What's Happening?

Facebook Twitter Youtube Linkedin

NEED HELP? QUESTIONS@FIA.ORG.ZA

become A FIA member TODAY
member login

Liberty launches structured global tracking funds targeting future growth

ARTICLE BY

  • Vimal Chagan

SHARE THIS POST

14 October 2021 – Liberty is offering investors the chance to get involved in two structured investment opportunities that take advantage of global growth opportunities.

The first is the Liberty Structured Global Performer ESG V1 portfolio, that tracks the MSCI Global Diversified ESG 100 Decrement 5% Index, for investors who feel that companies which adhere to sustainable environmental, social and governance principles make a worthy investment opportunity.

With the Global Performer V1 offering, if the change in value of the basket is positive at maturity date (after adjusting for tax), but less than 8%* p.a., clients receive the full 8%* p.a.  If the change in the value of the basket, adjusted for tax, is more than 8% *p.a. at maturity date, the client then receives the growth (adjusted for tax) at Maturity Date. All returns are net of fees and taxes and are denominated in Rands.

If there is no change or where the basket of underlying indices drops by less than 30% at the maturity date, then the client receives their allocated investment amount in the structured portfolio back. If the return drops by more than 30% at the maturity date, then the capital protection falls away and the client receives the return of the basket. 

A similar arrangement applies with the Liberty Structured Global Performer ESG V1 portfolio, except that the target return is 12*% p.a.

Both portfolios are protected from currency swings as the proceeds are denominated in rands and the benefits provided on both portfolios are net of fees and taxes.  The portfolios are available on Liberty’s Evolve Investment Plan and Evolve Investment Plan (Sinking Fund) for a limited period, which closes on 3 December 2021.

“Our leading investment offerings use indexes which aggregate some of the best companies worldwide. The basket of stocks underlying each index is reviewed regularly by these index providers,” says Vimal Chagan, Head of Retail Investment Products at Liberty. 

“We think the companies of the future are the ones that are taking care to protect the future. This is why our investments offer clients the opportunity to invest in companies that fit into our broader view of creating a sustainable future.”

“Managing the future is also about dealing with the ever-growing complexity of the markets, with so many more choices becoming available every day to investors. This is so they can focus on knowing we’ve thought about all the options and their savings are on a journey that is constantly evolving to take advantage of every emerging angle,” he says.

Investors who wish to get involved in either or both of these offerings should contact their financial adviser for more information about fees and minimum investment amounts.

Liberty offers investors a wide variety of choices, which includes the Standard Bank Shyft app that allows you to buy forex instantly and invest in some of the top performing US stocks and ETFs online.

(* This is the return Liberty aims to achieve. The final rate will only be known at the portfolio’s strike date which is 10 December.)

For more details about the benefits, fees, tax, limitations, contributions, risks or other Liberty Structured Global Performer V1 and Liberty Structured Global Performer ESG V1 features, please speak to a Liberty Financial Adviser or your broker.

Subscriber Terms and Conditions

  1. APPLICATION OF TERMS
    • These terms and conditions (“Subscriber Terms”) apply to the subscription by any qualifying member of the South African Underwriting Managers Association NPC (“SAUMA”) to the services and benefits offered by FIA Services (Pty) Ltd (“FIA Services”) under the SAUMA affiliation arrangement (“Subscription”).

  2. NATURE OF SUBSCRIPTION
    • A Subscription under this arrangement:
      • does not constitute membership of FIA NPC;
      • does not confer any voting rights or governance participation in FIA NPC; and
      • is governed solely by the contractual relationship between the Subscriber and FIA Services.

  1. ELIGIBILITY
    • To qualify for the Subscription, the applicant must, at the time of application, be a current paid-up member of SAUMA.
    • FIA Services will verify the applicant’s SAUMA membership status with SAUMA prior to activation, and may re-verify such status periodically.
    • If a Subscriber ceases to be a paid-up member of SAUMA, the Subscription will correspondingly be terminated.
    • Applicants are required to authorise FIA Services to confirm their SAUMA membership status with SAUMA as part of the application process.

  1. SERVICES
    • The Subscription entitles the Subscriber to the following benefits:
      • Complimentary access to the FIA CPD Platform;
      • Complimentary access to the FIA Insight Magazine (digital edition);
      • Advertising opportunities on FIA platforms at a discounted rate of 15% (fifteen percent) off the prevailing published rates; and
      • Invitations to attend FIA Technical Webinars annually.
    • FIA Services reserves the right to update, vary or substitute the Services from time to time, provided that the overall value and nature of the benefits remain materially the same.

  1. FEES AND PAYMENT
    • The monthly subscription fee is R260.00 (two hundred and sixty rand) for up to seven registered individuals (Key Individuals and Representatives), and R36.00 (thirty-six rand) per additional registered individual thereafter, excluding VAT.
    • The Subscriber shall provide FIA Services with the required details of each individual to be registered under the Subscription for the purposes of activation and billing.
    • All fees are exclusive of VAT, which shall be charged at the prevailing statutory rate.
    • Subscription fees are reviewed annually in March and may be adjusted with effect from 1 April.
    • Any changes to the Subscription, including but not limited to the number of Representatives and Key Individuals registered under the Subscription, may only be effected once annually during the annual review period in March of each year, with such changes taking effect from 1 April.
    • Subscription fees shall be billed monthly in arrears, unless the Subscriber elects an annual billing cycle at the time of application.
    • The Subscriber shall ensure that all billing information (including contact details, authorised signatories and bank account details) is kept accurate and up to date.
    • Non-payment of subscription fees may result in suspension of access to the Services until such fees are brought up to date.
    • The Subscriber acknowledges and agrees that all subscription fees payable under these Subscriber Terms may be collected by way of debit order, which shall be processed by the holding company, FIA NPC (The Financial Intermediary Association of South Africa), on behalf of FIA Services. Payment to FIA NPC shall be deemed to constitute valid and sufficient discharge of the Subscriber’s payment obligations to FIA Services under these Subscriber Terms.

  1. ONBOARDING
    • Onboarding will be conducted as a Subscription with FIA Services under the SAUMA affiliation arrangement.
    • Onboarding will not confer FIA NPC membership status or any associated rights.
    • Onboarding is conditional on confirmation of the Subscriber’s current SAUMA membership at the time of application

  1. DATA PROTECTION
    • FIA Services will process all personal information in accordance with the Protection of Personal Information Act 4 of 2013 (POPIA) as set out in our POPIA policies.
    • By subscribing, the Subscriber authorises FIA Services to confirm their SAUMA membership status with SAUMA and to process personal information for the purposes of fulfilling the Subscription.

  1. TERMINATION
    • The Subscriber may terminate the Subscription by giving FIA Services one calendar month’s written notice.
    • FIA Services may terminate the Subscription on one calendar month’s written notice, or immediately if the Subscriber breaches these Subscriber Terms and fails to remedy such breach within 14 (fourteen) days of receiving written notice.
    • Termination of the SAUMA–FIA Services affiliation agreement shall not automatically terminate these Subscriber Terms.
    • Termination by the Subscriber shall not relieve the Subscriber of liability for any subscription fees accrued up to the effective date of termination.
    • FIA Services may suspend or terminate the Subscription with immediate effect in the event of non-payment of fees by the Subscriber.

  1. GENERAL
    • These Subscriber Terms are governed by the laws of the Republic of South Africa.
    • Any disputes arising under these Subscriber Terms shall be dealt with in accordance with the dispute resolution provisions contained in the FIA NPC membership terms and conditions, as modified to reflect that the contractual relationship is with FIA Services.
    • Any notices required under these Subscriber Terms may be validly delivered by email to the addresses provided in the Subscriber’s application form, and such notices shall be deemed received on the day of transmission if sent during business hours.
    • The Subscriber may not assign, cede or transfer any of its rights or obligations under these Subscriber Terms without the prior written consent of FIA Services.
    • No variation of these Subscriber Terms shall be of any force or effect unless reduced to writing and signed by both FIA Services and the Subscriber.