I was attending the launch of Pacific Mutual’s latest fund yesterday at the Le Meridien Hotel at KL Sentral. Well, try not to park in there- First hour RM 6.00 and subsequent hours RM 4.00, and I don’t see any part of the car park being paved with gold.
The Edge Daily on Pacific S&P Global STARS…
“We believe we can achieve double-digit returns as the timing of the fund is quite fortuitous in that we are coming into the market after a correction,� its chief executive officer Michael Auyeung said.
“While take-up rate is not a major concern for us where this fund is concerned, we are confident it will be eagerly accepted by investors, especially since the Federal Reserve (Fed) has said it is likely to pause rate hikes,� Auyeung told a press conference after the launch yesterday.
The fund is primarily based on the S&P Stock Appreciation Ranking System (STARS), the Fund will invest in global stocks that are ranked 3 to 5-STARS, where 4 and 5-STARS are the rankings with what is believed to be the greatest potential to outperform their benchmarks over the coming 12 months.
Hence the objective is that by following this strategy the Fund seeks to generate good capital growth potential (see the chart below).
Now, let’s get into the key information of the fund:
Fund Profile: Pacific S&P Global STARS Fund is a fairly aggressive equity growth fund that invests in global investment markets.
Investment Objectives: Aims to provide capital growth and some income in the medium to long term by investing in a portfolio of global securities.
Investment Strategy: The Manager selects a portfolio of global securities that have good growth potential with minimum 75% of its equity holdings invested in stocks ranked as 3, 4 or 5-STARS in the S&P Stock Appreciation Ranking System (STARS).
Income Distribution: If any, once a year.
Unit Split: If any, once a year.
Financial Year End: 30th September
Well, that’s some overview of the latest fund from Pacific Mutual Fund Berhad. Feel free to drop me an enquiry for further information.
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