You’ll be given the Statements, which entails the following information to keep track of your investments.
- Portfolio Holding
- Transactions Completed During the Period
- Financial Reports
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You may invest in unit trusts by the conventional way and walk in to our business office at Astute Fund Management Berhad, 3rd Floor, Menara MBSB, 46 Jalan Dungun, Damansara Heights, 50490 Kuala Lumpur or submit your applications through our unit trust consultants.
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Please carefully consider the fund's investment objectives, risks, fees, charges and expenses before investing. For this and other information, call or write to AFMB for a free prospectus, or view one online. Read it carefully before you invest or send money.
Applicant should be 18 years old and above at the date of the application.
We recommend that you read and understand the contents of the respective fund's prospectus/supplemental prospectus (if any), product highlights sheet (“PHS”) or information memorandum / replacement information memorandum before investing in any of the funds. A copy of the funds' prospectus / supplemental prospectus (if any), PHS or information memorandum / replacement information memorandum featured in this Website has been registered or lodged with the Securities Commission Malaysia.
Copies of the prospectus/supplemental prospectus (if any), PHS or information memorandum / replacement information memorandum are available at our representative office at Astute Fund Management Berhad, 3rd Floor, Menara MBSB, 46 Jalan Dungun, Damansara Heights, 50490 Kuala Lumpur.
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For Fund(s) with a Prescribed Period,
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Unit Trust is a form of collective investment that allows investors with similar investment objectives to pool their funds to be invested in a portfolio of securities or other assets.
A professional fund manager then invests the pooled funds in a portfolio which may include the asset classes listed below:
Cash
Commodities
Shares
Properties
Bonds & Deposits
Unit holders do not own the securities in the portfolio directly. Ownership of the fund is divided into units of entitlement. As the fund increases or decreases in value, the value of each unit increases or decreases accordingly. The number of units held depends on the unit purchase price at the time of investment and the amount of money invested.
The return on investment of unit holders is usually in the form of income distribution and capital appreciation, derived from the pool of assets supporting the unit trust fund. Each unit earns an equal return, determined by the level of distribution and/or capital appreciation in any one period.
Unit trust investors are typically those with savings to invest, who neither have the time nor the inclination to hold portfolios of direct investments or shares. Rather, they prefer to invest in a secure, reputable investment vehicle which suits their purposes. Unit trusts allow investors to have easy access to a wide range of investments not normally available to them.
As investors seek to maximise returns on their financial resources, unit trusts may provide an ideal way for them to gain exposure to investments that, in the long run, may produce returns superior to cash savings and fixed deposit investments.
The cost of these potentially higher returns is of course the risk that accompanies the investment. In the short term, the certainty of investment returns of most unit trust products is less than those offered by fixed deposits. However, in the medium to long term (i.e. 3-20 years), unit trust investments may provide better returns at acceptable levels of risk.
For an individual to maintain his own portfolio of investments, he needs to keep up to date with market information and sentiments. In today’s sophisticated financial markets, this means having to embrace a wide range of information from a plethora of sources. For many individual investors, this is difficult, if not impossible and at times, very frustrating as they attempt to ‘keep on top’ of the information pile.
Investing in unit trusts transfers most of the necessary ‘know-how’ of investing to those best equipped to handle it – the professional fund managers. There are a number of other substantial benefits of investing in unit trusts that should be noted.
Learn more
Unit trusts are very affordable. Investors can start with an investment amount as low as RM200 (regular savings plan).
Instead of owning 1-2 securities, a portfolio of market securities can be held. The wider the spread of investments, the less volatile the investment returns will be. In simple terms, investing in a unit trust means a diversification of risk i.e. not putting all your eggs in one basket.
Most investors prefer their investments to be liquid. That is, they can easily buy and sell without difficulties. Unit trusts can be easily bought and sold. An investment that cannot be “cashed-in” (i.e. sold) constitutes an additional risk factor for the investor.
The people entrusted to manage unit trusts are approved professionals. Their training and background ensures that their decision making is structured and consistent with sound investment principles. In the process, unit trust funds benefit from the depth of knowledge and experience that a fund manager can bring.
For the individual investor, it is sometimes difficult to gain exposure to a particular asset class. For instance, if an investor with RM5,000 wants to gain exposure to the Malaysian property market, global equity markets and the Malaysian bond market simultaneously, this would be difficult to achieve. With unit trust investments, it is possible to gain exposure to arrange of sectors for a gwen sum of investment.
When making direct investments on Bursa Malaysia, the investor faces costs and charges that are much higher. With unit trusts, the economics of the transaction are more favourable i.e. the fees and charges/brokerage etc. per investment Ringgit are likely to be less. As the fund manager invests in larger amounts, they are able to get access to better rates and products. For instance, unlike unit trust funds, most individual investors cannot have direct access to the Malaysian Government Security market because, amongst other reasons, the amount of each transaction could run into millions of Ringgit.
The unit trust industry is governed by the Securities Commission Malaysia and bodies such as Federation of Investment Managers Malaysia (FIMM). There are wide-ranging rules and guidelines which are aimed at protecting the interest of the investing public.
Explore multiple investment plans of your interest and learn the application forms and documents you’ll need to get started.
Learn more
*Certified True Copy by company secretary
Cut-off time for Cash Investment: before 4pm
Cut-off time for EPF Investment Schemes: before 12pm
Cut-off time for Money Market's Cash Investment: before 10am
All applications for buying and selling of Units and any other requests should be sent directly to our office with details as follows:
Business Office:
Astute Fund Management Berhad
3rd Floor, Menara MBSB,
46, Jalan Dungun,
Damansara Heights,
50490 Kuala Lumpur.
Tel: (603) 2095 9999
Fax: (603) 2095 0693
Email: enquiry@astutefm.com.my
Alternatively, investors can purchase Units of the Funds with any of our appointed consultants who have registered with the "FIMM" and issued with FIMM authorisation cards.
Cheques and bank drafts must be drawn on a bank located in RM, crossed and made payable to “Astute Fund Management Berhad - Clients Trust Account” and attached to the application. Post-dated cheques will not be accepted. Any charges arising due to returned cheque from the investor will be borne by the investor.
Telegraphic transfers should be remitted in RM to any of the bank accounts stated below. A copy of the receipt from the forwarding bank must be sent together with the application. Please note that any bank charges and /or other fees levied by the remitting bank for undertaking a telegraphic transfer shall be borne by the investor.
Account Name : Astute Fund Management Berhad - Clients Trust Account
Bank details :
Maybank Islamic Berhad
100 Jalan Tun Perak
Kuala Lumpur.
Account No: 5640-1662-7254
Cash and cheque can be deposited directly into the bank account at any branch of Maybank Islamic Berhad, using the account numbers stated above. However, for cash deposit, additional information will be required from the investor by the Manager to ensure compliance with the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
A copy of the pay-in slip must be sent together with investor’s application, either by fax or post. Any incomplete pay-in slip will not be executed. Please note that the instruction to purchase Units will be executed on the date on which the completed documents are received or deemed received by the Manager.
Once you’ve started investing, tracking and monitoring your investment are important. Keep yourself updated through the documents below.
You’ll be given regular statements to help you keep track of your investments. Please see “What Will You Receive”.
Publication of Prices
You’ll be given the Statements, which entails the following information to keep track of your investments.
Publication of Prices
Fund performance rankings as evaluated by independent performance measurement firms are available in certain financial publications. While the Manager will ensure the accuracy and the availability of the prices to the press for publication, the Manager, however, will not be held liable for any error or omission in prices finally published in the press as this is beyond the Manager’s realm of control. In the event of any conflict between the prices published by the press and the prices quoted by the Manager, the Manager’s quotes shall prevail. Unit holders/Investors may also obtain the latest information on FBM KLCI and other important news on FBM KLCI via our website at www.astutefm.com.my
| Type of Transaction | What Will You Receive |
|---|---|
| Opening Master Account | Confirmation of Master Account Details |
| Investment with sales charge | Tax Invoice |
| Investment without sales charge | Confirmation Advice Slip |
| Redemption with sales charge | Tax Invoice |
| Redemption without sales charge | Confirmation Advice Slip |
| Switching with sales charge | Tax Invoice |
| Switching without sales charge | Confirmation Advice Slip |
| Transfer | Transfer Advice and Tax Invoice |
Statements
We provide investors with Interim and Annual Funds Report together with the Portfolio Holding Statement. For EPF investors, Portfolio Holding Statement will be provided on a Quarterly basis. The statements include the following:
Portfolio Holding:
It summarises the current Unit holding on the last Business Day of that financial year.
Transactions Completed During the Period:
It provides a detailed description of all transactions that have been completed during the statement period.
Financial Reports:
The audited annual financial reports will be sent to Unit holders within two months of the financial year-end. In addition, the unaudited interim financial report will be sent to Unit holders within two months of the end of the interim period the Fund cover.
The Risks of Investing in Unit Trusts
Prior to making an investment, investors should consider the following risk factors in additional to the other information set out in this Master Prospectus.
Investments of the fund in any countries may be affected by changes in the economic and political climate, restriction on currency repatriation or other developments in the law or regulations of the countries in which the fund invests in. For example, the deteriorating economic condition of such countries may adversely affect the value of the investments undertaken by the fund in those affected countries. This in turn may cause the net asset value of the fund or prices of units to fall.
This risk refers to the day-to-day management of the fund by the manager which will impact the performance of the fund. For example, investment decisions undertaken by the manager, as a result of an incorrect view of the market or any non-compliance with internal policies, investment mandate, the deed, relevant law or guidelines due to factors such as human error or weaknesses in operational process and systems, may adversely affect the performance of the fund.
Non-adherence with laws, rules, regulations, prescribed practices, internal policies and procedures may result in tarnished reputation, limited business opportunities and reduced expansion potential for the management company. Unit holders’ investment goals may also be affected if the fund manager does not adhere to the investment mandate. Compliance unit of the management company, which oversees the entire compliance matters of the management company, will mitigate such risk.
This risk occurs when investors take a loan/financing to finance their investment. The inherent risk of investing with borrowed money includes investors being unable to service the loan repayments. In the event units are used as collateral, an investor may be required to top-up the investors’ existing instalment if the prices of units fall below a certain level due to market conditions. Failing which, the units may be sold at a lower net asset value per unit as compared to the net asset value per unit at the point of purchase towards settling the loan.
There is no guarantee on the investment returns to unit holders. Unlike fixed deposits which carry a specific rate of return, the fund does not provide a fixed rate of return.
This is the risk that investors’ investment in the unit trust fund may not grow or generate income at a rate that keeps pace with inflation. This would reduce investors’ purchasing power even though the value of the investment in monetary terms has increased.
Liquidity risk refers to the ease of liquidating an asset depending on the asset’s volume traded in the market. If the fund holds assets that are illiquid, or are difficult to dispose of, the value of the fund will be negatively affected when it has to sell such assets at unfavourable prices.
A future is similar to an option, except that with futures, investors must exercise their right to purchase the underlying financial instrument or commodity at the settlement date. Hence, the downside risk is basically unlimited because investors are obligated to fulfill their end of the transaction regardless of how market prices move. A futures contract is an agreement to transact at a later date. Because of this, it is important to sell the contract before the settlement date. That way, investors can avoid having a truckload of commodities delivered to their doorstep on the day of the settlement.
Credit risk relates to the creditworthiness of the issuers of the debt instruments and their expected ability to make timely payment of interest and/or principal. Any adverse situations faced by the issuer may impact the value as well as liquidity of the debt instrument. In the case of rated debt instruments, this may lead to a credit rating downgrade. Default risk relates to the risk that an issuer of a debt instrument either defaulting on payments or failing to make payments in a timely manner which will in turn adversely affect the value of the debt instruments. This could adversely affect the value of the fund.
Market risk refers to the possibility that an investment will lose value because of a general decline in financial markets, due to economic, political and/or other factors, which will result in a decline in the Fund’s NAV.
Prices of a particular stock may fluctuate in response to the circumstances affecting individual companies such as adverse financial performance, news of a possible merger or loss of key personnel of a company. Any adverse price movements of such stock will adversely affect the Fund’s NAV.
Warrants have a limited life, as denoted by the expiry date of each issue. After this date, warrants can no longer be traded or exercised. Hence, the warrants are worthless after their expiry date. It must also be noted that warrants experience time decay (erosion of their time value) throughout their life, and that the rate of this decay accelerates as warrants near expiry.
The Fund will generate a negative return whenever the stock market is bearish. To minimise the negative return, the fund manager will reduce the exposure of equity investment in the Fund.
This risk refers to the risk that the currently held Shariah-compliant equities in the Fund may be reclassified as Shariah non-compliant in the periodic review of the equities by the SACSC, the Shariah adviser or the Shariah boards of the relevant Islamic indices. If this occurs, the Manager will take the necessary steps to dispose such equities. There may be opportunity loss to the Fund due to the Fund not being allowed to retain the excess capital gains derived from the disposal of the Shariah non-compliant equities.
Dividend stocks may declare less-than-expected dividend payment. This may happen due to an unfavourable business condition. In this regard, the fund manager will dispose the dividend stocks if the dividend payments are no longer deemed attractive.
As the investments of the Fund may be denominated in currencies other than the base currency, any fluctuation in the exchange rate between the base currency and the currencies in which the investments are denominated may have an impact on the value of these investments. Investors should be aware that if the currencies in which the investments are denominated depreciate against the base currency, this will have an adverse effect on the NAV of the Fund in the base currency and vice versa. Investors should note that any gains or losses arising from the fluctuation in the exchange rate may further increase or decrease the returns of the investment.
Investments of the Fund in any countries may be affected by changes in the economic and political climate, restriction on currency repatriation or other developments in the law or regulations of the countries in which the Fund invests in. For example, the deteriorating economic condition of such countries may adversely affect the value of the investments undertaken by the Fund in those affected countries. This in turn may cause the NAV of the Fund or prices of Units to fall.
While the Fund does not intend to actively trade in derivatives, the Manager may enter into forward contracts to hedge the Fund’s positions. Unit holders should be aware that there is a risk of higher volatility in the NAV per Unit of the Fund when derivatives or structured products are part of the Fund’s investment assets. Any change in the aforesaid factors would either positively or negatively impact the value of the investment.
Interest rate risk refers to the impact of interest rate changes on the valuation of debt instruments. When interest rates rise, debt instruments prices generally decline and this may lower the market value of the Fund’s investment in debt instruments. The reverse may apply when interest rates fall. In order to mitigate interest rate risk, the Manager will need to manage the debt portfolio by taking into account the coupon rate and time to maturity of the debt instruments.
Credit risk relates to the creditworthiness of the issuers of the debt instruments and their expected ability to make timely payment of interest and/or principal. Any adverse situations faced by the issuer may impact the value as well as liquidity of the debt instrument. In the case of rated debt instruments, this may lead to a credit rating downgrade.
Charges, Fees and Expenses
There may be direct and indirect fees and charges, which may be incurred as part of the cost of investing in a unit trust. When subscribing to the Units, there may be a sales charge incurred. For redeeming the Units, there may be a redemption charge incurred. When investing in a unit trust fund, an investor may also indirectly incur fees and expenses such as management and trustee fees. Hence, investors are advised to consider the fees and charges before investing in a Fund.
Switching Fee
You may switch out of the Fund into another fund managed by the Manager. Units will be redeemed at the buying price, and invested into the new fund at the NAV. Three free switches per account are allowed in each calendar year. Subsequent switches will be charged a 1% of redemption moneys for administrative purpose.
Transfer Fee
A fee of MYR5.00 will be charged for each transfer.
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