Dear Readers,

It is always a highlight to be able to communicate with you each month and I wish to thank each of you who has provided such positive feedback about the Warwick Wealth Matters (WWM). I assure you, every email and suggestion is read and factored into our subsequent edition.

Some of the main ideas around the WWM is to keep our clients, professional network and supporters up to speed on the local and international markets, company developments, fiduciary services and overall wealth management. But we haven’t focused on asset management for some time and so this month I want to highlight just a sample of the types of funds available to our clients. I will focus on just four funds this month.

Firstly, a balanced fund, such as the Accorn BCI Balanced Fund. The Accorn BCI Balanced Fund is a managed portfolio aiming to achieve long-term capital growth and moderate income generation by investing across a variety of asset classes and instruments. The portfolio’s equity exposure is actively managed and will range between 0% and 75% of the portfolio’s net asset value. In order to achieve its objective, the investments normally to be included in the portfolio may comprise a combination of assets in liquid form, money market instruments, interest bearing securities, bonds, debentures, corporate debt, equity securities, property securities, preference shares, convertible equities and nonequity securities. The portfolio may from time to time invest in listed and unlisted financial instruments such as forward currency, interest rate and exchange rate swap transactions.

The Accorn BCI Equity Fund is a general equity portfolio that seeks to sustain high long-term capital growth. The portfolio‘s equity exposure will always exceed 80% of the portfolio’s net asset value. The portfolio’s investment universe consists of equity securities, preference shares, property shares and property related securities listed on exchanges, money market and other interest-bearing instruments and assets in liquid form. The portfolio may from time to time invest in listed and unlisted financial instruments.

The Accorn BCI International Fund of Funds aims to provide investors with a moderate long term total return by providing them with exposure to a diverse mix of underlying portfolios, comprising global asset classes and exposure to various currencies. Investments to be included in the portfolio will, apart from assets in liquid form, consists of participatory interests and other forms of participation of local and global collective investment schemes, or other similar schemes operated in territories with a regulatory environment which is to the satisfaction of the manager and trustee of a sufficient standard to provide investor protection at least equivalent to that in South Africa and which is consistent with the portfolio’s primary objective, investing in amongst others, equity securities, property securities, non-equity securities, money market instruments, preference shares, listed and unlisted financial instruments, bonds and other interest bearing instruments and securities.

The Cadiz BCI Enhanced Income Fund is an enhanced income portfolio with an objective to achieve a high level of sustainable income and stability of capital invested. In order to achieve its objective, the investments normally to be included in the portfolio may comprise of a combination of assets in liquid form, interest bearing securities, money market instruments, bonds, debentures, convertible securities, cash deposits, corporate debt, listed property, preference shares, non-equity securities, equity securities and any other securities which are considered to be consistent with the portfolio’s primary objective and the Act or the Registrar may allow from time to time, all to be acquired at fair market value. The portfolio‘s equity exposure, if any, will not exceed 10% of its net asset value and the portfolio may invest offshore. The portfolio may from time to time invest in listed and unlisted financial instruments such as forward currency, interest rate and exchange rate swap transactions for efficient portfolio management purposes.

This is just a sample, but to find out more about the extensive portfolio of funds available to Warwick, please contact us directly on 0800 50 50 50, or speak to your Financial Advisor.

Until next month, let’s see what the Medium-Term Budget Policy Statement holds scheduled for 30 October and thank you for the trust and confidence you have in Warwick Wealth.

Sincerely,
Marc Wiese