayman) Ltd



Investment Manager of the Target Fund

Taaffeite Capital Management, LLC



Regulatory Authority of the Target Fund 

Cayman Islands Monetary Authority



Regulatory Authority of the Investment Manager

United States Commodity Futures Trading Commission.



Date of Establishment of the Target Fund

10 July 2014

 


Note

·      In computing the annual management fee and annual trustee fee, the Net Asset Value (“NAV”) of the Fund should include the management fee and the trustee fee for the relevant day.


·        All fees and charges payable to the Manager and the Trustee are subject to the goods and services tax/sales and services tax/other taxes of a similar nature as may be imposed by the government or other authorities from time to time.


This is for information only. It should not be construed as an offer or a solicitation of an offer to purchase or subscribe or to sell units. Units of the Fund are offered solely on the basis of the information contained in the Information Memorandum. Where the Target Fund's past performance is quoted, the past performance of the Target Fund should not be taken as indicative of its future performance. If you are in doubt when considering the investment or the information provided, you are advised to consult a professional adviser.


Kenanga Investors Berhad 199501024358 (353563-P). All rights reserved.
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