Foord Unit Trusts (RF) (Pty) Ltd (Foord Unit Trusts) is an approved CISCA Management Company (#10). Assets are managed by Foord Asset Management (Pty) Ltd (Foord), an authorised Financial Services Provider (FSP: 578).
Email is not a secure method of communication – it is subject to possible corruption or interception. No assurance can be provided that the integrity of any message or its accompanying documentation has remained intact, or that the communication is free of viruses, errors, interception, tampering or interference. The sending company therefore does not accept liability for any damage, loss or expense arising from this email and/or from the accessing of any files attached to it, its non-delivery or incorrect delivery for whatever reason, its effect on electronic devices or its transmission in an unencrypted medium.
This email and any attachments are the property of Foord Asset Management (Pty) Limited and Foord Unit Trusts (RF) (Pty) Ltd (“Foord”) or its licensors and are protected by copyright and other intellectual property laws. They may not be altered without Foord’s prior written consent.
Unit Trust Disclosures
Collective Investment Schemes in Securities (unit trusts) are generally medium to long term investments. The value of participatory interests (units) may go down as well as up and past performance is not necessarily a guide to the future. Performance is calculated for the portfolios. Individual investor performance may differ as a result of the actual investment date, the date of reinvestment and withholding taxes. Performance may be affected by changes in the market or economic conditions and legal, regulatory and tax requirements. Distributions may be subject to mandatory withholding taxes.
Foord Unit Trusts does not provide any guarantee either with respect to the capital or the performance return of the investment.
Unit trusts are traded at ruling prices and can engage in borrowing. Foord Unit Trusts does not engage in scrip lending. Commission and incentives may be paid and if so, are not borne by the investor. A schedule of fees and charges and maximum commissions is available on request from Foord.
Foord Unit Trusts is authorised to close any of the portfolios to new investors in order to manage them more efficiently in accordance with their mandates.
The Foord Unit Trust portfolios may include underlying foreign investments. Fluctuations or movements in exchange rates may cause the value of underlying international investments to go up or down. The underlying foreign investments may be adversely affected by political instability as well as exchange controls, changes in taxation, foreign investment policies, restrictions on repatriation of investments and other restrictions and controls which may be imposed by the relevant authorities in the relevant countries.
A fund of funds invests only in other Collective Investment Scheme portfolios, which may levy their own charges, which could result in a higher fee structure. A feeder fund is a portfolio that, apart from assets in liquid form, consists solely of units in a single portfolio of a Collective Investment Scheme which could result in a higher fee structure.
Unit trust prices are calculated on a net asset value basis. This is the total value of all assets in the portfolio including any income accruals less any permissible deductions from the portfolio. Permissible deductions from the total portfolio include bank charges, trustee / custodian fees, audit fees, manager's annual fees, securities transfer tax and brokerage. Forward pricing is used. Prices are determined at 15h00 each business day and are published daily here and in national newspapers.
The cut-off time for instruction is 14h00 each business day.
Nothing contained in this email constitutes an advertisement or should be regarded as an offer or solicitation to purchase, sell or otherwise deal with any particular investment. Any information provided is not intended nor does it constitute financial, tax, legal, investment, or other type of advice, and the suitability or potential value of any information is not guaranteed.
This email may contain confidential information and may be legally privileged and is intended for the person to whom it is addressed. If you are not the intended recipient, you are hereby notified that you may not use, distribute or copy the content or any accompanying documentation in any manner whatsoever. Kindly notify the sender immediately and delete the email.
Views or Opinions
Any views or opinions expressed in this email are those of the sender and should not be construed as being the views or opinions of Foord, unless specifically declared those of Foord. No obligations are created by its transmission nor do the views or opinions represent any commitment by Foord. Economic forecasts and predictions are based on Foord’s interpretation of current factual information and exploration of economic activity based on expectation for future growth under normal economic conditions, not dissimilar to previous cycles. Forecasts and commentaries are provided for information purposes only and are not guaranteed to occur
Interception and Monitoring
Employees have no privacy rights in the creation, transmission, receipt or storage of information on Foord’s systems. In order to protect the integrity of its systems, Foord reserves the right to monitor, review and disclose any information transmitted or received by employees via email.
When you communicate with Foord through electronic means, you consent to receiving communications electronically and agree that all agreements, notices, disclosures and all other communications transmitted in this way, satisfy any legal requirement, including but not limited to the requirement that such communication should be “in writing.”
Any dispute of whatsoever nature relating to or arising out of the transmission, receipt, interpretation, or unauthorised usage (whether directly or indirectly) of this email and any accompanying documentation, or any of the parties’ rights and obligations arising therefrom, shall be governed by the laws of the Republic of South Africa, and shall be subject to the exclusive jurisdiction of the courts of the Republic of South Africa.