|
| |
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 1 April 2007, the Fund’s buy margin will be increased from 0.15% to 0.20%. The buy margin will be applied to all new investments into the Fund. In addition, the Fund’s sell margin will be increased from 0.15% to 0.20%. The sell margin will be applied to all redemptions from the Fund.
What is a buy/sell margin?
When funds are invested, units are bought and when funds are withdrawn, units are sold. The difference between the ‘buy price’ and the ‘sell price’ of units is known as the buy/sell margin.
Buy/Sell margins are based on an estimate of the costs of buying or selling underlying assets. For example, there are brokerage costs when buying or selling shares and buying or selling property involves legal fees, agent fees and stamp duty.
Buy/Sell margins are intended to ensure that these costs are met by those investors who are buying and selling units, rather than by all investors. As an example, if an investor makes a $1,000 application for units in the Fund after 1 April 2007, then the impact of the revised buy/sell margin would be to reduce the value of the application by $2.00, (ie 0.20% of $1000). The impact of the revised buy/sell margin on a withdrawal of $1,000 would be to reduce the value of the withdrawal by $2.00, (ie 0.20% of $1,000).
These margins may change over time and are not retained by AXA, or external managers.
 | Unit Price | 26/08/08 | Entry Price | 1.0025 | Exit Price | 0.9985 |  |
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. | |
|
