Manulife Malaysia Equity Fund - Manulife Insurance Berhad
Manulife Malaysia Equity Fund - Manulife Insurance Berhad
Manulife Malaysia Equity Fund - Manulife Insurance Berhad
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12.9 Material Litigation<br />
As at LPD, the Manager is not engaged in any material litigation and<br />
arbitration, including those pending or threatened, and any facts likely to<br />
give rise to any proceedings which might materially affect the business/<br />
financial position of the Manager.<br />
12.10 Manager’s Delegate<br />
The Manager has obtained the approval from the SC for the appointment of<br />
HSBC (<strong>Malaysia</strong>) Trustee <strong>Berhad</strong> to carry out the fund valuation functions for<br />
the <strong>Fund</strong>. The Manager’s delegate has invested significantly into information<br />
technology to offer accounting and valuation services to its clients. Under<br />
the terms of the side agreement, the Manager’s delegate would keep the<br />
records of all transactions of the <strong>Fund</strong> and calculate the NAV per Unit of<br />
the <strong>Fund</strong> every Business Day. A brief description on the background of the<br />
Manager’s delegate is set out in Section 14 hereafter.<br />
13. THE INVESTMENT MANAGER<br />
13.1 Background<br />
The Manager has appointed <strong>Manulife</strong> Asset Management (<strong>Malaysia</strong>) Sdn.<br />
Bhd. as the Investment Manager to implement the investment strategy and<br />
manage the <strong>Fund</strong>.<br />
The Investment Manager was incorporated in <strong>Malaysia</strong> on 15 May 2008.<br />
The Investment Manager holds a Capital Markets Services Licence for fund<br />
management under the Act and operates under the brand name of MFC<br />
Global Investment Management ® (MFC GIM), the asset management<br />
division of <strong>Manulife</strong> Financial. As at 31 March 2009, MFC GIM’s total assets<br />
under management were more than US$220 billion.<br />
Currently, the Investment Manager manages the assets consisting of<br />
fixed income and equity of <strong>Manulife</strong> Holdings <strong>Berhad</strong> and its subsidiaries<br />
totalling RM2.27 billion as at 31 July 2009. The investment professionals<br />
at the Investment Manager form part of MFC GIM’s network of investment<br />
professionals around the world. They join a global team of more than 300<br />
managers, analysts and traders who together provide comprehensive asset<br />
management solutions for institutional investors, investment funds and<br />
individuals in key markets around the world.<br />
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