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Foord Global Equity Feeder Fund

Investment Objective

To provide investors with exposure to a diversified mix of global equity and equity-related securities constructed for the purpose of maximising return with minimum risk. This is achieved through direct investment in Foord Global Equity Fund which aims to produce an annualised return in excess of world equity indices. South African investors are able to diversify their portfolios offshore and to hedge against Rand depreciation.

Note: The fund is temporarily closed to new investment. Investors may still access the Foord Global Equity Fund.

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Investor Profile

Investors who require diversification of foreign equities not available in South Africa; or who seek a hedge against ZAR currency depreciation; or who have utilised their maximum personal offshore exchange control allowance.

Performance history   Info

Fund Characteristics

Benchmark

The rand equivalent of MSCI All Country World Total Return Index.

significant restrictions

The portfolio may only invest in cash and one other collective investment scheme.

Income Distributions

End-February and end-August each year.

Income Characteristics

Marginal to zero income yield as the Foord Global Equity Fund is a roll-up fund and does not distribute income.

Portfolio Orientation

Fully invested in Foord Global Equity Fund (FGEF), allowing South African investors to diversify investment risk and hedge against ZAR depreciation.

Foreign Assets

Invests in Foord Global Equity Fund (FGEF), a fund invested primarily in a diversified portfolio of global equities and cash, priced in US dollars and domiciled in Singapore.

Risk of loss

High in periods less than one year. The rand/dollar exchange rate adds volatility over the short term.

Time Horizon

Longer than 3 years

Suitable Investors

Investors who require exposure to a diversified portfolio of foreign equities not available in South Africa. Investors who seek a hedge against rand depreciation. Investors who have utilised their maximum personal offshore exchange control allowance.

Fee Structure

No initial fees are levied. The standard charge rate is 0.35% plus VAT. A 0.85% fixed annual fee plus 15% performance sharing fee is charged in Foord Global Equity Fund

Fund Manager

Minimum Investment

R50 000 lump sum or R1 000 per month