INVESTMENT-LINKED FUNDS - Zurich

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FUND OBJECTIVE AND FUND PERFORMANCE AS AT 31 DECEMBER 2010 Name of Funds MAA Equity Booster Fund MAA Vulture Fund Fund’s Investment Objectives The MAA Equity Booster Fund is a equity fund which aims to provide capital growth over the short to medium-term through diversified investments in equities, warrants and other equity-related derivative securities. The MAA Vulture Fund is an equity fund which aims to provide capital growth over the short to medium-term using an active asset allocation strategy to benefit from market timing and potential trading opportunities. Asset Allocation Malaysian Government Securities N/A Malaysian Government Securities Equities Securities 81.01% Equities Securities 81.48% Fixed Income Securities 18.52% Fixed Income Securities 19.11% Cash Equivalent 0.84% Cash Equivalent 0.08% Other Assets & Liabilities -0.36% Other Assets & Liabilities -0.68% Net Investment Returns Y/E 2006 7,993 Y/E 2006 91,515 Y/E 2007 42,183 Y/E 2007 723,701 Y/E 2008 89,873 Y/E 2008 2,454,155 Y/E 2009 82,616 Y/E 2009 2,294,329 Y/E 2010 143,351 Y/E 2010 2,632,857 N/A Description of charges levied Fund Management fee up to 1.5% per annum Changes of Objective, restriction & limitation during the year No change Details of distribution NAV per unit - before distribution 0.536 0.527 NAV per unit - after distribution 0.447 0.439 Future prospects and proposed strategies 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 Equity Booster Fund will continue to invest primarily in higher beta stocks and equity-related securities to provide leverage to the stock market. 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 Vulture Fund will continue to invest in undervalued stocks and trade on market momentum. Performance of relevant benchmark indices KLCI KLCI Y/E 2006 21.80% Y/E 2006 21.80% Y/E 2007 31.80% Y/E 2007 31.80% Y/E 2008 -39.30% Y/E 2008 -39.30% Y/E 2009 45.20% Y/E 2009 45.20% Y/E 2010 19.30% Y/E 2010 19.30% ANNUAL REPORT 2010 MAA ASSURANCE INVESTMENT-LINKED FUNDS DANA BERKAITAN-PELABURAN MAA ASSURANCE 18
OBJEKTIF DANA DAN PRESTASI DANA PADA 31 DISEMBER 2010 Dana Dana MAA Equity Booster Dana MAA Vulture Objektif Pelaburan Dana Dana MAA Equity Booster merupakan Dana MAA Vulture merupakan dana dana ekuiti yang bersasaran menyediakan ekuiti yang bersasaran menyediakan pertumbuhan modal jangkamasa pendek pertumbuhan modal jangkamasa pendek hingga jangkamasa sederhana melalui hingga jangkamasa sederhana dengan pelaburan ekuiti, waran dan sekuriti menggunakan strategi peruntukan aset derivatif berkaitan ekuiti yang lain. yang aktif untuk memperolehi manfaat daripada pemasaan pasaran dan potensi peluang berurusniaga. Peruntukan Aset Sekuriti Kerajaan Malaysia N/A Sekuriti Kerajaan Malaysia Sekuriti Ekuiti 81.01% Sekuriti Ekuiti 81.48% Sekuriti Pendapatan Tetap 18.52% Sekuriti Pendapatan Tetap 19.11% Kesetaraan Tunai 0.84% Kesetaraan Tunai 0.08% Aset & Liabiliti Lain -0.36% Aset & Liabiliti Lain -0.68% Pulangan Pelaburan Bersih T/B 2006 7,993 T/B 2006 91,515 T/B 2007 42,183 T/B 2007 723,701 T/B 2008 89,873 T/B 2008 2,454,155 T/B 2009 82,616 T/B 2009 2,294,329 T/B 2010 143,351 T/B 2010 2,632,857 N/A Penerangan bagi caj yang dikenakan Yuran pengurusan dana sebanyak 1.5% setahun Perubahan kepada Objektif, larangan & pembatasan sepanjang tahun Tiada perubahan Maklumat pengagihan NAV seunit - sebelum pengagihan 0.536 0.527 NAV seunit - selepas pengagihan 0.447 0.439 Prospek masa depan dan strategi cadangan 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. Dana MAA Equity Booster akan terus melabur dalam saham beta tinggi dan ekuiti berkaitan sekuriti bagi menyediakan kelebihan lebih tinggi pada pasaran saham. 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. Dana MAA Vulture akan terus melabur dalam saham bawah nilai dan berurus niaga mengikut momentum pasaran. Prestasi ukur rujuk indeks yang berkaitan KLCI KLCI T/B 2006 21.80% T/B 2006 21.80% T/B 2007 31.80% T/B 2007 31.80% T/B 2008 -39.30% T/B 2008 -39.30% T/B 2009 45.20% T/B 2009 45.20% T/B 2010 19.30% T/B 2010 19.30% LAPORAN TAHUNAN 2010 DANA BERKAITAN-PELABURAN MAA ASSURANCE MAA ASSURANCE INVESTMENT-LINKED FUNDS 19
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
Page 68 and 69: STATEMENT OF ASSETS AND LIABILITES
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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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