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

Availability:
The Discovery Europe High Five Fund is available as a limited offer on the Discovery Endowment Plan.

Closing date:
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.

Tax:
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.

For more information, please contact me today on 021 975 3199.