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Annual Report
2015
The investment policies framework regarding types and proportion of investments are as follows:
Type of investment
Proportion of total investment
1.
Investments in debt securities
Government securities, debentures or bonds of state
enterprises or entities incorporated by specific laws and
guaranteed by the Ministry of Finance
Unlimited (2014: Unlimited)
Fixed deposits or NCDs at commercial banks and
promissory notes of finance companies or financial
institutions incorporated by specific laws
Not to exceed 15% per institution (2014: Not to exceed
15% per institution)
Debentures or warrants of debentures and bills of exchange Not to exceed 5% per issuer (2014: Not to exceed
5% per issuer)
Investment units or warrants of investment units in
mutual funds invested in debt securities
Not to exceed 10% per mutual fund (2014: Not to exceed
10% per mutual fund)
2.
Investments in equity securities
Investment units or warrants of investment units in
mutual funds invested in equity securities
Not to exceed 25% per mutual fund (2014: Not to exceed
15% per mutual fund)
3.
Investments in property funds
Property funds
Not to exceed 10% of total investment (2014: Not to exceed
10% of total investments)
4.
Investments in foreign investment funds
Foreign investment funds
Not to exceed 20% of total investments (2014: Not to exceed
7.5% of total investments)
5.
Investments in gold funds
Gold funds
Not to exceed 3% of total investments (2014: Not to exceed
3% of total investments)
Investments in each asset management company should not to exceed 40% of total investments (2014: Not to exceed
40% of total investments).