mutual_funds_presentation - Cyprus International Institute of

Report
MUTUAL FUNDS PRESENTATION
(UCITS IV)
Alexios Kartalis
General Manager
June 4, 2014
INVESTMENT IN UNITS OF THE UCITS HAS NO GUARANTEED RETURN AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RETURNS
GMM Global Money Managers Ltd
COMPANY
Company Profile
GMM Global Money Managers Ltd is a funds management company operating in
compliance with Law 78(I)/2012, holding UCITS Manager license No. 2/13.It operates in
the financial sector, setting up, running and managing mutual funds in line with the most
recent UCITS IV Directive.*
The company is an innovative fund managing firm based in Cyprus, seeking to provide
effective geographical coverage of the local market, Greece, and the wider SE
Mediterranean region. GMM’s objective is to preserve the capital it manages and achieve
optimal yields.
GMM is firmly focused on achieving wide diversification of investment risk in international
money and capital markets via the mutual funds and other related products it offers (such
as ETFs, SIFs, etc.). It offers an extensive range of potential investment options (money
market, fixed income, balanced, equities and special purpose funds among others) for the
small, medium and large portfolios of both private individuals and institutional investors.
GMM’s management team and associates, are well reputed with many years of experience, specialized knowledge and the focus
– determination – zeal needed to monitor market developments. Their primary aim is to safeguard invested capital and generate
optimal yields.
* fully implemented by the Cypriot legislation
INVESTMENT IN UNITS OF THE UCITS HAS NO GUARANTEED RETURN AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RETURNS
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GMM Global Money Managers Ltd
COMPANY
Memberships & Other Activities
GMM Global Money Managers Ltd. is a member of the Cyprus Investment Funds Association (CIFA). CIFA was
established in 2013 and is the official association and “representative spokesman" of professionals operating in
the investment funds industry in Cyprus. CIFA works closely with Regulatory Bodies and Governmental entities in
order to promote the funds industry in Cyprus.
GMM Global Money Managers Ltd. is a also a member of
International Capital Markets Association (ICMA). ICMA
represents professionals of the international capital markets
area. Its members are global investment banks, regional banks,
asset managers, exchanges, central banks, law firms and other
entities.
GMM Global Money Managers Ltd. managed funds are listed οn the Cyprus Stock Exchange
(CSE) in the market of non negotiable collective investment schemes. Our funds are the first
ones to list on CSE.
INVESTMENT IN UNITS OF THE UCITS HAS NO GUARANTEED RETURN AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RETURNS
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GMM Global Money Managers Ltd
MUTUAL FUNDS
...perhaps the most efficient asset management tool globally
COMMON PROPERTY
•
•
•
•
•
Common target
Common preferencies
Common benefits
Predifined investment policy
Pro-rata allocation of return,
based on the size of the
investment (units held)
MUTUAL FUNDS
Bank deposits + Bonds + Repos + Equities
PROFESSIONAL
MANAGEMENT
•
•
•
•
Established professionals
Long experience
Specialized knowledge
Aims at the protection of
capital and optimum return
Power of the common fund
+ professional management
+ access to capital markets and types of investement that
someone could not approach alone
INVESTMENT IN UNITS OF THE UCITS HAS NO GUARANTEED RETURN AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RETURNS
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GMM Global Money Managers Ltd
MUTUAL FUNDS
Advantages of Mutual Fund (UCITS IV)
Continuous professional management by a team of
experienced & well reputed financial experts.
Investors can start off by investing a small
initial amount
Assets are safe and secure
Flexibility
Mutual Funds are addressed to portfolios of all sizes of both individual and legal entities and present a wide range of advantages
that make them perhaps the most effective tool of portfolio management worldwide:
Investments are diversified and risk minimized
Investments are fully transparent and easy to
monitor
Units in mutual funds can be sold instantly
Tax benefits.
INVESTMENT IN UNITS OF THE UCITS HAS NO GUARANTEED RETURN AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RETURNS
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GMM Global Money Managers Ltd
Mutual Funds
INVESTMENT IN UNITS OF THE UCITS HAS NO GUARANTEED RETURN AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RETURNS
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GMM Global Money Managers Ltd
MUTUAL FUNDS
...perhaps the most efficient asset management tool globally
Total assets invested worldwide
23,37 trillion Euros (Q3/2013)
Increase in assets invested
in M/F: 5,41% in 2013 and
19,85% from 2011
SOURCE: EFAMA
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GMM Global Money Managers Ltd
MUTUAL FUNDS...in Europe
Total assets invested in
Europe 9,8 trillion Euros
(2013) equal to 68% of GDP
(from 63% at the end of
2012)
Net sale of M/F(UCITS &
non-UCITS) within 2013,
over 410 billion Euros
SOURCE: EFAMA
INVESTMENT IN UNITS OF THE UCITS HAS NO GUARANTEED RETURN AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RETURNS
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GMM Global Money Managers Ltd
GMM MUTUAL FUNDS
...flexible, effective solutions
A high standard of management
and personal service from GMM’s
staff who offer up-to-date
information on a systematic basis.
The option to set up and actively
manage funds with a minimum of
€200,000
An independent certified manager
can be appointed. It is also possible
to opt to register, under certain
circumstances, the Fund in a
different country and also have an
alternative custodian.
A fund can be registered and
distributed in another EU Member
State.
Investments can be made via
GMM’s umbrella funds, thereby
ensuring access to the entire range
of investment choices, coupled with
optimum geographical
diversification.
Any type of investor may also allocate
part of its capital in investments
denominated in a different currency
(other than Euro) thereby ensuring even
greater diversification.
When implementing the UCITS IV legal framework, GMM offers investors a range of options for even greater flexibility
INVESTMENT IN UNITS OF THE UCITS HAS NO GUARANTEED RETURN AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RETURNS
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GMM Global Money Managers Ltd
WHITE LABELLING FUND
SET UP YOUR TAILOR MADE FUND
•
Allows investors to set-up a fund tailored made to their own specific investment needs
•
Ability to offer comprehensive investment solutions to your customers by creating your own
branded umbrella fund
•
Minimum preferred investment amount: 1,5M €
•
Ability to also contribute securities (equities, bonds etc.)
•
Mutual Fund’s units may be owned by two or more investors
•
Low management and transaction fees
•
Enjoy the special features and power of an institutional
investor (i.e. participation in IPO’s, open account
in every country)
•
Mutual fund’s units can be transferred to the
majority of the private banking accounts
•
Mutual fund’s units can get lending value
•
Fund’s reference can be any basic currency
•
Tax benefits
INVESTMENT IN UNITS OF THE UCITS HAS NO GUARANTEED RETURN AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RETURNS
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GMM Global Money Managers Ltd
OTHER ACTORS
Custodian & Fund Admin
CUSTODIAN
•
Has both regulatory and contractual duties
•
Safely keeps the assets of the Fund. The management company has no access to these
assets
•
The custodian confirms unit price calculation and acts as the cashier of the fund. It also
ensures conformity with the regulation
•
It also settles the trades on behalf of the fund in the various markets
•
Operates independently from the Management Company and acts for the benefit of the
unit holders
•
Confirms the right evaluation of the M/F assets
•
Supports the investment choices of the M/F, offering a world wide sub-custodians
network
INVESTMENT IN UNITS OF THE UCITS HAS NO GUARANTEED RETURN AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RETURNS
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GMM Global Money Managers Ltd
OTHER ACTORS
Custodian & Fund Admin
CUSTODIAN
•
Our company uses as custodian Eurobank Cyprus Ltd, who is using reputable
institutions worldwide as sub-custodians.
•
In the major markets they use institutions like HSBC, Danske Bank, ABN Amro,
Santander, Credit Suisse, Intesa San PAOLO, The Bank of New York Mellon, Clearstream
Banking Luxembourg, etc.
FUND ADMIN
•
Makes all the accounting entries on behalf of the fund
•
Verifies independently NAV calculation and offer investors an extra safety net.
INVESTMENT IN UNITS OF THE UCITS HAS NO GUARANTEED RETURN AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RETURNS
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GMM Global Money Managers Ltd
PRODUCTS
Choose mutual funds tailored to your investment profile
BOND FUNDS
Name
Audience
GMM Short-Term Bond Fund
GMM High Yield Bond Fund
GMM High Rating Bond Fund
The Fund is aimed at short-term
investors wishing to generate earnings
from the income and added value of
treasury and corporate bonds while not
being willing to assume high levels of
investment risk.
The Fund is aimed at medium- to longterm investors, wishing to enjoy both
capital gains and periodic income by
investing in a diversified portfolio of
high-yield treasury and corporate
bonds. Investors in this Fund must be
willing to assume a high level of
investment risk.
The Fund is aimed at medium- to longterm investors, willing at assume a low
level of investment risk seeking to
generate an income from interest, and
to a lesser extent capital gains from
added value, by investing in a
diversified portfolio of high-rated
treasury and corporate bonds.
2 (out of 7)
5 (out of 7)
4 (out of 7)
Eurobank Cyprus Ltd
Eurobank Cyprus Ltd
Eurobank Cyprus Ltd
Euribor 1-m + 20 bps
Euribor 3-m + 150 bps
Euribor 3-m + 50 bps
Bonds:
55% - 90%
Deposits: 10% - 45%
Bonds:
55% - 100%
Deposits: 0% - 45%
Bonds:
55% - 100%
Deposits: 0% - 45%
Investment Risk
Custodian
Benchmark
% of fund assets
invested in (must be
within range):
INVESTMENT IN UNITS OF THE UCITS HAS NO GUARANTEED RETURN AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RETURNS
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GMM Global Money Managers Ltd
PRODUCTS
Choose mutual funds tailored to your investment profile
EQUITY FUNDS
Name
BALANCED FUNDS
GMM Developed Markets Equity
Fund
GMM Emerging Markets and New
Frontiers Market Equity Fund
Hellas-Cyprus Recovery Mutual Fund
The Fund is aimed at investors with a
long-term investment horizon
wishing to diversify their portfolio via
placements in large equity markets
(such as the Euro Area and USA) in
the expectation of generating very
high returns, while also being willing
to assume the risk of major
fluctuations in the value of their
investments.
The Fund is aimed at investors with
a long-term investment horizon
wishing to diversify their portfolio
via placements in rapidly growing
international economies, in the
expectation of generating very high
returns, while also being willing to
assume the risk of major
fluctuations in the value of their
investments.
The Fund is aimed at long-term investors,
wishing to enjoy both capital gains and
periodic income by investing in a diversified
portfolio of equities and in treasury and
corporate bond issues, primarily from
businesses with a Greek and/or Cypriot
presence. Investors in this Fund must be
willing to assume a high level of investment
risk.
6 (out of 7)
7 (out of 7)
6 (out of 7)
Custodian
Eurobank Cyprus Ltd
Eurobank Cyprus Ltd
Eurobank Cyprus Ltd
Benchmark
60% MSCI World (in EUR) + 40%
Euribor 3-m
60% MSCI Emerging Markets (in
EUR) + 40% Euribor 3-m
35% Bloomberg Greece Sovereign Bond Index
+ 30% FTSE/ASE Large Cap + 35% Euribor 3-m
Audience
Investment Risk
% of fund assets
invested in (must be
within range):
Equities:
Bonds:
Deposits, T-Bills:
55% - 100%
0% - 45%
0% - 45%
Equities:
Bonds:
Deposits, T-Bills:
55% - 100%
0% - 45%
0% - 45%
Equities:
10% - 90%
Bonds:
10% - 90%
Deposits, T-Bills: 0% - 80%
INVESTMENT IN UNITS OF THE UCITS HAS NO GUARANTEED RETURN AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RETURNS
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GMM Global Money Managers Ltd
GMM PRODUCTS
Returns of GMM UCITS as of 30/05/2014 (*)
(*) The presentation of these returns refer to the past and past performance does not guarantee future
returns
--------- THE ABOVE REFERENCE IS NOT AN ADVERTISEMENT --------INVESTMENT IN UNITS OF THE UCITS HAS NO GUARANTEED RETURN AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RETURNS
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GMM Global Money Managers Ltd
Former returns of our management team
GMM World Balance Fund
INVESTMENT IN UNITS OF THE UCITS HAS NO GUARANTEED RETURN AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RETURNS
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GMM Global Money Managers Ltd
Former returns of our management team
GMM World Balance Fund
INVESTMENT IN UNITS OF THE UCITS HAS NO GUARANTEED RETURN AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RETURNS
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GMM Global Money Managers Ltd
www.global-mm.com
[email protected] .com
36 Stasinou St., Strovolos,
2003 Nicosia, Cyprus
+357 22205858
Contacts
Mr. Alexios Kartalis
General Manager
Mr. Nick Kaltsogiannis
Chief Investment Officer
Mr. Antonis Shiakallis
Business Development
Mr. Stavros Kougias
Fund Manager
T: +357 22205858
E: [email protected]
T: +357 22205858
E: [email protected]
T: +357 22205858
E: [email protected]
T: +357 22205858
E: [email protected]
INVESTMENT IN UNITS OF THE UCITS HAS NO GUARANTEED RETURN AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RETURNS
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GMM Global Money Managers Ltd
THANK YOU !
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