ABF Pan Asia Bond Index Fund - Market Professionals

Market Professionals

Cash Creation / Redemption
Market Professionals may participate in cash creation and redemption through Authorized Participants (APs). Please click here for the list of APs

Minimum Dealing Size
20,000 units (around US$2 million¹) or in multiples thereof

Monthly Dealing Feature
Cash creation and redemption of any board lot sizes (10 units) can be undertaken by an AP on the last dealing day² of each month

Daily Dealing Limit
Cash redemption is limited to 760,000 units per dealing day² (around US$76 million³)

Dilution Levy
Up to a maximum of 0.5% of the creation and redemption amount

1.	The estimate is reached by multiplying the minimum dealing size of 20,000 units of PAIF by the initial NAV of the US$100 per unit (the actual NAV will vary from time to time), excluding dilution levy.
2.	Dealing day refers to any day on which commercial banks are open for business in Singapore and Hong Kong, the Stock Exchange of Hong Kong is open for trading, and the iBoxx ABF Pan-Asia Index in compiled and published.
3.	The estimate is reached by multiplying the daily dealing limit of 500,000 units of PAIF by the initial NAV of the US$100 per unit (the actual NAV will vary from time to time), excluding dilution levy.

IMPORTANT NOTES:

Investment involves risks. The fund is not promoted, sponsored, recommended, issued or guaranteed by any member of the EMEAP member central banks and monetary authorities. The fund is not guaranteed or endorsed by the governments of the eight investment markets. Please refer to PAIF's prospectus for further information about the fund. The information on this website is for informational purposes only and is not intended as an offer for the sale of, nor a solicitation of as for the purchase or sale of, securities or investment services, nor an invitation to invest in PAIF.

Investors should be aware of that PAIF is different from a typical Unit Trust. Redemption of PAIF's units could only be executed in substantial size through designated dealers and the listing of PAIF on the Stock Exchange does not guarantee a liquid market for the units. PAIF's units are traded on the stock exchange at market price, which may be different from the net asset value per unit of the fund, and the fund may be delisted from the stock exchange. The semi-annual distributions are dependent on PAIF's performance and are not guaranteed.