Thoroughbred Education Fund
As at 31 October 2008
Investment Strategy
-
A medium risk investment with the potential for greater returns than
regular savings accounts or term deposits
-
Recommended minimum investment time frame 5 years
-
Invests in a diversified mix of New Zealand and International
investments (cash, bonds, property, and shares)
| Net Past Performance p.a. |
| 1 Year |
-15.96% |
| 2 Years |
-4.20% |
| 3 Years |
5.91% |
|
Investment returns are
reported pre-tax and after management fees. On 1 October 2007, the
Multi-Sector Unit Trusts elected to become portfolio investment entities
(PIES). Returns for these funds prior to 1 October 2007 have been
recalculated on a pre-tax basis to provide a consistent base.
|
Minimum Deposits & Withdrawals
| Regular Savings: |
$12.50 per week or $25 per fortnight or $50 per month |
| Lump Sum Deposits: |
|
Initial |
$1000.00 |
|
Additional |
$500.00 |
| Minimum Withdrawal: |
$500.00 |
Fees
| Investment |
Entry |
Exit |
| 1.55% |
Nil |
Nil |
All other fees, expenses, costs and charges in relation to the Education
Fund are included in the Investment Fee.
For an application, or for more information,
e-mail us, call
0800 656 888 or visit any branch of The National Bank. A copy of the
Thoroughbred Education Fund Investment Statement is available as a
PDF or call 0800 656 888.
You'll need Adobe Acrobat Reader to read the PDF version.
If you don't have it, don't worry - it's free. Just follow this link
to the Adobe site to download a copy.
The returns quoted represent past performance and are not a guarantee of
future performance. Net returns are calculated after the deduction of
expenses and provisions for tax. ING Managed Funds (NZ) Limited is the
issuer/manager of the Thoroughbred Education Fund. The National Bank of
New Zealand, part of ANZ National Bank Limited is the distributor. Units
in the Fund do not represent deposits or other liabilities of ANZ
National Bank Limited. Units are subject to investment risk, including
possible delays in repayment and loss of income and principal invested.
No member of the ANZ National Bank Limited Group, Public Trust or any
other person guarantees (either partially or fully) ING Managed Funds
(NZ) Limited and its subsidiaries or the capital value or performance of
any products issued by them. Applications for investment will only be
accepted on the Application form contained in the Investment Statement.
Asset allocations are subject to change.