Goldman Sachs JBWere Asset
Management is pleased to offer the JBWere
Global Small Companies Fund to investors.
This Fund aims to achieve long-term capital growth by investing in small
companies globally.
Investing in
global small companies – creating value from opportunity
A global small company – or global small cap – portfolio
may appeal to international share investors seeking generally higher returns,
who have more tolerance to risk, and importantly who have a long-term
focus. The sector offers investors many
advantages, including:
§ Diversification benefits – investing in a pool of quality,
global companies enhances diversification and helps lower risk
§ The ability to grow at a faster rate – many global small
companies are exposed to high-growth industries and technologies
§ Larger investible universe – offers investors a wide array
of investment opportunities and hence potential for value-add
§ An undiscovered and under-researched universe – successfully
leveraging this sector presents many opportunities for managers to add value
§ Low correlation with large cap international funds – further helps lower
portfolio volatility and risk
§ Management stake tends to be high – investing in
companies with hands-on, high quality management teams can provide additional
return opportunities.
JBWere
Global Small Companies Fund (Retail)
|
Date established |
Minimum initial investment |
Minimum additional investment |
Savings plan? |
Switching available? |
Dist’n |
Entry fee |
Exit fee |
Switch fee |
MER (Est % pa) |
|
November
1999 |
$5,000 |
$200 |
Yes |
Yes |
2 |
0-4% |
Nil |
Nil |
2.40 |
Investment manager: Wellington Management
Company, established in 1928, and is one of the oldest and largest investment
management companies in the US.
Wellington manages approximately A$500 billion in total assets for
clients.
Assirt rating: 5-stars, investment
grade
Fund description: The Fund aims to
provide medium to long-term capital growth by investing in the shares of global
companies with a market capitilisation of below US$2 billion (excluding Australian
companies). There is a minimum of 80%
of the Fund invested in shares at all times.
Fund objective: The Fund aims to
outperform the S&P/Citigroup Broad
Market Index less than US$2b over rolling 3-year periods and excluding
Australian companies.
Wellington believes that global
small companies are reasonably priced and should continue to perform well,
supported by improving company profits.
How to invest: The Fund is
available for applications through the JBWere Funds product disclosure
statement (PDS).
Investment instructions: Before you invest in a
fund, you should read the PDS carefully to
make sure the investment is appropriate to your individual investment
objectives, financial situation and particular needs.
Entry free: The
standard entry fee is 4%. However, we
rebate 100% of the entry fee to you if you use the application form obtained
from the electronic PDS. If you choose
to have the PDS mailed, we rebate 90% of the entry fee to you. All rebates will be paid to you in the form
of additional units in the Fund.
This document has been prepared by Goldman Sachs
JBWere Managed Funds Limited ABN 63 005 885 567, trading as Goldman Sachs
JBWere Asset Management ("GSJBWAM"). It is not a product of the
Goldman Sachs JBWere Investment Research Department. The views and opinions
expressed here may differ from the views and opinions expressed by the Goldman
Sachs JBWere Investment Research Department or other departments or divisions
of Goldman Sachs JBWere.
This
document does not take into account
any particular person’s financial circumstances. Before investing in any JBWere
Fund, investors should read the Product Disclosure Statement (PDS)
which is available at www.gsjbwere.com/managedfunds
or for NZ investors
– the Investment Statement which is available at www.gsjbwere.co.nz/fundsmanagement
Applications for units can only be made on the application form in the PDS or
Investment Statement.
To the extent that this
document discusses general market activity, industry or sector trends, or other
broad based economic or political conditions, it should not be construed as
research or investment advice. To the extent it includes references to specific
securities, those references do not constitute a recommendation to buy, sell or
hold such security, and the information may not be current. Information about
performance in this document relates to past performance, which is not
indicative of future performance.
GSJBWAM is the issuer of
units in the JBWere range of managed funds and will receive management fees as
set out in the relevant offer document. An entry fee of up to 4% (subject to
any rebate arrangements) is payable in connection with all Funds except the
JBWere Wholesale Funds and the JBWere Nil Entry Fee Funds. For applications for
units lodged through Goldman Sachs JBWere Limited (GSJBW), GSJBWAM may pay
GSJBW brokerage and a trailing commission while the investment remains in
existence. Your adviser can provide details.
Units in the Funds are not
available for purchase by investors in the US or by any other US person.
GSJBWAM and its related
entities distributing this document and each of their respective directors,
officers and agents ("GSJBW Group") believe that the information
contained in this document is correct as at the time of compilation. However,
no warranty is made as to the accuracy or reliability of any information
contained in this document and to the maximum extent permitted by law. The
GSJBW Group disclaims all liability and responsibility for any direct or
indirect loss or damage that may be suffered by any recipient through relying
on anything contained in or omitted from this document.
GOLDMAN SACHS is a registered
trademark of Goldman, Sachs & Co. and is used under license from Goldman,
Sachs & Co.