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The investment objective of the Nikko AM Shenton Thrift Fund (“Fund”) is to maximize medium to long term capital appreciation by investing primarily in stocks listed on the Singapore Exchange Securities Trading Limited (“SGX-ST”). The Fund may also invest in companies listed on stock exchanges outside Singapore subject to a limit not exceeding 30% of the total assets of the Fund. The Fund invests in Singapore and Asia Pacific countries, the Managers of the Fund may seek to add value by selectively over/under weighting benchmark components and selecting non-benchmark components to achieve performance. The HSBC Life Fortress Fund A & B currently seeks to achieve its investment objective by investing all or substantially all of its assets in the Nikko AM Shenton Thrift Fund.
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