Discovery Invest introduces the Discovery Europe High Five Fund
Giving investors the benefit of tomorrow’s hindsight today
Discovery Invest has announced a limited offer, the Discovery Europe High Five Fund, as an addition to their Discovery Endowment Plan.
Discovery Invest’s Head of Research and Product Development, Craig Sher says, “The Discovery Europe High Five Fund is an innovative fund that allows investors, at the end of five years, to get the returns of whichever five shares provided the highest return over the period from a global portfolio of the 20 largest European equity shares” Further, he adds “The fund has some capital protection for falls of up to 40% and is based on offshore investment markets; however, with this fund investors have protection from risk in currency fluctuations because the investment is unaffected by rand appreciation or depreciation.”
Some of the shares included in the global portfolio, as at 1 August 2015, include Allianz SE, ING Group NV, Anheuser-Bush InBev NV, Bayer AG, Siemens AG, Deutsche Telekom AG and Volkswagen among others. The Discovery Europe High Five Fund has a minimum investment of R100 000.
Details of the limited offer to access the Discovery Europe High Five Fund
Contact a financial adviser for more information. Alternatively, call Discovery Invest on 0860 67 5777. Lines are open Monday to Friday from 08:00 to 17:00.
The Discovery Europe High Five Fund is available as a limited offer on the Discovery Endowment Plan.
There is limited capacity for the Discovery Europe High Five Fund. The offer will expire when capacity runs out or not later than 2 October 2015.
Term and investment
Five years from the trade date, which is 9 October 2015.
Money invested in the Discovery Europe High Five Fund before the trade date will be invested in a cash holding account. Any interest earned together with the initial investment less any fees paid will then be moved into the Discovery Europe High Five Fund on the trade date, at which time the five-year investment period will start.
Annual management and other fees
There are no ongoing fees in the global portfolio or the top five shares. Lump sum Discovery Endowment Plan administration fees and financial adviser fees apply. These will reduce the final return received.
Returns are taxed as capital gains based on current tax practices. This tax is deducted within the Endowment Plan and paid on your behalf by Discovery Life. Tax will reduce the final return received.
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Thulaganyo Khensani Mthombeni
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About Discovery Limited
Discovery Limited is a South African-founded financial services organisation that operates in the healthcare, life assurance, short-term insurance, savings and investment products and wellness markets. Founded in 1992, Discovery was guided by a clear core purpose – to make people healthier and to enhance and protect their lives. Underpinning this core purpose is the belief that through innovation, Discovery can be a powerful market disruptor.
The company, with headquarters in Johannesburg, South Africa, has expanded its operations globally and currently serves over 4.4 million clients across South Africa, the United Kingdom, the United States, China, Singapore and Australia. Discovery recently announced an intent to partner with Generali, a leading insurer in Europe, and has partnered John Hancock in the US. These new partnerships will bring Discovery’s shared-value business model to protection industries in Europe and the US.
Vitality, Discovery’s wellness programme, is the world’s largest scientific, incentive-based wellness solution for individuals and corporates. The global Vitality membership base now exceeds three million lives in five markets.
Discovery is an authorised financial services provider and trades under the code “DSY” on the Johannesburg Securities Exchange.
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