Kronos : dynamic management of performance and risk

Transcription

1 Kronos : dynamic management of and risk Your needs To delegate the management of your assets To have your assets managed in an efficient manner which optimises the risk/return ratio Simplicity: no need for details of each transaction. A general overview is sufficient Option to hedge against foreign exchange risks Regular and clear reporting Simple and competitive pricing Our solution Discretionary management formula currently mainly using the Kronos MSP* compartments, specifically designed for ING Private Banking Objective: Optimisation of risk-adjusted 7 investment profiles, each associated with a risk level of your choice. Flexible and easy-to-change investment profiles Diversification across 5 asset classes (equities, bonds, cash and listed real estate, commodites), used depending on your investment profile Possibility of regular additional investments Management formula available with or without hedging of foreign exchange risk, depending on your choice Possible structuring of the investment, to allow the distribution of income Minimum Investment: 250,000 Regular reporting of excellent quality, in your own language Daily monitoring available via ING Home Bank and the Smart Banking App Quarterly report sent to your home Pricing based on the size and specific characteristics of your portfolio * Kronos MSP is a compartment of Multi Strategy Portfolio, a Luxembourg- based open-end investment company (SICAV), managed by NN Investment Partners (NN IP). Detailed explanations on Kronos MSP and risks can be found in the appendices.

2 Compartments Kronos MSP - s & Important Informations s inherent to the compartments Kronos MSP are : No capital guarantee: the capital invested is not guaranteed. This risk is nonetheless limited through diversification and the professional risk management provided by ING Private Banking. Market risk: the value of the underlying assets is exposed to market fluctuations. Exchange risk: the contract provides the option to hedge the exchange risk. If you do not hedge it, the value of your assets is subject to exchange rate fluctuations. linked to interest rates: changes in interest rates could have a significant impact on the of the compartments. No guarantee is provided concerning the initial invested capital. Compartments Kronos MSP Important Informations Investors should not base investment decisions on this document. Read the prospectus and the Key Investor Information Document (KIID) of the compartments of Kronos MSP before investing. The value of your investments depends in part upon developments on the financial markets. In addition, each fund has its own specific risks. See the prospectus for fund-specific costs and risks. For more detailed information about the investment fund, its costs and risks, please refer to the prospectus and KIID. These documents, together with the (semi)annual report are available upon request in French, Dutch and English on or through your ING Private Banker. Financial Services are in Belgium provided by ING Belgium. The publication of the net asset value can be found on a daily basis at the following addresses: The minimum initial investment for is EUR for capitalization share classes or for distribution share classes. The maximum entry charges to be paid by the private investor is 8,5% of the net asset value, but there are no exit charges. The tax on stock exchange transactions (TOB) associated with exit from and conversion of collective investment scheme units is 1,32% (max. EUR 2000). The tax on stock exchange transactions is not applicable at maturity or for distribution share classes. The Belgian withholding tax applicable to interests included in the repurchase price of shares investing more than 25% of their assets in any kind of debts amounts to 27%. Investing sustains risk which may include the risk of capital loss. The compartments Kronos MSP are open ended funds, but not UCITS. Price of Units and any income from them may fall as well as rise and is not guaranteed. Investors may not get back the amount originally invested. Foreign exchange volatility constitutes an additional risk. In case of complaint, you can contact ING Complaint Management, Cours Saint Michel 60, 1040 Brussels. If you are not entirely satisfied with the solution of ING, you could contact the Ombudsman for Financial Disputes at Financial Disputes Ombudsman, North Gate II, Avenue Roi Albert II 8, 1000 Brussels (

3 Kronos MSP Pure Bond This fund* is a fund of funds and invests primarily in a diversified portfolio of funds which invest in fixed income securities. From time to time other financial instruments like cash, money market instruments, currency, etc. may form part of the portfolio. between the different asset classes (bonds and cash). (2) Selection of in-house and The fund is actively managed against an investment profile of 100% bonds denominated in Euro. Measured over a period of several years the objective is to beat the of the benchmark the JPMorgan EMU (100%). You can sell your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. Kronos MSP Defensive cash, etc. may form part of the portfolio. The fund may also get exposure to commodities via UCITS eligible funds or other eligible financial instruments. The fund strives to add value via three different approaches: (1) Selection within and between the different asset classes (stocks, bonds,...). (2) Selection of in-house and third party investment funds among the best in their category and (3) Decide on The fund is actively managed against an investment profile of 70% bonds denominated in Euro, 10% global stocks, 5% global real estate stocks and 15% cash denominated in Euro. Measured over a period of several years the objective is to beat the of the benchmark (more specifically the net total return index; this index reinvests dividends and coupons after the deduction of withholding taxes). The benchmark is composed of the MSCI Europe (Net) (5%), MSCI North America (Net) (3%), MSCI Japan (Net) (0.5%), MSCI Emerging Markets (Net) (1.5%), JPMorgan EMU (70%), S&P Developed Property (Net) (5%) and Euribor 1M (15%). You can sell your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. Synthetic Reward Indicator (SRRI) Synthetic Reward Indicator (SRRI) *Fund means Undertaking for Collective Investment («UCI»). UCI is a general term used for different undertakings collecting money from the public and whose activity consists of managing an investment portfolio. The term fund covers collective investment schemes in the form of an investment company (such as the Sicav or Sicaf), as well as mutual funds, and their sub-funds.

4 Kronos MSP Moderate commodities via UCITS eligible funds or other eligible financial instruments. The fund is actively managed against an investment profile of 65% bonds denominated in Euro, 25% global stocks, 5% global real estate stocks and 5% cash denominated in Euro. We emphasize income generation. Measured over a period of several years the objective is to beat the of the benchmark (more specifically the net total return index; this index reinvests dividends and coupons after the deduction of withholding taxes). The benchmark is composed of the MSCI Europe (Net) (12.5%), MSCI North America (Net) (7.5%), MSCI Japan (Net) (1.25%), MSCI Emerging Markets (Net) (3.75%), JPMorgan EMU (65%), S&P Developed Property (Net) (5%) and Euribor 1M (5%). You can sell your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. Kronos MSP Balanced commodities indirectly via UCITS eligible funds or other eligible financial instruments. The fund is actively managed against an investment profile of 45% bonds denominated in Euro, 45% global stocks, 5% global real estate stocks and 5% cash denominated in Euro. Measured over a period of several years the objective is to beat the of the benchmark (more specifically the net total return index; this index reinvests dividends and coupons after the deduction of withholding taxes). The benchmark is composed of the MSCI Europe (Net) (22.5%), MSCI North America (Net) (13.5%), MSCI Japan (Net) (2.25%), MSCI Emerging Markets (Net) (6.75%), JPMorgan EMU (45%), S&P Developed Property (Net) (5%) and Euribor 1M (5%). You can sell your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. Synthetic Reward Indicator (SRRI) Synthetic Reward Indicator (SRRI)

5 Kronos MSP Active commodities indirectly via UCITS eligible funds or other eligible financial instruments. The fund is actively managed against an investment profile of 30% bonds denominated in Euro, 65% global stocks and 5% global real estate stocks. Measured over a period of several years the objective is to beat the of the benchmark (more specifically the net total return index; this index reinvests dividends and coupons after the deduction of withholding taxes). The benchmark is composed of the MSCI Europe (Net) (32.5%), MSCI North America (Net) (19.5%), MSCI Japan (Net) (3.25%), MSCI Emerging Markets (Net) (9.75%), JPMorgan EMU (30%) and S&P Developed Property (Net) (5%). You can sell your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. Kronos MSP Aggressive commodities indirectly via UCITS eligible funds or other eligible financial instruments. The fund is actively managed against an investment profile of 5% bonds denominated in Euro, 85% global stocks and 10% global real estate stocks. Measured over a period of several years the objective is to beat the of the benchmark (more specifically the net total return index; this index reinvests dividends and coupons after the deduction of withholding taxes). The benchmark is composed of the MSCI Europe (Net) (42,5%), MSCI North America (Net) (25,5%), MSCI Japan (Net) (4,25%), MSCI Emerging Markets (Net) (12,75%), JPMorgan EMU (5%) and S&P Developed Property (Net) (10%). You can sell your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. Synthetic Reward Indicator (SRRI) Synthetic Reward Indicator (SRRI)

6 Kronos MSP Pure Equity that invest in equities. From time to time currency, cash, etc. may form part of the portfolio. between the different asset classes (stocks and cash). (2) Selection of in-house and The fund is actively managed against an investment profile of 100% global stocks. Measured over a period of several years the objective is to beat the of the benchmark (more specifically the net total return index; this index reinvests dividends after the deduction of withholding taxes). The benchmark is composed of the MSCI Europe (Net) (50%), MSCI North America (Net) (30%), MSCI Japan (Net) (5%) and MSCI Emerging Markets (Net) (15%). You can sell your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. Synthetic Reward Indicator (SRRI)

7 xx This is a commercial document prepared and distributed by ING Private Banking, a commercial division of ING Belgium. It has been prepared for information purposes only and does not contain any investment recommendation within the terms of the royal decree of 5 March Its content is based on information sources judged to be reliable. No guarantee, warranty or representation express or implied is given by ING Belgium or any other company of ING Group as to the accuracy, adequacy or completeness of the information made available. The information presented is subject to change without notice. Neither ING Belgium nor any other company of ING Group nor any of its senior officers, directors or employees accepts any obligation in particular any obligation of result or liability whatsoever in respect of the information expressed. Actual results, or events may differ materially from those presented in this publication. This can be due to many reasons, among which (i) the general economic conditions in ING s core markets; (ii) the overall of financial markets, including emerging markets; (iii) the level of interest rates and changes in these levels; (iv) currency exchange rates; (v) general competitive factors; (vi) changes in laws, particularly in relation to tax, and regulations and (vii) changes in the policies of governments and/or regulatory authorities. Investors should be aware that any products or securities that are mentioned here have their own particular terms and conditions. Past is not necessarily a guide to future. All rights are reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means (mechanical, photocopying, recording or otherwise) without the prior permission of the copyright holder. The above-mentioned provisions do not exempt ING Belgium or its senior officers, directors or employees from any liability in the event of «gross negligence».