Berjaya Mutual Berhad ("Berjaya Mutual") is a subsidiary of Berjaya Capital Berhad. Berjaya Mutual was incorporated in Malaysia on 24 September 1990 under the Companies Act, 1965. The principal business of Berjaya Mutual encompasses the management of unit trust funds and portfolio management.
Fund Type : Income and Growth
Fund Category : 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.
Fund Type : Income
Fund Category : Wholesale Money Market Fund
Berjaya Mutual Wholesale Cash Fund (“Fund”) seeks to achieve its objective by investing at least 70% of its NAV in liquid and low risk Ringgit-denominated money market instruments issued by rated/non-rated financial institutions and/or money market collective investment schemes. The Fund may also invest up to 30% of its NAV in rated/unrated fixed income securities and/or fixed income collective investment schemes.
The Fund is allowed to invest 100% of its NAV in money market instruments issued by a single financial institution or development financial institution. The Fund is also allowed to invest 100% of its NAV in a single money market collective investment scheme. In respect of investment in fixed income securities, the Fund may invest wholly in a single issuance/issuer and/or issuance issued by a related party and/or single fixed income collective investment scheme.
The Fund will be actively managed to provide liquidity to meet its cash flow requirements.
Fund Type : Growth
Fund Category : Wholesale Equity
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.
