The CoreGrowth Fund is a long-term investment portfolio which aims to provide steady growth with substantial guarantees.
The underlying assets are invested in a portfolio consisting of a balanced mix of equities, interest bearing assets and property with greater weighting to asset classes expected to provide good real returns over time.
The investment returns earned on the underlying portfolio are smoothed and passed on to investors by way of a final bonus declared monthly in advance.
Although there is an underlying degree of stability in the smoothing process, the bonus rate may vary up or down relative to a particular month’s investment performance.
The bonus rate is declared gross of investment charges and retirement fund tax.
The 100% guarantee option is fully guaranteed i.e. all capital and bonuses are guaranteed.
The 95% vesting option guarantees 95% of the investment i.e. 95% of capital and bonuses are guaranteed. This means that at any time 5% of the investment is non-vested.
Similarly the 90% guarantee option guarantees 90% of the investment, with 10% of the investment at any time being non-vested.
Functionality
- Market volatility is removed through smoothed bonuses.
- Bonus rates are declared monthly in advance.
Key Features
- The client chooses 90%, 95% or 100% of all capital and bonuses on benefit payment.
- Distributes investment earnings by way of smoothed bonuses.
- Diversified underlying portfolio.
- Long term real return.
Value add to clients
Members have the choice of whether to switch out of the fund or not. Peace of mind due to:
- Investment values that grow at a competitive smoothed return.
- Full or partial guaranteed investment.
Performance-related information
Brochures and Fact Sheets
Disclosure and Governance