AFFIN HWANG ASSET MANAGEMENT BERHAD

CORPORATE INFORMATION

affin-hwangAffin Hwang Asset Management Berhad, (formerly known as Hwang Investment Management Berhad) is one of Malaysia’s largest and fastest-growing independent investment house and is consistently positioned amongst the country’s top players. Since its inception in 2001, the entity has received over 40 awards and accolades from renowned rating agencies and reputable publications for its achievements and outstanding performance.

Affin Hwang Asset Management’s products and services are catered to a broad spectrum of clients; from high net-worth individuals to retail and institutional investors, offering Conventional and Shariah unit trust funds, cash management solutions, discretionary and non-discretionary mandate and private retirement scheme. Affin Hwang Asset Management’s investment philosophy is premised on delivering absolute return performance. It defines absolute return performance as, delivering positive performance through various market conditions (and not merely outperforming the benchmark).

For detailed information on the PRS Scheme, please refer to the PRS Provider’s Disclosure Document & Product Highlights Sheet. www.affinhwang.com

SCHEME AND FUND INFORMATION

Default & Self Selection

Please read the scheme’s disclosure document before deciding to make a contribution. If you do not have a copy, please contact the PRS Provider to ask for one or click here to go the PRS Provider’s page

Investment Objective To provide Members with a Fund that preserves# capital for their retirement needs

.#The Fund is not a capital guaranteed nor a capital protected fund.

Fund Category Core (Conservative)
Investment Strategy To provide Members with a Fund that facilitates preservation# of capital for their retirement needs, the Fund will be investing primarily in fixed income instruments (including money market instruments) such as bonds, private debt securities, commercial papers and other permitted investments as listed under Section 5.8 of the Disclosure Document, which will be at a minimum of 80% of the Fund’s NAV. The Provider will mainly focus on investments in fixed income instruments with a minimum of BBB- / P2 ratings by RAM or its equivalent. The Provider may also invest in fixed income instruments that are unrated (subject to the Provider’s internal credit analysis) and fixed income instruments that are rated below the BBB- / P2 ratings by RAM or its equivalent. To manage the risks posed by these types of fixed income instruments, the exposures will be capped at 5% of the Fund’s NAV. To enhance returns, the Fund may be investing in dividend paying equities. Exposure in equities will be within the domestic equity market and will be capped at a maximum of 20% of the Fund’s NAV.

#The Fund is not a capital guaranteed nor a capital protected fund.

Asset Allocation Equities and equity-linked instruments Minimum of 0% to maximum of 20% of the NAV of the Fund
Fixed income instruments (including money market instruments) Minimum of 80% to maximum of 100% of the NAV of the Fund.

Note: The Provider will maintain a minimum of 20% of the Fund’s NAV in money market instruments at all times.

Performance Benchmark Maybank 12-month Fixed Deposit Rate
Member Profile (i) Suitable for Members who are generally conservative and risk averse;
(ii) If under the Default Option, you are in the age group of fifty (50) years old and above.
Please read the scheme’s disclosure document before deciding to make a contribution. If you do not have a copy, please contact the PRS Provider to ask for one or click here to go the PRS Provider’s page

Investment Objective The Fund seeks income and capital growth from its investments to facilitate the accumulation of retirement savings# for Members’ retirement needs.

#The Fund is not a capital guaranteed nor a capital protected fund.

Fund Category Core (Moderate)
Investment Strategy The Fund will be investing into a portfolio which will mainly consist of dividend paying equities and fixed income instruments to achieve income and capital growth. The Fund’s portfolio may also include foreign equities exposure to increase the portfolio’s investment opportunities. The Fund’s exposure into the equity markets will be capped at a maximum of 60% of the Fund’s NAV. The Fund will also have a minimum of 40% of its NAV investing in both local and foreign fixed income instruments such as government bonds, treasury bills, private debt securities and other permitted investments as listed in Section 5.8 of the Disclosure Document. The Provider will invest in fixed income instruments with a minimum of BBB- / P2 ratings by RAM or its equivalent. However, the Provider may also take on exposure of fixed income instruments that are unrated (subject to the Provider’s internal credit analysis) and fixed income instruments that are rated below the BBB- / P2 ratings by RAM or its equivalent. To manage the risks posed by these types of fixed income instruments, the exposures will be capped at 30% of the Fund’s NAV. The Provider will remain focused on a stringent credit selection process to reduce potential volatility and credit default risk.
Asset Allocation Equities and equity-linked instruments Minimum of 0% to maximum of 60% of the NAV of the Fund
Fixed income instruments Minimum of 40% to maximum of 100% of the NAV of the Fund
The Provider will maintain a sufficient level of cash or cash equivalent for liquidity purposes.
Performance Benchmark 30% FTSE Bursa Malaysia Top 100 Index + 30% Dow Jones / Asia Pacific Select Dividend 30 Index + 40% Maybank 12-Month Fixed Deposit Rate
Member Profile (i) Suitable for Members who:

  • seek potential capital growth; and
  • have moderate risk tolerance.

(ii) If under the Default Option, you are in the age group of between forty (40) to below fifty (50) years old.

Please read the scheme’s disclosure document before deciding to make a contribution. If you do not have a copy, please contact the PRS Provider to ask for one or click here to go the PRS Provider’s page

Investment Objective To facilitate the accumulation of retirement savings# by Members for their retirement needs, the Fund aims to generate capital growth.

# The Fund is not a capital guaranteed nor a capital protected fund

Fund Category Core (Growth)
Investment Strategy To achieve the objective of generating capital growth, the Fund will invest in a portfolio of mixed assets. Because of the Fund’s relatively aggressive nature, the Fund will be investing in a portfolio of growth biased equities to achieve capital growth. The Fund’s exposure into the equity markets will be capped at a maximum of 70% of the Fund’s NAV and it may include foreign exposure to increase the portfolio’s investment opportunities.The Fund will also have a minimum of 30% of its NAV investing in both local and foreign fixed income instruments such as government bonds, treasury bills, private debt securities and other permitted investments as listed in Section 5.8 of the Disclosure Document. The Provider will mainly invest in fixed income instruments with a minimum of BBB- / P2 ratings by RAM or its equivalent. However, the Provider may also take on exposure in fixed income instruments that are unrated (subject to the Provider’s internal credit analysis) and fixed income instruments that are rated below the BBB- / P2 ratings. To manage the risks posed by these types of fixed income instruments, the exposures will be capped at 30% of the Fund’s NAV. The Provider will remain focused on a stringent credit selection process to reduce potential volatility and credit default risk.
Asset Allocation Equities and equity-linked instruments Minimum of 0% to maximum of 70% of the NAV of the Fund
Fixed income instruments Minimum of 30% to maximum of 100% of the NAV of the Fund
The Provider will maintain a sufficient level of cash or cash equivalent for liquidity purposes.
Performance Benchmark 35% FTSE Bursa Malaysia Top 100 Index + 35% MSCI AC Asia ex Japan Index + 30% Maybank 12-Month Fixed Deposit Rate.
Member Profile (i) Suitable for Members who:

  • seek potential capital growth; and
  • are risk tolerant.

(ii) If under the Default Option, you are in the age group of below forty (40) years old.

Other Self Selection

Please read the scheme’s disclosure document before deciding to make a contribution. If you do not have a copy, please contact the PRS Provider to ask for one or click here to go the PRS Provider’s page

Investment Objective To facilitate the accumulation of Shariah-compliant retirement savings# by Members for their retirement needs, the Fund aims to generate capital growth through investments in a collective investment scheme that invests primarily in Shariah-compliant equities.

#The Fund is not a capital guaranteed nor a capital protected fund.

Fund Category Feeder (Equity)
Investment Strategy To achieve the objective of generating capital growth, 95% to 100% of the Fund’s NAV will be invested in a single collective investment scheme, namely the Hwang AIIMAN Growth Fund (“AGF”) that invests primarily in Shariah-compliant equities.
Asset Allocation Shariah based collective investment scheme namely the Hwang AIIMAN Growth Fund Minimum of 95% to maximum of 100% of the NAV of the Fund
The Provider will maintain a sufficient level of cash or cash equivalent for liquidity purposes.
Performance Benchmark FTSE Bursa Malaysia Emas Shariah Index
Member Profile Suitable for Members who:

  • seek potential capital growth; and
  • are risk tolerant.
Please read the scheme’s disclosure document before deciding to make a contribution. If you do not have a copy, please contact the PRS Provider to ask for one or click here to go the PRS Provider’s page

Investment Objective To facilitate the accumulation of Shariah-compliant retirement savings# by Members for their retirement needs by generating income and capital growth through Shariah-compliant investments.

# The Fund is not a capital guaranteed nor a capital protected fund.

Fund Category Mixed Asset (Income & Growth)
Investment Strategy The Fund will invest into a portfolio of Shariah-compliant equities and Shariah-compliant fixed income instruments to achieve income and capital growth. The Fund’s exposure into Shariah-compliant equities will be capped at a maximum of 60% of the Fund’s NAV.

The Fund will also have a minimum of 40% of its NAV investing in Shariah-compliant fixed income instruments such as Sukuk, Islamic money market instruments, Shariah-compliant fixed deposits with Financial Institutions and other permitted investments as listed in 5.10 in the disclosure document.

The Fund may also invest into a basket of collective investment schemes (CIS). As permitted by SC, the Fund can invest up to 95% of its NAV in a single CIS for a period of five years from the date the Fund is launched or until the Fund reaches a size of RM200 million (whichever comes first). The Provider will ensure that the investments will be in a CIS that has similar investment objective to the Fund’s investment objective, and it will be confined to only those managed by the Provider.

Asset Allocation Asset Class Range in % of Fund’s NAV
Shariah-compliant equities Minimum of 0% to maximum of 60%
Shariah-compliant fixed income instruments Minimum of 40% to maximum of 100%
Performance Benchmark 60% FTSE Bursa Malaysia EMAS Shariah Index
40% Maybank 12-Month General Investment Account (GIA) Rate
Member Profile Suitable for Members who:

  • seek Shariah-compliant investments;
  • seek potential income and capital growth; and
  • have moderate risk tolerant.

CONTRIBUTIONS & WITHDRAWALS

There are fees and charges involved and you are advised to consider them before contributing to the scheme.

Affin Hwang PRS Conservative Fund Affin Hwang PRS Moderate Fund Affin Hwang PRS Growth Fund Affin Hwang Aiiman PRS Shariah Growth Fund Affin Hwang Aiiman PRS Shariah Moderate Fund
Minimum contribution Initial – RM100.Subsequent – RM50.
Minimum withdrawal No minimum withdrawal

FEES & CHARGES

There are fees and charges involved and you are advised to consider them before contributing to the scheme.

Affin Hwang PRS Conservative Fund Affin Hwang PRS Moderate Fund Affin Hwang PRS Growth Fund Affin Hwang Aiiman PRS Shariah Growth Fund Affin Hwang Aiiman PRS Shariah Moderate Fund
Sales charge Not applicable.
Redemption charge Not applicable.
Switching fee (between funds in this Scheme) Not applicable.
Switching Fee (between funds in another PRS managed by the PRS Provider) Not applicable.
Transfer fee (to another PRS provider) RM25 for each transfer request to another PRS provider.
Annual management fee (*) Up to 1.3% per annum of the NAV of the Fund Up to 1.5% per annum of the NAV of the Fund Up to 1.8% per annum of the NAV of the Fund Up to 1.8% per annum of the NAV of the Fund Up to 1.5% per annum of the NAV of the Fund
Annual scheme trustee fee (*) 0.04% per annum of the NAV of the Fund (excluding foreign custodian fees and charges, if any).
Annual PPA administration fee (*) 0.04% per annum of the NAV of the Fund.
(*) Effective 1 April 2015, Goods and Services Tax (GST) will be applicable to the fees stipulated above.

RISKS DISCLOSURE

You are advised to read the scheme’s disclosure document and understand the risks involved and, if necessary, consult your professional adviser before making contributions.

General Investment Risks

Capital and returns not guaranteed, Fund Manager risk, Market risk, Inflation risk, Liquidity risk, Risk associated with default option, Risk of non-compliance, Operational risk and legal and regulatory risk.

Specific Risks of the Funds

Affin Hwang PRS Conservative Fund Affin Hwang PRS Moderate Fund Affin Hwang PRS Growth Fund Affin Hwang Aiiman PRS Shariah Growth Fund Affin Hwang Aiiman PRS Shariah Moderate Fund
Equity investment risk checkmark checkmark checkmark checkmark checkmark
Credit/default risk checkmark checkmark checkmark checkmark checkmark
Interest rate risk checkmark checkmark checkmark checkmark checkmark
Collective investment scheme risk checkmark checkmark checkmark checkmark checkmark
Equity-linked instruments investment risk checkmark checkmark checkmark checkmark checkmark
Counterparty risk checkmark checkmark checkmark checkmark checkmark
Currency risk checkmark checkmark checkmark checkmark checkmark
Country risk checkmark checkmark checkmark checkmark checkmark
Concentration risk checkmark checkmark checkmark checkmark checkmark
Fund manager risk checkmark checkmark checkmark checkmark checkmark
Shariah-compliant collective investment scheme risk checkmark checkmark checkmark checkmark checkmark
Reclassification of Shariah status risk checkmark checkmark checkmark checkmark checkmark

OTHERS

The Fund Investment Performance information is provided by Morningstar. Click here to access the Morningstar webpage.

For more information about Morningstar, go to About Morningstar.

Customer Care Consultant
Affin Hwang Asset Management Berhad
(formerly known as Hwang Investment Management Berhad)
Toll Free Number: 1-800-222-777 (PRS)
T: +60 3 2116 6000
E: customercare@affinhwangam.com