Post on 12-Jun-2020
Premier Multi-Asset Retirement Income Solutions
September 2016
Client presentation
2
Agenda
The income conundrum
Introduction to Premier Asset Management and solutions
Our philosophy and process
Introduction to the Premier Multi-Asset Distribution Fund
Outlook and summary
The income conundrum
4
Income in retirement – so much to think about
Source of income
Guaranteed vs non-guaranteed income
Life expectancy
Inflation
Interest rates
Capacity for loss
Attitude to risk
Sequence of return risk
Natural income vs unit encashment
Choosing an income fund
Estate planning
5
The Income Conundrum
Over 80% of the World’s assets will be owned
by baby boomers in the next 5 years
Record low interest rates
At historic lows since March 2009
Unlikely to change in the near term
Changing demographics
More people retiring in the UK
Likely to be retired for longer
How to fund those extra years?
Increasing care costs
¹Data as at 31.01.2016. ²Data as at 30.09.2015, people aged 90 and over per 100,000 population, UK, 1984 to 2014.
Returns on £100,000 investment from cash account, based on Bank of England base rate¹ Source: Bank of England
No. of people in the UK aged 90+ Source: Office of National Statistics²
£
Years
£0
£1,000
£2,000
£3,000
£4,000
£5,000
£6,000
Jan'07 Jan'08 Jan'09 Jan'10 Jan'11 Jan'12 Jan'13 Jan'14 Jan'15 Jan'16
84 86 88 90 92 94 96 98 00 02 04 06 08 10 12 14
0
200
400
600
800
1000('0
00)
6
The income in retirement smile
For illustrative purposes only.
Years in retirement
Inve
stor
inco
me
requ
irem
ents
Investors’ income requirements change throughout their retirement.
Introduction to Premier Asset Management and solutions
8
Premier Asset Management in numbers
Source: Premier Asset Management and ¹FE Analytics, on a bid to bid, total return, UK sterling basis as at 31.07.2016. *Multi-asset, equities and fixed interest.
Past performance is not a guide to future returns.
Assets under management
£4.8bn
Investment professionals
26
Employees
96
% of assets beating median
over 3 years
96%¹
Equity AUM
£1.5bn
Fixed income AUM
£0.7bn
Multi-asset AUM
£2.5bn
% of assets beating median
over 5 years
91%¹
9
Premier multi-asset range – what we offer
Range of investment solutions
Highly diversified investment portfolios
Experienced investment team
Strong performance record
Strong client service and reporting
Meeting different client objectives and risk profiles Covering solutions for income, conservative growth, growth and balanced returns (income and growth)
Multi-asset, multi-manager and multi-structured
Team of 7 with extensive industry experience
Attractive, sustainable income, strong absolute and relative growth, robust risk management
Regular and open communication
10
Highly experienced investment team
Extensive industry experience
Led by Director of Multi-Asset Funds, David Hambidge
With over 25 years of multi-manager and multi-asset investment experience
Manager of Premier’s multi-asset style funds since 1995
Wholly focused on multi-asset investing
Utilises Premier’s broad investment management expertise
Manage £2.5 billion assets
Data as at 31.07.2016.
David Hambidge Director – Multi-Asset Funds
Joined Premier in 1987
Ian Rees Head of Research
Joined Premier in 2000
Simon Evan-Cook Manager
Joined Premier in 2006
David Thornton Manager
Joined Premier in 2006
Nick Kelsall Manager
Joined Premier in 2001
Mark Rimmer Product Director
Joined Premier in 2015
11
Multi-asset fund range
Data as at 31.07.2016.
Our multi-asset solutions are truly multi-asset and include income, conservative growth, growth,
balanced and risk targeted funds, to meet different client investment objectives and risk profiles
Fund Strategy Comparative benchmark IA sector Fund size (£m)
Multi-Asset Monthly Income Income IA Mixed 20-60% Shares Mixed 20-60% Shares 549.9
Multi-Asset Distribution Rising income IA Mixed 20-60% Shares Mixed 20-60% Shares 1019.0
Multi-Asset Absolute Return Real return Cash (3m LIBOR) +2% over 3 years Targeted Absolute Return
129.0
Multi-Asset Conservative Growth Real return Cash (3m LIBOR) +3% over 3 years Mixed 20-60% Shares 96.0
Multi-Asset Growth & Income Growth and income IA Mixed 40-85% Shares Mixed 40-85% Shares 374.0
Multi-Asset Global Growth Growth IA Flexible Investment Flexible Investment 80.8
Liberation volatility targeted range
Volatility controlled Distribution Technology profiles 4 to 7
Unclassified 227.4
Income
Conservative growth
Balanced
Growth
Volatility targeted
12
Outstanding performance record
We have a long record of delivering attractive income and strong growth using a robust and
repeatable investment process
Performance source: FE Analytics, taken on a bid to bid, total return, (income reinvested), UK sterling basis, based on the main share class, data to 31.07.2016. Past
performance is not a guide to future returns. Excluding volatility target funds. *Data as at 25.08.2016. 1Sharpe ratio uses cumulative weekly data.
Income & growth funds Strategy
Quartile rankings - 3 & 5 years
Income* Risk-adjusted1 Growth
Premier Multi-Asset Distribution Fund Income 1 1 1
Premier Multi-Asset Monthly Income Fund Income 1 1 1
Premier Multi-Asset Growth & Income Fund Income 1 1 1
Premier Multi-Asset Global Growth Fund Growth N/A 1 1
Targeted absolute return funds Strategy Annualised growth 3 years Annualised growth 5 years
Premier Multi-Asset Absolute Return Fund Absolute return +2.9% +3.9%
Premier Multi-Asset Conservative Growth Fund Low risk growth +3.3% +3.8%
Multi-Asset Distribution, Multi-Asset Monthly Income, Multi-Asset Growth & Income and Multi-Asset Global Growth were top quartile in their peer groups in 2015, 2014, 2013 & 2012
13
Fund and fund manager ratings
Source & Copyright: CITYWIRE. The fund manager is rated by Citywire for his 3 year risk adjusted performance to the date shown on this document. Citywire information may not be copied and Citywire excludes any liability arising out of its use. The Elite RatingTM system is proprietary to FundCalibre Ltd, but should not be taken as a recommendation. Morningstar Ratings do not constitute investment advice. Copyright © 2016 Morningstar. All Rights Reserved. Morningstar rating based on C share class. As at 31.07.2016.
Premier Multi-Asset Monthly Income Fund
Premier Multi-Asset Distribution Fund
Premier Multi-Asset Growth & Income Fund
Premier Multi-Asset Global Growth Fund
Premier Multi-Asset Conservative Growth Fund
Premier Multi-Asset Absolute Return Fund
Our investment philosophy and process
15
Investment philosophy
We manage our portfolios as if we were managing a private client portfolio
Focus on delivering the right investment outcome for each fund, including risk and return
(income and capital growth)
We believe in true multi-asset investing across a broad range of assets, investments, managers
and funds, to increase diversification for clients, improve the risk/return profile of portfolios
and help deliver the best outcomes for customers
We believe that a portfolio of genuine actively managed funds when researched properly will
produce superior results than their passive equivalent
The price paid is nearly always key to a successful investment outcome
Every asset can be risky in isolation and the best way of controlling risk is to diversify
16
Investment approach
Step 1 Client outcomes
The process starts with the fund’s objective
and risk profile
Step 2 A look at the world
Analysis of markets, economies, and politics
Step 3 Asset allocation
A blend of long term core positions mixed
with tactical opportunities Step 4
Structure selection
Open-ended, closed ended, structured
investments
Step 5 Fund and investment
selection
Choosing the best fund managers &
investments using a repeatable, proven
process
Step 6 Active management
Flexibility is key. Portfolios are
monitored and adjusted regularly
Strategic. Tactical. Thematic. A blend of long-term core positions with short-term opportunities.
Investment themes provide tilts within the portfolios.
Introduction to the Premier Multi-Asset Distribution Fund
18
The Premier Multi-Asset Distribution Fund The growing income solution
Multi-asset, multi-manager, multi-structure
Diversified and actively managed portfolio of income producing assets
4.4 % p.a.* yield is top decile in the IA Mixed Investment 20% - 60% Shares sector**
Aiming to grow the income and capital over the medium term
This approach results in:
Less volatility than equity income
More inflation protection than fixed income
More liquidity than property
*Based on class C income shares. The historic yield reflects distributions declared over the past twelve months as a percentage of the mid-market share price of the fund, as at 01.08.2016. The yield is not guaranteed and will fluctuate. **Source: FE Analytics, as at 25.08.2016. Past performance is not a guide to future returns.
19
Internal risk controls - flexible and sensible
0% 20% 40% 60% 80% 100%
Cash
Alternative
Property
Bonds
Equities
Currency exposure: Min. 90% sterling
Overseas equity exposure: Max.20%
Individual holding: Max. 5%
Fund Management Group: Max. 15%
Equities (market cap): Min. 50% large/mid cap
Fixed interest weighting: Max. 50% high yield
Risk controls Investment parameters
MA
X
MIN
M
AX
MA
X
MA
X M
AX
MIN
Investment parameters and risk controls are indicative figures. The fund is typically expected to be managed within these parameters and risk controls and these limits are subject to change. Individual holding and fund management group limits exclude investments in passive funds.
20
Income: What to expect from a good performing fund
All fund data accurate as at 30.06.2016, based on class A income shares. Future income payments are not guaranteed. Past performance is not a guide to future returns.
0
1
2
3
4
5
6
2003 /04
2004 /05
2005 /06
2006 /07
2007 /08
2008 /09
2009 /10
2010 /11
2011 /12
2012 /13
2013 /14
2014 /15
2015 /16
Net
pen
ce p
er s
hare
Financial year ending (28 February)
Discrete income payments 25% growth
21
Fund breakdown – asset class
Equities offer reasonable value and
continue to offer a superior income
stream to gilts
Underweight bonds versus IA Mixed
Investment 20%-60% shares sector
Commercial property remains supported
by good rental growth
Alternatives included to increase
diversification and reduce volatility
Data as at 30.06.2016. Please note that the asset allocation may be above or below 100% due to rounding.
Equities 49.0%
Bonds 34.8%
Commercial property 8.7%
Alternatives 2.5%
Cash 5.1%
22
Fund breakdown – structure
Open ended-funds are our default
option
But will use closed-ended vehicles
and structured investments when
appropriate
Data as at 30.06.2016.
Open Ended Funds 76.2%
Closed Ended Funds 18.7%
Cash 5.1%
23
Equities:
Reliable dividend paying UK equity income
funds form the core of the portfolio
Modest exposure to Europe, Asia, Japan and
emerging markets but nothing in expensive
looking US equities
UK Equity Income 31.9%
European Equity Income 3.8%
Asian Equity Income 3.6%
Emerging Markets Equity Income 3.4%
Japanese Equity Income 3.3%
Fund breakdown – detailed
Data as at 30.06.2016.
Other Equity 3.0%
24
Fund breakdown – detailed
Bonds
Low exposure to gilts and investment grade corporate bonds
Selective high yield & floating rate debt exposure
Interesting opportunities in specialist bond funds including infrastructure and real estate debt
UK Commercial Property
Highly diversified portfolio of open and closed ended ‘bricks & mortar’ and specialist funds
Alternatives
Includes alternative lending which offers attractive income and total return characteristics
Data as at 30.06.2016.
UK Commercial Property 8.7%
High Yield 10.0%
Specialist Bonds 9.6%
Investment Grade Corporate Bond 8.3%
Floating Rate Debt Bonds 3.3%
Emerging Market Debt 2.6%
Gilts 1.0%
Alternatives 2.5%
Outlook and summary
26
Outlook
Quantitative Easing has ‘borrowed’ returns from the future, returns more subdued going ahead
Equity valuations slightly stretched, but supported by attractive yields versus government bonds
Reducing exposure to commercial property; we believe the best of the capital gains are behind us, less room for yield compression
We were early into the asset class and prefer to be early out
Funds from property sales have been deployed to:
UK large caps in Q3 2015 due to more attractive valuations and yields around 4%
Asian equities where more attractive valuations and yields on index above 3.5%
Convertible bonds provide downside protection due to the bond element, while can still participate in equity upside
Emerging market debt where yields have risen to their highest levels since 2012, deeply unloved, fundamentals are improving
Following the vote to leave the EU, we have further reduced property, reduced Asian ex-Japan and Emerging Markets to take currency profits, trimmed investment grade bonds, topped up UK equities, and raised cash
We are being paid to wait
27
Summary
High and reliable income stream
Progressive dividend policy
Focus on inflation protection
Well diversified and actively managed portfolio
Good long-term track record
Focus on growing capital over medium/long term
Transparent investment process and sensible risk controls
Fund unfettered and independent
Appendix
29
The complete portfolio
Data as at 30.06.2016. Please note that the asset allocation may be above or below 100% due to rounding.
Alternatives assets P2P Global Investments (1.0%) VPC Speciality Lending (0.8%) Foresight Solar Fund (0.7%) UK commercial property Secure Income REIT Plc (1.3%) AEW Core Property Income (1.2%) Target Healthcare (1.1%) Picton Property Income (1.1%) GCP Student Living (0.9%) Tritax Big Box REIT (0.9%) Empiric Student Property (0.8%) Medic X (0.8%) Schroder Real Estate Inv Trust (0.7%) Bonds - emerging market debt Fidelity EMD Total Return Fund (2.6%) Bonds - floating rate debt M&G European Loans (2.0%) NB Global Floating Rate Income (1.3%) Corporate bonds - investment grade, high yield & gilts Twentyfour Dynamic Bond (5.0%) Hermes Multi-Strategy Credit (4.2%) Henderson Preference and Bond (3.0%) Pimco Select UK Income Bond (3.0%) Baillie Gifford Corp Bond (OEIC) (3.0%) Royal London Corporate Bond (1.2%)
UK equities Franklin UK Equity Income (5.1%)
Fidelity Moneybuilder Dividend (5.0%) Rathbone Income Fund (5.0%)
Schroder Income (4.9%) Standard Life UK Equity High Inc (4.4%)
Aberforth UK Sml Cos Fund (2.4%) Miton UK Multi Cap Income (1.8%)
Montanaro UK Equity Income (1.8%) S&W UK Equity Income (1.6%)
Europe ex-UK equities
BlackRock European Income (2.2%) Polar Capital European Ex UK Income (1.6%)
Asia Pacific ex-Japan equities Schroder Asian Income (1.8%)
Prusik Asian Equity Income (1.8%)
Emerging markets Charlemagne Magna Emerging Market Dividend (3.4%)
Japan equities
Coupland Cardiff Japan Income & Growth (3.3%)
Convertible bonds Polar Capital Global Convertibles (3.0%)
Bonds - specialist WyeTree Yield Distribution Fund (1.2%)
Starwood European Real Estate Finance (1.1%) GCP Infrastructure Income Ords (1.1%)
Angel Oak Multi Strat Inc (1.0%) CVC Credit Partners European Opportunities (0.8%)
Twentyfour Income Fund (0.8%) Real Estate Credit Investments (0.7%)
UK Mortgages (0.6%) Longbow Senior Secured UK Property (0.6%)
Doric Nimrod Air 2 Ltd (0.6%) Doric Nimrod Air 3 Ltd (0.4%)
GCP Project Finance (0.4%) GCP ‘C’ Project Finance (0.4%)
UK equities 31.9%
European ex-UK equities 3.8%
Asian ex-Japan equities 3.6% Emerging market equities 3.4%
Japanese equities 3.3% Convertible bonds 3.0% High yield 10.0%
Specialist bonds 9.6%
Investment grade bonds 8.3%
Floating rate debt 3.3%
Emerging market debt 2.6% Gilts 1.0%
UK commercial property 8.7%
Alternative assets 2.5%
Cash 5.1%
30
-10
0
10
20
30
29/07/2011 29/07/2012 29/07/2013 29/07/2014 29/07/2015 29/07/2016
-20
0
20
40
60
80
29/07/2011 29/07/2012 29/07/2013 29/07/2014 29/07/2015 29/07/2016
-10
0
10
20
30
29/07/2011 29/07/2012 29/07/2013 29/07/2014 29/07/2015 29/07/2016
-20
0
20
40
60
29/07/2011 29/07/2012 29/07/2013 29/07/2014 29/07/2015 29/07/2016
Multi-asset funds – 5 year performance
Source: FE Analytics, taken on a bid to bid, total return, UK sterling basis. All data to 31.07.2016, based on C share class. Past performance is not a guide to future returns.
Premier Multi-Asset Distribution Fund
Premier Multi-Asset Monthly Income Fund Premier Multi-Asset Conservative Growth Fund
Premier Multi-Asset Absolute Return Fund
Premier Multi-Asset Growth & Income Fund
Premier Multi-Asset Global Growth Fund
51.8%
54.5% 63.5%
20.7%
21.0% 67.8%
Tota
l ret
urn
(%)
Tota
l ret
urn
(%)
Tota
l ret
urn
(%)
Tota
l ret
urn
(%)
Tota
l ret
urn
(%)
Tota
l ret
urn
(%)
-20
0
20
40
60
80
29/07/2011 29/07/2012 29/07/2013 29/07/2014 29/07/2015 29/07/2016
-20
0
20
40
60
29/07/2011 29/07/2012 29/07/2013 29/07/2014 29/07/2015 29/07/2016
31
-20
0
20
40
60
29/07/2011 29/07/2012 29/07/2013 29/07/2014 29/07/2015 29/07/2016
-20
0
20
40
60
29/07/2011 29/07/2012 29/07/2013 29/07/2014 29/07/2015 29/07/2016
-10
0
10
20
30
40
50
29/07/2011 29/07/2012 29/07/2013 29/07/2014 29/07/2015 29/07/2016
-20
0
20
40
60
29/07/2011 29/07/2012 29/07/2013 29/07/2014 29/07/2015 29/07/2016
Volatility targeted solutions – 5 year performance
Source: FE Analytics, taken on a bid to bid, total return, UK sterling basis. All data to 31.07.2016, based on C share class. Past performance is not a guide to future returns.
49.0%
43.8%
Premier Liberation No. IV Fund
Premier Liberation No. V Fund
Premier Liberation No. VI Fund
Premier Liberation No. VII Fund
47.4%
42.7%
Tota
l ret
urn
(%)
Tota
l ret
urn
(%)
Tota
l ret
urn
(%)
Tota
l ret
urn
(%)
32
Glossary
Alternative assets Non traditional investments which could include hedge funds and commodities for example and which are designed to help diversify a portfolio as they tend not to move in the same direction as the stockmarket. Bonds These are like loans to governments/companies in return for a fixed rate of interest. Capital growth The increase in value of your original investment. Caps Refers to a company’s market capitalisation, normally small, mid and large. Equities Another name for company shares. Fixed income/interest Another term used for corporate and government bonds. Floating rate debt These are bonds which do not have a fixed rate of interest. Gilts A bond issued by the UK government. High yield bonds/corporate bonds A bond that provides a higher income, (or yield) but is rated below investment grade bonds as it has a higher risk of default. Historic yield The Historic Yield reflects distributions declared over the past twelve months as a percentage of the mid-market unit price of the fund, as at the date shown.
IA Mixed Investment 20%-60% Shares sector Funds in this sector are required to have a range of different investments. The fund must have between 20% and 60% invested in company shares (equities). At least 30% of the fund must be in fixed income investments (for example, corporate and Government bonds) and/or “cash” investments. “Cash” can include investments such as current account cash, short-term fixed income investments and certificates of deposit. IA sectors To help with comparisons between the thousands of funds available, they are categorised into different groups, organised and reviewed by the Investment Association (IA). Investment grade bond A bond which is considered relatively safe and unlikely to default on its debt repayment obligations and has been assigned a high credit rating. Investment Association (IA) The IA is the trade association that represents the UK investment management industry. Structured products/structured investments A type of product designed to combine the upside in market performance whilst limiting falls and are usually linked to the performance of an index or other underlying asset.
33
General risks
General investment risks There is the potential for loss of your original investment. The degree of investment risk will depend on the fund’s risk profile. We would typically expect investments that are perceived as lower risk to offer less potential for loss but with potentially lower returns, whereas we would expect higher risk investments to generate higher returns albeit with the extra risk of potential loss. However, there are no guarantees as to how a type of asset, sector or region will perform in the future. Inflation could erode the value of returns from your investment. There is a risk that the entire market of an asset will fall, affecting the value of assets and the return on your investment. There is no guarantee that the investment objective of the fund will be achieved. Past performance is not a guide to future returns. The price of shares and any income from them can go down as well as up and there is the possibility of a loss to your original investment. The levels of taxation and of relief from taxation will depend upon individual circumstances. There may be a variation in the performance between funds with similar objectives due to the different assets selected. Performance of a fund will be affected by the fund manager’s investment decisions. If you withdraw part of your investment, or take an income greater than the natural income from, or growth of, your investment, there is a risk that you could get back less than you originally invested.
Charges to capital As the objective of the fund is to treat the generation of income as either an equal or higher priority than capital growth, all or some of the fund’s charges will be taken from capital instead of income. This may result in higher levels of income payments but could result in capital erosion or constrain capital growth. Collective investment schemes This fund may be directly invested in, or have exposure to units in collective investment schemes and can also invest in other collective investment schemes, such as commodity funds, hedge funds and property funds, which could expose the fund to increased levels of risk. Counterparty Some investments are reliant on a specific entity, usually a large bank, to honour its repayment obligations; failure to do so could impact returns. Credit If the issuer of a security held within the fund is unable to make income payments or repay its debt. Currency Where investments are denominated in currencies other than sterling, changes in exchange rates may cause their value to rise or fall. Derivatives This is a financial contract whose value is related to the value of an underlying asset or index, often used with the aim to manage risk or enhance returns, and whilst their use is not necessarily expected to increase risk within a fund, they could expose the fund to higher levels of volatility from time to time.
34
General risks continued
Multi-Asset Funds As a multi-asset fund, this fund will have exposure to a wide range of different assets, investment types and geographic regions, which could include equities, bonds, alternative assets and property, all of which carry specific risks that could impact on returns. Operational Occasionally processes fail. This is more likely to happen with more complex products or investments in overseas markets, such as emerging market countries, which may not have the same level of safekeeping, infrastructure or controls as more developed markets. Structured investments These are investments which are usually linked to the performance of one or more underlying instruments or assets such as market prices, rates, indices, currencies and commodities and other financial instruments that may introduce significant risk that might affect returns.
Emerging markets Some overseas markets typically carry higher risk than more established and developed overseas and domestic markets. Equities As an asset class, equities can experience higher levels of fluctuation than bonds or money market securities. Fixed interest securities This type of asset, which includes bonds and gilts, is particularly affected by movements in interest rates. If interest rates rise, their price may fall, and vice versa. Inflation Fixed interest securities, such as bonds, are particularly affected by trends in interest rates and inflation. Interest rate Where the fund has exposure to fixed interest securities such as bonds, these are particularly affected by trends in interest rates and inflation. If interest rates go up, the value of capital may fall, and vice versa. Legal/Tax Arising from a change in legal/tax regulations or the application of them. Liquidity During difficult market conditions, some securities or larger holdings may become more difficult to sell quickly at a desired price. Market The risk of a fall in price of a particular asset type.
35
Risk of investments Past performance is not a guide to the future. The price of shares and income from them may go down as well as up and you may get back less than you invested. Movements in exchange rates may also affect the value of the investment. Please remember that these investments are typically intended as either medium or long term investments. Reference to any particular stock does not constitute a recommendation to buy or sell the stock.
Disclaimer Whilst every effort has been made to ensure the accuracy of the information contained within this presentation, we regret that we cannot accept responsibility for any omissions or errors. The information given and opinions expressed are subject to change and should not be interpreted as investment advice. Persons who do not have professional experience in matters relating to investments should not rely on the content of this presentation.
All data sourced to Premier Asset Management unless otherwise stated.
A free, English language copy of the Fund’s full prospectus, Key Investor Information Document and Supplementary Information Document are available on the Premier website, www.premierfunds.co.uk or by calling us on 01483 306090. For your protection, calls may be monitored and recorded for training and quality assurance purposes.
Source: FTSE International Limited (“FTSE”) © FTSE 2015. “FTSE®” is a trade mark of the London Stock Exchange Group companies and is used by FTSE under licence. All rights in the FTSE indices and / or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and / or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.
Source & Copyright: CITYWIRE. The fund manager is rated by Citywire for his 3 year risk adjusted performance to the date shown on this document. Citywire information may not be copied and Citywire excludes any liability arising out of its use.
The Elite RatingTM system is proprietary to FundCalibre Ltd, but should not be taken as a recommendation. Copyright © 2016 Morningstar. All Rights Reserved.
The methodology and calculations used by the companies or organisations that provide the fund or fund manager awards and ratings are not verified by Premier Asset Management and we therefore are unable to accept responsibility for their accuracy. Ratings and awards should not be relied upon for making an investment decision, nor are they an indication, promise or guarantee of future performance of a fund or fund manager.
Issued by Premier Asset Management. ‘Premier Asset Management’ and ‘Premier’ are the marketing names used to describe the group of companies which includes Premier Fund Managers Limited and Premier Portfolio Managers Limited, which are authorised and regulated by the Financial Conduct Authority of 25 the North Colonnade, Canary Wharf, London E14 5HS. The registered address of both companies is Eastgate Court, High Street, Guildford, GU1 3DE. Premier Portfolio Managers Ltd is registered in England No. 1235867. Premier Fund Managers Ltd is registered in England No. 2274227. 06091611645
Tel: 0333 456 9033
Email : info@premierfunds.co.uk
www.premierfunds.co.uk
Important Information