MANULIFE PROGRESS FUND ENHANCEMENT
Dear Valued Customer,
As part of our commitment to safeguard the interest of our policyholders, we wish to announce the following enhancement to Manulife Progress Fund effective 02 May 2023.
In order to better protect the downside and to mitigate liquidity risk, the Target Fund of Manulife Progress Fund may invest up to 20% of its Net Account Value (NAV) in companies which are part of the FBM KLCI constituents if there is lack of liquidity or when the Fund Manager deems necessary to reduce volatility of the Target Fund as part of its temporary defensive position.
Current |
Effective 2nd May 2023 |
|
Investment Strategy & Approach* |
The Target Fund invests in a diversified portfolio of small to medium size companies listed in Bursa Malaysia which are not part of the FTSE Bursa Malaysia KLCI Index (“FBM KLCI”) constituents. | The Target Fund invests in a diversified portfolio of small to medium size companies listed in Bursa Malaysia which are not part of the FTSE Bursa Malaysia KLCI Index (“FBM KLCI”) constituents. *Note: The Target Fund may invest up to 20% of its NAV in companies which are part of the FBM KLCI constituents if there is lack of liquidity or when the Fund Manager deems necessary to reduce volatility of the Target Fund as part of its temporary defensive position. |
This enhancement is expected to provide better management of the fund as part of its temporary defensive position and to navigate through market dynamics during uncertain times. Rest assured that the enhancement does not impact the terms of your insurance plan.
We have enclosed a list of Frequently Asked Questions (FAQ) for your better understanding. If you need further assistance, please consult your servicing agent or authorised bank representative. Alternatively, you may contact us at our customer service through:
Telephone : 03-2719 9112 or 1-300-13-2323
Email : MYCARE@manulife.com
Thank you.
Frequently Asked Questions (FAQ)
Q01: What are the reasons for making such change to Manulife Progress Fund?
A01: This change is to allow the Fund Manager to invest in certain companies with larger capitalization if there is lack of liquidity or when the Fund Manager deems necessary to reduce volatility of the Target Fund as part of temporary defensive position.
Q02: Where can I get the latest information on the fund performance?
A02: For the latest fund information, you may refer to Manulife’s website at https://www.manulife.com.my/en/individual/funds/funds.html/
Q03: How will these affect my account value?
A03: Your account value will depend on the actual fund performance.
Q04: Will this enhancement impact the risk profile of the fund?
A04: No. This enhancement do not impact the overall risk profile of the fund.
Q05: When will these be effective?
A05: This enhancement will take effect on 02 May 2023.
Q06: Is there any action required from me?
A06: No.
Q07: How will these affect the benefits of my insurance plan?
A07: There will be no change to the benefits of your existing insurance plan.
Q08: How do I get more information?
A08: Please do not hesitate to contact your agent or authorised bank representative. Alternatively, you may contact our Customer Service during business hours.
Business Hours: Mondays – Fridays, from 9:00am to 5:30pm
Telephone: 03-2719 9112 or 1-300-13-2323
Email: MYCARE@manulife.com
©2020 Manulife Holdings Berhad (Registration No. 197501003360 (24851-H))
General Line : (603) 2719 9228 | Customer Careline : 1 300 13 2323
