MANULIFE EQUITY PLUS FUND

Transcription

1 MANULIFE EQUITY PLUS FUND RESPONSIBILITY STATEMENT This Product Highlights Sheet has been reviewed and approved by the directors of Manulife Asset Management Services Berhad and they collectively and individually accept full responsibility for the accuracy of the information. Having made all reasonable inquiries, they confirm to the best of their knowledge and belief, there are no false or misleading statements, or omission of other facts which would make any statement in the Product Highlights Sheet false or misleading STATEMENT OF DISCLAIMER The Securities Commission Malaysia has authorised the issuance of Manulife Equity Plus Fund and a copy of this Product Highlights Sheet has been lodged with the Securities Commission Malaysia. The authorisation of the Manulife Equity Plus Fund and lodgement of this Product Highlights Sheet, should not be taken to indicate that the Securities Commission Malaysia recommends the Manulife Equity Plus Fund or assumes responsibility for the correctness of any statement made or opinion or report expressed in this Product Highlights Sheet. The Securities Commission Malaysia is not liable for any non-disclosure on the part of the Manulife Asset Management Services Berhad responsible for the Manulife Equity Plus Fund and takes no responsibility for the contents of this Product Highlights Sheet. The Securities Commission Malaysia makes no representation on the accuracy or completeness of this Product Highlights Sheet, and expressly disclaims any liability whatsoever arising from, or in reliance upon, the whole or any part of its contents.

2 This Product Highlights Sheet only highlights the key features and risks of this unlisted capital market product. Investors are advised to request, read and understand the disclosure documents before deciding to invest. PRODUCT HIGHLIGHTS SHEET MANULIFE EQUITY PLUS FUND BRIEF INFORMATION ON THE PRODUCT 1. What is Manulife Equity Plus Fund ( the Fund )? Fund category : Equity Type : Growth PRODUCT SUITABILITY 2. Who is this product suitable for? This Fund would be suitable for investors who (a) seek returns that are potentially higher than fixed deposit rates; (b) have a medium to long term investment horizon; and (c) have high risk tolerance. KEY PRODUCT FEATURES 3. What am I investing in? The Fund aims to provide medium to long term capital growth by investing primarily in equities and equity related securities. Commencement date 29 December 2009 Financial year end 31 October Investment strategy and policy To meet its investment objective, the Manager will invest in equities and equity related securities. Asset allocation (% of Fund s NAV) Benchmark The Fund may invest up to 30% of the Fund s NAV in foreign equities and equity related securities such as in the Asia Pacific, whenever opportunities arise. Asia Pacific countries include but are not limited to Australia, Hong Kong, Indonesia, Singapore, and Thailand. Minimum 70% and up to 98% of the Fund s NAV will be invested in equities and equity related securities; and At least 2% of the Fund s NAV will be invested in liquid assets for liquidity purposes. FTSE Bursa Malaysia KLCI 1

3 4. Who am I investing with? Manager Trustee Manulife Asset Management Services Berhad HSBC (Malaysia) Trustee Berhad KEY RISKS 5. What are the key risks associated with this product? Company Specific Risk This is the risk of investing in a specific company. Any changes to the business performance of the company, consumer tastes and demand, lawsuits, competitive operating environment and management practices in a specific company in which the Fund invests in may cause fluctuations in the share price of that company, thus affecting the value of the Fund s investments. This risk is mitigated through the diversification process that the Manager will employ in the management of the Fund. Concentration Risk This is the risk of the Fund focusing a substantial portion of its assets in a smaller selection of securities. The movement in the price of a particular equity investment will have greater impact on the Fund. This risk is mitigated through the diversification process that the Manager will employ in the management of the Fund. Liquidity Risk This is defined as the ease in which securities can be sold at or near its fair value depending on the trading volume of that security in the market. If the Fund has a large portfolio of securities that are less liquid, the said securities may be sold at a discount to its fair value, which in turn would adversely affect the value of the Fund. To mitigate liquidity risk, the Manager will review and monitor the Fund continuously, and actively manage asset allocations of the Fund. In addition, the Manager will practice prudent liquidity management to enable the Fund to meet short term obligations. Currency Risk Where a percentage of the value of the Fund is invested in foreign currency or asset denominated in a foreign currency, the Fund will be exposed to currency risk. Fluctuations in foreign exchange rates may affect the value of the Fund s foreign investments upon conversion to local currency and subsequently impact the value of the Unit Holders investments. Country Risk This is the risk where the prices of equities or equity related securities may be affected by the political and economic conditions of the country in which the equities or equity related securities are listed. Careful consideration shall be given to risk factors such as liquidity, political and economic environment before any investments are made in a foreign country. Derivative Risk Depending on prevailing market circumstances at a particular point in time, the Manager may choose to use financial derivatives for hedging and risk reduction purposes to protect the Fund from anticipated detrimental movements in the underlying markets or investments. While the use of derivatives can be beneficial, it also involves special risks, including but not limited to: - the risk of derivative transactions having the effect of increasing the volatility of the Fund s respective NAV; - the risk of loss from default by the counterparty, typically as a consequence of insolvency or failed settlement; 2

4 - the risk of the supply and demand factors in the derivatives market and in other related markets impacting the liquidity of the derivatives market adversely, which in turn would adversely affect derivatives pricing and the Fund; - the Fund may not enter into a collateral support agreement (an agreement related to derivative, such as ISDA agreement) with the counterparty for various reasons such as but not limited to the fact that there may not be suitable or available collateral on either side that may be utilized. The Fund will not be entering into any collateral support agreements as the Deed prohibits the assets of the Fund to be used as collateral. The absence of such agreement would mean that in the event of any default, there will be no collateral against such losses. To mitigate these risks, all investment in derivatives will be closely monitored. Please refer to the Master Prospectus and supplemental prospectus(es) (if any) for details. FEES AND CHARGES 6. What are the fees and charges involved? Charges when buying units of the Fund Sales charge per unit Purchase of units through agents Purchase of units through the Manager Purchase of units through IUTAs Purchase of units through EPF Redemption charge per unit :up to 5.50% of the NAV per Unit :up to 5.50% of the NAV per Unit :up to 5.50% of the NAV per Unit :up to 3.00% of the NAV per Unit : Nil Switching charge per unit Any switching fee imposed is subject to the conditions on switching as set out in the Master Prospectus. Transfer of units Transfer of units is subject to a payment of RM3.00 per transfer. Fees incurred when investing in the Fund Management Fee 1.55% of the NAV per annum. This fee is calculated and accrued daily and payable monthly by the Fund to the Manager. Trustee Fee 0.08% of the NAV per annum subject to a minimum fee of RM18, per annum (excluding foreign custodian fees and charges). This fee is calculated and accrued daily and payable monthly by the Fund to the Trustee. All fees and charges payable to the Manager and the Trustee are subject to goods and services tax as may be imposed by the Government of Malaysia from time to time, at the prevailing rate. 3

5 VALUATION AND EXITING FROM INVESTMENT 7. How often are valuations available? The valuation of the Fund is carried out daily at the end of the business day. The Fund s NAV per unit will be available on the Manager s website, and will be published in one national Bahasa Malaysia and English newspapers. 8. How can I exit from this investment and what are the risks and costs involved? Cooling-off period The cooling-off period is only applicable to any person investing for the first time in any unit trust funds managed by the Manager. Unit Holders have the right, within six (6) business days from the day of the receipt by the Manager of their application form, to call for a withdrawal of their investments. A full refund of the money initially invested will be refunded to the Unit Holder within 10 calendar days from the receipt of the application for cooling-off by the Manager, i.e. the total sum of: (a) the NAV per unit on the day the units were first purchased; and (b) the sales charge per unit originally imposed on the day the units were purchased. In the case of an investment via EPF-MIS, the cooling-off period is subject to EPF s terms and conditions. Redeeming an investment Unit Holders may redeem part or all of their investments at any time by completing the Redemption Form which is available during office hours at the office of the Manager and its branches. The redemption proceeds will be paid within ten (10) calendar days from the date on which the request to repurchase is received by the Manager. There is no repurchase charge levied on the repurchase of units. CONTACT INFORMATION 9. Who should I contact for further information or to lodge a complaint? 1. For internal dispute resolution, you may contact us at: Manulife Asset Management Services Berhad 13th Floor, Menara Manulife 6 Jalan Gelenggang, Damansara Heights Kuala Lumpur Tel : (03) Fax : (03) MY_CustomerService@manulife.com Website : 2. If you are dissatisfied with the outcome of the internal dispute resolution process, please refer your dispute to the Securities Industries Dispute Resolution Corporation (SIDREC): (a) via phone to : (03) (b) via fax to : (03) (c) via to (d) via letter to : info@sidrec.com.my : Securities Industry Dispute Resolution Center (SIDREC) Unit A-9-1, Level 9, Tower A Menara UOA Bangsar No. 5, Jalan Bangsar Utama Kuala Lumpur 4

6 3. You can also direct your complaint to the SC even if you have initiated a dispute resolution process with SIDREC. To make a complaint, please contact the SC s Investor Affairs & Complaints Department: (a) via phone to the Aduan Hotline at : (03) (b) via fax to : (03) (c) via to : aduan@seccom.com.my (d) via online complaint form available at : (e) via letter to : Investor Affairs & Complaints Department Securities Commission Malaysia No 3 Persiaran Bukit Kiara Bukit Kiara Kuala Lumpur 4. FiMM s Complaints Bureau: (a) via phone to : (03) (b) via fax to : (03) (c) via to : complaints@fimm.com.my (d) via online complaint form available at : (e) via letter to : Legal, Secretarial & Regulatory Affairs Federation of Investment Managers Malaysia , 6th Floor Wisma Tune No. 19, Lorong Dungun Damansara Heights Kuala Lumpur 5

7 This page is left blank intentionally

8