March 15, 2009

Hwang-DBS US Access 80

Hwang-DBS Investment Management launched a new mixed asset fund that aimed to provide capital growth through exposure to US S & P 500 index using 20% of the fund size while trying to conserve capital via a minimum of 80% of the fund invested in cash or money market funds. The summary of the fund is as below:
  • Sales charge: Up to 3.5%
  • Management fee: 1.2%
  • Switching fee: 1% of NAV
  • Redemption fee: Up to 1% if redeemed in 6 months
  • Initial investment: RM1000
  • Minimum additional investment: RM 100

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