Areca Recovery Growth Fund
Areca Recovery Growth Fund Factsheet as at 30 April 2012
Fund Information
| Fund name | Areca Recovery Growth Fund |
|---|---|
| Fund Category/Type | Equity / Aggressive Growth |
| Objective of the Fund | To provide investors with potentially high capital growth over the tenure of the Fund, capitalizing on the current lows of stock markets in the Asia-US regions and to give investors an opportunity to recover from losses arising from the recent financial crisis. |
| Launch Date | 12 March 2010 |
| Approved Fund Size | 500 million units |
| Risk Barometer | High |
Fee & Expenses
| Annual Management Fee | 1.60% p.a. of the NAV of the Fund |
|---|---|
| Annual Trustee Fee | 0.08% p.a. of the NAV of the Fund, subject to a minimum of RM18,000 per annum (excluding foreign custodian fees and charges). |
Charges
This table describes the charges and fees that you may incur when you buy or redeem Units of the Fund.
Entry Fee
| Distribution Channels | Maximum Entry Fee |
|---|---|
| Direct Investment through the Management Company | Up to 1.0% of the amount invested. |
| Third party distributors including appointed Institutional Unit Trust Advisers | Up to 2.3% of the amount invested. |
Investor may negotiate with the distributors for lower charges subject to the respective channels’ decision.
Exit Fee
Investors who liquidated their Units during the tenure of the Fund (before the Termination Date) are subjected to an exit fee. An exit fee equivalent to 30% of the total returns, to be computed on the liquidation day (T day) shall be imposed, of which 10% shall be credited to the Fund’s account and the remaining 20% shall be retained by the Manager. No exit fee will be charged if the investment is liquidated at a loss.
Transactions
| Minimum Investment | RM10,000 for direct investment through the Management Company and RM2,000 for investment through third party distributors including Institutional Unit Trust Adviser or such other limit at the Management Company’s discretion. |
|---|---|
| Minimum Partial Liquidation | RM1,000 or 2,000 Units, or such other limit at the Management Company’s discretion. |
| Minimum Balance | 10,000 Units or such other limit at the Management Company’s discretion. |
| Liquidation notice/frequency and payments | Any Business Day/Unlimited. Payments will be made within 10 days from the day the duly completed liquidation form is received by the Management Company. |
| Liquidation and payments upon Maturity/ Termination Date | Payments will be made within 30 days from Maturity/Termination Date. However, investors who wish to reinvest into Areca incomeTRUST Fund can do so by submitting an investment application to the Manager 3 Business Days prior to Maturity Date. The Manager will re-invest the maturity proceeds in the said fund without any entry fee within 30 days from the Maturity Date. |
| Cooling Off Period | 6 Business Days from the date of application of units – Full refund. Applicable on initial investment by new investors only. Not applicable to a corporation or institutional, a staff of the Management Company and persons registered with a body approved by the SC to deal in unit trusts. |
| Switching Facility | Not available for the Fund. |
| Distribution of Income | No distribution of income will be made for this Fund prior to the Termination Date. |
| Unclaimed monies | Any money payable to Unit Holder which is unclaimed for more than 1 year after the amount becomes payable will be dealt with by the Manager in accordance with the requirements of Unclaimed Money Act 1965. |
In the event of any discrepancies, the Prospectus shall prevail.