FUND OBJECTIVE
This fund aims to achieve capital appreciation in the long term by investing primarily in offshore markets. The objective of the Fund cannot be materially changed or amended without the prior approval of the unit holders.
INVESTMENT STRATEGY
The investment strategy or asset allocation strategy may vary from time to time to reflect changing economic circumstances or market conditions. Under normal market conditions, the Fund’s offshore equity exposure will be at least 70%.
ASSET ALLOCATION
During the duration of this Prospectus, the prospective asset allocation of the Fund will be as follows:
- Offshore equities and equity related securities – minimum 0% and maximum 95% of the NAV of the Fund
- Short term fixed income instruments and liquid assets – maximum 10% and minimum 5% of the NAV of the fund
FUND INFORMATION
| Portfolio Manager | Mweemba Mwiinga |
| Investment Officer | Lusungu Munthali |
| Fund Size (ZMW) | 4.017 million |
| Price | 1.1684* |
| Price Date: | 31st March 2018 |
| Risk profile | High |
| Benchmark | MSCI world Index |
| Launch date | July 2014 |
| Trustee | AMG Global Trust Ltd |
| Trading closing time | 4:00 p.m. |
| Minimum Investment Lump sum: | Lump sum: ZMW 50,0001 Lump sum: ZMW 1,0002 |
1 Minimum investment amount for institutions
2 Minimum investment amount for individuals
* Mpile Offshore Equity Fund Class B Price
| (%) | |
| Front End Load | 3 (of investment) |
| Back End Load | 3 (of redemption) |
| Transfer Charge | K10 |
PERMITTED INVESTMENTS
The fund is permitted to invest in the following:
- Shares and related securities of companies listed on the regulated exchanges outside of Zambia
- Unlisted securities whether or not approved for listing and quotation under the rules of an eligible market, which are offered directly to the Fund by issue
- Units or shares of other collective investment schemes;
- Cash, deposits and money market instruments with licensed institutions and/or other institutions licences or approved to accept deposits;
- Any other form of investments as may be agreed upon by the Manager and the Trustee from time to time; and
- Any other form of investments as approved by the SEC from time to time.
