HSBC Amanah LifeSelect Fixed Income Fund Fund Fact Sheet January 2012

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1 12-Jun Jul Sep Nov Jan Mar May Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec-11 Percentage Growth HSBC Amanah LifeSelect Fixed Income Fund Fund Fact Sheet January 2012 Investment Objective HSBC Amanah LifeSelect Fixed Income Fund aims to achieve a steady return in medium to long term by investing in a portfolio of Malaysian Islamic debt securities and money market instruments. The Fund also aims for some degree of capital stability. Performance Since Inception HSBC Amanah LifeSelect Fixed Income Fund Percentage Growth Total Return, In LC Top Ten Unquoted Corporate Bonds % of NAV AmIslamic Bank Bhd 7.37 TSH Sukuk Ijarah Sdn Bhd 5.93 TSH Sukuk Ijarah Sdn Bhd 5.87 Projek Lebuhraya Usahasama Bhd 4.54 Besraya (M) Sdn Bhd Manjung Island Energy Bhd 4.45 Sabah Credit Corporation 4.43 Aman Sukuk Bhd 4.43 Point Zone (M) Sdn Bhd 4.36 Sime Darby Bhd 4.35 HSBC Amanah LifeSelect Fixed Income Fund Government Investment Issue Year 3 Rate Performance Table Performance Since investing 12/06/08 to 31/01/12 6 Months 31/07/11 to 31/01/12 HSBC Amanah LifeSelect Fixed Income Fund Government Investment Issue Year 3 Rate 9.40% 12.44% 1.75% 1.64% Asset Allocation Islamic Money Market Instruments 14.74% Unquoted Sukuk % Source: Bloomberg Basis of calculation: Time-weighted rate of return

2 Market Review, Outlook & Strategy Buoyant global manufacturing surveys provided a boost to investor sentiment at the start of the new year, leading Treasuries to give back a significant portion of the substantial long-end rally. The continued positive flow of US economic data weighed on Treasuries but saw offsetting impacts of flight to quality support following weakness in European sovereign markets. Risk aversion had prompted refuge bids at the 10-year auction which was sold at record low of 1.90% while the earlier 3-year auction drew a record high bid to cover ratio of 3.73x. US Treasuries gained on safe haven flows in response to Standard & Poor s sovereign ratings downgrade of nine European countries. The rating agency stripped triple-a ratings from France and Austria and downgraded seven others including Spain, Italy and Portugal. Thereafter, Treasuries posted long-end losses following strong auction results in Spain and France that extended a much better tone to the European sovereign funding concerns. 10-year Treasuries sold off 10 basis points, back to the 2% level on strong corporate earnings results and better economic data. Towards month-end, Treasuries extended sharp gains post FOMC meeting. Investors priced in a dovish interpretation following the Federal Reserve s pledge to keep interest rate low at least till late 2014 and elevated QE3 prospects. The intermediate part of the curve benefited the most from the expectations of zero short rates being shifted out, with the 5-year yield falling to a record low of 0.74%. During the month, the difference between yields on 2 and 10-year securities narrowed to the least in six weeks. Local government securities saw buying interest ahead of the RM3.5 billion reopening auction of the 7-year MGS, which was also the first government bond tender for the year For the first half of January, the market witnessed strong buying interest along the mid to long tenured bonds upon the release of below consensus economic data which saw industrial production and exports in November falling to a 4-month low. Government bonds rose, with the 3-year benchmark yield falling below 3.0% as inflation slowed to a 9-month low in December. For the full year, domestic headline inflation averaged 3.20%. The dovish Federal Reserve statement extended the rally across Malaysian market asset classes with outperformance along the intermediate and long-end of the curve. Towards end-january, Bank Negara Malaysia s foreign exchange liberalisation measures and decision to hold overnight policy rate unchanged at 3% provided the Ringgit with its biggest monthly gain since December 2008 to per Dollar. The MGS curve extended its flattening bias, with declining long-end yields.

3 Manager s Comments The fixed income allocation of HSBC Amanah LifeSelect Fixed Income Fund was higher at 85.26% from 80.94% recorded in the previous month due to net buying activities. During the month, a leveraged buyout took place involving Malaysia s biggest toll road operator. The Fund participated in the intermediate and 10-year tenure which resulted in favourable marked-to-market gains. Risk The investment risks associated to the investment are described in Product Disclosure Sheet. If you have any queries, you are advised to consult your professional adviser before making a commitment to invest. In the event that you choose not to seek advice from a professional investment adviser, you should consider whether this investment is suitable based on your risk appetite, investment experience and objectives. Other Information You may refer to the Product Disclosure Sheet for the basis and frequency of valuing assets underlying of the fund, Annual Fund Management Fee and other charges related to the fund The HSBC Amanah LifeSelect Fixed Income Fund is underwritten by HSBC Amanah Takaful (Malaysia) Sdn. Bhd. and is managed by Pacific Mutual Fund Berhad. This material is prepared strictly for information only. Information provided herein including any expression of opinion or forecast has been obtained from or is based on sources believed by us to be reliable, but is not guaranteed as to accuracy or completeness. The information is given without obligation and on understanding that any person who acts upon it or changes his/her position in reliance thereon does so entirely at his/her own risk. Past performance figures shown are not indicative of future performance.

4 12-Jun Jul Sep Nov Jan Mar May Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec-11 Percentage Growth Dana Pendapatan Tetap HSBC Amanah LifeSelect Laporan Dana Januari 2012 Objektif Pelaburan Dana Pendapatan Tetap HSBC Amanah LifeSelect bermatlamat mencapai pulangan stabil dalam jangka sederhana hingga panjang dengan melabur dalam portfolio sekuriti hutang dan instrumen pasaran wang Islam Malaysia. Dana ini juga bermatlamat mengekalkan kestabilan modal. Prestasi Sejak Pelancaran Dana Pendapatan Tetap HSBC Amanah LifeSelect Peratusan Pertumbuhan Jumlah Pulangan Senarai 10 Pegangan Bon Korporat Tidak Disebutharga Yang Terbesar % daripada NAB AmIslamic Bank Bhd 7.37 TSH Sukuk Ijarah Sdn Bhd 5.93 TSH Sukuk Ijarah Sdn Bhd Projek Leburaya Usahasama Bhd Besraya (M) Sdn Bhd 4.47 Manjung Island Energy Bhd Sabah Credit Corporation Aman Sukuk Bhd 4.43 Point Zone (M) Sdn Bhd 4.36 Dana Pendapatan Tetap HSBC Amanah LifeSelect Kadar 3 Tahun Government Investment Issue Jadual Prestasi Prestasi Sejak Dilaburkan 12/06/08 to 31/01/12 6 Bulan 31/07/11 to 31/01/12 Dana Pendapatan Tetap HSBC Amanah LifeSelect Kadar Terbitan Pelaburan Kerajaan Tahun % 12.44% 1.75% 1.64% Sime Darby Bhd 4.35 Peruntukan Aset Instrumen Pasaran Wang Islam 14.75% Sukuk Tidak Disebutharga 85.26% Sumber: Bloomberg Asas pengiraan: Kadar nilai pulangan

5 Penilaian, Tinjauan & Strategi Pasaran Hasil kaji selidik perkilangan global yang memberangsangkan telah meningkatkan sentimen pelabur pada awal tahun baru. Ini menyebabkan Treasuries hilang sebahagian besar keuntungan dari rali pelaburan jangka panjang. Pengumuman data positif ekonomi AS yang berterusan menjejaskan kadar Treasuries, tetapi krisis Eropah pula memberi kesan positif pada permintaan pelaburan pendapatan tetap. Sifat menjauhi pelaburan berisiko menyebabkan lelong pelaburan 10-tahun dijalankan pada kadar terendah 1.90%, manakala lelong pelaburan 3- tahun sebelumnya berjaya menarik sambutan baik pada nisbah permintaan-penawaran sebanyak 3.73x. Treasuries AS menerima permintaan tinggi apabila pelabur bertindakbalas terhadap penurunan taraf hutang sembilan buah negara Eropah oleh Standard & Poor s (S&P). S&P membatalkan taraf AAA dari Peranchis dan Austria, dan menurun taraf tujuh buah negara Eropah lain termasuk Sepanyol, Itali dan Portugis. Selepas itu, Treasuries mencatat kejatuhan dalam pelaburan jangka panjang berikutan keputusan lelong yang kukuh di Sepanyol dan Peranchis, dan ini melegakan sedikit kebimbangan krisis hutang Eropah. Treasuries 10-tahun menurun 10 mata asas, kembali pada tahap 2% berikutan keputusan pendapatan korporat yang kukuh dan data ekonomi yang lebih baik. Menjelang akhir bulan, Treasuries mencapai keuntungan selepas mesyuarat FOMC. Pelabur bertindakbalas terhadap langkah Federal Reserve mengekalkan kadar faedah rendah sekurang-kurangnya sehingga lewat 2014, dan kemungkinan QE3. Bahagian pertengahan keluk menerima kesan positif jangkaan kadar jangka pendek berganjak dari tahap kosong, dengan pulangan 5-tahun jatuh ke kadar terendah 0.74%. Pada bulan yang dikaji, jurang perbezaan pulangan sekuriti 2 dan 10-tahun menjadi paling rapat dalam tempoh enam minggu. Sekuriti kerajaan tempatan mendapat permintaan sebelum pembukaan semula lelong MGS 7-tahun yang berjumlah RM3.5 bilion, dan ini merupakan tender bon kerajaan pertama tahun Pada setengah awal bulan Januari, permintaan terhadap bon jangka panjang dan sederhana adalah kukuh berikutan pengumuman data ekonomi yang di bawah jangkaan, di mana keluaran industri dan eksport bulan November jatuh ke tahap terendah dalam tempoh empat bulan. Bon kerajaan meningkat, dengan pulangan 3-tahun jatuh ke bawah 3.0% apabila inflasi memperlahan ke kadar terendah dalam tempoh sembilan bulan pada Disember. Pada sepanjang tahun, inflasi domestik berada pada purata 3.20%. Penyataan Federal Reserve yang bernada sederhana menghasilkan rali dalam pasaran aset Malaysia, dengan prestasi tinggi pada bahagian pertengahan dan akhir keluk. Menjelang akhir bulan Januari, langkah liberalisasi pertukaran asing Bank Negara Malaysia dan keputusan mengekalkan kadar dasar semalaman pada 3% mengakibatkan matawang Ringgit mencapai peningkatan terbesar sejak Disember 2008, iaitu pada Keluk MGS terus mendatar, dengan bahagian akhir yang menurun.

6 Ulasan Pengurus Pegangan pelaburan pendapatan tetap Dana Pendapatan Tetap HSBC Amanah LifeSelect lebih tinggi pada 85.26% berbanding 80.94% yang direkod pada bulan lepas disebabkan oleh aktiviti pembelian. Pada bulan yang dikaji, suatu belian kuasa berkeumpilan yang melibatkan syarikat tol jalan terbesar Malaysia telah dijalankan. Dana terlibat dalam pelaburan jangka pendek dan pelaburan bertempoh 10-tahun syarikat ini dan berjaya mengaut keuntungan dari aktiviti ini Risiko Risiko pelaburan yang dikaitkan dengan pelaburan dinyatakan dalam Lembaran Pendedahan Produk. Sekiranya anda mempunyai apa-apa kemusykilan, anda dinasihatkan agar berunding dengan penasihat profesional sebelum membuat komitmen untuk melabur. Sekiranya anda membuat keputusan untuk tidak mendapatkan khidmat penasihat pelaburan profesional, anda perlu mempertimbangkan sama ada pelaburan ini sesuai berasaskan toleransi risiko, pengalaman pelaburan dan objektif anda. Maklumat Lain Anda boleh merujuk kepada Lembaran Pendedahan Produk untuk meneliti asas dan kekerapan penilaian aset dana, Yuran Pengurusan Dana tahunan dan caj lain yang berkaitan dengan dana. Dana Pendapatan Tetap HSBC Amanah LifeSelect ditaja jamin oleh HSBC Amanah Takaful (Malaysia) Sdn. Bhd. dan diuruskan oleh Pacific Mutual Fund Berhad. Bahan ini disediakan khusus sebagai maklumat sahaja. Maklumat yang terkandung di dalam ini, termasuk sebarang pernyataan pendapat atau ramalan, telah diperolehi dan berasaskan sumber yang kami yakin boleh dipercayai, tetapi tidak djamin ketepatan atau kelengkapannya. Maklumat ini diberikan tanpa sebarang kewajipan dan berasaskan kefahaman bahawa sesiapa yang bertindak ke atasnya atau bertukar pelaburan berasaskan maklumat ini berbuat demikian atas risiko sendiri. Angka prestasi masa lalu yang ditunjukkan bukan petunjuk prestasi masa depan.