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Principal Asset Management Co.(Asia) Ltd.
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Pension Fund “First”  
 
 

Fund Inception Date: 17 December 2001

The Fund pursues a conservative investment approach with the aim of achieving consistent growth with low risk investment to gain medium returns.

Fund Investment Policy
Management and Custodian Fee
 
 

Fund Investment Policy

The investment policy of the Fund is based on the rule of investing a minimum of 75% in debt securities and money market, and a maximum of 25% in equities. Macau Pension Fund Management Company Limited’s recommendation for this Fund is to maintain a long-term perspective because the overall direction of stock markets, though has short-term turmoil, proved to be historically upward. The primary objective of the Fund is to minimize short-term capital risk and the secondary objective is to achieve medium investment returns.

 
 

Management and Custodian Fee

For the Fund, the annual return reflects net of 1% per annum as all-in-one management and custodian fee, which will be paid out of Fund assets and reflected in the unit price of the Fund. Hence employers and employees are not required to make any separate payment.