Products & Services - Wholesale Funds
Products & Services
Wholesale Funds
InterPac Dana GhaniConventional
Fund Type : Income and Growth
Fund Category : Conventional Wholesale Mixed Asset Fund
InterPac Dana Ghani (“Fund”) seeks to achieve its investment objective by investing in a diversified portfolio of investments which relies on fundamental and technical research. The investments would range from equities, warrants, call warrants, fixed income securities, money market instruments, placement of deposits, financial derivatives and collective investment schemes.
Asset allocation will depend on economic growth, interest rate trends and market liquidity conditions. Under normal market conditions, the Fund will likely hold a higher exposure in equities and/or fixed income securities. However, the Fund may reduce its exposure in equities and/or fixed income securities and increase its exposure in money market instruments and deposits when the risk reward environment turns less attractive.
InterPac Dana Ghani – Fact Sheet (PDF)
InterPac Dana Ghani – Product Highlights (PDF)
InterPac Dana Ghani – Information Memorandum (PDF)
InterPac Dana Ghani – Quarterly Report (PDF)
InterPac Dana Ghani – Annual Report (PDF)
Berjaya Mutual Global Momentum Equity FundConventional
Fund Type : Growth
Fund Category : Conventional Wholesale Equity Fund
The Fund seeks to achieve its objective mainly by investing directly or indirectly in equity and equity-related securities listed and traded on global stock exchanges. The Fund will only invest in Eligible Markets. The Fund adopts a long-term trend-following strategy with strict risk management methods that are completely systematic.
For risk management, the Manager’s strategy for the Fund may include diversifying the Fund’s investment exposures into various countries and sectors as well as asset classes. However, depending on prevailing market conditions, the Fund may concentrate its investments into a single asset class or a single investment to maximize potential return for the Fund or to minimize the Fund’s exposure to market risks. The asset allocation of the Fund may be reviewed from time to time depending on the general market and economic conditions.
Derivatives trades may be carried out for hedging purposes through financial instruments including, but not limited to, foreign currency forwards, cross currency swaps and other derivatives. These instruments may be used to hedge the principal and/or the returns of the foreign-currency denominated investments back to the Base Currency. The intention of hedging is to preserve the value of the asset from any adverse price movements. For example, to hedge against foreign currency exchange risk, the Fund may enter into a foreign currency forward contract to offset any adverse foreign currency movements by determining an agreed rate for an agreed tenure with its counterparty. While the hedging strategy will assist with mitigating the potential foreign exchange losses by the Fund, any potential foreign exchange gains from the hedging strategy will be capped as well.
The Fund adopts a commitment approach to measure the Fund’s global exposure to derivatives. The commitment approach is a methodology that aggregates the underlying market values or notional values of derivatives after taking into account the possible effects of netting and/or hedging arrangements. The Fund’s global exposure from the derivatives position must not exceed 100% of the NAV of the Fund at all times.
The Manager may undertake temporary defensive position that may be inconsistent with the Fund’s strategy by raising cash or increasing the Fund’s exposure in money market instruments, cash and/or cash equivalents, in its attempt to respond to adverse financial market conditions. The Fund will be actively managed to maximize its potential return, subject to market opportunities.
The Manager may conduct cross trades between funds which are currently under its management provided that all criteria imposed by the regulators are met. Notwithstanding the above, cross trades between the personal account of the employees of the Manager and the Fund’s account(s), and between the Manager’s proprietary trading accounts and the Fund’s account(s) are strictly prohibited. Compliance with the criteria would be monitored by the compliance unit and reported to the risk and compliance board committee of the Manager, to avoid conflict of interests and manipulation that could have a negative impact on investors.
Berjaya Mutual Global Momentum Equity Fund – Information Memorandum (PDF)
Berjaya Mutual Global Momentum Equity Fund – Product Highlights (PDF)
Berjaya Mutual Shariah Private Credit Fund IShariah-compliant
Fund Type : Income
Fund Category : Shariah-compliant Wholesale Fixed Income Fund (Closed-ended)
The Fund seeks to achieve its investment objective by investing at least 70% of its NAV in Islamic investment notes and/or Shariah-compliant fixed income securities and a maximum of 30% in liquid short-term Ringgit-denominated Islamic money market instruments, cash and/or cash equivalents. The Manager may also invest in any issuance issued by a related party issuer. In order to maximize the total return, the Fund may invest up to 100% of its NAV into Islamic investment notes for yield enhancement.
Selection of Islamic investment notes by the Manager will take into consideration both quantitative and qualitative aspects of the issuer such as financial performance, profitability metrics, business model, growth outlook and the composition of its shareholders, directors as well as key management team.
The Manager intends to hold the Islamic investment notes until its maturity or through the tenure of the Fund. However, the Manager reserves the right to deal with the Islamic investment notes in the best interest of the Unit Holders, including (but not limited to):
i) where the Manager deems that selling or unwinding such Islamic investment notes is necessary to provide the targeted investment return in order to achieve the objective of the Fund; or
ii) to manage the recovery process should there be any credit event arising from the issuer of the notes.
As there is currently no publicly available secondary market for Islamic investment notes, the Manager may engage the platform in which the notes are purchased from, to deal with the Islamic investment notes.
In addition, for Islamic investment notes that mature prior to the Maturity Date, the Manager will seek to reinvest into other Islamic investment notes for the remaining period to the maturity date of the Fund. However, in the event that the Manager is unable to find suitable replacement, the Manager will invest in other permitted Shariah-compliant investments. As such, Unit Holders should note that during this period of time, the Fund's investment may deviate from its investment strategy.
The Manager will seek to invest mainly in Islamic investment notes where the issuer is a supplier or contractor whose ultimate paymaster is the Malaysian government (including state government), its bodies, agencies and/or government linked companies (GLCs) or its subsidiaries. The value of the Fund’s holdings in Islamic investment notes issued by any issuer and any group of companies must not exceed 15% and 30% of the Fund’s NAV, respectively.
However, the Fund may deviate from such restrictions/limits and its targeted asset allocation in the following circumstances:
(1) at the initial stage of investment mobilisation where the Manager embarks on investment selection process;
(2) there is lack of attractive opportunities to invest in the Fund’s primary assets; or
(3) if such deviation is at the best interest of the Unit Holders.
The Manager may also take a temporary defensive measure that may be inconsistent with the Fund’s principal strategy in attempting to respond to adverse market conditions including economic, political or any other conditions which the Manager deem detrimental to the Fund.
Under such circumstances, the Fund may not be able to pursue its investment goal. In case of severe adversities such as global credit crunch, the Fund may favour any Shariah-compliant money market instruments to safeguard the investment portfolio of the Fund.
Berjaya Mutual Shariah Private Credit Fund I – Product Highlights (PDF)
Berjaya Mutual Shariah Private Credit Fund I – Information Memorandum (PDF)
Berjaya Mutual Shariah Private Credit Fund I – Fact Sheet (PDF)
Fund Category : Shariah-compliant Wholesale Fixed Income Fund (Closed-ended)
The Fund seeks to achieve its investment objective by investing at least 70% of its NAV in Islamic investment notes and/or Shariah-compliant fixed income securities and a maximum of 30% in liquid short-term Ringgit-denominated Islamic money market instruments, cash and/or cash equivalents. The Manager may also invest in any issuance issued by a related party issuer. In order to maximize the total return, the Fund may invest up to 100% of its NAV into Islamic investment notes for yield enhancement.
Selection of Islamic investment notes by the Manager will take into consideration both quantitative and qualitative aspects of the issuer such as financial performance, profitability metrics, business model, growth outlook and the composition of its shareholders, directors as well as key management team.
The Manager intends to hold the Islamic investment notes until its maturity or through the tenure of the Fund. However, the Manager reserves the right to deal with the Islamic investment notes in the best interest of the Unit Holders, including (but not limited to):
i) where the Manager deems that selling or unwinding such Islamic investment notes is necessary to provide the targeted investment return in order to achieve the objective of the Fund; or
ii) to manage the recovery process should there be any credit event arising from the issuer of the notes.
As there is currently no publicly available secondary market for Islamic investment notes, the Manager may engage the platform in which the notes are purchased from, to deal with the Islamic investment notes.
In addition, for Islamic investment notes that mature prior to the Maturity Date, the Manager will seek to reinvest into other Islamic investment notes for the remaining period to the maturity date of the Fund. However, in the event that the Manager is unable to find suitable replacement, the Manager will invest in other permitted Shariah-compliant investments. As such, Unit Holders should note that during this period of time, the Fund's investment may deviate from its investment strategy.
The Manager will seek to invest mainly in Islamic investment notes where the issuer is a supplier or contractor whose ultimate paymaster is the Malaysian government (including state government), its bodies, agencies and/or government linked companies (GLCs) or its subsidiaries. The value of the Fund’s holdings in Islamic investment notes issued by any issuer and any group of companies must not exceed 15% and 30% of the Fund’s NAV, respectively.
However, the Fund may deviate from such restrictions/limits and its targeted asset allocation in the following circumstances:
(1) at the initial stage of investment mobilisation where the Manager embarks on investment selection process;
(2) there is lack of attractive opportunities to invest in the Fund’s primary assets; or
(3) if such deviation is at the best interest of the Unit Holders.
The Manager may also take a temporary defensive measure that may be inconsistent with the Fund’s principal strategy in attempting to respond to adverse market conditions including economic, political or any other conditions which the Manager deem detrimental to the Fund.
Under such circumstances, the Fund may not be able to pursue its investment goal. In case of severe adversities such as global credit crunch, the Fund may favour any Shariah-compliant money market instruments to safeguard the investment portfolio of the Fund.
Berjaya Mutual Shariah Private Credit Fund I – Product Highlights (PDF)
Berjaya Mutual Shariah Private Credit Fund I – Information Memorandum (PDF)
Berjaya Mutual Shariah Private Credit Fund I – Fact Sheet (PDF)
Berjaya Amanah Income FundShariah-compliant
Fund Type : Income
Fund Category : Shariah-compliant Wholesale Fixed Income Fund
The Fund seeks to achieve its investment objective by investing in a portfolio of primarily Shariah-compliant fixed income securities. The Fund will invest a minimum of 80% of its NAV in rated/unrated Shariah-compliant fixed income securities and up to 20% in Islamic money market instruments, cash and/or cash equivalents. The Manager may also invest in a single issuance/issuer and/or issuance issued by a related party issuer. In order to maximize the total return, the Fund may invest up to 100% of its NAV in unrated Shariah-compliant fixed income securities for yield enhancement. The Manager will purchase Shariah-compliant fixed income securities with the intention of holding them until maturity. However, the Manager reserves the right to deal with the Shariah-compliant fixed income securities in the best interest of the Unit Holders, such as:
(i) in the event of deterioration in the credit profile of the issuer or instrument (including, where applicable, a credit rating downgrade for rated instruments), including but not limited to adverse changes in financial condition, repayment behaviour or business performance, or during market upheavals where the Manager is of the opinion that trading of the Shariah-compliant fixed income securities is required to protect the investment return of the Fund. Nevertheless, the Manager can continue to hold the Shariah-compliant fixed income securities despite such deterioration in credit profile or rating downgrade (where applicable) if immediate disposal of such Shariah-compliant fixed income securities would not be in the best interest of the Unit Holders; or
(ii) where the Manager deems that the trading of Shariah-compliant fixed income securities is necessary to manage risk and/or optimise portfolio performance in order to achieve the objective of the Fund.
The Manager may take a temporary defensive measure that may be inconsistent with the Fund’s principal strategy in attempting to respond to adverse market conditions, economic, political or any other conditions which the Manager deem detrimental to the Fund. Under such circumstances, the Fund may not be able to pursue its investment goal.
In case of severe adversities such as global credit crunch, the Fund may need to dispose Shariah-compliant fixed income securities in favour of Islamic money market instruments to safeguard the investment portfolio of the Fund. In the unlikely event of a credit rating downgrade, the Manager reserves the right to deal with the Shariah compliant fixed income securities in the best interest of the Fund.
Berjaya Amanah Income Fund – Product Highlight (PDF)
Berjaya Amanah Income Fund – Info Memorandum (PDF)
BM Bond Fund 1Conventional
Fund Type : Income
Fund Category : Conventional Wholesale Fixed Income Fund (Close-ended)
The Fund seeks to achieve its investment objective by investing in a portfolio of primarily fixed income securities. The Fund will invest a minimum of 80% of its NAV in rated/unrated fixed income securities and a maximum of 20% in cash and/or cash equivalents. The Manager may also invest in a single issuance/issuer and/or issuance issued by a related party issuer. In order to maximize the total return, the Fund may invest up to 100% of its NAV in unrated fixed income securities for yield enhancement.
As this is a close-ended fund, the Manager will purchase the fixed income securities with the intention of holding them through the tenure of the Fund or until maturity. However, the Manager reserves the right to deal with the fixed income securities in the best interest of the Unit Holders, such as:
(i) in the event of a credit rating downgrade or during market upheavals where the Manager is of the opinion that trading of the fixed income securities is required to protect the investment return of the Fund. Nevertheless, the Manager can continue to hold the fixed income securities despite a credit rating downgrade if immediate disposal of such fixed income securities would not be in the best interest of the Unit Holders; or
(ii) where the Manager deems that the trading of fixed income securities is necessary to provide the targeted investment return in order to achieve the objective of the Fund.
In addition, for fixed income securities that mature prior to the Maturity Date, the Manager will seek to reinvest into other fixed income securities for the remaining period to the Maturity Date. However, in the event that the Manager is not able to find suitable replacement, the Manager will invest in money market instruments. As such, Unit Holders should note that during this period of time, the Fund’s investment may deviate from the stipulated investment strategy.
BM Bond Fund 1 – Information Memorandum (PDF)
BM Bond Fund 1 – Fact Sheet (PDF)