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Fund of Funds> Investment Objective & Strategy |
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| INVESTMENT OBJECTIVE |
The purpose of introducing ATFF is to provide investors a one-window facility to invest in diversified portfolio of equity securities of closed-end schemes and open-end schemes offering consistent returns and growth. Any amounts, which have not been invested in securities of closed-end schemes, may be invested in
authorized investments as under: |
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- Repurchase transactions (REPOs) and reverse REPOs, including Continuous
Funding System (CFS) through the clearing house of a Stock Exchange
- Money Market Instruments
- Deposits in banks on profit and loss (PLS) basis
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| INVESTMENT STRATEGY |
The Fund will invest mainly in other closed-end funds. In selecting the closed-end funds, the investment adviser shall follow the following three criteria |
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- Discount at which a closed-end fund is traded
- Evaluation of portfolio of the investee fund
- Trading activities in shares of investee funds
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| The open-end schemes shall be selected on the basis of their returns.
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| ATFF may also invest in CFS transactions and money market instruments.
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| The asset allocation in each instrument will depend on the prevailing
market conditions. |
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