Asset Growth Fund

The fund seeks to achieve income and growth of the fund’s value in US Dollar terms, through investment in other mutual funds (Underlying Funds).

The fund will primarily invest in two categories of Underlying Funds, with at least 55% of its net assets in equity-oriented Underlying Funds and at least 10% of its net assets in bond-oriented Underlying Funds. The investment manager may change the funds allocation between the bond-oriented and equity-oriented Underlying Funds based on its market and economic outlook. The bond-oriented Underlying Funds may be issued by corporations and governments, both higher rated and lower rated investments, located anywhere in the world with a maximum of 10% exposure to emerging markets. The fund may also invest in asset-backed securities, which are bonds that provide the bondholder with regular payments dependent on the cash-flow arising from a specified pool of assets such as interest and capital from mortgages or car loans.

The equity-oriented Underlying Funds will be diversified across countries, industries, and capital scales with a maximum of 10% exposure to emerging markets. The fund may purchase Underlying Funds investing in property.