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Australian Unity Intech High Opportunity Trust |
|
Rebate |
4.00%
as additional units |
| Minimum
Investment |
$1,000 |
About
the Fund
The Fund offers investors exposure to international sharemarkets
through investments in the Intech International Shares High
Opportunities Trust.
The Fund aims to deliver strong growth returns to investors over the
long term.
The Intech International Shares High Opportunities Trust operates
a multi-manager strategy, where a number of international share
managers, each with their own investment style and skills, are
combined to provide diversification across markets and different
investment styles. This diversity of investment styles is designed to
capture the strong performance potential of the underlying managers
while managing the Fund’s overall risk.
Who is
the investment manager?
Australian Unity Funds Management Limited manages the Fund and
Intech Fiduciaries Limited (Intech) is the investment manager of the
Intech International Shares High Opportunities Trust.
Intech was founded in 1989 and has more than 18 years experience in
the Australian market, advising on and managing funds for a range of
large corporate and institutional clients.
What
does the Fund invest in?
The Fund gains its international equities exposure by investing in
the Intech International Shares High Opportunities Trust, managed
by Intech. The Fund does not use currency hedging so it may be
impacted by changes in the value of the Australian dollar against
other currencies. The Fund’s international shares exposure typically
ranges from 90-100%. The balance of the Fund’s assets are invested in
cash and similar investments.
What
is the Fund’s investment process?
Intech seeks to appoint superior and complimentary active
investment managers to manage the assets of the trust. The
investment managers are expected to deliver out-performance over
the longer term. The managers though are expected to deliver this
out-performance at different stages of the market cycle.
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Australian Unity Intech High Opportunity Trust - Retail Units |
|
APIR Code |
AUS0006AU |
|
Inception date |
July
2005 |
|
Minimum Initial Investment |
$1,000 |
|
Minimum Additional Investment |
$500 |
|
Minimum Regular Saving Plan |
$100
per month |
|
Entry/Contribution Fee |
4.10% |
|
Minimum Withdrawal Amount |
$1,000 |
|
Exit/Withdrawal Fee |
Nil |
|
Management Costs |
2.20%
pa |
|
Buy/Sell Spread |
Buy:
0.25% Sell: 0.25% |
|
Income Distributions |
Half-yearly |
Manager Selection
Intech work closely with their global partner RogersCasey,
one of the largest asset researchers and consultants in the
United States, to identify quality international investment
managers for the Underlying Fund.
Intech together with RogersCasey, use a rigorous manager
research process that is asset sector specific and involves
comprehensive filtering and screening processes. This
process results in a suitable manager ‘buy list’ that is
incorporated into the Underlying Fund.
Intech’s investment specialists vigorously research
investment managers to identify exceptional talent. From
this group of talented managers, Intech undertakes further
qualitative and quantitative research to select those
managers most likely to outperform. These managers are then
combined to produce the best blend of differing investment
styles and expected outcomes of their investment
convictions. All of Intech’s selected investment managers
are expected to deliver investment returns in excess of
their performance benchmarks over the longer term.
Selecting only the best specialist managers is the key to
achieving good multi-manger performance results. Intech
believe that successful managers exhibit sustainable
competitive advantages.
The main factors considered in Intech’s assessment of
managers are:
|
■ |
People – the most important
aspect; |
|
■ |
Process – complementary with
the people, their investment philosophy and
funds under management; |
|
■ |
Business management – aligned
with the interests of clients. |
As at 31
October 2007, the underlying manager allocation within the
portfolio was:
|
Manager |
Style |
Allocation
(%) |
|
Altrinsic |
Non-US Value |
11.2 |
|
Axiom |
Global Growth |
10.0 |
|
Bernstein |
Global Value |
17.6 |
|
Marathon |
Global Value |
17.5 |
|
Pzena |
US Value |
11.2 |
|
Sands Capital |
US Growth |
12.5 |
|
Trilogy |
Global Growth |
8.2 |
|
William Blair |
Non-US Growth |
11.8 |
Intech may add or remove an investment
manager without providing you with prior notice.
The current portfolio of underlying investment managers in
the Intech International Shares High Opportunities Trust can
be found at
www.australianunityinvestments.com.au/hot
Derivatives
The investment managers may use derivatives in the
management of the funds, but will generally not use
derivatives for gearing purposes or speculative activities.
More information
The Fund’s
performance and unit prices are available to view at:
http://www.australianunityinvestments.com.au/hot
Important information
This investment product is issued by Australian Unity Funds Management Limited ABN 60 071 497 115, AFS Licence No 234454. This information is intended only to provide a broad
summary of this financial product. Investment decisions
should not be made upon the basis of its past performance or
distribution rate, since future returns will vary. You
should refer to the Product Disclosure Statement dated 7
December 2007 if you wish to know more about this product. The information provided here was current at the time of publication only. |
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