STANLIB Balanced Cautious Fund and STANLIB Balanced Fund
|
|
- Tamsyn Kelly
- 8 years ago
- Views:
Transcription
1 STANLIB Balanced Cautious Fund and STANLIB Balanced Fund
2 01 STANLIB Multi-Asset Franchise 01 Investment Objective of the STANLIB Multi-Asset Franchise 01 How does the STANLIB Multi-Asset Franchise achieve this objective? 01 Benefits of investing with the STANLIB Multi-Asset Franchise STANLIB Balanced Cautious Fund 02 Who should invest in the STANLIB Balanced Cautious Fund? 02 What the fund invests in 02 Fund availability on external Linked Investment Service Provider (LISP) platforms STANLIB Balanced Fund 03 Who should invest in the STANLIB Balanced Fund? 03 What the fund invests in 03 Fund availability on external Linked Investment Service Provider (LISP) platforms Our Multi-Asset Team 05 Robin Eagar 05 Herman van Velze 05 Warren Buhai 05 Kobus Nell 05 Rochelle Moodley The Specialist Teams that contribute to the Balanced Cautious and Balanced Fund 06 Equity Franchise 06 Fixed Interest Franchise 06 Listed Property Franchise 06 Global (Managed by Offshore Partners) About STANLIB 08 Our Belief 08 Our Franchise Model 08
3 You say future potential. We say STANLIB.
4 A balanced portfolio solution provides investors with the opportunity to participate in returns from a variety of domestic and foreign assets. These different asset classes give investors diversification benefits that provide them with the comfort that their exposure to downside risk is being mitigated whilst gaining the benefit of achieving inflation-beating returns. STANLIB Multi-Asset Franchise STANLIB Multi-Asset Franchise: The STANLIB Multi-Asset Franchise manages, inter alia, the following core unit trust funds: STANLIB Balanced Cautious Fund STANLIB Balanced Fund Investment Objective of the STANLIB Multi- Asset Franchise The primary objective of all investments is to deliver longterm real returns to investors. Based on an investor s risk appetite, the STANLIB Multi- Asset Franchise provides investors with long-term real return solutions from: 1. A moderately conservative risk appetite with the STANLIB Balanced Cautious Fund, targeting CPI +3% returns over a rolling 3-5 year time horizon; to 2. A moderately aggressive risk appetite with the STANLIB Balanced Fund targeting CPI + 5% returns over a rolling 5-7 year time horizon Drawdown risk is actively managed using our allocation to lower risk assets classes, such as domestic and offshore cash and treasuries at different parts of the business cycle. How does the STANLIB Multi-Asset Franchise achieve this objective? Intrinsic value forms the foundation of all our investment decision making. We believe that economic cycles do exist and our view on intrinsic value is complemented by overlaying our view of the business cycle, which influences the future direction of interest rates and informs the conviction of our positioning in the various asset classes available to us. Input is gathered from the in-house specialists on everything from economics to domestic equity sector views and global bond input. This includes input from 35 investment professionals locally, 45 across the continent and 150 globally. Љ Љ Once all the input has been debated, we formulate our view, resulting in well-informed asset allocation decisions that assist in achieving our funds stated objectives. 1
5 Benefits of Investing with the STANLIB Multi- Asset Franchise Diversification: The funds invest in a diversified spread of offshore assets, cash, bonds, property and equity (Regulation 28 compliant) Focus: All asset classes property, fixed interest and offshore - are allocated to specialist teams to manage, providing clear focus on every component of the fund Team diversity: Each member of the Multi-Asset Team brings a different skill set and experience to the decision making process of the Franchise. This provides varied perspectives and ideas Depth: The quarterly Tactical Asset Allocation (TAA) meeting, which informs the asset allocation in our Funds, relies on the input of 35 investment professionals locally, 45 across the continent, and 150 globally. This, we believe, results in well informed asset allocation decisions Conviction: Our investors entrust us to make the investment decisions and as such, we tend to hold a lot of what we like and zero of what we don t STANLIB Balanced Cautious Fund Who should invest in the STANLIB Balanced Cautious Fund? STANLIB Balanced Cautious Fund is suitable for investors who: Require an annuity income Want to preserve capital Want to achieve capital growth The Balanced Cautious Fund can be used to address the above-mentioned needs in the following products: Investment Linked Life Annuities (post retirement products) Retirement Annuities and Preservation funds (pre-retirement products) Discretionary Investment Products What the fund invests in Domestic equity maximum of 40% Property maximum of 25% Domestic fixed interest and cash Offshore assets maximum of 25% Fund availability on external Linked Investment Service Provider (LISP) platforms You can access this fund directly through STANLIB Unit trusts or via the following LISP platforms: STANLIB Glacier Investec Momentum Old Mutual 2
6 STANLIB Balanced Fund Who should invest in the STANLIB Balanced Fund? STANLIB Balanced Fund is suitable for investors who: Require growth - investors looking for a growth solution while not being completely exposed to the equity market Want reduced volatility - the fund is highly diversified, which smooths out the long-term risk-adjusted returns Have long-term investment plans - long-term investment goals such as retirement or education plans make this fund suitable for a wide range of investors Need a long-term discretionary capital strategy What the fund invests in Domestic equity maximum of 75% Property maximum of 25% Offshore maximum of 25% * Africa maximum 5% Domestic fixed interest and cash Fund availability on external Linked Investment Service Provider (LISP) platforms You can access this fund directly through STANLIB Unit trusts or via the following LISP platforms: STANLIB AIMS Allan Gray Glacier Investec Momentum Old Mutual PPS PSG * Regulation 28 stipulates that the maximum exposure to Equities and Property combined is 90% 3
7 Our Multi-Asset Team Robin Eagar Herman van Velze Warren Buhai Kobus Nell Rochelle Moodley Co-Head of Multi-Asset Franchise BSc(Eng), Accounts Conversion 17 Years industry service Co-Head of Multi-Asset Franchise BEng, MBL 27 Years industry service Senior Portfolio Manager: Multi-Asset Franchise BCompt(Hons), CA(SA), CFA 14 Years industry service Senior Portfolio Manager: Multi-Asset Franchise CA(SA), CFA 12 Years industry service Analyst SAIFM (South African Institute of Financial Markets) 18 Years industry service Each member of the Multi-Asset Team brings a different skill set and background, providing varied perspectives and ideas. Robin Eagar Robin currently co-heads STANLIB s highly successful Multi- Asset and Core Equity Franchises and has an intrinsic value orientation towards shares. Robin began his career in 1998 with Standard Bank s Corporate Finance team in Johannesburg, advising on corporate restructures, mergers and acquisitions and public to private transactions. He had previously spent five years working in private equity and corporate finance in London investing in various emerging markets and the UK. Robin joined the STANLIB investment team in 2005 as an industrial analyst and shortly thereafter became a general equity manager in the Aggressive Equity space. Robin joined the Multi-Asset team in 2007 focussing on managing larger Life Policy assets. Herman van Velze Herman currently co-heads STANLIB s highly successful Multi-Asset Franchise. He began his investment career in 1993 as a mining analyst and resource portfolio manager, and was appointed Head of Research at Standard Corporate and Merchant Bank in Following the merger with Liberty Asset Management that formed STANLIB in 2002, Herman joined the portfolio management team responsible for specialist mandate clients, and was subsequently appointed Head of Retirement Funds. Warren Buhai Warren re-joined STANLIB in 2009 and is a Senior Portfolio Manager in the Multi-Asset and Core Equity Franchises. His previous experience with STANLIB was in research and portfolio management in resources and commodity-related funds. In the interim, Warren also obtained experience in the USA, as MD of Investments for a US$500 million private client business targeting opportunities in developed, emerging and frontier markets. Warren also spent five years gaining broad experience with Standard Bank s Corporate Finance team. Warren obtained his Bachelor s and Honours degrees studying part-time while working primarily in the audit division of Ernst & Young where he qualified as a chartered accountant. He is also a CFA charter holder. Kobus Nell Kobus joined STANLIB in 2003 on completion of his auditing articles. His early career included managing roles in the unit trust pricing, corporate actions and confirmations departments, where he was instrumental in automating a number of key system processes. During this period in operations, he also learned the ropes at matching and settlements, client reporting and securities lending. Kobus joined the investment team as an equity dealer in 2007 and was promoted to an assistant equity Portfolio Manager in He has experience as a research analyst, in the Resources sector and has been managing the STANLIB Gold and Precious Metals Fund since In 2014 this fund was merged into the STANLIB Resources Fund which he is currently managing. Kobus is now a Portfolio Manager for the Multi-Asset Franchise, which he joined in He is a PricewaterhouseCoopers-trained chartered accountant and is also a CFA charter holder. Rochelle Moodley Rochelle has been an analyst with the Multi-Asset Franchise team since She has been with STANLIB and its forerunner Liberty Asset Management since 1996, and has built much of her career in the Dealing Room, rising from junior assistant to Securities Lending Trader and trainee dealer, assisting both the bond and equity teams. Rochelle also has four years experience as an assistant manager in Institutional Operations, where her responsibilities included managing the Confirmation and Settlements teams and trading in Securities Lending on behalf of the Liberty Group. 5
8 The specialist teams that contribute to the Balanced Cautious and Balanced Fund Equity Franchise The Multi-Asset Franchise is also responsible for managing the Core Equity Franchise. They have worked together for years and leverage off each other s strengths to create team synergies evidenced in their fund performance. The Core Equity Franchise overlays their own research and convictions over the broader in-house equity research before making any buy or sell decisions. The research overlay focuses on causal drivers of earnings, cash flows and returns. They require analysts to provide extensive input into the key criteria that they believe are drivers of earnings, cash flows and returns. They believe in the importance of anticipating economic cycles and determining which industries are best placed to benefit. Fixed Interest Franchise The Fixed Interest Team, which is headed up by Henk Viljoen, is highly qualified with extensive experience in the industry and has been working together for over 10 years. The Franchise houses the Money Market, Bonds, Income, Liability Driven Investments and Credit Teams. Other fixed interest managers typically develop skills that allow for outperformance of their benchmark through predominantly one strategy. Individual strategies can result in outperformance from time to time but they may not do so consistently. The Fixed Interest Franchise aims to exploit multiple strategies on a continuous basis, to be better positioned to outperform during all phases of the market. Listed Property Franchise The Listed Property Franchise is a leading Listed Property Manager in the country. In addition, the size of their Property book and their strong ties to Liberty Properties and Standard Bank Properties further strengthens their influence when it comes to voting, private placements and liquidity. The Franchise is headed by Keillen Ndlovu. STANLIB s specialist asset class management approach allows the Team to make use of an all-encompassing, thorough research process and portfolio construction process. The focus and dedication of the Team to a single asset class only, enables the use of both a broad top-down, as well as detailed asset-specific, bottom-up approach. Global (Managed by Offshore Partners) Global Equities Founded in 1994, Threadneedle is an established global asset manager with assets under management of US$150.1 billion with a compliment of over 160 investment professionals. Their sole focus is the active management of client assets across equities, fixed income, commodities, multi-asset exposures and property. Threadneedle offers emerging market exposure within a diversified global portfolio of stocks. The Threadneedle investment process is driven primarily using bottom-up fundamental analysis, although some top-down analysis is applied in the context of the macro environment. Their investment style is market driven and the portfolio is not expected to display persistent style biases over different economic cycles therefore style agnostic. Their strategy exploits value opportunities during value cycles and growth opportunities during growth cycles. Global Bonds Founded in 1986, Brandywine Global Investment Management manages US$63 billion in assets as at 31 December Core to their principles is seeking value not yet recognised by others. Brandywine applies a top-down, value-driven process when structuring global income portfolios. Real (inflation-adjusted) yield is their primary measure of value. Currency valuation is next in importance, as the real yield must be captured in US dollars. They focus on appreciating, undervalued currencies and overvalued currencies that can be hedged. Inflation trends, political risks, monetary trends, and business cycle and liquidity measures are also considered. Brandywine typically concentrate investments in eight to 16 countries that appear to offer the best total return potential. Global Cash Fidelity Worldwide Investment (FIL Limited) was established in 1969 and provides asset management services to investors all over the world. They have portfolio management and research staff in major financial centres around the world and offices in 25 countries. Fidelity International and its subsidiaries manage assets worth $276 billion (as at 30 September 2014). The cornerstone of Fidelity s investment approach is research. As well as studying financial results, analysts and fund managers visit companies, meet their managers and talk to suppliers, customers and distributors, giving the investment team a clear 360 view of each company they invest in. 6
9 About STANLIB STANLIB is a leading asset management company in South Africa and manages assets in excess of R579 billion* (USD37 billion) for over retail and institutional clients across the African continent. We have a physical presence in 10 African countries and are able to leverage from a wider Standard Bank Group Africa footprint. STANLIB Focused Investing Our Belief There is no one size fits all investment solution for clients. Diverse clients need diverse investment outcomes. We therefore look at investments through many lenses and from many angles - this gives us an in-depth understanding of an ever-changing investment landscape. Our investment model thus houses multiple focused units with unique philosophies, which cater for diverse client needs. Our Franchise Model The STANLIB investment team consists of Franchises made up of specialist teams of investment professionals. They manage clients assets in their area of expertise, namely: fixed interest, property, equities, multi-asset allocation, multi-management and alternatives. These specialist investment teams deal with market changes with agility and speed, as they are supported by dedicated research, trade, implementation, risk management and compliance teams. Our Multi-Specialist Franchise Model truly reflects the complex investment world we operate in and echoes our desire to deliver tailored solutions for diverse clients. Result A broad investment offering designed to deliver our investment promise to clients. *As at 31 December
10 Some choose not to follow their passion. Our track record is proof that we do. Our passion. Your investment s success. Compliance number: 3DR068 STANLIB is an Authorised Financial Services Provider
11 Disclaimer Collective investment schemes in securities are generally medium to long-term investments. The value of participatory interests may go down as well as up and past performance is not necessarily a guide to the future. An investment in the participations of a collective investment scheme in securities is not the same as a deposit with a banking institution. Participatory interest prices are calculated on a net asset value basis, which is the total value of all assets in the Fund including any income accrual and less any permissible deductions from the Fund divided by the number of participatory interests in issue. Permissible deductions include brokerage, UST, auditor s fees, bank charges, trustee/custodian fees and the service charge levied by STANLIB Collective Investments (RF) Limited ( the Manager ). Where exit fees are applicable, participatory interests are redeemed at the net asset value where after the exit fee is deducted and the balance is paid to the investor. A Portfolio of a collective investment scheme in securities may borrow up to 10% of the market value of the Fund to bridge insufficient liquidity as a result of the redemption of participatory interests, and may also engage in scrip lending. Where different classes of participatory interests apply to certain Portfolios, they would be subject to different fees and charges. A schedule of fees and charges and maximum commissions is available on request from the Manager. Commission and incentives may be paid and if so, would be included in the overall costs. The exposure limit to a single security in this Portfolio can be greater than is permitted for other Portfolios in terms of the Collective Investment Schemes Control Act, 2002 ( the Act ). Details are available from the Manager. A Fund of Funds Portfolio only invests in other collective investment schemes, which levy their own charges, which could result in a higher fee structure for these portfolios. A Feeder Fund Portfolio only invests in the participatory interests of a single Portfolio of a collective investment scheme apart from assets in liquid form. The Manager reserves the right to close certain Portfolios from time to time in order to manage them more efficiently. More details are available from the Manager. Forward pricing is used. Fluctuations or movements in exchange rates may cause the value of underlying international investments to go up or down. The Manager undertakes to repurchase participatory interests at the price calculated according to the requirements of the Collective Investment Schemes Control Act, 2002, and on the terms and conditions of the relevant Deeds. Payment will be made within 14 days of receipt of a valid repurchase form. Any capital gain realized on the disposal of a participatory interest in a collective investment scheme is subject to Capital Gains Tax (CGT). The Manager is obliged to report on the weighted average cost method for CGT purposes. All portfolios are valued on a daily basis at 15h30, except for some Fund of Funds Portfolios and Feeder Fund Portfolios, which are valued at 17h00. Investments and Repurchases will receive the price of the same day if received prior to 15h30. The Fund Charges document (including the Performance Fee Frequently Asked Questions) is available on ( Investment for Individuals section). Liberty is a member of the Association of Savings and Investment of South Africa. The Manager is a member of the Liberty group of companies. Contact details of Trustees: Absa Bank Ltd, 1st Floor, 15 Alice Lane, Sandton, Telephone STANLIB Collective Investments (RF) Limited (Reg. No. 1969/003468/06) Liberty is a member of the Association for Savings and Investment of South Africa. The Manager is a member of the Liberty group of companies. Compliance Number: 816HXO 10
12 17 Melrose Boulevard Melrose Arch 2196 PO Box 203 Melrose Arch 2076 T (SA only) T +27 (0) E contact@stanlib.com W stanlib.com GPS coordinates S , E W STANLIB Asset Management Limited Reg. No. 1969/002753/06 Authorised FSP in terms of the FAIS Act, 2002 (Licence No. 26/10/719) 2647_Q42012
STANLIB Global Emerging Markets Property Capability
STANLIB Global Emerging Markets Property Capability 01 Our belief Listed property as an asset class 02 Why invest in emerging market listed property? STANLIB Global Emerging Markets Property Capability
More informationInvestment Management Services. Botswana
Investment Management Services Botswana 01 STANLIB Investment Management Services 02 STANLIB Botswana Money Market Fund 03 STANLIB Botswana Managed Prudential Fund 04 STANLIB Botswana Equity Fund 05 General
More informationInvestment Portfolio LIFE INVESTMENTS HEALTH CORPORATE PROPERTIES ADVICE
Investment LIFE INVESTMENTS HEALTH CORPORATE PROPERTIES ADVICE The Corporate Selection Umbrella Product aims to offer a range of investment choices, to meet the savings needs of different employers and
More informationKENYA UNIT TRUSTS EQUITY FUND MANAGED FUND SHILLING FUND FIXED INCOME FUND
KENYA UNIT TRUSTS EQUITY FUND MANAGED FUND SHILLING FUND FIXED INCOME FUND African Alliance is an investment banking group operating in Africa. We provide local and on-the-ground investment banking services
More informationMLC MasterKey Unit Trust Product Disclosure Statement (PDS)
MLC MasterKey Unit Trust Product Disclosure Statement (PDS) Preparation date 1 July 2014 Issued by MLC Investments Limited (MLC) ABN 30 002 641 661 AFSL 230705 This information is general and doesn t take
More informationnew international personal share portfolio
new international personal share portfolio Your opportunity to own a custom-built share portfolio of internationally listed securities wealth Whilst the Johannesburg Stock Exchange is the largest stock
More informationDiscretionary Wealth Management
Discretionary Wealth Management Specialist, Focused, Committed Using experience and expertise to invest for your future Contents 1 The practical importance of wisdom 2 Introduction to Discretionary Wealth
More informationStrength Endurance. Global credentials. Our Heritage
Strength Endurance Global credentials Investec Wealth & Investment is South Africa s leading provider of investment services to high net worth individuals. We offer global investment services tailored
More informationPre-Retirement Product Portfolio List as at 11 December 2015
Pre-Retirement Product Portfolio List as at 11 December 2015 GENERAL INFORMATION OVERVIEW FEES (Excl. VAT) Name ification Hollard Prime Money Market Maximise interest income, preserve the fund's capital
More informationYour investment options explained
Your investment options explained for the Plum Superannuation Fund Issued by the Trustee: PFS Nominees Pty Ltd ABN 16 082 026 480 AFSL 243357 Fund: Plum Superannuation Fund ABN 20 339 905 340 Administrator:
More informationA Guide to Hargreave Hale Portfolio Management Services
A Guide to Hargreave Hale Portfolio Management Services Need some help? Please contact your local office if you have any questions: London 020 7009 4900 Blackpool 01253 621 575 Bangor 01248 353 242 What
More informationOUR SERVICES. private clients. CityAsset MANAGEMENT PLC
CityAsset MANAGEMENT PLC OUR SERVICES private clients The value of investments and the income arising from them, can go down as well as up, and is not guaranteed, which means that you may not get back
More information2016 Reviewed Interim Results for the six months ended 31 March 2016. 17 May 2016
2016 Reviewed Interim Results for the six months ended 31 March 2016 17 May 2016 Agenda Highlights Business update Institutional Retail Financial results Closing remarks 1 Highlights Highlights as at 31March
More informationInvestment Services 4 4
Investment Intelligence Our Philosophy 1 Our philosophy is to provide unbiased top quality investment services and solutions tailored to your individual needs, objectives and risk tolerance based on a
More informationEquity and Fixed Income Funds The London & Capital Managed Series of UCITS IV Funds
Equity and Fixed Income Funds The London & Capital Managed Series of UCITS IV Funds 1 Equity and Fixed Income Funds London & Capital Equity and Fixed Income Funds London & Capital 2 We are an independently-owned
More informationDisclosure Document Morningstar High Growth Portfolio
Disclosure Document Morningstar High Growth Portfolio Managed Portfolio Disclosure Document for investors investing through the IDPS operated by HUB24 Custodial Services Ltd (HUB24) dated 1 December 2015,
More informationAbout Hedge Funds. What is a Hedge Fund?
About Hedge Funds What is a Hedge Fund? A hedge fund is a fund that can take both long and short positions, use arbitrage, buy and sell undervalued securities, trade options or bonds, and invest in almost
More informationAmended as of June 23, 2015
THE WALLACE FOUNDATION INVESTMENT POLICY Amended as of June 23, 2015 1. INVESTMENT GOAL The investment goal of The Wallace Foundation (the Foundation) is to earn a total return that will provide a steady
More informationA simple solution to the investment puzzle. Multi-asset Funds. Ready-made investment funds matched to your attitude to risk
A simple solution to the investment puzzle Multi-asset Funds Ready-made investment funds matched to your attitude to risk Contents Why Aviva Investors? 2 A simple solution to investing 3 Are these funds
More informationFirstChoice Employer Super
FirstChoice Employer Super Investment Options Menu Issue No 2014/1, dated 19 May 2014 Issued by: Colonial First State Investments Limited ABN 98 002 348 352 AFS Licence 232468 MySuper Authorisation Identifier
More informationLOCAL INVESTMENT PLATFORM FUND LIST EFFECTIVE 30 SEPTEMBER 2015 VERSION 6.5
LOCAL INVESTMENT PLATFORM FUND LIST EFFECTIVE 30 SEPTEMBER 2015 VERSION 6.5 This information is subject to change. Please refer to www.allangray.co.za for up to date information. This brochure is printed
More informationMERCER GLOBAL CREDIT FUND Product Disclosure Statement
MERCER GLOBAL CREDIT FUND Product Disclosure Statement 1 June 2015 ARSN: 141 046 282 APIR: MIN0032AU Contents Page 1. About Mercer Investments (Australia) Limited 2 2. How the Mercer Global Credit Fund
More informationNewGold and NewPlat Exchange Traded Funds. Corporate and Investment Banking
NewGold and NewPlat Exchange Traded Funds Corporate and Investment Banking ETFs an introduction What are ETFs? An exchange-traded fund (or ETF) is an investment vehicle traded on a stock exchange, much
More informationHSBC Mutual Funds. Simplified Prospectus June 15, 2016
HSBC Mutual Funds Simplified Prospectus June 15, 2016 Offering Investor Series, Advisor Series, Premium Series, Manager Series and Institutional Series units of the following Funds: Cash and Money Market
More informationFIDUCIAN TECHNOLOGY FUND
PRODUCT DISCLOSURE STATEMENT FIDUCIAN TECHNOLOGY FUND ARSN 093 544 337 2 MARCH 2015 This Product Disclosure Statement (PDS) provides a summary of significant information about the Fiducian Technology Fund
More informationGUIDE To INVESTING At Intrinsic our approach to investment advice is based on clearly understanding your financial situation, your goals, and how
GUIDE To INVESTING At Intrinsic our approach to investment advice is based on clearly understanding your financial situation, your goals, and how much risk you are prepared to take with your money. 2 GUIDE
More informationMANAGED PORTFOLIO SERVICE
When clients select our Managed Portfolio Service they expect us to take care of their wealth. Over the past decade we have been proactive and innovative in expanding our offering to meet the evolving
More informationMERCHANT NAVY OFFICERS PENSION FUND STATEMENT OF INVESTMENT PRINCIPLES
MERCHANT NAVY OFFICERS PENSION FUND STATEMENT OF INVESTMENT PRINCIPLES Introduction The main purpose of the MNOPF is the provision of pensions for Officers in the British Merchant Navy on retirement at
More informationINVESTMENT POLICY April 2013
Policy approved at 22 April 2013 meeting of the Board of Governors (Minute 133:4:13) INVESTMENT POLICY April 2013 Contents SECTION 1. OVERVIEW SECTION 2. INVESTMENT PHILOSOPHY- MAXIMISING RETURN SECTION
More informationThe Master Statement of Investment Policies and Objectives of The Lower Colorado River Authority Retirement Plan and Trust. Amended June 16, 2015
The Master Statement of Investment Policies and Objectives of The Lower Colorado River Authority Retirement Plan and Trust Amended June 16, 2015 Introduction The Lower Colorado River Authority ( LCRA )
More informationWriting your charity s investment policy A guide
Writing your charity s investment policy A guide www.cfg.org.uk www.charityinvestorsgroup.org.uk Contents Introduction What is this guide for?... 1 Who is this guide for?... 1 Why have a written investment
More informationrtfx asset ManageMent ServiceS INFORMATION BROCHURE
rtfx asset ManageMent ServiceS INFORMATION BROCHURE Our History RTFX Ltd is a pioneer in the online Foreign Exchange market with a history dating back to 1995 when the first of the group of strategic partnering
More informationMorningstar Core Equities Portfolio
Morningstar Core Equities Portfolio Managed Portfolio Disclosure Document for members dated 29/02/2016. The Portfolio Manager is Morningstar Australasia Pty Limited (ABN 95 090 665 544, AFSL 240892). Issued
More informationRealFin Capital Partners Global Multi-Asset Portfolio (GMAP)
RealFin Capital Partners Global Multi-Asset Portfolio (GMAP) RealCap Global Multi-Asset Portfolio GLOBAL Investing in assets anywhere in the world MULTI-ASSET Equities, bonds/cash, real estate, commodities
More informationAMP Capital Investment Funds
AMP Capital Investment Funds Investment Statement Dated: 18 September 2015 Issued by AMP Investment Management (N.Z.) Limited Important information (The information in this section is required under the
More informationInvestment options and risk
Investment options and risk Issued 1 July 2015 The information in this document forms part of the Product Disclosure Statement for the Public Sector Superannuation accumulation plan (PSSap), eighth edition,
More informationPrivate Wealth Management
Private Wealth Management 1 Cazenove European Fund About us Cazenove Capital Management provides a comprehensive and independent wealth management service. We believe that this independence is fundamental
More informationInvestment Philosophy
Investment Philosophy Our unique approach to investment management puts you at the heart of everything we do Wealth and Investment Management Discover a new side to your personality: your investment self
More informationMEETING YOUR INVESTMENT NEEDS
MEETING YOUR INVESTMENT NEEDS Discovery Invest is an award winning provider of investment products in South Africa and is part of the Discovery Group. Our investment offering is comprehensive and is built
More informationKEY INFORMATION DOCUMENT
KEY INFORMATION DOCUMENT PSG WEALTH OFFSHORE SHARE TRADING ACCOUNT PAGE 0 This document is a summary of key information about the PSG Wealth offshore share trading account. It will help you understand
More informationMERCER GLOBAL LOW VOLATILITY SHARES FUND Product Disclosure Statement
MERCER GLOBAL LOW VOLATILITY SHARES FUND Product Disclosure Statement 1 June 2015 ARSN: 154 973 154 APIR: MIN0083AU Contents Page 1. About Mercer Investments (Australia) Limited 2 2. How the Mercer Global
More informationTHAMESIDE financial planning
THAMESIDE financial planning OUR INVESTMENT APPROACH UNDERSTANDING INVESTMENT RISK An overview Thameside Financial Planning recognises the importance of working with you to understand, achieve and maintain
More informationMLC Investment Trust Product Guide
MLC Investment Trust Product Guide Preparation date 1 July 2014 Issued by The Trustee, MLC Investments Limited ABN 30 002 641 661 AFSL 230705 The purpose of this guide is to give you the information you
More informationHSBC World Selection Portfolios The smart way to diversify your customers investments
HSBC World Selection Portfolios The smart way to diversify your customers investments 2 A smart way to invest 3 The benefit of diversification 6 How is HSBC World Selection managed? 8 What are the advantages
More informationKEY INFORMATION DOCUMENT
KEY INFORMATION DOCUMENT PSG WEALTH CURRENCY FUTURES TRADING ACCOUNT TRADING ACCOUNT PAGE 0 This document is a summary of key information about the PSG Wealth currency futures trading account. It will
More informationRISK ASSESSMENT QUESTIONNAIRE
Time Horizon 6/14 Your current situation and future income needs. 1. What is your current age? 2. When do you expect to start drawing income? A Less than 45 A Not for at least 20 years B 45 to 55 B In
More informationInvestment Strategy for Pensions Actuaries A Multi Asset Class Approach
Investment Strategy for Pensions Actuaries A Multi Asset Class Approach 16 January 2007 Representing Schroders: Neil Walton Head of Strategic Solutions Tel: 020 7658 2486 Email: Neil.Walton@Schroders.com
More informationCorporate and Investment Banking. Absa Retirement Annuity Fund: Core Portfolio. Keeping you financially fit for retirement prosperity
Corporate and Investment Banking Absa Retirement Annuity Fund: Core Portfolio Keeping you financially fit for retirement prosperity Contents Absa Retirement Annuity Fund: Core Portfolio 2 About the Core
More informationFUNDS KEY FEATURES. This is an important document. Please keep it safe for future reference.
LEGAL & GENERAL Portfolio BoND (NATioNWIDE IPS) FUNDS KEY FEATURES. This is an important document. Please keep it safe for future reference. 2 CONTENTS WhAT ARE the FUNDS KEY FEATURES? USING THE FUNDS
More informationINVESTMENTS FOR LIVING. Introducing Lifestyle Portfolios
INVESTMENTS FOR LIVING Introducing Lifestyle Portfolios I WANT INVESTMENTS THAT GIVE ME FLEXIBILITY AND CHOICE Lifestyle Portfolios from Lloyds Bank International help you keep pace with the ever-changing
More informationInvestment Education Series
Investment Education Series Types of Investment Funds Introduction Investment fund basically refers to a pool of funds, but our focus in this edition of GTBAM education series is to highlight the features,
More informationdecidedly different Catalyst Mutual Funds Brochure
decidedly different Catalyst Mutual Funds Brochure Our Mission We strive to provide innovative strategies to support financial advisors and their clients in meeting the investment challenges of an ever
More information2010 Portfolio Management Guidelines
2010 Portfolio Management Guidelines Preamble The Board of Directors of the Swiss Bankers Association has adopted these Guidelines in order to maintain and enhance the reputation and high quality of Swiss
More informationFIDUCIAN AUSTRALIAN SHARES FUND
PRODUCT DISCLOSURE STATEMENT FIDUCIAN AUSTRALIAN SHARES FUND ARSN 093 542 271 2 MARCH 2015 This Product Disclosure Statement (PDS) provides a summary of significant information about the Fiducian Australian
More informationInvestment Options and Risk
Investment Options and Risk Issued 1 July 2013 The information in this document forms part of the Product Disclosure Statement for the Military Superannuation and Benefits Scheme (MilitarySuper), third
More informationCorporate and Investment Banking. Absa Retirement Annuity Fund: Core Portfolio. Keeping you financially fit for retirement prosperity
Corporate and Investment Banking Absa Retirement Annuity Fund: Core Portfolio Keeping you financially fit for retirement prosperity Contents Absa Retirement Annuity Fund: Core Portfolio 3 About the Core
More informationJUMP TO. 1. Risks of superannuation 3. 2. How we invest your money 5. Russell iq Super Employer Division General Division 1 July 2015
Russell iq Super Employer Division General Division 1 July 2015 JUMP TO 1. Risks of superannuation 3 2. How we invest your money 5 The information in this document provides additional information to the
More informationInvestment Bond. Funds key features. This is an important document. Please keep it safe for future reference.
Investment Bond Funds key features. This is an important document. Please keep it safe for future reference. 2 WHAT ARE THE FUNDS KEY FEATURES? This document is part of the information we provide you to
More informationManaged by an experienced team of fixed income specialists. Diversified portfolio of 60-70 holdings
Alliance Trust monthly income bond fund built to outmanoeuvre the competition The newly launched Alliance Trust Monthly Income Bond Fund has been designed to invest in a diversified portfolio of predominantly
More informationZurich Investment Bonds. Funds guide
Zurich Investment Bonds Funds guide Contents Introduction 3 List of current investment funds by sector 4 Investment choice and flexibility 6 Fund risks 7 Managed funds 8 Multimanaged funds 10 UK equity
More informationLEGAL & GENERAL SELECT PORTFOLIO BOND (nationwide) FUNDS KEY FEATURES. This is an important document. Please keep it safe for future reference.
LEGAL & GENERAL SELECT PORTFOLIO BOND (nationwide) 1 FUNDS KEY FEATURES. This is an important document. Please keep it safe for future reference. 2 LEGAL & GENERAL SELECT PORTFOLIO BOND (NATIONWIDE) FUNDS
More information1 Regional Bank Regional banks specialize in consumer and commercial products within one region of a country, such as a state or within a group of states. A regional bank is smaller than a bank that operates
More informationTMLS Singapore Bond Fund (the Fund ) is an investment-linked policy sub-fund offered by Tokio Marine Life Insurance Singapore Ltd.
TMLS SINGAPORE BOND FUND SUMMARY (SUPPLEMENT TO PRODUCT SUMMARY) This supplement forms part of the product summary. You should read this together with the relevant Product Summary. Description of the Fund
More informationGlossary of Investment Terms
online report consulting group Glossary of Investment Terms glossary of terms actively managed investment Relies on the expertise of a portfolio manager to choose the investment s holdings in an attempt
More informationdecidedly different Catalyst Mutual Funds Investor Overview
decidedly different Catalyst Mutual s Investor Overview Our Mission We strive to provide innovative strategies to support financial advisors and their clients in meeting the investment challenges of an
More informationT. Rowe Price Wholesale Plus Global Equity Fund
T. Rowe Price Wholesale Plus Global Equity Fund Product Disclosure Statement ( PDS ) Issued 10 August 2015 ARSN 602 109 357 APIR BTA0538AU Contents 1. About BT Funds Management Limited 2 2. How the Fund
More informationInvestment for charities. Good thinking. Well applied.
Investment for charities Good thinking. Well applied. 1 2 Balancing capital preservation and income generation Royal London Asset Management (RLAM) has around 200 charity clients from a wide variety of
More informationRussell Funds Russell Tax Exempt Bond Fund Money Manager and Russell Overview September 2015
Money Manager and Russell Overview September 2015 Russell s investment approach Russell uses a multi-asset approach to investing, combining asset allocation, manager selection and ongoing portfolio management
More informationZurich Investment Bonds. Funds guide
Zurich Investment Bonds Funds guide Contents Introduction 3 List of current investment funds by sector 4 Investment choice and flexibility 6 Fund risks 7 Managed funds 8 Multimanaged funds 10 UK equity
More informationBT Balanced Equity Income Fund
BT Balanced Equity Income Fund Product Disclosure Statement (PDS) Issued 26 September 2012 Contents 1 About BT Investment Management (RE) Limited 2 How the BT Balanced Equity Income Fund works 3 Benefits
More information1 JULY 2015. Investment Guide INDUSTRY, CORPORATE AND PERSONAL DIVISIONS
1 JULY 2015 Investment Guide INDUSTRY, CORPORATE AND PERSONAL DIVISIONS Your investment choice TWUSUPER was established in 1984 as the Industry SuperFund for people in transport and logistics. By understanding
More informationA guide to the Kames High Yield Bond Fund
www.kamescapital.com A guide to the Kames High Yield Bond Fund For professional investors only 1 What s in the Fund? The Fund invests primarily in high yield bonds. It can, however, hold some investment
More informationThink Huge Investments - Investment Mandate
Think Huge Investments - Investment Mandate About Think Huge Investments Pty Ltd Think Huge Investments Pty Ltd is an Australian based boutique investment company. Think Huge Investments Pty Ltd is a corporate
More informationManaged Funds Series
Managed Funds Series Namibia s Unit Trust Market Leader 2 - Managed Funds Index 4 Introduction Fund Categories 5 Asset Classes 6 Portfolio Construction 7 Investment Approach 8 Investment Process 9 Our
More informationSixteenth Meeting of the IMF Committee on Balance of Payments Statistics Washington D.C., December 1 5, 2003
BOPCOM-03/23 Sixteenth Meeting of the IMF Committee on Balance of Payments Statistics Washington D.C., December 1 5, 2003 The Statistical Treatment of Unit Trusts Prepared by the South African Reserve
More informationInvestment options and risk
Investment options and risk Issued 1 November 2013 The information in this document forms part of the Product Disclosure Statement for the Commonwealth Superannuation Scheme (CSS), sixth edition, issued
More informationInvestment management. Tailor-made investment solutions
Investment management Tailor-made investment solutions ABOUT US Tilney Bestinvest is a leading investment and financial planning firm that builds on a heritage of more than 150 years. We look after more
More informationDiversified Managed Allocations
Diversified Managed Allocations Multi-strategy portfolios with a focus on flexibility Is this program right for you? DMA is designed for investors who: Want experienced, professional money managers to
More informationHSBC Mutual Funds. Simplified Prospectus June 8, 2015
HSBC Mutual Funds Simplified Prospectus June 8, 2015 Offering Investor Series, Advisor Series, Premium Series, Manager Series and Institutional Series units of the following Funds: HSBC Global Corporate
More informationKey features of your Old Mutual International Investment Portfolio
Key features of your Old Mutual International Investment Portfolio Spice Boxes were carefully crafted and customised for their recipients, no two were ever the same. Contents at a glance - The Investment
More informationBOARD NOTICE.. OF 2013 FINANCIAL SERVICES BOARD COLLECTIVE INVESTMENT SCHEMES CONTROL ACT, 2002
1 BOARD NOTICE.. OF 2013 FINANCIAL SERVICES BOARD COLLECTIVE INVESTMENT SCHEMES CONTROL ACT, 2002 DETERMINATION OF SECURITIES, CLASSES OF SECURITIES, ASSETS OR CLASSES OF ASSETS THAT MAY BE INCLUDED IN
More informationdecidedly different Catalyst Mutual Funds Investor Overview
decidedly different Catalyst Mutual Funds Investor Overview Our Mission We strive to provide innovative strategies to support financial advisors and their clients in meeting the investment challenges of
More informationAsset Management Portfolio Solutions Disciplined Process. Customized Approach. Risk-Based Strategies.
INSTITUTIONAL TRUST & CUSTODY Asset Management Portfolio Solutions Disciplined Process. Customized Approach. Risk-Based Strategies. As one of the fastest growing investment managers in the nation, U.S.
More informationOLD MUTUAL SUPERFUND SUPERFUND CHOICE AND PRESERVER INVESTMENT PORTFOLIOS AND FEES LIST
OLD MUAL SUPERFUND SUPERFUND CHOICE AND PRESERVER INVESTMENT PORTFOLIOS AND FEES LIST AS AT 1 SEPTEMBER 2015 Risk Profile Profile Name TRUSTEE CHOICE INVESTMENT PACKAGE 0.55% Capital : 0.70% per annum,
More informationFIRSTCHOICE INVESTMENT OPTIONS MENU
FIRSTCHOICE INVESTMENT OPTIONS MENU Investments Personal Super Pension Issue No 2015/1, dated 18 May 2015 Issued by: Colonial First State Investments Limited ABN 98 002 348 352 AFS Licence 232468 This
More informationYOUR GUIDE TO GETTING STARTED
George Mason University Cash Match Plan (#72170) Invest in your retirement and yourself today, with help from The George Mason 401(a) Match Plan and Fidelity. YOUR GUIDE TO GETTING STARTED Invest some
More informationSEI Japan Equity Fund As at 30th June, 2009
Benchmark TOPIX Base Currency JPY Currencies Available EUR, GBP Fund Complex SEI Global Assets Fund PLC SEI Japan Equity Fund As at 30th June, 2009 SEI MANAGER OF MANAGERS PHILOSOPHY SEI employs a sophisticated
More informationAnnual Information Form dated May 12, 2016
Offering securities of the Investor Series, unless otherwise indicated (and securities of the Advisor, F, Institutional, M, O, R, F5, T5, T, E, FT, N and NR Series where indicated). Annual Information
More informationA selection of hedge fund account offerings available to both retail and professional investors
A selection of hedge fund account offerings available to both retail and professional investors Titan Investment Partners was founded in 2012 in response to a gap within both the fund management & spread
More informationComponent Exchange Traded Funds. Corporate and Investment Banking
Component Exchange Traded Funds Corporate and Investment Banking Table of Content s Exchange Traded Funds 3 Component Exchange Traded Funds: An overview 3 NewFunds ILBI ETF 4 Fund Overview 4 Index Methodology
More informationAlphabeta FX. Asset Management Services. Information Brochure
Alphabeta FX Asset Management Services Our History UNPREDECENTED LIQUIDITY ABFX Inc., is a pioneer in the online Foreign Exchange market with a history dating back to 2009 when the first of the group of
More informationPremier Private Client Portfolio
Premier Private Client Portfolio Available through Lighthouse Group LIGHTHOUSEGROUP Whether seeking a steady income stream, strong long term capital growth or a combination of both, finding a portfolio
More informationModel Portfolio Managers
Model Portfolio Managers As a financial adviser, you know your clients and you are equipped to advise on and implement the best solution for them. By using your investment expertise to select and/or create
More informationETFs for private investors
ETFs for private investors Simple products. Sophisticated strategies. ETFs Exchange Traded Funds (ETFs) are instruments which track an index. Indices can be country or region specific and based on emerging
More informationPREMIER PORTFOLIO MANAGEMENT SERVICE INVESTOR GUIDE FOR CLIENTS OF PROFESSIONAL FINANCIAL ADVISERS ONLY
PREMIER PORTFOLIO MANAGEMENT SERVICE INVESTOR GUIDE FOR CLIENTS OF PROFESSIONAL FINANCIAL ADVISERS ONLY 2 Premier Portfolio Management Service Investor Guide WELCOME Neil Birrell Chief Investment Officer
More informationMagellan Global Fund. Product Disclosure Statement 16 June 2014. Contents. Contact Details ARSN 126 366 961 APIR MGE0001AU
Magellan Global Fund ARSN 126 366 961 APIR MGE0001AU Product Disclosure Statement 16 June 2014 Issued by Magellan Asset Management Limited ABN 31 120 593 946, AFS Licence No. 304 301 Contents 1. About
More informationA new landmark in trading
A new landmark in trading DERIVATIVES MARKET Equity Derivatives Dividend Futures www.jse.co.za Johannesburg Stock Exchange The JSE in collaboration with Deutsche Bank and Investec Capital Markets is launching
More informationWealth management Guide for financial advisers
Wealth management Guide for financial advisers Wealth management 1 Contents 01 Welcome to Standard Life Wealth 03 Why choose Standard Life Wealth to work with? 04 How we aim to meet your clients financial
More informationYour Complete Investment Solution taking care of you...
investment funds Your Complete Investment Solution taking care of you... Introduction New Ireland is one of the leading providers of investment solutions within the Irish market today. We offer a range
More information