|
|
Aviva Funds European Corporate Bond Fund
|
|
|
Aviva Funds European Corporate Bond Fund
|
|
|
|
|
|
| |
|
Ranking
|
|
Sector:
|
Europe-Fixed Interest-Bond |
|
Size:
|
(EUR) 88 690 000 |
| |
|
Sector Rank:
|
1 out of 4 |
|
(lump sum over 3 years to 31 Oct 2006)
|
| |
|
Overall Rank:
|
143 out of 239 |
|
(lump sum over 3 years to 31 Oct 2006)
|
| |
| R20000 invested on 31 Oct 2003 was worth R27 782 at 31 Oct 2006 |
(11.58% annual compound return)
|
| |
| R5000 per month since 31 Oct 2003 was worth R228 645 at 31 Oct 2006 |
(15.07% annual return compounded monthly)
|
|
| |
| Please note that offshore fund performance figures are calculated from NAV prices (ie, equivalent to sell-to-sell) and therefore not directly comparable to domestic fund performance figures on this site. |
| |
|
|
Management
|
| Andre Mazella, BSc, MBA |
| Andre joined Morley Fund Management in 2001. Previously, he worked for Abbey National Treasury Services as a high-yield Investment Analyst. Prior to this, Andre was in Equity Research at Lehman Brothers and an Investment Associate at Putnam Investments. He holds a BSc in Finance from Montclair State University and an MBA in Finance from New York University. Andre is a Chartered Financial Analyst and a member of the New York Society of Securities Analyst and the Association of Investment Management and Research. |
| |
|
|
Focus and Objective
|
The fund will seek to achieve a high level of income by investing in Euro-denominated fixed income debt securities of primarily large European, and on ancillary basis selected non-European, corporates.
|
| |
|
|
Technical Overview
|
| Benchmark: |
50% European Currency High Yield Constrained index (HPCO), 50% EMU Corporates BBB-A Rated (ERCO) |
| Allows debit orders? |
No |
Is this fund a roll-up fund? |
Yes |
| Base currency: |
EUR |
Management fee (p.a.): |
1.25% |
| Broker comm payable? |
Yes |
Min further amounts: |
R10 000 |
| Domicile: |
Luxembourg |
Min lump sum: |
R30 000 |
| Exit fee? |
No |
Number of holdings: |
90 |
| Formation date: |
05 Nov 2001 |
Original price: |
EUR 2.00 |
|
|
|
|
|
