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Global EquityShare Portfolio
Navigate by Glacier International
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Investing with Glacier International
What are your needs?
About Navigate
Navigate Global Equity Share Portfolio
Why invest in a managed share portfolio?
Sanlam Private Investments (UK) Ltd
Investment approach
Investment principles
Valuations
Risks | Minimums | Fees
Contact details
Glacier International is a specialist division within
Glacier by Sanlam which provides South African
investors with direct international investment
opportunities designed and structured around their
needs. There is a wide range of investment choices
across a number of foreign currencies, and investments
can also be structured to provide estate planning
advantages and tax efficiencies, coupled with high
levels of liquidity (access to your investments) and
consolidated reporting.
Glacier International is a division of Glacier Financial
Solutions (Pty) Limited, a wholly-owned subsidiary of
Sanlam Life Limited, and a licensed Financial Services
Provider in South Africa.
Investing with Glacier International
4You understand what the benefits of investing
internationally are: the valuations of international
companies relative to those in South Africa, the
opportunity to invest in companies not available in
South Africa, and especially portfolio diversification
and hedging against currency depreciation and
political and economic risk.
The world of international investments can, however,
be a daunting one – one of too many investment
choices, unfamiliar fund managers and unfamiliar
investment procedures.
What you are looking for, is some help to navigate the
options that you face.
What are your needs?
A highly-guided list of investment choices to help
simplify international investments: actively-managed
funds selected from local and international companies
with strong histories and performance records, and a
global equity share portfolio of leading companies.
Investment options in the Navigate range are grouped
together in Cautious Growth, Moderate Growth and
Global Equity profiles, to assist selection of the most
appropriate options for a client.
The Global Equity profile includes a discretionary
(managed) global equity share portfolio for clients
who prefer to invest in global companies directly,
About Navigate
6Invest directly into some of the world’s leading
companies through the Navigate Global Equity
Share Portfolio, a focused and managed portfolio of
individually held stocks.
The portfolio focuses on companies only, and invests
in 20 – 25 shares. It does not hold any other asset
classes, such as bonds, cash or property.
Glacier International has selected Sanlam Private
Investments (UK) to manage the Navigate portfolio of
global shares. They will be responsible for making all
day-to-day investment decisions.
Navigate Global Equity Share Portfolio
The complex nature of the current global investment
environment makes it increasingly important for
investment managers to respond to changes quickly.
Managed portfolios benefit from the on-going attention
of a senior and experienced investment manager. This
manager makes the most of opportunities as they
arise, instead of making changes only at a given review
date, when market conditions may be less favourable.
Allowing an investment manager to manage your
portfolio will not result in unnecessarily high levels
of dealing activity; an experienced manager will
recognise when taking no action would be the most
appropriate thing to do.
Why invest in a managed share portfolio?
8Sanlam Private Investments (UK) Ltd is a private
client investment management specialist with offices
in Bath, Harrogate, Kirkby Lonsdale, London, Marlow,
Newcastle and Sevenoaks.
They are a trusted financial services firm, with an
excellent reputation for administration and compliance,
working to provide the highest standard of service to
all their clients.
Sanlam Private Investments (UK) Ltd
Kirkby Lonsdale
Newcastle
Harrogate
MarlowBathLondonSevenoaks
Sanlam Private Investments (UK) manages
investments actively. They invest with confidence,
backed by thorough and disciplined research and a
sensible approach to risk control. They seek to add
real value to clients in a world of low returns combined
with episodes of volatility.
They believe that markets continually offer
opportunities of which investors can take advantage.
Because markets are driven as much by human
emotion as they are by logic, assets can become
incorrectly priced – presenting good investment
opportunities.
They are driven to find quality investments with a good
management track record, good cash generation,
positive shareholder focus, balance sheet strength,
predictable growth, capital security and the ability to
provide dependable returns.
Investment approach
10Investment principles
Portfolio construction is focused on four
strategies:
• Avoid value traps, but buy good quality
businesses at a fair price
• Keep good quality businesses for the long term
• Don’t overtrade the portfolio, to minimise
transaction costs
• Concentrate on 20 - 25 shares
These investment principles should deliver a
portfolio that consists of high quality businesses
with the potential to grow profits faster over time
than the market. Typically, these will include
companies focusing on long-term growth
industries, such as healthcare, technology
(including media and software) and consumer
goods.
Your portfolio will be invested in carefully
selected businesses with at least one of the
following:
• A strong balance sheet (strong financial
position)
• A high cash return on assets
• Relatively low capital requirements, allowing the
business to generate cash while growing
• High market share in their principal product or
service lines
• Consumer goods bought frequently that stay in
demand for a long time
Your portfolio will own businesses with
management teams that:
• Buy back stock
• Maintain high returns on capital
• Make acquisitions to ensure above-average
long-term growth
We aim to provide you with all the information you
need to monitor your investment, while involving
you in a minimum amount of administration.
Half-yearly valuation reports showing the
progress of your investments will be sent within
25 days of the end of the period.
As part of our administration service, we
collect all dividends and interest payments
due to the portfolio. There is no need for you
to retain individual dividend statements for
tax purposes. We also deal with any corporate
actions (such as takeovers and reorganisations)
of the companies in which you hold shares, and
exercise conversions, subscriptions and voting
on your behalf.
SPI’s online valuation service will be made
available to you, enabling you to view your
investment portfolio on a daily basis. This service
will also be available to your intermediary.
Valuations
12Risks | Minimums | Fees
Risks
Financial markets fluctuate daily and
investments in direct equities are linked to the
markets. The performance of the investment
can therefore not be guaranteed, as markets
may go through periods of volatility and are
unpredictable by nature. This means that there
is a possibility that you may lose capital.
Minimum Investment Amount
The minimum investment amount for this share
portfolio is USD150,000.
Fees
The annual investment management fee is 1.2%
(excluding VAT).
The administration fee for Navigate by Glacier
International is 0.3%.
A full schedule of fees is available on request.
Contact details
This brochure is intended for use by clients, alongside
their intermediaries.
For more information, please speak to your
financial intermediary, visit our website at
www.glacierinternational.com or contact our
Communication Centre on:
Tel: +27 21 917 9002
Fax: +27 21 947 9210
Email: clientservices@glacierinternational.co.za
© 2014 Glacier Financial Solutions (Pty) Ltd, A member of the Sanlam GroupReg No 1999/025360/07 Licensed Financial Services ProviderTel: +27 21 917-9002 | Fax: +27 21 947 9210 | clientservices@glacierinternational.co.za
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