Featured Investment Product
Seeking positive returns irrespective of market conditions?
During the recent volatile market environment, many investors were searching for ways to increase the value of their portfolio steadily without taking on unduly high risk. With this need in mind, Hibernian Aviva launched the Aviva Irl BlackRock European Absolute Return Strategies Fund on 2 June 2009. This fund invests in the BSF European Absolute Return Strategies Fund.
The Fund is designed to achieve positive performance in both falling and rising markets and is managed by experienced manager Vincent Devlin, a senior member of the European Equity Style Diversified team.
Five reasons to invest
- Positioned to deliver positive returns in falling and rising markets: The fund has the flexibility to potentially deliver positive absolute returns in both rising and falling markets.
- Flexibility: Unlike many relative return funds, the absolute return fund is not constrained by a particular benchmark, rather investments earn their place in the Fund on their ability to perform.
- Experience: The Fund is managed by a highly regarded Fund Manager, the Citywire* A-Rated Manager Vincent Devlin, and backed by an experienced team; the European Equity Style Diversified Team. This team collectively manages over €10.7bn in European equities (31 August 2009).
- Strong risk management: Risk management is at the heart of BlackRock’s investment approach and their risk management team has developed some of the most sophisticated technology available to ensure that all their Fund Management teams, and not least the managers of their absolute return funds, have the right tools to do their job.
- Proven leadership: BlackRock is a proven leader in the development of absolute return funds; launched in April 2005 the BlackRock UK Absolute Alpha Fund was one of the first of its kind and now has £1.4bn in assets under management.
Is this fund for me?
You may consider this fund appropriate to you if you are seeking:
- Lower market risk –this fund aims to generate a risk profile more similar to bond sectors, while generating more equity like returns.
- A core long-term holding that offers diversification as its returns are uncorrelated to markets and other traditional asset classes.
- A fund that aims to capture some of the upside of investing in European equity markets, but without capturing the downside of investing in European equity markets.
- Exposure to a highly experienced Fund Manager: Vincent Devlin, who is A rated by Citywire*
*Citywire is a financial publishing group that was founded in 1999. They have 82 staff based in London. Part of their role is to rate the strength of Fund Managers.
Citywire rates less than 20% of the 1,000+ active managers in the UK market place.
Under Hibernian Aviva’s agreement with BlackRock the Aviva Irl BlackRock unit linked fund described herein is not available for distribution to, or investment by, US residents or citizens. They may not be directly or indirectly offered or sold in the USA or any of its territories or possessions or areas subject to its jurisdiction or to or for the benefit of a US Person.
The underlying BSF Absolute Return Strategies Fund incorporates a performance fee, linking BlackRock’s remuneration more closely to the performance of the Fund. The performance fee is 20% of outperformance over the hurdle (3-month EURO LIBOR) and when the current net asset value (NAV) is higher than the High Water Mark (HWM). The HWM is the higher of the initial launch Net Asset Value and the last Net Asset Value for which a performance fee has been paid. Where the current NAV is below the HWM, or the NAV is below the hurdle, no performance fee will be accrued until the underperformance has been made good. BlackRock only takes a performance fee when the Fund not only generates an absolute return, but outperforms both the hurdle & HWM. If the Fund underperforms both the hurdle and the HWM, BlackRock will not charge a performance fee. This performance fee is reflected in the share price Hibernian Aviva receive from BlackRock.
WARNING: The value of your investment may go down as well as up.
WARNING: This fund may be afected by changes in currency exchange rates.
WARNING: Past performance is not a reliable guide to future performance.
WARNING: Withdrawals and switches may be defered for up to 3 months.
WARNING: The income you get from this investment may go down as well as up.
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