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Wholesale Global Equity Core Fund
Overview
| The Wholesale Global Equity – Core Fund (‘the Fund’) invests predominantly in international shares, chosen for their potential to provide superior future earnings at a cheaper price than the market average. |
This Fund aims to
Provide you with long-term capital growth and to outperform the Morgan Stanley Capital International World ex Australia Index (Net Dividends Reinvested), in Australian dollar terms (‘MSCI World ex Aust Index’), after costs and over rolling five-year periods.
What the Fund invests in?
The Fund typically holds a diversified portfolio of global stocks in listed companies that are considered to be undervalued relative to their peers and is expected to deliver superior future earnings (a combination of long-term cumulative earnings and near term earnings growth). The Fund generally holds between 400 to 500 global stocks compared to about 1,600 in the index.
Who should invest in the Fund?
The Fund suits investors prepared to accept a high level of volatility and risk as a tradeoff for returns that might typically be expected to be above those returned by other asset classes over the longer term.
Product information update
Effective 15 January 2009, the Expenses component of the Management costs for AXA’s Wholesale Global Equity – Core Fund, as outlined in the Product Disclosure Statement (PDS) dated 1 September 2008, were reduced from an estimate of 0.23 per cent per annum and capped at 0.05 per cent per annum. The reduction will be funded by AXA* until 1 January 2011 and not passed on to investors. As a result, the Management costs for the Wholesale Global Equity – Core Fund will be capped at a maximum of 1.00 per cent per annum until 1 January 2011. After this date, the cap will be reviewed and may be extended. If the cap is not extended, expenses will revert to an estimate based on historical data.
*National Mutual Funds Management Ltd AFSL 234652 (referred to as ‘AXA’ or ‘we’) is the Responsible Entity of the Wholesale Global Equity – Core Fund ARSN 091 554 291.
 | Unit Price | 08/09/10 | Entry Price | 0.7218 | Exit Price | 0.7189 |  |
This product summary is only provided for information purposes. It does not contain investment recommendation nor provides investment advice. Professional investment advice can help you determine your tolerance to risk as well as your need to attain a particular return on your investment. We strongly encourage you to obtain detailed professional advice and to read the relevant offer document in full before making an investment decision. Units in the fund will only be issued upon receipt of an application form accompanying a current disclosure document.
The information is provided for persons in Australia only and is not provided for the use of any person who is in any other country. | |
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