Objective & investment strategy:
The Fund aims to outperform US Libor by 50 basis points through an active management of short duration and floating rate or fixed rate MBS/SS products in the US market. The process is bottom-up and fundamentally driven within a risk follow-up framework.
There can be no assurance that the sub-fund investment will be success full or that the investment objectives of the Sub-Fund will be achieved. The Management Company is unable to guarantee that subscribers will not suffer losses as a result of investment in this Fund and the capital invested may not be fully recouped.
From December 21, 2007, the Fund did not trade actively securities in the portfolio but monitored the market risk. All securities continue to be actively monitored, and the portfolio managers are able to sell a security, should they feel compelled to do so in response to a deterioration of its fundamental characteristics.