Benchmark Mutual Fund files an offer document to launch Benchmark International Exchange Traded Fund. It is an open-ended exchange listed scheme. The investment objective of the scheme is to provide returns that, before expenses, closely correspond to the returns of Hang Seng Index of Hong Kong Exchanges and Clearing However; the performance of the scheme may differ from that of the underling index due to tracking error. The fund will invest 90%-100% in securities, which are constituents of Hang Seng Index, derivatives linked to Hang Seng Index and units of mutual fund scheme based on Hang Seng Index. It will have 0-10% investment in money market instruments or government securities bonds, debt instruments and cash at call.
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