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Name Change
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Wednesday, 26 November 2008
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Official Announcement
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The Marriott International Income Growth Fund has changed its name to the Marriott International Growth Fund 29/09/2008.
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Capital volatility predicted
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Tuesday, 19 July 2005
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General Market Analysis
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The securities in the International Real Estate Fund are trading at premiums in excess of 15% to net asset value which may result in capital volatility going forward. Based on the current income yield of 4.5% (pre tax) and expected income growth (in US dollar terms) of between 4% and 6% per annum, with an expected yield of between 5.8% and 6.2% in 5 years time, we are forecasting total returns of between 2% and 6% per annum. We are encouraging investors to consider the International Income Growth Fund as an alternative. Apart from being a balanced fund (with exposure to offshore equities, bonds, cash and real estate), The International Income Growth Fund is expected to deliver total returns of between 9% and 13% per annum - this is comprised of a 4.2% (gross) current yield, with expected growth in income of approximately 4 - 6% per annum. Investors in the International Real Estate Fund will be able to transfer to the International Income Growth Fund free of charge.
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