STANLIB Balanced Cautious Fund
|
|
- Christina Bates
- 5 years ago
- Views:
Transcription
1 STANLIB Balanced Cautious Fund 4
2 Why a STANLIB Balanced Cautious Fund? To enhance its balanced range STANLIB has introduced the STANLIB Balanced Cautious Fund to its range of asset allocation portfolios, for the risk-averse and volatility sensitive investor. Currently, the STANLIB Stability Fund (Balanced Fund) addresses the need for a moderately aggressive balanced portfolio, and investors seeking a lower equity and less volatile portfolio usually end up resorting to cash and/or income portfolios. The STANLIB Balanced Cautious Fund fills this gap, providing a low-equity balanced solution. Where does the portfolio fit into the STANLIB asset allocation fund range? The STANLIB Balanced Cautious Fund is a moderately conservative asset allocation portfolio that holds a limited amount of high risk growth assets, together with lower risk assets such as bonds and cash. On the risk/reward spectrum, the portfolio is positioned as a low risk asset allocation portfolio, between equity and bond portfolios. The fund s positioning relative to other STANLIB Asset Allocation Funds is illustrated below. Asset Allocation Fund Range Low Equity Medium Equity High Equity Balanced Solutions STANLIB Balanced Cautious Fund STANLIB Stability Fund (Balanced Fund) Risk Profiled Solutions STANLIB Conservative FoF STANLIB Moderately Conservative FoF STANLIB Moderate FoF STANLIB Moderately Aggressive FoF STANLIB Aggressive FoF Conservative Moderate High Risk spectrum Note: Not all STANLIB Asset Allocation Portfolios have been listed in the table above 3 5
3 The following diagrams illustrate the 5-year and 1-year historic comparative returns of baskets of high equity balanced portfolios (60-75% equities) and cash portfolios, against that of low equity balanced portfolios (max 40% equities). The data used is the average of the Prudential High Equity, Domestic Money Market and the Prudential Low Equity Sectors. 5 year comparison of Prudential High & Low Equity vs Money Market Sectors Prudential High Equity Sector Average Prudential Low Equity Sector Average Domestic Money Market Sector Average 04 Apr Jul Dec 05 Apr Jul Dec 06 Apr Jul Dec 07 Apr Jul Dec 08 Apr Jul Dec Over the long-term, equities generally outperform all other asset classes, however, in the short-term, they exhibit some highly volatile behaviour (see below). As can be seen in the graph above, even a high equity asset allocation portfolio has very volatile characteristics (red line). Being invested in cash on the other hand, means that the returns (yield) are linked to interest rates and over the medium to long-term, even cash returns fluctuate with interest rates, making it difficult to accumulate inflation-beating returns, especially after tax. Therefore, an element of equities held within a portfolio could contribute to beating inflation in the medium to long term. A low-equity balanced portfolio can potentially deliver smoother inflation-beating returns over time (blue line in the graph above), with reduced volatility, relatively high income and capital growth in the medium to long-term. A low-equity balanced portfolio can potentially deliver smoother inflationbeating returns over time. 4 6
4 As can be seen in the 1-year chart below, in the short-term, especially in times of high volatility, cash and low-equity balanced portfolios hold up better than high-equity balanced portfolios. 1 year comparison of Prudential High & Low Equity vs Money Market Sectors Domestic Money Market Sector Average Prudential Low Equity Sector Average Prudential High Equity Sector Average Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Target market The portfolio is targeted at cautious investors seeking a diversified portfolio of equities, property, bonds and cash, and seeks to provide capital growth at relatively low levels of risk and a reasonable level of income. Due to the investment mandate and asset allocation, the STANLIB Balanced Cautious Fund is also an investment option for retirement funds. Portfolio manager Thobelani Maphumulo Thobelani started at Investec as an economist, moving into asset management at Alliance Capital Management in Cape Town. Back in Johannesburg in 2003 he joined HSBC as Head of South African Investment Strategy and then BJM Securities as an investment strategist. He is now the Head of the Multi Asset Franchise at STANLIB and also manages the STANLIB Stability Fund. ACI category Domestic Asset Allocation Prudential Low Equity Funds. 5 7
5 Investment objective The portfolio aims to achieve a reasonable level of current income and long-term capital growth at moderate risk levels whilst aiming to comply with prudential investment guidelines. The portfolio is broadly diversified across all asset classes and sectors and is managed along a combination of strategic and tactical asset allocation. The portfolio s maximum equity exposure is 40% and other asset class limits will be within prudential investment guidlines. Fixed Interest and Cash Domestic Equities and Property 0% 10% 20% 30% 40% 50% 60% Benchmark for the STANLIB Balanced Cautious Fund relative to the STANLIB Stability Fund STANLIB Stability Fund STANLIB Balanced Cautious Fund 6% 60% FTSE/JSE Shareholders Index (SWIX) 5% 30% FTSE/JSE Shareholders Index (SWIX) 9% BEASSA All Bond Index BEASSA All Bond Index MSCI World Index STeFI Composite Index 25% JP Morgan Gobal Goverment Bond Index (USD) 45% 20% Property Index (SAPY) 6 8
6 The STANLIB Balanced Cautious Fund is also an investment option for retirement funds. Income distribution The portfolio will distribute quarterly. Distributions will be declared on the last working day of March, June, September and December. Payment will be made on or before the last business day of the month following distribution. Launch date 02 January 2009 Recommended minimum investment period Minimum of five years Investment minimums Lump sum: R2 000 Debit order: R200 Charge structure (A class) Maximum upfront manager charge (incl. VAT) Service charge (incl. VAT) Total charge (incl. intermediary s portion) Intermediary s portion Total charge (incl. intermediary s portion) Intermediary s portion 5.70% 3.42% 1.71% 0.57% Statutory disclosure and general terms and conditions Collective Investment Schemes in Securities (CIS) 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 CIS in securities is not the same as a deposit with a banking institution. CIS are traded at ruling prices and can engage in borrowing and scrip lending. Different classes of units apply to these portfolios and are subject to different fees and charges. A schedule of fees and charges and maximum commissions is available on request from the company/scheme. Commission and incentives may be paid and if so, would be included in the overall costs. The exposure limit to a single security can be greater than is permitted for other portfolios in terms of the Collective Investment Schemes Control Act. Details are available from the company/scheme. Forward pricing is used. Fluctuations or movements in exchange rates may cause the value of underlying international investments to go up or down. STANLIB Collective Investments Limited is a member of the Association of Collective Investments. TER is the annualised percent of the average Net Asset Value of the portfolio incurred as charges, levies and fees. A higher TER ratio does not necessarily imply a poor return, nor does a low TER imply a good return. The current TER cannot be regarded as an indication of future TERs. This portfolio is valued on a daily basis at 15h30. Investments and repurchases will receive the price of the same day if received prior to 15h30. The Manager is a member of the Association of Collective Investments. Contact details of Trustees: Absa Bank Ltd, 6th Floor, Absa Towers North (6E1), 180 Commissioner Street, Johannesburg, Telephone No. (011) STANLIB Collective Investments Limited Reg. No. 1969/003468/06, Contact Centre C63A51 7 9
Monthly Fund Fact Sheets
Monthly Fund Fact Sheets CONTENTS STANLIB Money Market Fund STANLIB Enhanced Yield Fund STANLIB Income Fund STANLIB Flexible Income Fund STANLIB Aggressive Income Fund STANLIB Multi-Manager Absolute Income
More informationPortfolio Charges. January
Portfolio Charges January 2015-1 - Portfolio Charges - Retail Portfolio name Maximum upfront charge (excl. VAT) Manager charge Intermediary charge 5 Maximum service charge (excl. VAT) Total charge (incl.
More informationMonthly Feedback 31 March 2016 Ampersand Asset Management. CIS Minimum Disclosure Documents (MDDs) Ampersand Momentum CPI Plus 2 Fund of Funds
Monthly Feedback 31 March 2016 Ampersand Asset Management CIS Minimum Disclosure Documents (MDDs) Ampersand Momentum CPI Plus 2 Fund of Funds Ampersand Momentum CPI Plus 4 Fund of Funds Ampersand Momentum
More informationThe Matrix Review. December 2018
The Matrix Review December 2018 Why Matrix Fund Managers Diversified Business Long funds AUM = R5.9 billion Hedge funds AUM = R3.1 billion Robust investment process across asset classes Evolution Hedge
More informationRECM MONEY MARKET FUND (Class A) Minimum Disclosure Document - Period ended 30 September 2018
RECM MONEY MARKET FUND (Class A) FUND FACTS Portfolio Manager ASISA Sector Fund Launch Date Inception Date (Class A) Total Fund Size Fund Size (Class A) Min. Investment (Lump Sum) Min. Investment (Monthly)
More informationRECM MONEY MARKET FUND (Class A) Minimum Disclosure Document - Period ended 30 April 2015
RECM MONEY MARKET FUND (Class A) The RECM Money Market Fund is a money market unit trust that provides a sensible cash portfolio with very competitive fees. The Fund aims to maximise interest income, preserve
More informationRECM MONEY MARKET FUND (Class A) Minimum Disclosure Document - Period ended 31 January 2015
RECM MONEY MARKET FUND (Class A) Minimum Disclosure Document - Period ended 31 January 2015 The RECM Money Market Fund is a money market unit trust that provides a sensible cash portfolio with very competitive
More informationRECM GLOBAL FLEXIBLE FUND (Class E) Minimum Disclosure Document - Period ended 30 June 2018
RECM GLOBAL FLEXIBLE FUND (Class E) FUND FACTS Portfolio Manager ASISA Sector Fund Launch Date Inception Date (Class E) Total Fund Size Fund Size (Class E) Min. Investment (Lump Sum) Min. Investment (Monthly)
More informationmonthly fund fact sheets
investments monthly fund fact sheets month ended 31 may 2013 collective investments International Funds Multi-Asset Funds Factor Series Funds Income Funds Best Blend Funds Property Funds Equity Funds Please
More informationRECM MONEY MARKET FUND (Class A) Minimum Disclosure Document - Period ended 28 February 2018
RECM MONEY MARKET FUND (Class A) The RECM Money Market Fund is a money market unit trust that provides a sensible cash portfolio with very competitive fees. The Fund aims to maximise interest income, preserve
More informationRECM MONEY MARKET FUND (Class A) Minimum Disclosure Document - Period ended 31 August 2015
RECM MONEY MARKET FUND (Class A) The RECM Money Market Fund is a money market unit trust that provides a sensible cash portfolio with very competitive fees. The Fund aims to maximise interest income, preserve
More informationChuma. STANLIB Chuma. A Stokvel Solution
Chuma STANLIB Chuma A Stokvel Solution STANLIB Chuma A stokvel solution that aims to make your money grow. Helping you make the most of your Stokvel money STANLIB understands that it is important for you
More informationQUARTERLY REPORT TO MEMBERS 2nd Quarter 2011
QUARTERLY REPORT TO MEMBERS 2nd Quarter 211 This is your first-quarter report for the year 211 on the Media24 Retirement Fund and its performance. We have shown the performance of the Media24 portfolios
More informationSanlam Employee Benefits
Sanlam Employee Benefits Sanlam Plus Pension & Provident Preservation monthly investment fact sheets March 2017 Sanlam Plus Pension & Provident Preservation March 2017 Member Investment Selection Menu
More informationSanlam Investments Frequently Asked Questions Performance Fees April 2018
Sanlam Investments Frequently Asked Questions Performance Fees April 2018 Disclosure The information to follow does not constitute financial advice as contemplated in terms of the Financial Advisory and
More informationSTANLIB Chuma. A stokvel solution
STANLIB Chuma A stokvel solution STANLIB Chuma A stokvel solution that aims to preserve your capital in the short term and enhance return on your investment in the medium to long term. Benefits of investing
More informationInvestment Platform Portfolio List as at 1 December 2016
Investment Platform Portfolio List as at 1 December 2016 GENERAL INFORMATION OVERVIEW FEES (Excl. VAT) Name Hollard Prime Money Market Maximise interest income, preserve the fund s capital and provide
More informationStandard Bank Fundisa Fund. Saving for Tertiary Education
Standard Bank Fundisa Fund Saving for Tertiary Education What is Fundisa? The Standard Bank Fundisa Fund is an investment that allows investors to save money for the tertiary education of any South African
More informationLinked Investments Tax-Free Savings Plan
STANLIB Linked Investments Tax-Free Savings Plan Fund List ABSA ABSA Absolute Fund C1 0.85% Conservative to Moderate ABSA Select Equity Fund C1 1.00% Aggressive BCI PortfolioMetrix BCI Global Equity Fund
More informationLinked Investments Tax-Free Savings Plan
Linked Investments Tax-Free Savings Plan Click on the relevant tab to view the list. # All fees are exclusive of VAT # No performance Fees are charged on these funds. Please refer to the fund fact sheets
More informationLinked Investments Tax-Free Savings Plan
Linked Investments Tax-Free Savings Plan Fund List Click on the relevant tab to view the list. # All fees are exclusive of VAT # No performance Fees are charged on these funds. Please refer to the fund
More informationMulti-Manager Watch TM Survey for the month ending November 2016
NOVEMBER 20 2016/11/30 2016/09/01 2016/01/01 2015/12/01 2014/12/01 2013/12/01 2011/12/01 2009/12/01 2006/12/01 Multi-Manager Watch Survey Multi-Manager Watch TM Survey for the month ending November 2016
More informationFOR THE QUARTER ENDING 31 AUGUST 2018
QUARTERLY FUND OVERVIEW FOR THE QUARTER ENDING 31 AUGUST 2018 VIEW FROM THE FUND MANAGER S DESK Glenn Moore Interest Rates Trend: Flat Short Term: Flat Remain on hold for now but if the Rand remains under
More informationPRUDENTIAL PORTFOLIO MANAGERS UNIT TRUSTS LIMITED ANNUAL REPORT
PRUDENTIAL PORTFOLIO MANAGERS UNIT TRUSTS LIMITED ANNUAL REPORT MANAGING DIRECTOR S REPORT 31 DECEMBER 2017 Dear Investor, 2017: A surprisingly good year for SA investors In the face of poor economic conditions
More informationMarket and Economic Charts. Retail Fund Management Team Investec Asset Management
Market and Economic Charts Retail Fund Management Team Investec Asset Management 30 April 2010 Looking at Markets Global SA Economics Major Index Performance Major Index Performance Market Drivers Inflation
More informationGeneral Investor Report as at 31/03/2018
STANLIB TOP40 ETF A 49,24 0,27 13 788 601 The investment objective of the STANLIB TOP40 Exchange Traded Fund is to provide returns that replicate the performance of the FTSE/JSE TOP40 Index ( the index
More informationLinked Investments Tax-Free Savings Plan. Fund List
Linked Investments Tax-Free Savings Plan Fund List ABSA ABSA Absolute Fund C1 0.85% Conservative to Moderate ABSA Select Equity Fund C1 1.00% Aggressive BCI Anchor BCI Global Capital Plus Feeder Fund A
More informationFoord Conservative Fund
Cash Value 2 (R 000s) ZA Reg 28 Foord Conservative Fund INVESTMENT OBJECTIVE The fund aims to provide investors with a net-of-fee return of 4% per annum above the annual change in the South African Consumer
More informationAsset Manager Performance Comparison
Cape Peninsula University of Technology Retirement Fund August 2017 DISCLAIMER AND WARNINGS: Towers Watson (Pty) Ltd, a Willis Towers Watson company, is an authorised financial services provider. Although
More informationAsset Manager Performance Comparison
Cape Peninsula University of Technology Retirement Fund September 2017 DISCLAIMER AND WARNINGS: Towers Watson (Pty) Ltd, a Willis Towers Watson company, is an authorised financial services provider. Although
More informationOLD MUTUAL UNIT TRUSTS TAX-FREE INVESTMENT
OLD MUTUAL S TAX-FREE INVESTMENT Unit Trusts Tax-Free Investment National Treasury has introduced new regulations to the Income Tax Act of South Africa that make investments of R30 000 per tax year (subject
More informationSATRIX UNIT TRUST SCHEME
SATRIX UNIT TRUST SCHEME Abridged Annual Report 2015 Director's report Manager s report for the year ended 31 December 2015 The Manager has the pleasure in presenting its report for the year ended 31 December
More informationAbridged Annual Report
Collective Investments Abridged Annual Report For the year ending 31 December 2009 Annual Report received net inflows of R16 billion for the year and the bulk of these (11bn) went into the Money Market
More informationMonthly Client Investment Report: Kruger Ci Global Fund of Funds
Monthly Client Investment Report: Kruger Ci Global Fund of Funds April 2018 Kruger International Market Commentary International: Equity markets rebounded in April amid the easing of geopolitical tension
More informationPerformance Report October 2018
Structured Investments Indicative Report October 2018 This report illustrates the indicative performance of all Structured Investment Strategies from inception to 31 October 2018 Matured Investment Strategies
More informationMONTHLY PORTFOLIO REPORT May 2015
Funds MONTHLY PORTFOLIO REPORT May 2015 5 th Floor, Protea Place, 40 Dreyer Street, Claremont. Postnet Suite 64, Private Bag X1005, Claremont, 7735. T +27 (0)21 492 0200 DIRECTORS: DP du Plessis (Chairman)
More informationHollard Prime Dynamic Income Fund
Fund Information Fund Objective Portfolio Manager Total Fund Size R590 022 899 ASISA Fund Sector Benchmark Pension Fund Act Reg 28 Income Distribution Dates Investment Horizon Risk Rating Maximising income,
More informationHollard Prime Dynamic Income Fund
Fund Information Fund Objective Portfolio Manager Total Fund Size R616 295 671 ASISA Fund Sector Benchmark Pension Fund Act Reg 28 Income Distribution Dates Investment Horizon Risk Rating Maximising income,
More informationHollard Prime Dynamic Income Fund
Fund Information Fund Objective Portfolio Manager Total Fund Size R743 178 865 ASISA Fund Sector Benchmark Pension Fund Act Reg 28 Income Distribution Dates Investment Horizon Risk Rating Maximising income,
More informationSanlam Lifestage LIFESTAGE PROGRAMME LIFESTAGE PROGRAMME. How Sanlam Lifestage works. Sanlam Umbrella Fund Monthly Fact Sheet April 2018
Accumulator phase Preserver phase Sanlam Umbrella Monthly Fact Sheet April 2018 Sanlam Lifestage Mandate description Sanlam Lifestage is the s trustee approved default investment strategy and aims to meet
More informationGeneral Investor Report as at 30/09/2017
STANLIB TOP40 ETF - A A 49,91 0,27 14 089 053 The investment objective of the STANLIB TOP40 Exchange Traded Fund is to provide returns that replicate the performance of the FTSE/JSE TOP40 Index ( the index
More informationETF portfolio review, 30th September ETF portfolios with ESG overlay. market overview. portfolio performance
ETF portfolio review, 30th September 2017 market overview All our ETF portfolios performed better than s in September and all portfolios bar fixed-income continued to add to their gains year-to-date. Our
More informationInvestor Platform Fund List
Bond Income Multi Multi Risk expectation Bond Allan Gray Bond Fund Bond Fund GOVI Tracker Fund Multi Manager Bond Fund Momentum Bond Fund Nedgroup Investments Bond Fund Stanlib Bond Fund market Fund Multi
More informationReview of Registered Charites Compliance Rates with Annual Reporting Requirements 2016
Review of Registered Charites Compliance Rates with Annual Reporting Requirements 2016 October 2017 The Charities Regulator, in accordance with the provisions of section 14 of the Charities Act 2009, carried
More informationIMS. Risk Profiler Investec Investment Management Services. Name: Financial adviser: Risk profile prepared by:
Risk Profiler Name: Financial adviser: Risk profile prepared by: This document or any of its content may not be in whole or in part, be copied, modified, distributed, retransmitted, redistributed, or released
More informationAbsa Fund Managers. Abridged Annual Report. 1 Absa Fund Managers 2017
Absa Managers Abridged Annual eport Absa Managers Limited eg No 1991/000881/06 is a registered Collective Investment Scheme Manager and a full member of the Association of Savings and Investments South
More informationAbout STANLIB STANLIB Namibia. Standard Bank Namibia Money Market Fund. Standard Bank Namibia CashPlus Fund. Standard Bank Namibia Income Fund
STANLIB Namibia 01 About STANLIB STANLIB Namibia 03 Standard Bank Namibia Money Market Fund 04 Standard Bank Namibia CashPlus Fund 05 Standard Bank Namibia Income Fund 06 Standard Bank Namibia Inflation
More informationCORONATION PRESERVATION PENSION FUND CORONATION PRESERVATION PROVIDENT FUND CORONATION RETIREMENT ANNUITY FUND ( the Fund/s )
CORONATION PRESERVATION PENSION FUND CORONATION PRESERVATION PROVIDENT FUND CORONATION RETIREMENT ANNUITY FUND ( the Fund/s ) INVESTMENT POLICY STATEMENT 1. Introduction 1.1 This Investment Policy Statement
More informationAbsolute Return Manager Watch TM Survey for the month ending July 2018
JULY 2018 2018/07/31 2018/05/01 2018/01/01 2017/08/01 2015/08/01 2013/08/01 2011/08/01 2008/08/01 Month Ending JULY 2018 2018/04/01 2018/01/01 2017/09/01 2017/05/01 2015/05/01 2011/05/01 2008/05/01 CPI
More informationInvestment Option Brochure
Investment Option Brochure July 2017 Important definitions Fee A1 Class This is an annual fee payable to financial advisors by Prescient for marketing and distribution services. This fee is included in
More informationRECM GLOBAL FLEXIBLE FUND (Class E) Period ended 28 February 2015
RECM GLOBAL FLEXIBLE FUND (Class E) Period ended 28 The RECM Global Flexible Fund is a unit trust that may invest in equities, bonds, property, cash and offshore assets without any restrictions. The Fund
More informationFNB Namibia Unit Trusts Fund Fact Sheets 31 May 2013
FNB Namibia Unit Trusts Fund Fact Sheets 31 May 2013 FNB Namibia Unit Trusts General Equity Fund FNB Namibia Unit Trusts Income Fund FNB Namibia Unit Trusts Money Market Fund FNB Namibia Unit Trusts Institutional
More informationFNB Namibia Unit Trusts Fund Fact Sheets 30 September 2016
FNB Namibia Unit Trusts Fund Fact Sheets 30 September 2016 FNB Namibia Unit Trusts General Equity Fund FNB Namibia Unit Trusts Balanced Fund FNB Namibia Unit Trusts Income Fund FNB Namibia Unit Trusts
More informationTHE OLD MUTUAL NUCLEUS INDEX LIFE FUND RANGE
THE OLD MUTUAL NUCLEUS INDEX LIFE FUND RANGE FOR MEMBERS OF OLD MUTUAL SUPERFUND CHOICE INTRODUCING OLD MUTUAL NUCLEUS INDEX LIFE FUNDS Old Mutual Nucleus Index Life Funds are a range of simple, yet effective
More informationDelta Global Plus Wrap Fund
31 May 2018 To make a lasting difference Fund Information Inception Date 01 July 2012 Fund Size Benchmark R 21.4 million Global Multi Asset Flexible Risk Profile High Risk X X X X X Fee Structure (incl
More informationFOR THE QUARTER ENDING 30 NOVEMBER 2018
QUARTERLY FUND OVERVIEW FOR THE QUARTER ENDING 30 NOVEMBER 2018 VIEW FROM THE FUND MANAGER S DESK Glenn Moore Interest Rates Trend: Flat Short Term: Rising At the last MPC meeting interest rates were raised
More informationIMPORTANT CHANGES THAT REQUIRE YOUR VOTE
Cape Town, Head Office: 7 th Floor, Protea Place, 40 Dreyer Street, Claremont, 7708 PO Box 23167, Claremont, 7735, South Africa T: +27 21 670 5101 F: +27 21 683 7156 E: info@prudential.co.za www.prudential.co.za
More informationRECM GLOBAL FLEXIBLE FUND (Class C) Period ended 28 February 2015
RECM GLOBAL FLEXIBLE FUND (Class C) The RECM Global Flexible Fund is a unit trust that may invest in equities, bonds, property, cash and offshore assets without any restrictions. The Fund s aim is to generate
More informationAbsolute Return Manager Watch TM Survey for the month ending April 2018
APRIL 201 2018/04/30 2018/02/01 2018/01/01 2017/05/01 2015/05/01 2013/05/01 2011/05/01 2008/05/01 Month Ending APRIL 2018 2018/01/01 2017/10/01 2017/09/01 2017/02/01 2015/02/01 2011/02/01 2008/02/01 CPI
More informationPRESS RELEASE. Securities issued by Hungarian residents and breakdown by holding sectors. October 2017
11 December 2017 PRESS RELEASE Securities issued by Hungarian residents and breakdown by holding sectors October 2017 According to securities statistics, the amount outstanding of equity securities and
More informationCORONATION FEE SCHEDULE COMPLETE FUND RANGE
If you would like an investment quote for comparison purposes, please contact our client service team. DOMESTIC - INCOME FUND Strategic Income Income The fund aims to achieve a higher return than a traditional
More informationTERMS OF REFERENCE FOR THE INVESTMENT COMMITTEE
I. PURPOSE The purpose of the Investment Committee (the Committee ) is to recommend to the Board the investment policy, including the asset mix policy and the appropriate benchmark for both ICBC and any
More informationActive and Passive arrows in the advisor s quiver. Jannie Leach Head of Core Investments
Active and Passive arrows in the advisor s quiver Jannie Leach Head of Core Investments 1 Active AND Passive Active versus passive debate old news Benchmarking a problem Active and passive are inextricable
More informationMLC Horizon 1 - Bond Portfolio
Horizon 1 - Bond Portfolio Annual Review September 2009 Investment Management Level 12, 105 153 Miller Street North Sydney NSW 2060 review for the year ending 30 September 2009 Page 1 of 11 Important information
More informationMarket Commentary. Market Indice Returns. Resources Global Equities Cash 0.6. Global Equities 6.3. Resources Global Equities 15.
Market Commentary The IMF highlighted that the world economy is plateauing as the lender cut its growth forecast for the first time in more than two years, citing escalating trade tensions and stresses
More informationMANAGED PORTFOLIO SERVICE
MANAGED PORTFOLIO SERVICE Cautious May 218 The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. Any specific investments
More informationGlobal Investments. Diversifying your wealth
JERSKEMY 8 660 Global Investments Diversifying your wealth Your Wealth It has been said: The world is a book, and those who do not travel read only a page. The same can be said of investing globally. 01
More informationFNB Namibia Unit Trusts Fund Fact Sheets 31 March 2014
FNB Namibia Unit Trusts Fund Fact Sheets 31 March 2014 FNB Namibia Unit Trusts General Equity Fund FNB Namibia Unit Trusts Income Fund FNB Namibia Unit Trusts Money Market Fund FNB Namibia Unit Trusts
More informationOLD MUTUAL UNIT TRUSTS TAX-FREE INVESTMENT
OLD MUTUAL S TAX-FREE INVESTMENT Unit Trusts Tax-Free Investment National Treasury has introduced new regulations to the Income Tax Act of South Africa that make investments of R33 000 per tax year (subject
More informationFoundations of Investing
www.edwardjones.com Member SIPC Foundations of Investing 1 5 HOW CAN I STAY ON TRACK? 4 HOW DO I GET THERE? 1 WHERE AM I TODAY? MY FINANCIAL NEEDS 3 CAN I GET THERE? 2 WHERE WOULD I LIKE TO BE? 2 Develop
More informationXML Publisher Balance Sheet Vision Operations (USA) Feb-02
Page:1 Apr-01 May-01 Jun-01 Jul-01 ASSETS Current Assets Cash and Short Term Investments 15,862,304 51,998,607 9,198,226 Accounts Receivable - Net of Allowance 2,560,786
More informationEAST WEST BANKING CORPORATION EASTWEST DOLLAR INTERMEDIATE TERM BOND FUND KEY INFORMATION AND INVESTMENT DISCLOSURE STATEMENT
EAST WEST BANKING CORPORATION > Your dream Our focus < EASTWEST DOLLAR INTERMEDIATE TERM BOND FUND KEY INFORMATION AND INVESTMENT DISCLOSURE STATEMENT For the Month 31 August 2017 FUND FACTS Classification:
More informationSanlam Umbrella Fund Member guide to investment options in the Fund
Sanlam Umbrella Fund Member guide to investment options in the Fund Date issued May 2018 Table of Contents Overview 3 Trustee-approved investment strategies 4 1. Sanlam Lifestage 4 2. Volatility Protection
More informationCLASSIC LIST OF FUNDS
STANLIB Class Fund Charge (VAT excl.) Performance Risk Rating Regulation 28 Compliance STANLIB Money Market Fund *** R 0.50% Conservative STANLIB Institutional Money Market Fund **** B13 0.50% Conservative
More information36ONE Target Return Fund
1997 Initial team joined HSBC 1999 Moved to Investec December 2004 Formation of 36ONE Asset Management September 2005 36ONE MET Flexible Opportunity Fund 36ONE Target Return Fund April 2006 36ONE Hedge
More informationCHALLENGING BELIEFS THE SOUTH AFRICAN EXPERIENCE MANAGED VOLATILITY
CHALLENGING BELIEFS THE SOUTH AFRICAN EXPERIENCE MANAGED VOLATILITY Grant Watson Saliegh Salaam HIGH RISK = HIGH RETURN? Falling Risk Rising Risk 2 Source: Quantitative Investments, INET Negative returns
More informationSanlam Staff Umbrella Pension and Sanlam Staff Provident Fund (SSUF) Investment Information Brochure as on 31 March 2018
Sanlam Staff Umbrella Pension and Sanlam Staff Provident Fund (SSUF) Investment Information Brochure as on 31 March 2018 Last Update: April 2018 By Chrisna Swart Page 1 of 24 CONTENTS SECTION PAGE NUMBER
More informationPRESS RELEASE. Securities issued by Hungarian residents and breakdown by holding sectors. October 2018
PRESS RELEASE 10 December 2018 Securities issued by Hungarian residents and breakdown by holding sectors October 2018 According to securities statistics, the amount outstanding of equity securities and
More informationTotal
The following report provides in-depth analysis into the successes and challenges of the Northcoast Tactical Growth managed ETF strategy throughout 2017, important research into the mechanics of the strategy,
More informationPower. Schroder Asian Income. your way to higher yields. p.a.
Schroder Asian Income POTENTIAL PAYOUTS 6% PAID MONT HLY* p.a. Power your way to higher yields * It is Schroder Investment Management (Singapore) Ltd s (the Manager s ) current intention to declare distributions
More informationCapturing equity gains whilst protecting portfolios
Capturing equity gains whilst protecting portfolios Edward Park Q2 2018 MSCI North America Total Return in USD (2017 Discrete Calendar Months) 4.00% 3.50% 3.00% 2.50% 2.00% 1.50% 1.00% 0% 0.00% Jan-17
More informationAlternative Investments: Risks & Returns
Alternative Investments: Risks & Returns THE FAMILY ALTERNATIVE INVESTMENT CONFERENCE February 2007, Monaco Hossein Kazemi, PhD, CFA Managing Partner, AIA Professor of Finance, Univ of Massachusetts kazemi@alternativeanalytics.com
More informationKB Elite Multi Asset Balanced Fund
KB Elite Multi Asset Balanced Fund Quarterly update, Q4 2014 For professional use only Key events in Q4 2014 October Islamic state forces besiege the Syrian border town of Kobane Bank of Japan announces
More informationLiberty Holdings Limited Financial results presentation for the year ended 31 December
Liberty Holdings Limited Financial results presentation 2016 for the year ended 31 December Results agenda Annual results 2016 Group financial Operational activities Conclusion preview and strategic performance
More informationQUARTERLY REPORT AND CERTIFICATION OF THE COUNTY TREASURER For Quarter Ending June 30, 2009 COMPLIANCE CERTIFICATION
QUARTERLY REPORT AND CERTIFICATION OF THE COUNTY TREASURER For Quarter Ending June 30, 2009 The Government Code requires the County Treasurer to render a Quarterly Report to the County Administrator, the
More informationDRW Investment Research. Market Performances and Indicators
DRW Investment Research Market Performances and Indicators April 2015 1-year 2-year 3-year 4-year 5-year 6-year 7-year 8-year 9-year 10-year 11-year 12-year 13-year Annualised return 1. FTSE JSE Indices
More informationBATSETA Durban Mark Davids Head of Pre-retirement Investments
BATSETA Durban 2016 Mark Davids Head of Pre-retirement Investments Liberty Corporate VALUE Dividend yield Earning yield Key considerations in utilising PASSIVE and Smart Beta solutions in retirement fund
More informationSpheria Australian Smaller Companies Fund
29-Jun-18 $ 2.7686 $ 2.7603 $ 2.7520 28-Jun-18 $ 2.7764 $ 2.7681 $ 2.7598 27-Jun-18 $ 2.7804 $ 2.7721 $ 2.7638 26-Jun-18 $ 2.7857 $ 2.7774 $ 2.7690 25-Jun-18 $ 2.7931 $ 2.7848 $ 2.7764 22-Jun-18 $ 2.7771
More informationAnnual report. Granate Asset Management (Pty) Ltd unit trust portfolios. year ended 30 june 2017
Annual report Granate Asset Management (Pty) Ltd unit trust portfolios year ended 30 june 2017 contents Granate Asset Management (Pty) Ltd unit trust portfolios Annual report Chief executive officer s
More informationThe Compelling Case for Value
The Compelling Case for Value July 2, 2018 SOLELY FOR THE USE OF INSTITUTIONAL INVESTORS AND PROFESSIONAL ADVISORS 0 Jan-75 Jan-77 Jan-79 Jan-81 Jan-83 Jan-85 Jan-87 Jan-89 Jan-91 Jan-93 Jan-95 Jan-97
More informationEAST WEST BANKING CORPORATION EASTWEST PESO MONEY MARKET FUND KEY INFORMATION AND INVESTMENT DISCLOSURE STATEMENT. For the Quarter 31 December 2015
EAST WEST BANKING CORPORATION > Your dream Our focus < EASTWEST PESO MONEY MARKET FUND KEY INFORMATION AND INVESTMENT DISCLOSURE STATEMENT For the Quarter 31 December 2015 FUND FACTS Classification: Peso
More informationLOCAL INVESTMENT PLATFORM FUND LIST EFFECTIVE 15 DECEMBER 2017 VERSION 9.13
LOCAL INVESTMENT PLATFORM FUND LIST EFFECTIVE 15 DECEMBER 2017 VERSION 9.13 IMPORTANT DEFINITIONS AND NOTES The primary aim of our investment platform is to offer investors choice and ease of administration
More informationKey market performance drivers. Monthly charts to 30 September 2018
Key market performance drivers Monthly charts to 30 September 2018 Market concentration One-year Capped SWIX contributions ending September 2018 Source: StatPro, Power BI and Momentum Investments Active
More informationFor financial adviser use only. Not to be used with retail clients. Guide to Backtesting
For financial adviser use only. Not to be used with retail clients. Guide to Backtesting Backtesting Backtesting can be a useful tool for advisers in order to evaluate the performance of a structured
More informationETFs and Your Wealth. etfsa.co.za Investment Seminar. Nerina Visser ETF Strategist & Advisor etfsa.co.za. November 2017
ETFs and Your Wealth etfsa.co.za Investment Seminar November 2017 Nerina Visser ETF Strategist & Advisor etfsa.co.za ETFs what it is NOT Investing in ETFs is NOT Get-rich-quick scheme Trading in individual
More informationTHE B E A CH TO WN S O F P ALM B EA CH
THE B E A CH TO WN S O F P ALM B EA CH C OU N T Y F LO R I D A August www.luxuryhomemarketing.com PALM BEACH TOWNS SINGLE-FAMILY HOMES LUXURY INVENTORY VS. SALES JULY Sales Luxury Benchmark Price : 7,
More informationHSBC Collective Investment Trust HSBC Asia Pacific ex Japan Equity Volatility Focused Fund
Important information: The Fund invests mainly in Asia Pacific ex Japan Equity. The Fund is subject to the risks of investing in emerging markets. The Fund may invest in financial derivative instruments
More informationKey market performance drivers
Key market performance drivers Monthly charts September 2017 1 Market returns concentration One-year returns ending: September-17 August-17 July-17 NASPERS NASPERS NASPERS ANGLO ANGLO ANGLO STANDARD BANK
More informationPower your way to higher yields
Schroder Asian Income SGD Class Power your way to higher yields * Distributions at a variable percentage per annum of the net asset value per unit of the Schroder Asian Income SGD Class (the Fund ) will
More informationChinaAMC China Opportunities Fund Fund Factsheet
ChinaAMC China Opportunities Fund Fund Factsheet As of 30 November 2012 37/F, Bank of China Tower, 1 Garden Road, Hong Kong This Fund has not been authorized by the Hong Kong Securities and Futures Commission
More information