WESLEYAN INVESTMENT PORTFOLIOS UNIT TRUSTS AND ISAS

Transcription

1 WESLEYAN INVESTMENT PORTFOLIOS UNIT TRUSTS AND ISAS

2 02 WESLEYAN INVESTMENT PORTFOLIOS UNIT TRUSTS AND ISAS There are thousands of investment funds available in the UK, so you may find the selection process daunting. There are many questions that an investor may have and we aim to help you make a suitable choice for your current needs. You may be thinking: what type of funds can best match my investment goals? is the fund manager information up to date? which specific fund and fund manager should I select? is there a quick and simple way for me to invest, without having to research the whole of market? At Wesleyan we can help answer your questions and find a solution that matches your attitude to risk. We offer a unique range of investment portfolios, each specifically designed to meet the needs of individual investors. A range of investment portfolios designed with your investment goals in mind The portfolios we offer combine the strengths of selected fund managers. This includes Wesleyan s Investments Managing Director Clive Ward and the Wesleyan investment management team, as well as external investment firms that we have carefully selected with guidance from external, independent consultants. The Wesleyan investment management team has a wellestablished and proven investment process, focusing on sound long-term investment opportunities that can be overlooked by more traditional and committee-based fund management organisations. We have selected the external fund managers for their expertise in the types of funds that complement the Wesleyan funds within the different portfolios. These fund managers include Royal London which offers a UK Government Bond, Jupiter, which offers a highly rated High Income and Global Managed Fund, and Jupiter s Merlin Worldwide Portfolio, for investors who are prepared to take more risk with their money, which invests in selected funds from a number of different fund providers. We invest in these external funds through Cofunds, the UK s leading financial planning platform. Launched in 2001, Cofunds is one of the longestestablished investment platforms in the UK, administering over 76 billion* in investments. Cofunds are now fully owned by Legal and General and run as an independent Business Unit. Cofunds focuses on delivering an efficient, secure platform with a wide investment choice. We have chosen Cofunds as our investment partner as we believe their service and experience supports our range of investment portfolios. Wesleyan Investment Portfolios aim to give you a clear and easy to understand solution for your circumstances. You may be thinking about saving for your child s education and be looking to invest entirely in a lower risk portfolio such as our UK Balanced Portfolio. Alternatively, you may have a specific investment goal which requires a potentially large investment return offered by a higher risk portfolio, such as the UK and International Portfolio. If you are a more adventurous investor you might consider the Global Growth Portfolio. With the support and advice of your Financial Consultant, you can invest in a portfolio that aims to meet your investment needs and objectives. With our unique blend of investment managers, we can help find a portfolio to suit your current needs. *Source: Cofunds as at 31 March 2015.

3 03 A choice of investment portfolios to suit your needs As you can see from the table below, we have selected a range of distinct investment portfolios. Although the fund mix is different depending on if the investment is within an ISA (Individual Savings Account) or not, the portfolios fall into one of four categories. Safety First UK Balanced UK and International Global Growth The value of your investment can go up and down because of market movements. This means you might get back less than you originally invested. We recommend that if you are invested in equity, you remain invested for at least five years. There are tax implications for equity investments which should be considered before deciding to invest. For more information you can ask your Financial Consultant for a copy of the key features documents for each portfolio fund and the key investor information documents (KIIDs) where available. KIIDs provide information on the risks, taxes, features and costs for each fund. You can choose to invest in a single portfolio or to diversify your investment. Diversifying means you are investing across a number of portfolios, to reflect a number of different investment goals. Your Financial Consultant will advise you throughout the term of your investment and can help you select the right portfolio for your investment goals. Selected Investment Fund Portfolio Portfolio Objectives ISA Collective investments Safety First For those who want capital security from their investment. Wesleyan Bank Cash ISA Wesleyan Cash Fund UK Balanced For investors who want the medium to long-term growth potential of equity investment, balanced with lower risk investments such as cash or fixed interest. Wesleyan Assurance Society With Profits ISA Royal London UK Government Bond Fund Wesleyan Growth Trust UK & International For investors who want an investment strategy that includes wider equity exposure for greater long-term growth potential. Wesleyan Growth Trust Wesleyan International Trust Wesleyan Growth Trust Wesleyan International Trust Jupiter Global Managed Fund Jupiter High Income Fund Global Growth For investors who are prepared to take more risk with their money, this is an equity-focused portfolio that takes a more international approach to equity investment. It includes some higher risk sectors and markets, which offer good growth potential but greater volatility. Jupiter Merlin Worldwide Portfolio Jupiter Merlin Worldwide Portfolio

4 04 Wesleyan Investment Portfolios Why does it make good sense to spread your investment? At Wesleyan we believe in a diversified approach to investing so that you don t have all your eggs in one basket. Investing across different products, assets, funds or fund managers helps to achieve diversification. Diversification aims to reduce exposure to risk and the impact of a change in value of a single investment. Investors can diversify by using different funds that invest in different asset classes, industry sectors or geographic regions. Even those funds that invest largely in a single asset class can still offer a good level of diversification. For example, a UK equity fund might invest in only one asset class but may hold a large number of individual stocks, therefore minimising the impact from a significant fall in any one stock. Wesleyan Investment portfolios blend different funds and different fund managers (where appropriate) to provide a range of portfolios to meet different investment aims. However, please be aware that: the Wesleyan Safety First portfolio invests only in the Wesleyan Cash Fund; the Wesleyan Safety First ISA portfolio invests solely in a Cash ISA from Wesleyan Bank; and the Wesleyan UK Balanced ISA portfolio invests solely in the Wesleyan Assurance Society With Profits ISA. The investment expertise of Wesleyan combined with specially selected external fund managers We selected the external fund managers with advice from independent consultants. The role of the consultants is to continue to guide us with the aim of making sure the external fund managers always offer quality service and competitive investment returns.

5 05 Why Wesleyan Investment Fund Managers? Investing in equities requires a medium to long-term commitment and is best supported by a stable fund management team, whose approach and investment philosophy are designed to deliver good long-term performance and low volatility. This is reflected in the Wesleyan fund management team who manage Wesleyan s Unit Trusts and With Profits Funds. The Wesleyan fund management team demonstrate some compelling characteristics. The team has been established for over 10 years, providing stability and delivering a consistent approach to investment decisions. Investment decisions are based on extensive research of asset classes and individual stocks, with the aim of identifying investment opportunities with the potential for superior long-term returns. Investment strategies target stocks that are out of favour, but the managers feel are under-priced in relation to their long-term growth potential. The team s strategy also includes a buy and hold approach, which focuses on stocks that the managers believe will provide solid returns over the longer term. Our approach to equity investment is to run diverse portfolios but where the emphasis is on quality companies with a track record of proven profitability, good cash flow, solid asset backing and the prospect of a growing stream of income from dividend payments. The Wesleyan funds used within the portfolios are managed by Clive Ward, Martin Lawrence and Marc O Sullivan. Clive Ward joined Wesleyan over 25 years ago, having worked in various actuarial and investment roles for Wesleyan before being appointed Investment Manager in Now, as Investments Managing Director, Clive manages the With Profits Fund, as well as having responsibility for the Society s Investment Business Unit. He is a Fellow of the Institute of Actuaries. Martin Lawrence has been a Fund Manager since 2001 and has overall responsibility for managing several equity and multi-asset funds. He joined the Society as an Investment Analyst in 1995 and is a fully qualified Associate of the CFA Society of the UK. In addition, Martin is Head of Investment Research at Wesleyan and is backed by a team of Fund Managers and Analysts who are market sector specialists. Marc O Sullivan has been a Fund Manager since 2012, managing investments across a number of asset classes. Marc joined the Society as an Investment Analyst in 2003 having graduated from the University of Birmingham with a degree in Economics. Marc has been a CFA charterholder since 2008.

6 06 Wesleyan Investment Portfolios Why Royal London Asset Management? Royal London Asset Management (RLAM) is one of the UK s leading fund management companies, managing investment, pension fund and other assets on behalf of a wide range of clients. RLAM was established in 1988 and is a wholly owned and central part of the Royal London Group (the UK s largest mutual life insurer). Since their inception they have built a reputation as an innovative, high performing fund manager, winning new clients as their performance track record and exceptional client service have been recognised. Based in the City of London, their experienced team of investment specialists manage in excess of 86.3 billion* of assets investing across all major asset classes. They offer a range of pooled investment products as well as providing bespoke solutions to meet specific objectives. Their equity managers handle regional and specialist UK, European, American, Japanese and Asian portfolios. Their fixed income team manages a range of assets, from gilts to investment grade and high yield corporate bonds. They re also one of the UK s leading property investors. Their ability to deliver investment management services across all major asset classes, combined with the strength and stability provided by their parent company, RLAM has a strong platform from which to grow further as the marketplace continues to evolve. Royal London UK Government Bond Fund complements the Wesleyan Growth Trust within the Wesleyan UK Balanced Portfolio. The Royal London UK Government Bond Fund is managed by Paul Rayner and Craig Inches. Paul joined RLAM in June 2005 from SG Asset Management where he was Head of UK Bonds. He focuses on UK and international government bonds. Paul has considerable experience in fixed income. He joined Hambros Bank in 1983 where he specialised in fixed income fund management and was appointed as a Director in In March 1998, he joined SG Asset Management for responsibility for the UK fixed income and cash funds. Paul is a graduate in Economics from the University of Kent. Craig Inches joined RLAM in 2009 after an 11-year career at Scottish Widows Investment Partnership, where he was Fixed Income Investment Director. Craig is responsible for the management of government bond portfolios including index-linked bonds, gilts and non-uk sovereign debt. He has an MSc in Investment Analysis and a BSc (Hons) in Actuarial Mathematics and Statistics from Heriot-Watt University. Past performance is not a guide to future performance and may not be repeated. The value of investments and the income from them may go down as well as up and investors may not get back the amount originally invested. *Source: Royal London as at 31 March

7 07 Why Jupiter Unit Trust Managers Limited? Established in 1985 as a specialist boutique, Jupiter has since grown to be one of the UK s most successful and respected investment management groups. Jupiter currently manages some 34.8 billion* worth of assets, spread across a range of UK and offshore mutual funds, multi-manager products, institutional mandates and investment companies. Jupiter has been investing money for 30 years and has gained a reputation for achieving outperformance across a broad variety of portfolios specialising in different markets, including UK equities, Europe, global financials and emerging markets. Jupiter is focused on providing a stable and long term investment platform for their clients as well as fund out-performance. In 2010 when their holding company, Jupiter Fund Management plc, was listed on the London Stock Exchange, a substantial proportion of their employees owned Jupiter shares. They believe that this, combined with the fact that the majority of their fund managers invest their own money into Jupiter funds, creates a stable environment in which all employees are committed to the business for the long term, with their interests aligned with those of their clients. We have selected the following three funds managed by Jupiter fund managers to complement Wesleyan funds within the UK & International Portfolio and the Global Growth Portfolio: Jupiter High Income Fund; Jupiter Global Managed Fund; and Jupiter Merlin Worldwide Portfolio. The Jupiter High Income Fund is managed by Alastair Gunn, who became manager on 1 July 2013, and Rhys Petheram, who manages the fixed interest portion of the Fund. Alastair Gunn joined Jupiter in 2007 as an analyst for the UK Equities Team. He is also currently co-manager of the Jupiter Distribution Fund. Before joining Jupiter, Alastair was Managing Director of equity research for Bear Stearns International, prior to moving on to become a director of equity research at Arbuthnot Securities in Rhys Petheram joined Jupiter s Fixed Interest and Multi Asset Team in Prior to joining Jupiter, Rhys was an analyst at Towers Perrin Australia and a credit analyst at Moody s Investor Services. Rhys has co-managed the Jupiter High Income Fund since January He is also manager of the Jupiter Corporate Bond Fund and is co-manager of the Jupiter Distribution Fund. *Source: Jupiter as at 30 September

8 08 The Jupiter Independent Funds Team consists of fund managers John Chatfeild-Roberts, Algy Smith- Maxwell, Amanda Sillars and David Lewis. Together, the team members are completely focused on seeking to generate outperformance for their clients using the multi-manager concept. At Jupiter our multi-manager portfolios operate on an unfettered basis. This means the Jupiter Independent Funds Team is not restricted to investing in only Jupiter s own funds as is the case with many other multi-manager funds in the market. Instead they are allowed to invest in what they consider to be the best funds from across the entire market with the aim of generating positive real returns. The value of an investment and the income from it may fall as well as rise and may be affected by exchange rate variations. Past performance should not be seen as a guide to future performance. The Jupiter Global Managed Fund has been managed by Simon Somerville since 14 November 2011 and is supported by John Chatfeild- Roberts. Simon Somerville studied Economics at Durham University and is joint head of Jupiter s Far Eastern Equities Team. Prior to joining Jupiter in January 2005, Simon progressed through various positions at Cazenove including head of Japanese Equities and Head of Pan Asian Equities before becoming Head of Global Equities. John Chatfeild-Roberts joined Jupiter to head the Jupiter Independent Funds Team in March 2001 and he jointly manages the Jupiter Merlin Portfolios. John was appointed Chief Investment Officer of Jupiter Asset Management in February 2010 and he is a Director of Jupiter s main board. From 1989 to 1995 he was Head of the Portfolio Management Service for Henderson Global Investors. This was followed by a move to Lazard Asset Management, where he was a Director and Head of the Multi-Manager Team.

9 09 Investing in Wesleyan s Investment Portfolios A busy and successful career can limit the amount of time you have to consider your investment options. That s why we make the process clear and simple. We offer the following features, making it easier for you to invest: You can make monthly or lump-sum payments into the fund The investment portfolios are designed with your investment goals in mind Your Financial Consultant will provide dedicated and personalised support The application process for each portfolio is quick and easy You will be given easy-to-understand literature Contact your Financial Consultant for a personal consultation To arrange a one-to-one meeting with your Financial Consultant to discuss how Wesleyan s Investment Portfolios can help you achieve your investment goals, call

10 For further information, please call Or visit wesleyan.co.uk If you would like this document in Braille, large print or audio format, please contact Head Office Wesleyan Colmore Circus Birmingham B4 6AR Advice is provided by Wesleyan Financial Services Ltd. WESLEYAN is a trading name of the Wesleyan Group of companies. Wesleyan Financial Services Ltd (Registered in England and Wales No ) is authorised and regulated by the Financial Conduct Authority and is wholly owned by Wesleyan Assurance Society. Wesleyan Assurance Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Incorporated in England and Wales by Private Act of Parliament (No. ZC145). Registered Office: Colmore Circus, Birmingham B4 6AR. Telephone: Fax: Telephone calls may be recorded for monitoring and training purposes. WI-NBB-1-06/15