Yet another offshore fund in the market.
A feeder fund is basically a local fund that is being invested in a master fund (offshore). In this case the master fund would be the M&G Global Basics Fund, while the Prudential Global Basics Fund would be the onshore fund that rides on it.
You might want to read these too...The Prudential Global Basics Fund launched at Wednesday’s ceremony is an offshore equity feeder fund, which invests 95% to 99% of its net asset value in the M&G Global Basics Fund.
The M&G Global Basics Fund is a Euro2.944mil global equity fund with a focus in basic and secondary industries banking on demand growth in developing countries to maximize long-term capital appreciation.
M&G, the manager of the M&G Global Basics Fund is the European fund management arm of the Prudential group with a total of Euro 234bil under management.
Prudential will be offering 400 million units of the Prudential Global Basics Fund at 50 sen each, with a minimum initial investment of RM5,000 and subsequent investment of at least RM500.
The initial offer period is from Jan 17 to Feb 6
Can Wealth Last 3 Generations by Ong Eu Jin
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