• Would like to participate in the growth story of emerging markets;
• Want diversification into a global portfolio;
• Are able to tolerate short-term volatility and risks associated with emerging market portfolios;
• Want indirect exposure to a mixture of global bonds as a hedge to the GEM equity portfolio.

Type of Fund: Global income and growth fund
Category: Feeder Fund

Investment Objective
The Fund seeks long term returns from capital growth and income by investing at least 70% of its non-cash assets in a portfolio of investments in equity and equity equivalent securities of companies in emerging markets. The remaining assets will be invested in a diversified portfolio of fixed income securities.

Asset Allocation
The Fund seeks to achieve long term returns by investing a minimum of 95% of its NAV in a predetermined Target Fund while up to a maximum of 5% of the Fund's NAV will be maintained in the form of liquid assets for the primary purpose of meeting redemptions.

Investment Strategy
The Fund will invest in a Target Fund that invests in diversified portfolio of global emerging markets securities and complimented by an allocation in global fixed income securities that act as a counterbalance to the equities in the emerging market portfolio. The global bond or global fixed income related instruments portion of the Target Fund will be hedged back to MYR but the global emerging markets equity portion of the Target Fund will remain un-hedged in the denominated currency.

Investment Risks
The main risks are Emerging Markets risk, Foreign Exchange risk, Decline in Value, Country risk, Mismatch risk, Inflation risk, Income Distribution risk, Liquidity risk and Borrowing risk.

Distribution Policy
There will be no distribution of income or capital for this Fund and any distributions (if any) will be at the sole discretion of the Manager.