CIMB-Principal Global Asset Spectra Fund (formerly Global Asset Spectra Fund)
Fund Type: Fund-of-Funds / Growth
The Fund aims to provide capital growth over the medium to long term through investments in a diversified portfolio of local and/or foreign collective investment schemes (including exchange-traded funds).
- have a long term investment horizon;
- seek a well-diversified investment portfolio across different asset classes with a focus on developed markets;
- are seeking a flexible and dynamic asset allocation, with increased asset universe as opposed to a conventional fund;
- want to invest in established and proven funds managed by renowned international fund managers;
- want access to markets that would otherwise be unavailable or difficult for an individual to invest in; and/or
- are willing to take higher risk for potentially higher capital appreciation.
| Application Fees |
Up to 6.5% on each investment |
|
Annual Fees |
Management Fee: 1.80% per annum of the NAV |
| |
Trustee Fee: 0.07%* per annum of the NAV
* Subject to a minimum fee of RM18,000 per annum. |
| Switching Fees |
Since switching is treated as a withdrawal from one (1) fund and an investment into another fund, you will be charged a Switching Fee equal to the difference (if any) between the Application Fees of these two (2) funds. In addition, the Manager imposes a RM100 administrative fee for every switch made out of a Fund. However, this RM100 administrative fee is waived for the first four (4) switches out of a Fund in every calendar year. The Manager also has the discretion to waive the Switching Fee and/or administrative fees. |
| Distribution Policy |
Given its investment objective , the Fund is not expected to pay any distribution. |
|
Investment Time Horizon |
Recommended 5 years or more |
| Initial Investment |
Minimum RM500 |
| Additional Investment |
RM200 or more at any time |
| Cooling off period |
You have six (6) Business Days after your initial investment (i.e. the date the application is received by CIMB-Principal) to reconsider its appropriateness for your needs. Within this period, you may withdraw your investment at the NAV per unit on the day the units were first purchased and have the Application Fee (if any) repaid. Please note that the cooling-off right is only given to an investor who is investing with CIMB-Principal or any Approved Distributor for the first time. However, corporations/institutions, CIMB-Principal’s staff and person(s) registered to deal in unit trust of CIMB-Principal or any Approved Distributor are not entitled to the cooling-off right.
However, investors who invest via the EPF Members Investment Scheme (where available) are subject to EPF’s terms and conditions. |
| Redemption/Withdrawal |
RM200 or 400 units |
| Launch Date |
13 November 2006 |
| Approved Fund Size (units) |
400 million units |
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