Global Equity Share Portfolio. Navigate by Glacier International

Transcription

1 Global Equity Share Portfolio Navigate by Glacier International

2 Contents 3 Investing with Glacier International 4 What are your needs? 5 About Navigate 6 Navigate Global Equity Share Portfolio 7 Why invest in a managed share portfolio? 8 Sanlam Private Investments (UK) Ltd 9 Investment approach 10 Investment principles 11 Valuations 12 Risks Minimums Fees 13 Contact details 2

3 Investing with Glacier International Glacier International is a specialist division within Glacier by Sanlam which provides South African investors with direct international investment opportunities designed and structured around their needs. There is a wide range of investment choices across a number of foreign currencies, and investments can also be structured to provide estate planning advantages and tax efficiencies, coupled with high levels of liquidity (access to your investments) and consolidated reporting. Glacier International is a division of Glacier Financial Solutions (Pty) Limited, a wholly-owned subsidiary of Sanlam Life Limited, and a licensed Financial Services Provider in South Africa.

4 What are your needs? You understand what the benefits of investing internationally are: the valuations of international companies relative to those in South Africa, the opportunity to invest in companies not available in South Africa, and especially portfolio diversification and hedging against currency depreciation and political and economic risk. The world of international investments can, however, be a daunting one one of too many investment choices, unfamiliar fund managers and unfamiliar investment procedures. What you are looking for, is some help to navigate the options that you face. 4

5 About Navigate A highly-guided list of investment choices to help simplify international investments: actively-managed funds selected from local and international companies with strong histories and performance records, and a global equity share portfolio of leading companies. Investment options in the Navigate range are grouped together in Cautious Growth, Moderate Growth and Global Equity profiles, to assist selection of the most appropriate options for a client. The Global Equity profile includes a discretionary (managed) global equity share portfolio for clients who prefer to invest in global companies directly,

6 Navigate Global Equity Share Portfolio 6 Invest directly into some of the world s leading companies through the Navigate Global Equity Share Portfolio, a focused and managed portfolio of individually held stocks. The portfolio focuses on companies only, and invests in shares. It does not hold any other asset classes, such as bonds, cash or property. Glacier International has selected Sanlam Private Investments (UK) to manage the Navigate portfolio of global shares. They will be responsible for making all day-to-day investment decisions.

7 Why invest in a managed share portfolio? The complex nature of the current global investment environment makes it increasingly important for investment managers to respond to changes quickly. Managed portfolios benefit from the on-going attention of a senior and experienced investment manager. This manager makes the most of opportunities as they arise, instead of making changes only at a given review date, when market conditions may be less favourable. Allowing an investment manager to manage your portfolio will not result in unnecessarily high levels of dealing activity; an experienced manager will recognise when taking no action would be the most appropriate thing to do.

8 Sanlam Private Investments (UK) Ltd 8 Sanlam Private Investments (UK) Ltd is a private client investment management specialist with offices in Bath, Harrogate, Kirkby Lonsdale, London, Marlow, Newcastle and Sevenoaks. They are a trusted financial services firm, with an excellent reputation for administration and compliance, working to provide the highest standard of service to all their clients. Kirkby Lonsdale Bath Marlow Newcastle Harrogate London Sevenoaks

9 Investment approach Sanlam Private Investments (UK) manages investments actively. They invest with confidence, backed by thorough and disciplined research and a sensible approach to risk control. They seek to add real value to clients in a world of low returns combined with episodes of volatility. They believe that markets continually offer opportunities of which investors can take advantage. Because markets are driven as much by human emotion as they are by logic, assets can become incorrectly priced presenting good investment opportunities. They are driven to find quality investments with a good management track record, good cash generation, positive shareholder focus, balance sheet strength, predictable growth, capital security and the ability to provide dependable returns.

10 Investment principles Your portfolio will be invested in carefully selected businesses with at least one of the following: A strong balance sheet (strong financial position) A high cash return on assets Relatively low capital requirements, allowing the business to generate cash while growing High market share in their principal product or service lines Consumer goods bought frequently that stay in demand for a long time Your portfolio will own businesses with management teams that: Buy back stock Maintain high returns on capital Make acquisitions to ensure above-average long-term growth 10 Portfolio construction is focused on four strategies: Avoid value traps, but buy good quality businesses at a fair price Keep good quality businesses for the long term Don t overtrade the portfolio, to minimise transaction costs Concentrate on shares These investment principles should deliver a portfolio that consists of high quality businesses with the potential to grow profits faster over time than the market. Typically, these will include companies focusing on long-term growth industries, such as healthcare, technology (including media and software) and consumer goods.

11 Valuations We aim to provide you with all the information you need to monitor your investment, while involving you in a minimum amount of administration. Half-yearly valuation reports showing the progress of your investments will be sent within 25 days of the end of the period. As part of our administration service, we collect all dividends and interest payments due to the portfolio. There is no need for you to retain individual dividend statements for tax purposes. We also deal with any corporate actions (such as takeovers and reorganisations) of the companies in which you hold shares, and exercise conversions, subscriptions and voting on your behalf. SPI s online valuation service will be made available to you, enabling you to view your investment portfolio on a daily basis. This service will also be available to your intermediary.

12 Risks Minimums Fees Risks Financial markets fluctuate daily and investments in direct equities are linked to the markets. The performance of the investment can therefore not be guaranteed, as markets may go through periods of volatility and are unpredictable by nature. This means that there is a possibility that you may lose capital. Minimum Investment Amount The minimum investment amount for this share portfolio is USD150,000. Fees The annual investment management fee is 1.2% (excluding VAT). The administration fee for Navigate by Glacier International is 0.3%. A full schedule of fees is available on request. 12

13 Contact details This brochure is intended for use by clients, alongside their intermediaries. For more information, please speak to your financial intermediary, visit our website at or contact our Communication Centre on: Tel: Fax:

14 2014 Glacier Financial Solutions (Pty) Ltd, A member of the Sanlam Group Reg No 1999/025360/07 Licensed Financial Services Provider Tel: Fax: clientservices@glacierinternational.co.za