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the Funds > Atlas
Pension Fund > Sub-Funds |
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The Atlas Pension Fund through its three Sub-Funds,
APF-Equity Sub-Fund, APF-Debt Sub-Fund and APF-Money Market Sub-Fund,
under its umbrella, will invest in equities, bonds and money market
instruments. |
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| a. APF-Equity Sub-Fund (AEF) |
The objective of AEF is to achieve long term capital growth.
AEF shall invest primarily in equity securities, with a minimum
investment of 90% of its net asset value in listed shares.
In selecting equity securities, AEF will consider the reputation
of the management, volume trading in the shares, profitability,
dividend record and prospects of earning growth. Any amount remaining
un-invested shall be kept in treasury bills, securities of less
than one year maturity or bank deposits.
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| b. APF-Debt Sub-Fund (ADF) |
The objective of ADF is to provide income along with capital
preservation. ADF shall invest primarily in tradable debt securities
with the weighted average duration of the investment portfolio
of the ADF not exceeding ten years. ADF shall invest at least
fifty percent (50%) of the assets in securities issued by the
Federal Government.
In selecting debt instruments and government securities, ADF
will consider individual credit risks, with the understanding
that market value of even high quality fixed rate securities can
fluctuate with change in interest rate levels.
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| c. APF-Money Market Sub-Fund (AMMF) |
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The objective of AMMF is to provide regular income along with
capital preservation. AMMF shall invest primarily in short term
debt securities with the average duration of the fund not exceeding
one year.
There would be no restriction on the amount of investment in securities
issued by the Federal Government. In selecting short term debt instruments
and government securities, AMMF will consider individual credit
risks and shall invest in securities carrying a minimum credit rating
of “A- minus”. |
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| The proportions of these securities, or asset allocation, for each
Sub-Fund will be based on the expected returns and risks as evaluated
by the Pension Fund Manager. The asset allocation of the Sub-Fund(s)
may change from time to time depending on the prevailing market conditions. |
