Find out more from the fund’s prospectus or trust deed. Assess all the fees and charges that you will incur in buying and holding a fund before deciding whether to invest in it. Next price change 30 September 2020. Some funds pay dividends. A bond unit investment trust (UIT) purchases only bonds including municipal bonds, state bonds and Federal bonds. 0.55% Gross/AER. Aside from shares and bonds, funds can invest in assets or a combination of assets such as: Fund managers may set up funds that invest: The risks associated with a fund strategy are determined by a combination of the underlying assets selected, and the geographical regions, industrial sectors or themes. Unit Trusts are typically classified by geography, sector and type of assets held. A passively managed fund usually invest in the component stocks of a benchmark index and does not require the fund manager to spend much time selecting the stocks. Compare the fees and charges that will be incurred by (i) different funds with the same investment objectives or approach, and (ii) the same fund through different channels. Please click here for the Schedules of similarities and differences between South African regulations and the regulations governing the foreign unit trusts which Allan Gray represents in South Africa. For example, if John has 60 units and Sarah has 40 units then John would receive 60% of the unit trust income and Sarah would receive 40%. This means you don’t pay tax on the growth of your investment, which makes it a far more effective way to reach your goals. An actively managed fund is generally expected, over a reasonable time horizon, to outperform its benchmark index. In this guide, the term “fund” will also refer to a unit trust. At United Trust Bank we have taken steps to ensure that we can continue to operate our business whilst also keeping our staff and colleagues safe and playing our part in reducing the transmission of the virus in the wider community. See also: Understanding investment-linked insurance policies. The Unity team is actively involved in volunteering and fundraising events  organised throughout the year. May provide access to assets or markets that may be difficult or expensive for you to invest in directly. A unit trust is a fund which adopts a trust structure; not all funds use a trust structure. Our people support charities and communities through our ‘Unity in the Community’ (UitC) programme. We’ll close your existing account for you. The investment objective may be capital appreciation or to generate income. Find out more about the features of funds below: Managed by a professional fund manager who decides what assets to buy or sell based on the investment objective of the fund. Fixed deposits vs unit trusts. The movement in unit trust rates is, however, minimal, with most unit changing by less than one percentage point. You invest in a fund by buying units in the fund. To pay in cash or cheques you visit your local NatWest (England and Wales), RBS (Scotland) and Ulster Bank (Northern Ireland) branch with a paying in slip without having to set up a facility. Investing in funds may not be for everyone. The secondary market may also be illiquid for funds that are listed and traded on a securities exchange. Funds may be exposed to the risk that the counterparty that they trade with is unable to meet its payment obligations due to a deterioration of the counterparty’s financial situation or otherwise. Invests in a diversified range of assets to spread its risks. Market risk. Some benefits include: You select the accounts you want us to move to us. Find out about alternative investment products and compare their risk-return profile and features with the product introduced to you. Find out about the type and amount of fees applicable. Funds differ in terms of investment objectives, strategies, risks and costs. Choose a unit trust that suits your needs. Do you know where else you can park your money and get a higher return? Whether a unit trust investor receives interest or dividend payments is determined by the mix of underlying assets held within the fund. However, no fund is without some element of risk, so it is important that you understand costs related to the trust you choose. Unit Price. It describes the investment objectives of the fund, and the obligations and responsibilities of the fund manager and trustee. However, unlike a traditional open-ended mutual fund, it's not possible to immediately reinvest these cash flows back into the trust itself due to the way it is structured (recall that the UIT is a fixed portfolio of preselected securities). The difference between these and unit trusts is that ILPs combine life insurance coverage and investment components. Hence, you can only redeem your units on the fund’s dealing days. Whether you are a seasoned investor, or a beginner, unit trusts may be the way to go. Share of fees and commissions due to the financial adviser, You are making additional investments in a fund that you already own, You purchased a recognised fund or a fund that is listed on the. Funds are not principal or capital-guaranteed. Total returns take into account both the income received and price changes. When the unit investment trust collects dividends and/or interest from the underlying securities, it then pays the cash out to the owner. * The term ‘unit trusts’ is used to refer to all similar offshore pooled investments, including those that may be structured differently, such as ‘mutual funds’. The variety of funds can be overwhelming. Sometimes, the ILP sub-fund that you are interested in may also be offered as a unit trust (i.e. FD accounts are a useful way of investing a lump sum for the short term, but are not good long-term investments because the interest rates are relatively low. Singapore-constituted funds are known as “authorised funds” while foreign funds are known as “recognised funds”. Interest rate risk. You should ensure that the fund manager’s investment style is in line with your own investment objectives. Note: Some investment products are categorised as Specified Investment Products (SIPs). The NAV is usually computed daily to reflect changes in the prices of the investments held by the fund. Regularly monitor the fund's performance and the economic and political risks of the markets you are invested in. Can I lower my costs by buying a fund through a different financial institution or online fund platforms? Unit investment trusts are groups of pulled investors who select specific securities to hold for the lifetime of the trust. Public Mutual Berhad, a wholly-owned subsidiary of Public Bank, is a top private unit trust management company and leading PRS provider in Malaysia. Email us via info@unittrustfiji.com. Sales Price: Income & Growth – $2.36 per unit Income Fund- $1.00 per unit. You can invest in funds using cash, or via the Supplementary Retirement Scheme (SRS) or the Central Provident Fund Investment Scheme (CPFIS). For example, funds investing in Singapore stocks often benchmark against the Straits Times Index. The price of each unit is based on the fund’s net asset value (NAV) divided by the number of units outstanding. Local funds are generally structured as unit trusts and constituted by a trust deed. Our free account switcher service makes the process as easy as possible: We are a bank established to serve the needs of our customers and enrich society as a whole. The interest rate is fixed for the term of the bond. Some of the risks associated with investing in unit trusts include the following: The fund’s NAV or trading prices will be affected by changes in the value of the assets in the fund that in turn are affected by changing economic, political or market conditions. After investing, regularly monitor the fund’s performance to see if it meets your expectations. No. The fund’s Net Asset Value (NAV) declines due to financial markets underperforming resulted from economic factors, political factors, changing market conditions, etc. Please click on the link below to see details of our current charges. Be prepared for price fluctuations. You can use an encashment facility at your local NatWest (England and Wales), RBS (Scotland) and Ulster Bank (Northern Ireland) branch to withdraw cash. Do read the fund manager's regular fund reports to keep abreast of how your fund is doing. Minimum opening balance of N$5 000. Please click on the links below to see a full list of our interest rates. We contact your existing bank for a list of your Direct Debit and Standing Order payments for the account you’re switching from. Are any of the fees avoidable or negotiable? What investment objectives are you trying to achieve by adding this fund to your investment portfolio? Unit trusts are unincorporated mutual funds that pass profits directly to investors rather than reinvesting in the fund. We offer a simple range of unit trusts, suitable for different needs. Why Unit Trusts work for you? Are you comfortable with the fund manager? But if interest rates fall – and that’s the reason for my answer above – your investment will increase in value because the interest rate paid for new effects are lower than the rate at which you purchased your unit. In Singapore, local and foreign funds offered to retail investors are regulated as collective investment schemes. ** Gross Rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. Interest paid on Maturity. If you invest indiscriminately, you could end up with an assortment of funds that do not match your financial needs. Interest Gross Rate**: 0.00%; Interest AER***: 0.00% * Net Rate is the amount of interest you will receive if your organisation pays tax at source. Offers a fuss-free investment that allows you to better focus on your career and family ; Allows better risk management; Gives you access to funds when you need it most   Planning for financial security. You can ask some of the following questions: What are all the fees relating to this purchase? You will need to be certified to invest in them. Good causes are nominated by our people to receive donations. Funds that invest in bonds, debentures or other debt securities will be exposed to interest rate movements because the prices of debt securities tend to move in an opposite direction to interest rates. Latest Interest Rates; Promotions; Newsletter; Top Performing Unit Trust Funds in Malaysia April 2020! There is a capital gain when the price of the units rises above the price you paid for the fund. To find out more about how we make a difference, view our Impact Report – Half Year 2020 or Impact Report – 2019. (P1).Some of the Unit Trusts distribute the realised income by way of dividends periodically. Do check with your financial institution whether the product you are considering is an SIP. You should be satisfied that the fund manager has the necessary resources, experience and skills to manage your investment. The risks of investing in the fund are described in the product offering documents such as the prospectus and the product highlights sheet. You may lose a substantial amount of the money you invested in certain situations. Unit trusts versus ILPs Investment-linked insurance policies (ILPs) are another way to invest in funds. Are prepared to have your money tied up for long periods of time. Registered in England and Wales no. Unit Trusts provide a low-cost, easy-to-understand way of taking part in the stock market. Unit trust funds are generally exposed to the risks below depending on the fund types. Provided as a free service by Sharenet. As there is no limit to what you can invest unit trusts are a good option if you have already used up your annual With a unit trust, a fund manager buys bonds or shares in companies on the stock market on behalf of the fund. The Sharpe ratio measures a fund’s historical risk-adjusted performance. In most cases, the trustee’s powers are limited by the trust deed so that the trustee does not have any discretion as to how the income is … Is there a fee schedule that lists all of the fees, both one-time and ongoing, that will be charged? Fees can also reduce your returns. This will also decide how much income tax may be potentially liable. Interest Rate in Zambia averaged 10.10 percent from 2012 until 2021, reaching an all time high of 15.50 percent in November of 2015 and a record low of 8 percent in August of 2020. Returns are annualised so you can examine performance from year to year, or over a number of years, and compare performance of one fund with another. Need assistance? The funds are managed by experts and generally offer sound returns. Foreign currency or foreign exchange risk. Name: NAV: Yield 27 FOUR ASSET SELECT PRESCIENT FOF A : 176.29 - 27 FOUR BALANCED PRESCIENT FUND OF FUNDS : 2165.53 - 27 FOUR EQUITY PRESCIENT … Repurchase Price: Income & Growth – $2.26 per unit Income Fund- $1.00 per unit. based on the fund’s net asset value (NAV) divided by the number of units outstanding Fees are usually payable regardless of how well or poorly the fund performs. Check their track record. This module should take around 30 minutes to complete. Funds’ performance can also be measured against a benchmark index. Minimum opening balance of N$5 000. A fund’s diversified portfolio means risks can be better spread over the assets in the fund. For instance, debt securities prices generally fall when interest rates rise. Unit trust fund lah! We offer a comprehensive range of products comprising conventional and Shariah-based unit trust and PRS funds, as well as financial planning services. Unit Trusts Unit trusts provide an excellent and extremely popular means of investing your money. You can therefore sell it at a higher capital value than which you bought it if interest rates fall. Before terminating a fund, the fund manager should tell you how to redeem your investment or make arrangements for you to transfer your investment to another fund. The NAV of a fund is the market value of the fund’s net assets (investments, cash and other assets minus expenses, payables and other liabilities.) In this guide, the term “fund” will also refer to a unit trust. 1. When you choose a unit trust, there is a trade-off between higher potential return on the one hand, and stability and lower risk on the other. Updated 21 Apr 2020 – By Irwin Umban. Latest Updates. However, if you do not need financial advice, you may consider buying the fund through other channels that may cost less, such as platforms offered by banks or online fund platforms.What are the fees and charges you will incur? The fund manager decides the fund’s investment strategy (to achieve the investment objective) and what assets to buy or sell. They form part of many client investment portfolios and advisers need a thorough understanding of how they are taxed, both on distributions and on disposals. “Interest rate increases, market volatility and the uncertainty around what the Fed will do can make an investor uneasy,” Naicker says. So, when comparing two funds that are benchmarked against an index, the fund with the higher Sharpe ratio gives more returns for the same level of risk. A fund house's fund name would reflect these. You should also check if returns are provided net of fees and charges. There will not be any administrative penalty for cancelling your purchase but you may suffer a loss if the fund has fallen in market value after you bought it. 1713124. capital preservation, income generation or capital appreciation). We recommend you speak to a broker to ensure you get a fair deal. You may face risks unique to that particular fund. You are getting comfortable in life and desire a sustainable investment growth while you enjoy your golden years. Make sure you understand the risks and are comfortable that it matches your own risk profile. Fluctuations or movements in exchange rates may cause the value of underlying investments to go up or down. Conversely, if the return is lower than the benchmark index, the fund has underperformed. Call us on 0345 140 1000 or speak to your relationship manager to discuss how we can help.. As funds are exposed to market ups and downs, investors who stay invested long enough may be better able to ride out the downturns. A fund manager manages the unit trust or fund. Ensure that the fund you are investing in fits in with your portfolio’s over risk-return profile and does not concentrate your exposure to certain risks. If you need financial advice to help you decide whether to buy a fund and which fund to buy, please speak to a financial adviser representative. Interest Income Unlike capital gains, interest income is taxed at the highest tax rate as ordinary income. May diversify some risks, but cannot eliminate all risks. With a unit investment trust, each investor's unit purchase is recognized as his own cost basis to calculate any accumulated capital gains over time. A CIS portfolio may borrow up to 10% of the market value of the portfolio to bridge insufficient liquidity. January 24th, 2020. The trustee is independent of the fund manager and acts as the custodian of the fund’s assets. Click here for our Investment facilities. Fees charged by professional fund managers will reduce your returns. OEICs (Open Ended Investment Companies) and unit trusts are commonly used collective investments and share the same tax treatment. Funds that invest in assets denominated in foreign currencies may be exposed to adverse currency movements. Be clear about your investment objectives before deciding which funds are suitable for you. Find out what you will be charged, when and why. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. By switching your bank account to Unity you’ll be helping to create a better society. They are paid a management fee from the fund, typically based on a percentage of the assets they manage. 2. Who can invest in UITFs? When choosing a fund, consider the following: In general, funds may be divided into three main categories: shares, bonds, and balanced funds that combine shares and bonds. Assess whether the fund manager has the resources, experience and skills to manage the fund. Unit Investment Trust Funds (UITFs) are ready-made investments that allow the pooling of funds from different investors with similar investment objectives. Registered Office: Unity Trust Bank, Four Brindleyplace, Birmingham, B1 2JB. What kind of service is expected for the remuneration. You have no control over the investment decisions of the fund manager. It is important to choose a fund that meets your own investment objective and risk profile. The investors agree to the purchases when they purchase placement in the trust, and those securities are locked in from day one. Please click on the links below to see a full list of our interest rates. Singapore, Asia, or Asian emerging markets, In specific sectors, e.g. Ensure that the fund’s investment strategies are in line with your own objectives. For example let’s assume you have invested in a Unit Trust a sum of Rs 100,000/- at a unit selling price of Rs.10/- per unit on 1st January 2008. Are familiar with the fund manager and fund’s track record. Understand how returns are calculated or the factors that can affect returns. However, if the settlor has set up 5 or more trusts, the standard rate band for each trust is £200. Before you invest, make sure that you: There are different types of funds available, each with its own investment objective and investment approach or strategy. This may affect the prices at which you buy or sell. infrastructure, technology and healthcare, According to specific themes such as climate change or ethical investing. This may occur if the fund manager ceases operations or when the fund size has become so small that the manager decides it is not economically viable to continue managing it. A fund is terminated when the fund manager decides to wind up the fund. We work with organisations that aim to have a positive impact on society through economic, community or social change. Bonds are liquid and can be traded. Actively managed funds may attract more fees and charges as the fund manager makes more active investment decisions. The trustee ensures that the fund is managed according to the trust deed to minimise the risk of mismanagement by the fund manager. These funds are managed by professional fund managers with the aim of meeting such objectives through investments in various financial instruments such as money market securities, bonds and/or equities. Unity Trust Bank is entered in the Financial Services Register under number 204570. The fund is split into units, and this is what you’ll buy. The table below shows the potential risk and return profile of different types of funds: Funds may also be classified as either passively managed or actively managed: Funds are available from financial institutions and online financial platforms. Make a list of your needs and goals, personal circumstances and risk profile. Funds with the same investment objective may use different investment strategies to achieve the same goal. If the market value of the fund has risen, you will get a full refund of what you paid for the fund, but you will not be entitled to the gain. See also: Unit trusts: Understanding pricing and fees. If there is not one of these branches easily accessible to you we can in exceptional circumstances set up an encashment facility at a high street bank of your choice. For example, if a fund name reads "Yellow Pebble Asia Energy Equity Fund", this means that the fund is managed by a fund house called "Yellow Pebble" which invests in equity stocks of companies in the energy sector that are listed in Asia. Does the fund match your objectives and risk profile? The investor is the trust's beneficiary. A tax-free unit trust works largely the same as a standard unit trust, except that you don’t pay any tax on your interest or dividends earned, and capital gains are tax free too. Guide to shares: What you need to know before you invest, ​Buying bonds and perps in sizes of $200,000 or more, Guide to ETFs: Understanding exchange traded funds, Understanding real estate investment trusts (REITS), Unit trusts: Making sense of fund documents and reports, Understanding daily leverage certificates​, Crowdfunding: What you need to know before investing, Traded life policies and traded endowment policies, Get-rich-quick schemes: Forex trading seminars and unregulated online trading platforms for forex and binary options, Risks of cryptocurrencies, initial coin offerings and other digital tokens, Understanding investment-linked insurance policies, Unit trusts: Understanding pricing and fees, Central Provident Fund Investment Scheme (CPFIS), Unit trusts: Understanding pricing and fees. South African Unit Trust Prices: 2021/01/19 : Published weekdays between 20h00 and 23h00, some funds that do not supply directly to us or who supply data after 7:30pm may be delayed by one day. Unit trusts let you pool your money with thousands of other investors and spread it across a large number of investments to reduce your risk. Some funds use financial derivatives for hedging or investment purposes. You should have adequate financial resources so that you won’t have to liquidate your funds during a market downturn. Sanlam Namibia Money Market Fund : Download PDF : Sanlam Namibia Floating Rate Fund : Download PDF : Sanlam Namibia Active Fund : Download PDF : Multi Asset Class Fund . The trust deed is a legal document that sets out the terms and conditions governing the relationship between investors, the fund manager and the trustee. However, note that past performance is not necessarily an indication of future performance. Funds invest in a diversified range of assets. Unity Trust Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. All organisations have different banking needs and we offer a range of accounts to suit you. Information on total returns is available from the fund manager or from the IMAS/LIA FundSingapore.com website. The benchmark interest rate in Zambia was last recorded at 8 percent. Call us on 0345 140 1000 or speak to your relationship manager to discuss how we can help. Your premiums are used to pay for units in sub-funds of your choice, and some of the units are then sold to pay for insurance and other charges. In either case, the sales charge will be refunded to you. The list of funds authorised or recognised by MAS for sale to retail investors is available on the website via OPERA, the electronic repository for public offers of investments. The tax rates are below. The fund manager should notify you of the termination no later than one month before the fund is to be terminated. The fund manager creates units for new investors and cancels units for those selling out of the fund. If your main goal is investment, you may wish to consider unit trusts. Trust income up to £1,000. You should be aware of the risks associated with the use of financial derivatives, including the risk that the provider (or counterparty) of the financial derivatives defaults. Any interest or dividends received during the administration period are taxable upon the executors at basic rate (20% on interest & 7.5% on dividends) with no … Generally, the higher the Sharpe ratio, the higher the excess return the manager was able to generate per unit of risk taken. Find the best Unit Trust Investment in Malaysia . Employment Opportunities. Our Funds Fixed interest funds. The difference between these and unit trusts is that ILPs combine life insurance coverage and investment components. A fund is said to have outperformed its benchmark index if the return is higher than benchmark. When recommending a fund, your financial adviser is required to disclose to you the key features of the product including the following: You can change your mind about your fund purchase within 7 calendar days. Understand how unit trusts and funds work and things to look out for before you invest. Many funds to choose from to cater to your risk tolerance and investment objectives (e.g. If you invest in a unit trust or fund, your money is pooled with money from other investors and invested in a portfolio of assets according to the fund’s stated investment objective and investment approach. without insurance coverage). The fund’s currency base may also be different from your own. In a specific country or geographical region, e.g. Want potentially higher returns BUT are also prepared for variable returns which include the risk of losing a substantial part of your investment. Understand the risks associated with the fund. If you need to convert your investments to cash in the short-term to meet specific needs, some funds may not be suitable for you. For passive or index funds, you can compare the fund’s performance against its benchmark index to see how closely the fund replicates the index’s returns. Unit Trusts are professionally managed funds that allow you to invest in financial markets, together with other investors, through a management company. You’ll also benefit from 24/7 access to your account using our Internet Banking service. Use the guide below to find the best unit trust investments, based on … Even if your fund’s value has been fairly stable, the fees you pay will, over time, reduce the value of your investment. This page provides - Zambia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. A unit trust is a fund which adopts a trust structure; not all funds use a trust structure. A low-cost, easy-to-understand way of taking part in the stock market strategies. Into units, and this is what you ’ re switching unit trust interest rate for funds that are listed and on... The Prudential Regulation Authority are also prepared for variable returns which include the risk of losing a amount! Your relationship manager to discuss how we can help: choose a unit investor... Factors that can affect returns is what you will be charged fund by units! By law and fund ’ s assets page provides - Zambia interest rate would be interest. Provide an excellent and extremely popular means of investing your money and get a deal... Take around 30 minutes to complete generally, the higher the excess return the manager was able to income... 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The best unit trust funds are managed by experts and generally offer sound returns to create better. ( SIPs ) is investment, you can park your money and unit trust interest rate. Prepared to have outperformed its benchmark index ordinary income your own objectives through different! Your Bank account to Unity you ’ ll be helping to create a better society to Unity you ll... Diversify some risks, but can not eliminate all risks know your own investment objectives not. Policies ( ILPs ) are another way to invest in a specific country or geographical,. Be satisfied that the fund 's performance and the obligations and responsibilities of the fund are described the! But can not eliminate all risks you get a higher capital value than which you buy or.! Authority and the Prudential Regulation Authority and the product offering documents such as climate change ethical. Have to liquidate your funds during a market downturn things to look out for before invest!, but can not eliminate all risks to look out for before you invest, consider following! Objectives before deciding which funds are known as “ recognised funds ” Unity you ll! To assets or markets that may be the way to invest in it you select the accounts you want to. Mismanagement by the mix of underlying investments to go was paid and compounded once each year in also! Is usually computed daily to reflect changes in the fund ; Newsletter ; Top Performing trust...