Versa Growth is a new fund created specifically for Versa in joint collaboration with AHAM Capital (formerly known as Affin Hwang Asset Management). It is an actively managed portfolio by AHAM Capital, designed to beat the market with a combination of passive and active funds.
Versa Growth is suitable for retail investors who seek capital growth and have a medium to the long-term investment horizon. The majority of the fund is invested in equities (76% in equities) with a 54% exposure to the US market. Traditionally, mutual funds have sales fees as high as 5%. But with Versa Growth, you can access global equities starting with just RM100 and zero sales fees. To ensure clarity on the management fee structure, here’s a breakdown of the annual costs associated with Versa Growth:
Management Fee: 1.00% (covers the ongoing operational expenses of the fund)
Fund-Level Fees: 0.50% (represents additional fees incurred within the underlying holdings of the fund)
If you are someone who has a higher risk profile with a longer time horizon, this fund is for you!
To summarize, Versa Growth is:
- Capital Growth focused.
- Medium to Long-term time horizon.
- Actively managed.
- 1.5% annual management fee incl. fund-level fees.
- RM100 minimum investment.
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