INVESTMENT-LINKED FUNDS - Zurich

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FUND OBJECTIVE AND FUND PERFORMANCE AS AT 31 DECEMBER 2010 Name of Funds MAA Income Fund MAA Dana Mas Maju Fund’s Investment Objectives The MAA Income Fund is a bond fund which aims to provide a stable level of income with some capital growth over the medium to long-term through investments predominantly in a diversified portfolio of fixed income securities. The MAA Dana Mas Maju is an Islamic equity fund which aims to provide capital growth over the medium to long-term through investments in a diversified, growth-oriented portfolio of Syariahapproved shares listed on Bursa Malaysia. Asset Allocation Malaysian Government Securities N/A Malaysian Government Securities Equities Securities 7.58% Equities Securities 75.28% Fixed Income Securities 90.23% Fixed Income Securities 25.82% Cash Equivalent 0.14% Cash Equivalent 0.42% Other Assets & Liabilities 2.04% Other Assets & Liabilities -1.52% Net Investment Returns Y/E 2006 2,156,242 Y/E 2006 1,879,819 Y/E 2007 2,378,243 Y/E 2007 2,568,620 Y/E 2008 2,921,609 Y/E 2008 3,735,632 Y/E 2009 2,891,109 Y/E 2009 2,021,363 Y/E 2010 2,893,986 Y/E 2010 2,632,410 Description of charges levied Fund Management fee of 1.0% per annum Fund Management fee up to 1.5% per annum N/A Changes of Objective, restriction & limitation during the year No change Details of distribution NAV per unit - before distribution 0.540 0.434 NAV per unit - after distribution 0.500 0.377 Future prospects and proposed strategies The performance of the Malaysian bond market in 2011 will be underpinned by a positive domestic economic outlook, and improved appetite for debt papers and the local currency. The MAA Income Fund will maintain a diversified bond portfolio to mitigate interest rate and credit risks. The performance of the Malaysian stock market in 2011 will be driven by liquidity and news flows. Valuations are supported by improving macro and micro fundamentals, though inflation will be a concern going forward. The MAA Dana Mas Maju will continue to take a long-term investment view and invest primarily in Syariahapproved growth stocks. Performance of relevant benchmark indices 1 Year Fixed Deposits FBM Syariah Y/E 2006 3.70% Y/E 2006 23.80% Y/E 2007 3.70% Y/E 2007 45.60% Y/E 2008 3.70% Y/E 2008 -43.50% Y/E 2009 2.60% Y/E 2009 43.00% Y/E 2010 2.80% Y/E 2010 18.20% ANNUAL REPORT 2010 MAA ASSURANCE INVESTMENT-LINKED FUNDS DANA BERKAITAN-PELABURAN MAA ASSURANCE 10
OBJEKTIF DANA DAN PRESTASI DANA PADA 31 DISEMBER 2010 Dana Dana MAA Income MAA Dana Mas Maju Objektif Pelaburan Dana Dana MAA Income merupakan dana bon yang bersasaran menyediakan pendapatan bertahap stabil dengan pertumbuhan modal dalam jangkamasa sederhana hingga jangkamasa panjang melalui pelaburan terutamanya dalam portfolio sekuriti pendapatan tetap yang pelbagai. MAA Dana Mas Maju merupakan dana ekuiti Islam yang bersasaran menyediakan pertumbuhan modal dalam jangkamasa sederhana hingga jangkamasa panjang melalui pelaburan yang pelbagai namun berorientasikan pertumbuhan dalam portfolio saham- saham diluluskan Syariah di Bursa Malaysia. Peruntukan Aset Sekuriti Kerajaan Malaysia N/A Sekuriti Kerajaan Malaysia Sekuriti Ekuiti 7.58% Sekuriti Ekuiti 75.28% Sekuriti Pendapatan Tetap 90.23% Sekuriti Pendapatan Tetap 25.82% Kesetaraan Tunai 0.14% Kesetaraan Tunai 0.42% Aset & Liabiliti Lain 2.04% Aset & Liabiliti Lain -1.52% Pulangan Pelaburan Bersih T/B 2006 2,156,242 T/B 2006 1,879,819 T/B 2007 2,378,243 T/B 2007 2,568,620 T/B 2008 2,921,609 T/B 2008 3,735,632 T/B 2009 2,891,109 T/B 2009 2,021,363 T/B 2010 2,893,986 T/B 2010 2,632,410 Penerangan bagi caj yang dikenakan Yuran pengurusan dana sebanyak 1.0% setahun Yuran pengurusan dana sebanyak 1.5% setahun N/A Perubahan kepada Objektif, larangan & pembatasan sepanjang tahun Tiada perubahan Maklumat pengagihan NAV seunit - sebelum pengagihan 0.540 0.434 NAV seunit - selepas pengagihan 0.500 0.377 Prospek masa depan dan strategi cadangan Prestasi pasaran Bon Malaysia dalam 2011 akan disokong oleh keadaan ekonomi domestik yang positif serta kertas hutang dan matawang tempatan yang berkedudukan lebih baik. Dana MAA Income akan mengekalkan portfolio pelbagai bon bagi mengurangkan risiko faedah dan kredit. Prestasi pasaran saham Malaysia dalam tahun 2011 akan bergantung kepada aliran mudah tunai dan berita. Penilaian disokong oleh asas makro dan mikro yang lebih baik, sungguhpun inflasi perlu dipertimbangkan. MAA Dana Mas Maju akan terus membuat pelaburan jangka panjang dan melabur dalam saham pertumbuhan diluluskan Syariah. Prestasi ukur rujuk indeks yang berkaitan Simpanan Tetap 1 Tahun FBM Syariah T/B 2006 3.70% T/B 2006 23.80% T/B 2007 3.70% T/B 2007 45.60% T/B 2008 3.70% T/B 2008 -43.50% T/B 2009 2.60% T/B 2009 43.00% T/B 2010 2.80% T/B 2010 18.20% LAPORAN TAHUNAN 2010 DANA BERKAITAN-PELABURAN MAA ASSURANCE MAA ASSURANCE INVESTMENT-LINKED FUNDS 11
Page 1: ANNUAL REPORT LAPORAN TAHUNAN 2010
Page 4 and 5: STATEMENT BY MANAGER MAA ASSURANCE
Page 6 and 7: INDEPENDENT AUDITORS’ REPORT TO T
Page 8 and 9: LAPORAN JURUAUDIT BERKECUALI KEPADA
Page 10 and 11: FUND OBJECTIVE AND FUND PERFORMANCE
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FUND OBJECTIVE AND FUND PERFORMANCE
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STATEMENT OF ASSETS AND LIABILITES
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STATEMENT OF INCOME AND EXPANDITURE
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STATEMENT OF CHANGES IN NET ASSET V
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NOTES TO THE FINANCIAL STATEMENTS 3
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EQUITY ALLOCATION AS AT 31 DECEMBER
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INVESTMENT-LINKED FUNDS - Zurich

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