moderate-conservative

Source: Financial Express 31 October 2018

* Returns are annualised if period is longer than 12 months. Annualised returns is the weighted average compound growth rate over the performance period measured.Fund returns shown are based on NAV-NAV unit pricings calculated from INET for a lump-sum investment with income distribution reinvested (after fees and cost).

For updated figures, please review the factsheet. http://zamiplanwordpress.azurewebsites.net/choosing-a-fund/#miplan-global-macro-fund

The Mi-Plan IP Global Macro Fund is available on the ABSA Investment Management Services, Allan Gray, Glacier, Investec, Momentum and, Stanlib platforms.  Furthermore, to invest directly, follow the link: http://zamiplanwordpress.azurewebsites.net/choosing-a-fund/#miplan-global-macro-fund

The Mi-Plan IP Global Macro Fund has a minimum investment requirement of a R10 000 lump sum or a minimum monthly payment of R500.

The Mi-Plan IP Global Macro Fund is a Multi Asset flexible fund, investing primarily in foreign markets and can invest in equity, fixed interest and cash. The objective of this portfolio is to achieve capital appreciation over the medium to long term. There will be no limitations on the relative exposure of the portfolio to any asset class.

The factsheet can be obtained from the Mi-Plan website at: http://zamiplanwordpress.azurewebsites.net/choosing-a-fund/#miplan-global-macro-fund .

The annual management fee of the fund is 1%. For more details regarding the fees of this fund, please view the factsheet: https://www.miplan.co.za/choosing-a-fund/#miplan-global-macro-fund.

The fund allows investors to get exposure to foreign markets while investing in Rands.  However, the South African Reserve Bank limits collective investment scheme providers to invest no more than 40% of their retail assets under management in offshore markets. This may result in the fund closing for new investments in the future.

You can call us on 021 657 5960 or email info@miplan.co.za.

Yes, you can invest in Rands even though the investments in the fund are made on offshore markets.

MiPlan exists to create and preserve wealth through the application of critical thinking. Established in 2006, we assist our clients to manage their money to achieve their desired outcomes through understanding their future income objectives and then creating and managing the wealth required to meet those plans.

For more information about MiPlan visit: www.mi-plan.co.za

Tony Bell – Having started out as an accountant, Tony moved to Southern Life Asset Management and soon became assistant General Manager of Investments. His move to Syfrets Managed Assets created the opportunity for Tony to become Chief Investment Officer at Nedcor Investment Bank. As CIO of PeregrineQuant and more recently Vunani Fund Managers Tony brings a wealth of experience especially in running the overall asset allocation of the fund. His MBA thesis “Portfolio Management – an Alternative Approach” which was awarded with distinction reflects Tony’s interest in understanding how the macro environment affects markets and asset class returns.

There are several factors that need to be considered before investing in a stock, but the primary reason why the stocks are selected is based on earnings growth vectors. The fund manager will pick a stock if its future change in earnings growth is an attractive investment. Asset allocation and stock selection vary according to the manager’s macroeconomic view and the attractiveness of each asset class.

No. The benefit of a flexible fund is that the fund manager does not have to invest 100% of the fund in equity if the manager feels other asset classes are more suitable.