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The Accumulator™ is an innovative Fund that could help you save for your children's education. It gives you the opportunity to tap into the potential growth of global equities1, while aiming to safeguard your investments at all times2. It achieves this by investing in both Growth and Safe Assets. |
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Next Steps :
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| Introducing The Accumulator™ |
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 | Total flexibility as unlike a typical capital protected fund, your money is not locked in for any fixed period. You always have access to your savings to invest or redeem your units throughout the life of your Fund3 |
| Safeguard your investments with the continuous rising Minimum Floor equal to 85% of the last highest price2 |
| Profit from potential equity growth1 |
| Access to your savings whenever you need it |
| Flexibility to adjust your contribution to meet your cash flow and savings goals |
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| Minimum of S$100 a month or a lump sum of just S$5,000. |
| Mode of subscription can be Cash, CPFIS-OA & SA, SRS
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| Details:
| Sales Charge |
4% |
| Management Fee |
1% p.a. |
| Trustee Fee |
0.075% p.a. |
| Administration Fee |
0.025% p.a. |
| Realisation Fee |
Nil |
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Important Information
1. The Fund will aim to tap into global equity growth via an active asset allocation strategy that is applied between a Growth Asset (global equities) and a Safe Asset (S$ cash instruments) at all times during the life of the Fund. Initial allocation to the Growth Asset is expected to be between 45% and 75%. This allocation percentage should range between zero and the initial allocation percentage throughout the life of the Fund. However in the event of sustained equity market decline, the Fund's exposure to the Growth Asset may fall substantially such that the Fund is comprised almost entirely of the Safe Asset. In such circumstances, the Fund may be terminated.
2. The Minimum Floor on each dealing day is equal to 85% of the last highest price reached on any prior dealing day. This Minimum Floor is on a best efforts basis only and is expected to be achieved provided that equity markets do not suffer a sudden extreme downward movement greater than a defined level (the "Gap Factor"), which will be determined after the inception of the Fund and is expected to be within the range of 20% to 33%. The Minimum Floor is not guaranteed and is also subject to credit risk, i.e. risk of default of the issuers of the bonds within the funds which the Fund invests in and/or the financial institutions in which deposits are placed in, for the Safe Asset.
3. If the 6th or 21st of each month is not a business day, then the Dealing Day will be the following business day.
The above is published for information only and does not have any regard to the specific investment objective, financial situation and the particular needs of any specific person who may read this document. Any opinion, view or estimate presented is subject to change without notice and is made on a general basis and is not to be relied on by you as advice. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of you acting based on this information. Investors may wish to seek advice from a financial adviser before purchasing units of the Fund. In the event that the investor chooses not to seek advice from a financial adviser, he should consider whether the Fund in question is suitable for him.
Past performance and any forecast are not necessarily indicative of the future or likely performance of the Fund. The value of units and the income from them may fall as well as rise. All applications for units in a unit trust must be made on application forms accompanying the prospectus. Investors should read the prospectus, obtainable from OCBC Bank, before investing. The Accumulator™ is not an obligation of, deposits in, or guaranteed by OCBC Bank or Schroders or any of their affiliates. The Accumulator™ is subject to investment risks, including the possible loss of principal amount invested.
The above information does not take into consideration the tax implications of the income earned as each person's tax position is different. Investors are advised to seek independent tax advice on their personal tax position arising from investing in the products mentioned.
The Central Provident Fund Board currently pays a legislated minimum annual interest rate of 2.5% on the Ordinary Account and a guaranteed minimum annual rate of 4% on the Special Account.The CPF interest rate is based on the 12-month fixed deposit and month-end savings rates of the major local banks and it is revised quarterly. The interest is computed monthly, and is credited and compounded annually.
Trademark registration of The Accumulator™ from OCBC Bank is pending.
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