AIM Multi-Asset Trust
AIM Multi-Asset Trust
SCHEMES
Gold Money Market Fund
AIM Freedom Fixed Income Trust
AIM Multi-Asset Trust
Overview
Strategy
Asset Allocation and Fees
Limitations
Risk
Parties
Annual Reports
Half Year Report
Facts Sheet
Overview
AIM Multi-Asset Trust
Name and Nature of the Fund
AIM Multi-Asset Trust is an open-ended Unit Trust that seeks to achieve growth in income and capital. The Fund also aims at providing liquidity and conserving principal.
Investment Objective
The principal objective of the Trust is to generate long term growth by investing in a mix of equities and fixed income instruments.
Fund Type: Open-ended
Fund Category: Balanced Fund
Inception Date: February, 2014
Fund Manager: Ashfield Investment Managers Limited (“Ashfield” or “AIM”)
Place of Business: 18 Noi Fetreke Street, West Airport
Management Fees: 2.50% of the Net Asset Value of the Fund
Trustee Fee: 0.65% of the Net Asset Value of the Fund
Minimum Deposit: GHS 20.00AIM Multi-Asset Trust
Strategy
Investment Policy and Strategy
The Trust is authorized to invest in equities trading on the Ghana Stock Exchange and other regulated exchanges across the world. The scheme is also authorized to invest in fixed income securities such as bills, repos, bonds, notes and fixed deposits from sovereigns and corporates.
The scheme is also authorized to investment in unlisted fixed income and equity instruments.
AIM Multi-Asset Trust’s risk-adjusted performance benefits from combining multiple sources of investment insights within a disciplined risk management framework.
The Fund is targeted at both resident and non-resident investors with passive income and aggressive investment risk appetite whose investment objectives align with the Fund’s strategy.
Asset Allocation and Fees
Permissible Investment /Asset Allocation
The Trust is permitted to invest in fixed income securities, and equities.
The fixed income instruments include:
- Government debt instruments (bonds, notes, bills)
- Corporate debt instruments (bonds, notes, bills)
- Fixed deposits
- Commercial Paper
- Bankers’ Acceptances, and
- Certificates of Deposits
The equity securities comprises:
- Listed equities of companies on regulated stock markets.
- Unlisted equities.
Asset Class | Target Allocation | Range |
Fixed Income Asset Class | 60% | 30% |
Equity Assets Class | 40% | 30% |
Limitations
Limitations on Redemption
A Unitholder cannot redeem units in an amount that will leave the holder with less than 200 units. However, a Unitholder is entitled to redeem all or, part of their holdings.
Income/Dividend Distribution Policy
The Trust will not distribute investment income either in the form of cash or units to registered unitholders. All investment income is reinvested in the Trust. Registered Unitholders who wish to withdraw their earnings will have to either sell a part or, all their units.
Front and Exit Load Fees
· | Subscription fee | None |
· | Redemption fee within 1 year | 2.50% |
· | Redemption fee within 2 years | 2.00% |
· | Redemption fee within 3 years | 1.00% |
· | Redemption fee after 3 years | None |
Limitations on Investment
The Trust is subjected to certain investment limitations and portfolio diversification requirements. The Trust may not:
- Invest more than 10% of its net asset value into any type of real estate other than securities of real estate companies or companies that have engaged in real estate investment activities.
- Invest in commodities, futures, or options.
- Invest more than 25% of the net asset value of the scheme in securities issued by a single issuer.
- Invest more than 10% of the net asset value of the scheme in any class of securities issued by a single issuer.
- Invest more than 10% of the net asset value of the scheme in other collective investment schemes.
- Invest more than 15% of the total net asset value of the scheme in securities not listed or quoted on an authorized stock exchange.
Risk
Risk Disclosure
Investing in equities and fixed income securities come with risks. The points below are a few of the reasons the value of the Trust’s assets may be adversely affected:
- The fiscal, monetary, and economic conditions of the jurisdictions where the scheme’s investments are domiciled. In unfavorable markets conditions, these can cause significant declines in the value of your investments in the scheme.
- Declines in the prices of equity and fixed income securities on the exchanges where the Trust’s investments are listed will cause the value of the Trust’s investments to decline.
- Regulatory risk exists where changes in valuation of the Trust’s assets can be occasioned by new regulation and directives.
- Default risk – Issuers of fixed income securities that the Trust is invested may be unbale to pay their interest and maturity obligations to the Trust. This may cause significant declines to the Trust’s value.
- Liquidity – Up to 40% of the Trust’s assets are invested in equities, whilst the remaining sleeve of up to 60% of the Trust is invested in fixed income instruments. In bear market conditions where there are more sellers than buyers, the Trust may not be able to sell these instruments for cash. These may cause severe liquidity constraints and lead to the Trust’s inability to honor investor’s redemption requests.
Parties
Other Parties to the Fund and their Addresses
Auditor: AssuranceHub Consult
Address: House No. 704/1462, Forest Avenue, George Bush Motorway
GPS: GA-157-6218
Trustee: Universal Merchant Bank (Ghana) Limited
Address: 57, Examination Loop North Ridge, Accra
P.O. Box GP 401 Accra, Ghana
Bankers: Universal Merchant Bank (Ghana) Limited
SSNIT Emporium, Liberation Road, Airport City, Accra. P.O. Box GP 401 Accra, Ghana
Annual Reports
Report Year | File |
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2018 | |
2019 | |
2020 | |
2021 | |
2022 |
Half Year Report
Tab Content
Facts Sheet
Report Date | File |
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31 December, 2023 |