Investment Mandate
Based on the asset allocation policy adopted by the Board, Valuecap presently operates within a domestic, listed-equities-centric mandate.
At present, its eligible investments include domestic-listed:
- Common stock and quasi-equity related-instruments (i.e. only on holding of “mother shares”) and such securities received via redemptions of exchange traded fund (ETF) units;
- Real estate investment trusts (REITs);
- ETFs; and
- Money market equivalent instruments (including cash).
Trading on-market only, Valuecap’s investments are further restricted by the following:
- Investments and/or transactions in any of the following securities are strictly prohibited:
- Venture capital or direct investments of any kind;
- Unlisted equities;
- Warrants, convertibles or options arising from secondary purchases other than those obtained via our holdings of the mother shares;
- Futures, options on futures;
- Forward currency contracts;
- Derivative instruments other than mentioned above; and
- Companies under S176 or PN4.
- Unless prior approval of the Board is obtained, holdings cannot exceed 5% of the issued capital of any one company.
- No margin trading or roll-over trades.