Contact   EN   中文
Club Suisse - Newsletter
   
   
 
 
About Us
SwissPlusAccount II
Our Services
Club Suisse
Member Logon
Initial registration
Client referral program
Newsletter
Careers
Help
 
<< previous



•
Fortis L Fund Equity Latin America is an equity fund that invests primarily in the equities or other securities of companies registered or operated within the region of Latin America and their financial derivative instruments.
  
 
•
The funds may invest in derivatives (up to 100%) and structured investment products, such as credit default swaps and Collateralized debt obilgations. These types of investments can involve material additional risks, for example counterparty default risk or insolvency, and may expose the funds to significant losses.
  
 
•
The fund has significant exposure to emerging markets and single countries, and is likely to be subject to a higher than average volatility. Emerging markets may have higher legal, regulatory and political risks.
  
 
•
You should not invest in the fund unless the intermediary who sells it to you has advised you that the fund is suitable for you and explained how it is consistent with your investment objectives.
  
 
•
Please refer to the Prospectuses and Hong Kong Covering Documents for further information (including the risk factors) about the funds.
  
       
   
 
Strong Economic Growth in Brazil
The 2016 Olympics at Rio de Janeiro and 2014 World Cup will further stimulate economic growth
•
With the winning of 2016 Summer Olympics, Brazil may further stimulate its economic growth by stepping up the construction of infrastructure and attracting the inflow of foreign capital.
•
In preparation for the hosting of the 2016 Olympics, Brazil plans to invest USD11 billion in infrastructure construction. This move will significantly increase the demand for iron and steel products and fuel the development of public transport and the oil industry.
•
According to a study conducted by the Business College of the University of São Paulo on the Ministry of Sports of Brazil, USD51.1 billion will be injected into Brazil’s economy by 2027 due to the hosting of the Olympics and as a result, 120,000 jobs will be created every year up to 2016.
 
     
 
Brazil will likely become one of the major oil producing countries in the world
•
Since November 2007, numerous oilfields have been discovered along the seabed of Rio de Janeiro in Brazil. The government estimated that the oil reserve in the whole basin will reach 80 billion barrels.
•
The mega oilfield Tupi has an estimated oil reserve of 5 billion to 8 billion barrels and is the largest oilfield discovered in South America since 1976.
•
In 2008, OPEC invited Brazil to join the organization.
 
     
 
Brazil is rich in resources and is set to benefit from the global economic recovery
•
Brazil is the largest country in Latin America. Its ouput and export of mineral resources rank the first and third in the world respectively.
•
Brazil is rich in mineral resources, such as iron, uranium, aluminium, manganese, oil, natural gas and coal.
•
Besides key base metals, Brazil is one of the major countries producing soft commodities such as coffee beans, soybeans and beef.
•
In view of the global economic recovery, increase in the demand for resources and the rise in commodity prices, we continue to favour Brazil which is rich in natural resources.
 
     
 
With an improving economy, Brazil becomes one of the top ten economies in the world.
•
Morgan Stanley forecasts that Brazil, being one of the top ten economies in the world today, will become one of the top five economies in the world by 2016.
•
The surge in commodity prices in recent years and the strong demand for commodity exports have enabled Brazil to accumulate a huge amount of foreign exchange reserves, and drastically improve its financial strength.
•
The GDP in the second quarter of 2009 grew by 1.9% from that of the previous quarter. Economists forecast that Brazil’s GDP may grow by 1% this year and the growth will accelerate to 4.5% to 5% next year.
•
Following Standard & Poor’s and Fitch Inc., Moody’s Investors Service,
Inc. in the US raised Brazil’s sovereign credit rating to investment grade in September 2009, and indicated that the rating may be raised further, citing that Brazil’s economy has been resilient during the global financial crisis.
 
     
  Investing in FLF Equity Latin America may benefit from the continued uptrend in Brazil’s equity market  
 
•
Most of the industries in Brazil have persistently strong fundamentals and a higher than average profit growth, and in turn an attractive valuation.
•
FLF Equity Latin America has one of the longest histories among its peers in the market, and invests in Latin American countries such as Brazil (67%)*, Mexico (22%)*, Chile (4%)* and Peru (4%)*. Investors may participate in the performance of the equity markets in Brazil and different regions in Latin America at the same time. (* as of 30/09/2009)
•
This fund is an active funds, and emphasize fundamental analysis and an investment strategy that combines top-down and bottom-up approaches.
•

Four core elements are taken into account when selecting stocks, namely growth, profitablity, corporate governance and treatment of minority shareholders and valuation.

 
 
 
 
  An Investment Team with Extensive Experience  
 
A global team covering the emerging markets
Numerous emerging market investment centres are located all over the world, including St. Petersburg, Istanbul, Jakarta, Mumbai, Shanghai and São Paulo in Brazil, and we are one of the pioneers in the asset management industry in these cities.
 
     
 
Localized investment professionals
The fund managers and analysts stationed locally have numerous years of experience in analyzing local industries and companies. They can identify stocks that are undervalued but have catalysts and potentials by studying their fundamentals so as to achieve the objective of capital appreciation.
 
     
  Target Investors  
 
The target investors of the funds are investors who seek a substantial potential return by participating in the performance of the equity markets in Brazil or Latin America through fund investment and who can tolerate the high risk in the emerging equity markets.
  
     
  Fund Profile  
 
  Fortis L Fund Equity Latin America
Annualized Total Return
 17 April 2000
Volatility
 The fund invests primarily in local stocks that can capture Latin America’s strong growth potential.
Correlation
 MSCI EM Latin America 10/40 Net Return Index
Emerging Market Bonds
 USD/Euro
US High Yield Bonds
 Open-ended
US Treasuries
 Classic
Global Bonds
 Up to 5%
Exit fee
 No
Management fee
 1.75% p.a.
Domicile
 Luxembourg
Authorized status
 SFC authorized fund**
Trading frequency
 Daily
 
     
  Important Notes  
 
This document has been prepared solely for informational purposes and does not constitute 1) an offer to buy or sell or a solicitation of an offer to buy or sell any security or financial instrument mentioned in this document or 2) any investment advice. Investment involves risks. Investments in emerging markets involve above-average risk. Any decision to invest in the securities described herein should be made after reviewing the most recent version of the offering document, which can be obtained free of charge from Fortis Investments*. Moreover, prospective investors should conduct such investigations as the investor deems necessary and should seek their own legal, accounting and tax advice in order to make an independent determination of the suitability and consequences of an investment in the securities. The opinions contained herein are subject to change without notice.
 
Past performance is not indicative of future performance.
 
You must not disclose this document or the information contained in this document to third parties or duplicate or use this document or such information for any purpose other than the purpose for which Fortis Investments has provided this document to you.
 
Although the information provided in this document has been obtained from sources that Fortis Investments believes to be reliable, it has not been independently verified. Fortis Investments does not make any guarantees, representations or warranties and accept no responsibility or liability as to its accuracy or completeness.
 
This material has not been reviewed by the Securities and Futures Commission.
 
For enquiries, please mail to fortisfunds@fortisinvestments.com
**
The fund has been authorised by the Securities and Futures Commission in Hong Kong but such authorisation does not imply official recommendation.
***
Fortis Investments is the trade name for all entities within Fortis Investment Management group. This document is issued by ABN AMRO Asset Management (Asia) Ltd, 30/F, Three Exchange Square, 8 Connaught Place, Central, Hong Kong, which is part of the Fortis Investment Management group.
 
   
top