International FUND SELECTION UNIT-LINKED PRODUCTS DECEMBER PDF

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International FUND SELECTION UNIT-LINKED PRODUCTS DECEMBER 2015 INTERNATIONAL FUND SELECTION FROM GENERALI PANEUROPE A wealth of global investments As a client of Generali PanEurope you have the opportunity
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International FUND SELECTION UNIT-LINKED PRODUCTS DECEMBER 2015 INTERNATIONAL FUND SELECTION FROM GENERALI PANEUROPE A wealth of global investments As a client of Generali PanEurope you have the opportunity to access an extensive range of top quality funds, hand-picked to maximise your investment opportunities. Most offer exciting potential for tax-efficient growth from a stable international location and each is managed by worldclass professional asset managers. These funds range from the secure to those offering capital protection through to those aimed at the more adventurous client. In addition, each has been risk-rated to help you select the funds that most closely match your investment aims. These funds are available through our full range of unitlinked assurance schemes. Fund information for investors Where you invest in funds managed by Generali PanEurope, both income and capital gains are automatically re-invested within each fund. Similarly, any dividends paid by other fund managers are automatically re-invested by us to purchase additional units for your investment*. The bid price of units in each fund is used to determine investment values. Bid prices are calculated by the relevant fund manager by taking a market valuation of the investments in each fund (after allowing for all costs of managing, maintaining, acquiring and disposing of investments) and dividing by the number of units in each fund. All funds deal monthly, fortnightly, weekly or daily. Generali PanEurope allows gearing on its own funds, currently to a maximum of 15% of the investments held in the fund. The right to alter charges is reserved and three months notice will be provided of any variation. The initial charges (bid/offer spread) and annual management charges of the underlying external funds will be incurred in addition to Generali PanEurope s initial and annual charges. As a guide** the annual management charge is in the range 0% to 3% p.a. The maximum bid/offer spread or initial charge is 5.75% which, after applying discounts negotiated by Generali PanEurope, is substantially reduced to a maximum of 2% and a minimum of 0%. For detailed information on all fees and charges please consult the relevant principal Product Details Guide. Investment involves risks. Each investment fund is subject to market, interest rate and exchange rate fluctuations. The value of investments and their yields may go down as well as up. For further details, please refer to the individual fund prospectus published by the fund manager, which will be made available by Generali PanEurope. We reserve the right to exchange any of the units allocated to your plan for units in another fund and we will notify you in writing accordingly. If this happens, we will attempt to give you three months notice. Past performance is shown for indication only and is not necessarily a guide to future fund performance. * Please refer to the individual fund prospectus for details on investment restrictions and borrowing power. ** Generali PanEurope accepts responsibility for the accuracy of the information contained in this brochure, which is correct as at December Due to potential changes in market conditions, we cannot guarantee that funds corresponding to your investment choices will continue to be available for investment or redemption. PAGE 2 INTERNATIONAL FUND SELECTION GUIDE Risk ratings: U Equal to or Above 0.0% but less than 0.5% Equal to or Above 0.5% but less than 2% Equal to or Above 2% but less than 5% Equal to or Above 5% but less than 10% Equal to or Above 10% but less than 15% Equal to or Above 15% but less than 25% Equal to or Above 25% Unclassified Not rated Symbols and Abbreviations: # These funds are categorised as UCITS. DF Dealing Frequency. AMC Annual Management Charge. PF ES Annual Performance Fee (of profit on a high-on-high basis). Spanish Residents should only select from these funds. ~ Funds marked with this symbol correspond to Funds which are not available for offering to investors in the EEA and Switzerland. FUND HOUSE WEBSITE DIRECTORY Aberdeen First State M&G Alfred Berg Franklin Templeton MAN Allianz GAM Martin Currie Alquity Generali Worldwide Miton Baring Guinness Morgan Stanley BlackRock Henderson Permal BNP Paribas HSBC Pictet Canaccord Invesco Pimco Carmignac Investec Polar Carnegie JPMorgan Schroder Coral Jupiter Threadneedle DWS Kames Value Dominion Kleinwort Benson Fidelity Lloyds PAGE 3 INTERNATIONAL FUND SELECTION GUIDE SYNTHETIC RISK AND REWARD PROFILE Industry Standard To help you select the funds that best fit with your approach to risk, Generali PanEurope Limited use the Synthetic Risk and Reward Indicator (SRRI) ^. The indicator is calculated based on the volatility of the fund for the past five years and the values obtained are translated into one of the seven risk categories available based on pre-defined volatility intervals (see below). Risk Classes Low number = Low volatility. High number = High volatility Potentially lower reward Potentially higher reward Risk Annualised Volatility Intervals Scale Equal or Above Less than U * % 0.5% 2 0.5% 2% 3 2% 5% 4 5% 10% 5 10% 15% 6 15% 25% 7 25% - *Funds marked with the symbol U indicate that there is currently insufficient data available to calculate an SRRI. Not all funds on the Generali PanEurope Limited unit-linked fund range can be assigned a synthetic risk and reward indicator. This may occur where not all of the relevant calculation information is available. For example, if the fund is less than 5 years old, the annualised volatility over 5 years cannot be calculated. These funds appear under the category Unclassified. Each fund on the unit-linked fund range has been assigned a risk category where possible. For example, funds with very low volatility will have a 1 or 2 rating on the risk scale. These funds generally have a more cautious approach with little or no exposure to equity markets and usually invest in cash or money market securities. You should be aware that for funds considered lower risk, the potential for reward will be lower as these funds are expected to yield lower returns than funds with a high equity exposure. Please note that the fund s categorisation is not constant and may change over time. Funds with high volatility will have a 6 or 7 rating on the risk scale. These funds tend to have a high exposure to less developed, emerging equity markets or use high risk alternative assets within their investment strategy. Over the long term, exposure to equity markets could provide the opportunity for higher investment returns however it also brings a higher degree of investment risk. Although investment gains could be made when markets are buoyant, losses can quickly occur when markets take a downturn. You must therefore be prepared not only for the potential for higher returns but also the potential for higher losses when investing in these types of funds. PAGE 4 Risk Scale Lower risk Higher risk SRRI U Potentially lower reward Potentially higher reward You should note that investment involves risk. Past performance is not indicative of future performance. Investors and/or their investment advisers are responsible for their investment decisions and any choice of funds is entirely at their own risk. Please note that investment performance (as well as the income accruing to an investment) may go down as well as up. Important Notes ^The Synthetic Risk and Reward Indicator (SRRI) was defined in 2009 by the Committee of European Securities Regulators (CESR) with the aim of providing investors with a method of assessing an underlying fund s risk. This SRRI calculation has been provided by Morningstar based on guidelines provided by the European Securities and Markets Authority (ESMA) and Morningstar s interpretation, methodology and implementation of said guidelines. _ Annualised Volatility Intervals as defined in the grid above reflect the increasing level of risk borne by the fund and, therefore, its position in the risk scale. Volatility is a measure of variance of a financial instrument s price over a particular time period, which means the greater the movement in fund prices, the more volatile the fund s performance is. Funds with high volatility are generally associated with higher risk but potentially higher reward. Funds with low volatility are generally associated with lower risk but with lower potential reward Morningstar. All rights reserved. The data contained herein covering Synthetic Risk and Reward Indicators: (1) include the proprietary information of Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) do not constitute investment advice offered by Morningstar; (4) are provided solely for information purposes and therefore are not an offer to buy or sell a security; and (5) are not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers shall be responsible for any trading decisions, damages, or losses arising from any use of this information. Morningstar is a leading provider of independent investment research in North America, Europe, Australia, and Asia. Morningstar Inc. is an independent entity to Generali PanEurope Limited. PAGE 5 SRRI Rating 1 1 BOND SRRI RATING 1 CARNEGIE LIKVIDITETSFOND ES # Aim: The fund invests in interest-bearing securities and money market instruments denominated in SEK. July 1990 Sweden Swedish Krona Daily 0.30% 0% SE INVESTEC GSF STERLING MONEY FUND A INC GBP ES # Aim: The sub-fund aims to give holders of the relevant shares access to income at wholesale Eurocurrency market interest rates in sterling. The sub-fund is a short-term money market fund and while the sub-fund aims to preserve capital, this is not guaranteed. January 1985 Luxembourg GB pound Daily 0.50% 0% LU MONEY MARKET SRRI RATING 1 HSBC STERLING LIQUIDITY FUND C ACC ES # Aim: The fund seeks to provide investors with security of capital plus daily access to their funds. This is achieved by investing in a diversified portfolio of short-term securities, instruments and obligations which carry a minimum rating of A1/P1 from Standard & Poor s and Moody s respectively. The sub-fund aims to generate a higher yield which is comparable with money market deposit rates. March 2002 Ireland GB pound Daily 0.20% 0% IE HSBC US DOLLAR LIQUIDITY FUND C ACC ES # Aim: The US dollar sub-fund seeks to provide investors with security of capital plus daily access to their funds. This is achieved by investing in a diversified portfolio of short-term securities, instruments and obligations which carry a minimum rating of A1/P1 from Standard & Poor s and Moody s respectively. The sub-fund aims to generate a higher yield which is comparable with money market deposit rates. November 2000 Ireland US dollar Daily 0.20% 0% IE HSBC GLOBAL MONEY FUND HKD ACC ES # Aim: To achieve a rate of return higher than that available for personal deposits of the relevant currency. March 1991 Cayman Islands HK dollar Daily 0.25% 0% HK INVESTEC GSF EURO MONEY FUND A ACC ES # Aim: The Fund aims to give holders of the relevant Shares access to income at wholesale Eurocurrency market interest rates in Euro. This Fund is a short- term money market fund and while the Fund aims to preserve capital, this is not guaranteed. July 2008 Luxembourg Euro Daily 0.50% 0% LU INVESTEC GSF US DOLLAR MONEY A INC GRS USD NEW ES # Aim: The fund aims to give holders of the relevant Shares access to income at wholesale Eurocurrency market interest rates in U.S. Dollars. This fund is a short-term money market fund and while the Sub-Fund aims to preserve capital, this is not guaranteed. January 1985 Luxembourg US Dollar Daily 0.50% 0% LU PAGE 6 MONEY MARKET (continued) SRRI RATING 1 PICTET SHORT-TERM MONEY MARKET JPY - R NEW ES # Aim: The objective of the sub-fund is to offer investors a high degree of capital protection by investing primarily in top-quality, short-term bonds and money market instruments denominated in JPY. Investments not denominated in JPY will generally be hedged. July 2007 Luxembourg Japanese Yen Daily 0.12% 0% LU SRRI Rating 2 No SRRI Rating 2 funds available 2 PAGE 7 SRRI Rating 3 3 BOND SRRI RATING 3 ALFRED BERG RÄNTEALLOKERING PLUS ES # Aim: Invests in Swedish Fixed Income Securities with a focus on Government and Coverage Bonds from 2 to 10 years maturity. February 1992 Sweden Swedish Krona Daily 0.75% 20% SE FIDELITY FUNDS EURO BOND FUND A INC ES # Aim: The fund aims to achieve an income with the possibility of capital growth. The Euro Bond Fund invests primarily in bonds issued in those countries which are members of the European Monetary Union (EMU) and primarily denominated in Euro or in the national currency of an EMU country. October 1990 Luxembourg Euro Daily 0.75% 0% LU HSBC GIF US DOLLAR BOND DIS P ES # Aim: This fund invests in bonds denominated in US dollars, issued by governments, agencies or corporations. Investments can be in bonds issued in the US or in international markets. February 1987 Luxembourg US dollar Daily 0.50% 0% LU INVESTEC GSF INVESTMENT GRADE CORPORATE BOND A INC - EUR ES # Aim: The fund aims to generate a high level of income, with the opportunity of capital gain, from a diversified portfolio of fixed and floating rate securities, normally denominated in US dollars and issued by governments, institutions and corporations in both developing and developed countries. March 2009 Luxembourg Euro Daily 0.75% 0% LU KAMES STRATEGIC GLOBAL BOND FUND A ACC GBP ES # Aim: To maximise total return (income plus capital). The fund will seek to achieve its investment objective by investing at least two-thirds of its gross assets in global debt instruments in any currency, ranging from AAA Government Bonds through to high yield and emerging market bonds. November 2007 Ireland GB pound Daily 1.30%* 0% IE00B296YY45 *(Inclusive of 0.5% distribution fee) SCHRODER INTERNATIONAL SELECTION FUND EMERGING MARKETS DEBT ABSOLUTE RETURN USD A ACC ES # Aim: To provide an absolute return of capital growth and income primarily through investment in a portfolio of bonds and other fixed and floating rate securities issued by governments, government agencies, supra-national and corporate issuers in emerging markets. August 1997 Luxembourg US dollar Daily 1.50% 0% LU OTHER SRRI RATING 3 GENERALI WORLDWIDE FUND OF FUNDS RESERVE PORTFOLIO EUR Aim: To produce long-term capital growth from a diversified portfolio of different asset classes. October 2011 Guernsey Euro Weekly 0% 0% N/A PAGE 8 OTHER (continued) SRRI RATING 3 GENERALI WORLDWIDE FUND OF FUNDS RESERVE PORTFOLIO GBP Aim: To produce long-term capital growth from a diversified portfolio of different asset classes. October 2011 Guernsey GB pound Weekly 0% 0% N/A GENERALI WORLDWIDE FUND OF FUNDS RESERVE PORTFOLIO USD Aim: To produce long-term capital growth from a diversified portfolio of different asset classes. May 2004 Guernsey US dollar Weekly 0% 0% N/A MONEY MARKET SRRI RATING 3 PIMCO GIS GI INV GRADE CREDIT FUND ADMINISTRATIVE CLASS USD ACC NEW ES # Aim: The fund aims to prudently generate a total return through a combination of both income and capital growth. January 2009 Ireland US dollar Daily 0.99% ** 0% IE00B3KYRN47 **(includes trail fee of 0.5%) PAGE 9 SRRI Rating 4 4 BOND SRRI RATING 4 FIDELITY STERLING BOND GBP ES # Aim: Invests principally in Sterling denominated debt securities. September 2006 Luxembourg GB pound Daily 0.75% 0% LU HSBC GEM DEBT TOTAL RETURN USD ES # Aim: The sub-fund seeks to generate enhanced total return from capital growth and income by investing primarily in a concentrated portfolio of Investment Grade and Non- Investment Grade rated fixed income and other similar securities, denominated in local currency or in the currencies of OECD countries. June 2007 Luxembourg US dollar Daily 1.00% 20% LU INVESCO BOND FUND C INC ES # Aim: The Fund aims to provide long-term capital growth, together with income. The Fund seeks to achieve its objective by investing primarily in a diversified portfolio of debt securities issued worldwide by governments, supranational bodies, local authorities, national public bodies and corporate issuers. Debt securities may also include Mortgage Backed Securities (MBS) and Asset Backed Securities (ABS). The Fund may also invest in cash, cash equivalents, money market instruments and debt securities not meeting the above requirements. The Fund s use of financial derivative instruments may include but is not limited to derivative on credit, interest rates and currencies and can be used to achieve both long and short positions. While it is not the intention of the Fund to invest in equity securities, it is possible that such securities may be held as a result of a corporate action or other conversion. September 1992 Ireland US dollar Daily 0.50% 0% IE INVESCO STERLING BOND FUND C GBP ES # Aim: To achieve, in the medium to long term, a good overall investment return in pounds sterling with relative security of capital in comparison to equities. August 2001 Ireland GB pound Daily 0.50% 0% IE JPMORGAN US BOND A USD (ACC) FUND ES # Aim: To achieve a return in excess of US bond markets by investing primarily in US debt securities, using financial derivative instruments where appropriate. May 1997 Luxembourg US dollar Daily 0.90% 0% LU KAMES STRATEGIC GLOBAL BOND FUND A ACC EUR ES # Aim: To maximise total return (income plus capital). The fund will seek to achieve its investment objective by investing at least two-thirds of its gross assets in global debt instruments in any currency, ranging from AAA Government Bonds through to high yield and emerging market bonds. November 2007 Ireland Euro Daily 1.30%* 0% IE00B296YK09 KAMES STRATEGIC GLOBAL BOND FUND A ACC USD ES # Aim: To maximise total return (income plus capital). The fund will seek to achieve its investment objective by investing at least two-thirds of its gross assets in global debt instruments in any currency, ranging from AAA Government Bonds through to high yield and emerging market bonds. November 2007 Ireland US dollar Daily 1.30%* 0% IE00B296YR77 *(Inclusive of 0.5% distribution fee) PAGE 10 BOND (continued) SRRI RATING 4 TEMPLETON GLOBAL BOND FUND A (ACC) USD ES # Aim: The fund s principal investment objective is to maximize, consistent with prudent investment management, total investment return consisting of a combination of interest income, capital appreciation and currency gains. February 1991 Luxembourg US dollar Daily 1.05%^^ 0% LU ^^(AMC% is inclusive of a maintenance charge, for more information, please refer to the underlying fund prospectus, available from your financial advisor.) EQUITY GLOBAL SRRI RATING 4 CARMIGNAC PATRIMOINE A EUR ACC ES # Aim: To outperform the following composite reference indicator over a recommended investment horizon of 3 years: 50% MSCI AC World NR (USD) index and 50% Citigroup WGBI All Maturities EUR index, the world bond index. Carmignac Patrimoine is a diversified fund; a maximum of 50% of the fund is invested in international equities, between 50%-100% is invested in fixed rate and or variable rate government or corporate bonds. Currencies also used. November 1989 France Euro Daily 1.50% 10% FR CARMIGNAC PORTFOLIO PATRIMOINE F USD ACC HEDGED ES # Aim: The fund is managed on a discretionary basis with an active asset allocation policy. Its objective is to outperform its reference indicator,which comprises 50% Euro Stoxx 50 NR (EUR) index + 50% EONIA Capitalization Index 7 D over a recommended investment period of at least 3 years. The reference indicator is rebalanced every quarter. November 2013 Luxembourg US dollar Daily 0.85% 10% LU CARMIGNAC PORTFOLIO PATRIMOINE F GBP ACC HEDGED ES # Aim: The fund is managed on a discretionary basis with an active asset allocation policy. Its objective is to outperform its reference indicator,which comprises 50% Euro Stoxx 50 NR (EUR) index + 50% EONIA Capitali
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