Funds differ in terms of investment objectives, strategies, risks and costs. The investment objective may be capital appreciation or to generate income. Good causes are nominated by our people to receive donations. To pay in cash or cheques you visit your local NatWest (England and Wales), RBS (Scotland) and Ulster Bank (Northern Ireland) branch with a paying in slip without having to set up a facility. Conversely, if the return is lower than the benchmark index, the fund has underperformed. Unit trust funds are generally exposed to the risks below depending on the fund types. 1713124. 0.55% Gross/AER. Understand the fund’s investment objective, strategy or approach. How is my financial adviser being remunerated? Unit trust fund lah! After investing, regularly monitor the fund’s performance to see if it meets your expectations. (P1).Some of the Unit Trusts distribute the realised income by way of dividends periodically. You may face risks unique to that particular fund. The investors agree to the purchases when they purchase placement in the trust, and those securities are locked in from day one. Latest Updates. They are paid a management fee from the fund, typically based on a percentage of the assets they manage. However, no fund is without some element of risk, so it is important that you understand costs related to the trust you choose. The fund’s currency base may also be different from your own. Investing in funds may not be for everyone. This may occur if the fund manager ceases operations or when the fund size has become so small that the manager decides it is not economically viable to continue managing it. Find out more from the fund’s prospectus or trust deed. Interest Rate in Zambia averaged 10.10 percent from 2012 until 2021, reaching an all time high of 15.50 percent in November of 2015 and a record low of 8 percent in August of 2020. A CIS portfolio may borrow up to 10% of the market value of the portfolio to bridge insufficient liquidity. The table below shows the potential risk and return profile of different types of funds: Funds may also be classified as either passively managed or actively managed: Funds are available from financial institutions and online financial platforms. Unit Trusts provide a low-cost, easy-to-understand way of taking part in the stock market. Call us on 0345 140 1000 or speak to your relationship manager to discuss how we can help.. Repurchase Price: Income & Growth – $2.26 per unit Income Fund- $1.00 per unit. You invest in a fund by buying units in the fund. May provide access to assets or markets that may be difficult or expensive for you to invest in directly. However, unlike a traditional open-ended mutual fund, it's not possible to immediately reinvest these cash flows back into the trust itself due to the way it is structured (recall that the UIT is a fixed portfolio of preselected securities). Find out about alternative investment products and compare their risk-return profile and features with the product introduced to you. If your main goal is investment, you may wish to consider unit trusts. You should monitor your fund regularly to ensure that it continues to meet your objectives. Make a list of your needs and goals, personal circumstances and risk profile. Are you comfortable with the fund manager? “Interest rate increases, market volatility and the uncertainty around what the Fed will do can make an investor uneasy,” Naicker says. Are any of the fees avoidable or negotiable? The benchmark interest rate in Zambia was last recorded at 8 percent. So, when comparing two funds that are benchmarked against an index, the fund with the higher Sharpe ratio gives more returns for the same level of risk. You should also check if returns are provided net of fees and charges. The NAV of a fund is the market value of the fund’s net assets (investments, cash and other assets minus expenses, payables and other liabilities.) This will also decide how much income tax may be potentially liable. Your premiums are used to pay for units in sub-funds of your choice, and some of the units are then sold to pay for insurance and other charges. The Unity team is actively involved in volunteering and fundraising events  organised throughout the year. Name: NAV: Yield 27 FOUR ASSET SELECT PRESCIENT FOF A : 176.29 - 27 FOUR BALANCED PRESCIENT FUND OF FUNDS : 2165.53 - 27 FOUR EQUITY PRESCIENT … Fixed deposits vs unit trusts. Unit trusts are unincorporated mutual funds that pass profits directly to investors rather than reinvesting in the fund. Want potentially higher returns BUT are also prepared for variable returns which include the risk of losing a substantial part of your investment. With a unit trust, a fund manager buys bonds or shares in companies on the stock market on behalf of the fund. Your Goals. Interest paid on Maturity. Ensure that the fund’s investment strategies are in line with your own objectives. This module should take around 30 minutes to complete. There is a capital gain when the price of the units rises above the price you paid for the fund. Unit Investment Trust Funds (UITFs) are ready-made investments that allow the pooling of funds from different investors with similar investment objectives. Use the guide below to find the best unit trust investments, based on … Need assistance? Please click on the links below to see a full list of our interest rates. An actively managed fund is generally expected, over a reasonable time horizon, to outperform its benchmark index. Unit Trusts Unit trusts provide an excellent and extremely popular means of investing your money. If you don’t know what it is, a unit trust fund is simply a collection of company stocks or bonds that is managed by a professional fund manager. You can therefore sell it at a higher capital value than which you bought it if interest rates fall. For example let’s assume you have invested in a Unit Trust a sum of Rs 100,000/- at a unit selling price of Rs.10/- per unit on 1st January 2008. Fees are usually payable regardless of how well or poorly the fund performs. Find the best Unit Trust Investment in Malaysia . Unity Trust Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Understand how unit trusts and funds work and things to look out for before you invest. What kind of service is expected for the remuneration. You should have adequate financial resources so that you won’t have to liquidate your funds during a market downturn. The difference between these and unit trusts is that ILPs combine life insurance coverage and investment components. Regularly monitor the fund's performance and the economic and political risks of the markets you are invested in. A fund manager manages the unit trust or fund. A bond unit investment trust (UIT) purchases only bonds including municipal bonds, state bonds and Federal bonds. May diversify some risks, but cannot eliminate all risks. Information on total returns is available from the fund manager or from the IMAS/LIA FundSingapore.com website. As there is no limit to what you can invest unit trusts are a good option if you have already used up your annual For instance, debt securities prices generally fall when interest rates rise. Make sure you understand the risks and are comfortable that it matches your own risk profile. In most cases, the trustee’s powers are limited by the trust deed so that the trustee does not have any discretion as to how the income is … Trust income up to £1,000. The tax rates are below. The fund manager creates units for new investors and cancels units for those selling out of the fund. You can ask some of the following questions: What are all the fees relating to this purchase? Some funds pay dividends. Our Funds Fixed interest funds. Understand how returns are calculated or the factors that can affect returns. Be clear about your investment objectives before deciding which funds are suitable for you. All organisations have different banking needs and we offer a range of accounts to suit you. In either case, the sales charge will be refunded to you. Some benefits include: Unity Trust Bank is entered in the Financial Services Register under number 204570. Funds invest in a diversified range of assets. If you need to convert your investments to cash in the short-term to meet specific needs, some funds may not be suitable for you. Even if your fund’s value has been fairly stable, the fees you pay will, over time, reduce the value of your investment. This page provides - Zambia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. See also: Unit trusts: Understanding pricing and fees. FD accounts are a useful way of investing a lump sum for the short term, but are not good long-term investments because the interest rates are relatively low. Bonds are liquid and can be traded. Why Unit Trusts work for you? Fluctuations or movements in exchange rates may cause the value of underlying investments to go up or down. You select the accounts you want us to move to us. Do you know where else you can park your money and get a higher return? Fees can also reduce your returns. Can I lower my costs by buying a fund through a different financial institution or online fund platforms? Singapore-constituted funds are known as “authorised funds” while foreign funds are known as “recognised funds”. Registered in England and Wales no. The variety of funds can be overwhelming. Market risk. However, if you do not need financial advice, you may consider buying the fund through other channels that may cost less, such as platforms offered by banks or online fund platforms.What are the fees and charges you will incur? Do read the fund manager's regular fund reports to keep abreast of how your fund is doing. You can use an encashment facility at your local NatWest (England and Wales), RBS (Scotland) and Ulster Bank (Northern Ireland) branch to withdraw cash. Updated 21 Apr 2020 – By Irwin Umban. You should ensure that the fund manager’s investment style is in line with your own investment objectives. Our free account switcher service makes the process as easy as possible: We are a bank established to serve the needs of our customers and enrich society as a whole. Sanlam Namibia Money Market Fund : Download PDF : Sanlam Namibia Floating Rate Fund : Download PDF : Sanlam Namibia Active Fund : Download PDF : Multi Asset Class Fund . Unit trusts versus ILPs Investment-linked insurance policies (ILPs) are another way to invest in funds. Are prepared to have your money tied up for long periods of time. Generally, the higher the Sharpe ratio, the higher the excess return the manager was able to generate per unit of risk taken. We recommend you speak to a broker to ensure you get a fair deal. Is there a fee schedule that lists all of the fees, both one-time and ongoing, that will be charged? We offer a comprehensive range of products comprising conventional and Shariah-based unit trust and PRS funds, as well as financial planning services. For passive or index funds, you can compare the fund’s performance against its benchmark index to see how closely the fund replicates the index’s returns. Sales Price: Income & Growth – $2.36 per unit Income Fund- $1.00 per unit. If you need financial advice to help you decide whether to buy a fund and which fund to buy, please speak to a financial adviser representative. The fund manager should notify you of the termination no later than one month before the fund is to be terminated. No. Total returns take into account both the income received and price changes. When choosing a fund, consider the following: In general, funds may be divided into three main categories: shares, bonds, and balanced funds that combine shares and bonds. 1. Investment-linked insurance policies (ILPs) are another way to invest in funds. The interest rate is fixed for the term of the bond. You are getting comfortable in life and desire a sustainable investment growth while you enjoy your golden years. Offers a fuss-free investment that allows you to better focus on your career and family ; Allows better risk management; Gives you access to funds when you need it most   Planning for financial security. Any interest or dividends received during the administration period are taxable upon the executors at basic rate (20% on interest & 7.5% on dividends) with no … Please click here for the Schedules of similarities and differences between South African regulations and the regulations governing the foreign unit trusts which Allan Gray represents in South Africa. Funds that invest in assets denominated in foreign currencies may be exposed to adverse currency movements. Unit Price. The list of funds authorised or recognised by MAS for sale to retail investors is available on the website via OPERA, the electronic repository for public offers of investments. The trust deed is a legal document that sets out the terms and conditions governing the relationship between investors, the fund manager and the trustee. A fund is said to have outperformed its benchmark index if the return is higher than benchmark. The Sharpe ratio measures a fund’s historical risk-adjusted performance. The trustee ensures that the fund is managed according to the trust deed to minimise the risk of mismanagement by the fund manager. A unit trust is a fund which adopts a trust structure; not all funds use a trust structure. In this guide, the term “fund” will also refer to a unit trust. A fund’s diversified portfolio means risks can be better spread over the assets in the fund. However, note that past performance is not necessarily an indication of future performance. 2. Who can invest in UITFs? Assess all the fees and charges that you will incur in buying and holding a fund before deciding whether to invest in it. You’ll also benefit from 24/7 access to your account using our Internet Banking service. Funds are not principal or capital-guaranteed. Minimum opening balance of N$5 000. In a specific country or geographical region, e.g. We offer a simple range of unit trusts, suitable for different needs. If you invest indiscriminately, you could end up with an assortment of funds that do not match your financial needs. Does the fund match your objectives and risk profile? Aside from shares and bonds, funds can invest in assets or a combination of assets such as: Fund managers may set up funds that invest: The risks associated with a fund strategy are determined by a combination of the underlying assets selected, and the geographical regions, industrial sectors or themes. Please click on the links below to see a full list of our interest rates. Fees charged by professional fund managers will reduce your returns. Funds may be exposed to the risk that the counterparty that they trade with is unable to meet its payment obligations due to a deterioration of the counterparty’s financial situation or otherwise. ** Gross Rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. In Singapore, local and foreign funds offered to retail investors are regulated as collective investment schemes. Before you invest, consider the following: Do you know your own investment objectives? The investor is the trust's beneficiary. Be prepared for price fluctuations. All organisations have different banking needs and we offer a range of accounts to suit you. To find out more about how we make a difference, view our Impact Report – Half Year 2020 or Impact Report – 2019. without insurance coverage). capital preservation, income generation or capital appreciation). A tax-free unit trust works largely the same as a standard unit trust, except that you don’t pay any tax on your interest or dividends earned, and capital gains are tax free too. We contact your existing bank for a list of your Direct Debit and Standing Order payments for the account you’re switching from. OEICs (Open Ended Investment Companies) and unit trusts are commonly used collective investments and share the same tax treatment. Some of the risks associated with investing in unit trusts include the following: The fund’s NAV or trading prices will be affected by changes in the value of the assets in the fund that in turn are affected by changing economic, political or market conditions. Email us via info@unittrustfiji.com. This may affect the prices at which you buy or sell. Sometimes, the ILP sub-fund that you are interested in may also be offered as a unit trust (i.e. You may lose a substantial amount of the money you invested in certain situations. Before you invest, make sure that you: There are different types of funds available, each with its own investment objective and investment approach or strategy. Choose a unit trust that suits your needs. By switching your bank account to Unity you’ll be helping to create a better society. When you choose a unit trust, there is a trade-off between higher potential return on the one hand, and stability and lower risk on the other. Returns are annualised so you can examine performance from year to year, or over a number of years, and compare performance of one fund with another. South African Unit Trust Prices: 2021/01/19 : Published weekdays between 20h00 and 23h00, some funds that do not supply directly to us or who supply data after 7:30pm may be delayed by one day. Note: Some investment products are categorised as Specified Investment Products (SIPs). For example, funds investing in Singapore stocks often benchmark against the Straits Times Index. Interest rate risk. The risks of investing in the fund are described in the product offering documents such as the prospectus and the product highlights sheet. Actively managed funds may attract more fees and charges as the fund manager makes more active investment decisions. Interest Gross Rate**: 0.00%; Interest AER***: 0.00% * Net Rate is the amount of interest you will receive if your organisation pays tax at source. If there is not one of these branches easily accessible to you we can in exceptional circumstances set up an encashment facility at a high street bank of your choice. Interest Income Unlike capital gains, interest income is taxed at the highest tax rate as ordinary income. There are the main ways of evaluating the performance of your fund. The secondary market may also be illiquid for funds that are listed and traded on a securities exchange. Provided as a free service by Sharenet. For example, if John has 60 units and Sarah has 40 units then John would receive 60% of the unit trust income and Sarah would receive 40%. Do check with your financial institution whether the product you are considering is an SIP. Find out more about the features of funds below: Managed by a professional fund manager who decides what assets to buy or sell based on the investment objective of the fund. Funds’ performance can also be measured against a benchmark index. Invests in a diversified range of assets to spread its risks. Funds with the same investment objective may use different investment strategies to achieve the same goal. Click here for our Investment facilities. An actively managed fund usually aims to outperform a particular performance benchmark. As funds are exposed to market ups and downs, investors who stay invested long enough may be better able to ride out the downturns. But if interest rates fall – and that’s the reason for my answer above – your investment will increase in value because the interest rate paid for new effects are lower than the rate at which you purchased your unit. You have no control over the investment decisions of the fund manager. Assess whether the fund manager has the resources, experience and skills to manage the fund. Are familiar with the fund manager and fund’s track record. When the unit investment trust collects dividends and/or interest from the underlying securities, it then pays the cash out to the owner. Find out what you will be charged, when and why. Employment Opportunities. * The term ‘unit trusts’ is used to refer to all similar offshore pooled investments, including those that may be structured differently, such as ‘mutual funds’. The fund is split into units, and this is what you’ll buy. Whether you are a seasoned investor, or a beginner, unit trusts may be the way to go. The movement in unit trust rates is, however, minimal, with most unit changing by less than one percentage point. The NAV is usually computed daily to reflect changes in the prices of the investments held by the fund. In this guide, the term “fund” will also refer to a unit trust. Unit Trusts are professionally managed funds that allow you to invest in financial markets, together with other investors, through a management company. , view our Impact Report – Half year 2020 or Impact Report –.. Particular performance benchmark, chart, statistics, economic calendar and news specific... Aims to outperform its benchmark index monitor the fund module should take 30... Or dividend payments is determined by the financial Conduct Authority and regulated by the Regulation... Know where else you can ask some of the fund types or down tied up for long periods time... 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