GBP Fund Factsheet - October 2014

GBP Fund Factsheet - October 2014
Fund Overview
The Structured Product Fund plc is intended to meet the needs of investors seeking medium to long-term capital
growth who are willing to accept a moderate level of risk. It aims to deliver growth at a level higher than can be
achieved from a fixed-rate deposit with a bank. Higher returns on an investment cannot normally be achieved
without increased risks to capital, or a reduced probability of receiving the returns. The Fund manages the risks
to capital in a number of ways, as well as working to enhance the probability of delivering the targeted returns.
LAUNCH DATE
ISIN
PRICE 29/10/2014 (£)
MONTHLY CHANGE
26/02/2014
IM00BJ04W750
0.9694
-1.20%
Asset Allocation
Commodities
2%
Funds
10%
Top Five Holdings
Morgan Stanley 6 Year FTSE Supertracker
Cash & Fixed Interest
34%
Emerging Equities
4%
Commerzbank 5 Year Triple Market
Natixis Capital Protected Growth Note
UBS 5 Year (Stocks) Pheonix Note
Nomura FTSE-Nikkei 6 Year Autocall
Developed Equities
50%
Monthly Performance (2014)
Aug
Sep
Oct
Nov
Dec
Launch to
Date
Jan
Feb
Mar
Apr
May
Jun
Jul
The Structured Product Fund (%)
N/A
N/A
-0.34 -0.40
0.27
-0.71
0.74
-0.07 -1.37 -1.20
-3.06
MSCI World Price Index (%)
N/A
N/A
-0.19
0.08
2.18
0.22
0.58
2.54
-1.83
0.75
4.36
Bloomberg Global Investment
Grade Corporate Bond Index (%)
N/A
N/A
0.96
-0.49
1.63
-1.35
0.08
2.59
0.29
1.31
5.07
8.00%
6.00%
MSCI World Price Index
4.00%
2.00%
0.00%
Bloomberg Global Investment Grade
Corporate Bond Index
-2.00%
The Structured Product Fund
-4.00%
-6.00%
Source: Bloomberg
(Information correct as at 29/10/2014)
Investment Commentary
Stock markets were extremely volatile in October, with the much talked about correction finally arriving. Equity
markets across the world dropped significantly by the middle of the month, but rebounded to erase some of their
losses by the month end. The Fund’s price declined over the month as a result.
The move down may have had something to do with the end of quantitative easing in the US, which has arguably
been a strong support of equity markets for the past five years. It also had something to do with the sharp fall in
the oil price over the period, as well as other commodity prices. This has been caused by the slowdown in China
and other emerging markets, but in particular by the willingness of Saudi Arabia to maintain increased production
in the face of oversupply and cut prices in the US. Saudi traditionally acts as one of the ‘swing factors’ in global oil
production, and would normally cut output at a time of weak global prices. On this occasion it hasn’t, and this has
resulted in a sharp fall in the share prices of commodity related companies.
The Fund bought a new Note for the GBP class, another Nomura FTSE/Nikkei Autocall. The previous one called in
September and gave the Fund a good return, so we are hopeful that the New note will be equally successful.
Overall we are hopeful that equities can make further gains, and will experience a year end run up.
Fund Details
Target:
Liquidity & Dealing:
AMC:
Allocation:
Early Exit Charge:
Performance Fee:
Fund Domicile & Type:
5– 15% p.a. growth
Weekly
1.75%
100%
5% over 5 years reducing on a sliding scale
10% on profits over 10% pa on a HWM basis
Isle of Man Regulated Fund
Dealing & Valuation
(Weekly)
Completed Orders by: Tuesday
Valuation as of COB:
Wednesday
Dealing Day:
Thursday
Min Investment:
£1,000
Contacts
Promoter:
Compass Global Wealth Ltd
Bellamy House, Winton Road
Petersfield, Hampshire
GU32 3HA
Tel: +44 (0)1730 267546
[email protected]
www.compassglobalwealth.com
Manager:
Abacus Financial Services Ltd
Sixty Circular Road, Douglas,
Isle of Man
IM1 1AE
Tel: +44 (0) 1624 689750
Fax: +44 (0) 1624 689602
E-mail: [email protected]
www.abacusiom.com
Investment Advisor:
Thomas Miller Investment
(Isle of Man) Limited
Level 2 Samuel Harris House
5-11 St Georges Street
Douglas, Isle of Man
IM1 1AJ
Tel: +44 (0)1624 645200
Fax: +44 (0)1624 645220
www.tminvestment.com
Fiduciary Custodian:
Kleinwort Benson
(Guernsey) Ltd
Dorey Court, Admiral Park,
St Peter Port
Guernsey
GY1 2HT
Tel: +44 (0) 1481 727111
Fax: +44 (0) 1481 728317
www.kleinwortbenson.com
This document is intended for Professional Advisers and Intermediary use only. This document, which is issued by Compass Global Wealth Limited, does not
constitute an offer to invest in the Fund, and any decision to invest must be based solely on information contained in the Offering Document. Copies of the
Offering Document, documents constituting the Fund and the latest financial statements for the Fund may be obtained free of charge from Abacus Financial
Services Limited at the address set out above. It should be remembered that the value of shares in the Fund and the income produced by them could fall as
well as rise. Investors may not get back the value of their original investment. The Fund is not subject to the benefit of any compensation arrangements. The
Manager is a holder of a Financial Services Licence issued under section 7 of the Financial Services Act 2008 of the Isle of Man. The investments are advised
upon by Thomas Miller Investment (Isle of Man) Limited, holder of a Financial Services Licence issued under the Financial Services Act 2008 and licenced by
the Financial Supervision Commission of the Isle of Man. Thomas Miller Investment is a registered business name of Thomas Miller Investment (Isle of Man)
Limited. The Fiduciary Custodian is licensed by the Guernsey Financial Services Commission to provide custody services to collective investment schemes and
is approved to act as fiduciary custodian to the Fund. In granting permission for the Manager to manage the Fund, the Isle of Man Financial Supervision
Commission has reviewed the constitutional documents but the Commission has not commented on, nor is it required to comment on, the investment objectives or strategies of the Fund or its suitability for any investor or class of investor. Potential investors should be aware that past performance is not an
indicator of future performance and that historic performance does not take account of any early exit charges that could apply in the event of a withdrawal
being made within 5 years of investing.

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