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At STANLIB we continually strive to improve the investment experience for our clients. Over the last few months we have revisited the vast range
of funds that we have on offer and have made the decision to assist clients in identifying the most appropriate funds to build any portfolio around.
This should make the investment choices for our clients a lot easier.
The first step is to simplify the names of some of the funds we have on offer. To this end, we will be changing the names of four of our existing
funds from 1 April 2009 so that it is quite clear what the fund's mandate is.
| STANLIB Wealthbuilder Fund |
STANLIB Equity Fund |
| STANLIB Capital Growth Fund |
STANLIB Growth Fund |
| STANLIB Inflation Beater Fund |
STANLIB Inflation Plus 3% Fund |
| STANLIB Stability Fund |
STANLIB Balanced Fund |
The name changes are designed to make it easier for you to identify what kind of investment you select or are invested in.
We are not changing the investment philosophy or mandates of these funds and they will continue to be managed as they have been.
The STANLIB Wealthbuilder Fund has been our flagship equity fund since 1970. It has always invested in a broad range of equities available
on the stock exchange, and has more recently included some international exposure. In line with the investment mandate we are renaming this fund
the STANLIB Equity Fund.
The STANLIB Capital Growth Fund has always been a fund that seeks to identify the 'growth' stocks available on the stock exchange.
These stocks are expected to grow faster than the overall market's earning over a two-year period; are well placed in a growing industry locally;
or are expanding offshore and are trading at reasonable values relative to their growth prospects. This fund will in future be named the
STANLIB Growth Fund.
The two remaining funds fall within what we call the 'managed' range. 'Managed' refers to a range of asset classes that are managed according
to their expected investment returns. Therefore, an Inflation Plus 3% fund, is expected to achieve returns that are 3% above the Consumer Price Index,
and the fund manager is expected to produce these returns over a rolling 2-year period. Again, it is important to note that while the names are changing,
the investment philosophies remain the same. It just becomes easier to align the fund's performance objectives with the expectations of the investor.
We trust that these small name changes will make it easier to understand our fund offering.
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