Offshore Funds Disclaimer

The opinions expressed herein are not intended to serve as authoritative investment advice and should not be used in substitution for the exercise of own judgement. Old Mutual Guernsey (OMG) accepts no liability whatsoever for any direct, indirect or consequential loss arising from the use of this document. Old Mutual Guernsey has its principal office at Fairbairn House, P.O. Box 121, Rohais, St. Peter Port, Guernsey, GY1 3HE, Channel Islands. It is licensed to write long term business under the Insurance Business (Bailiwick of Guernsey) Law 2002.  The statutory functions of regulation under the legislation are carried out by the Guernsey Financial Services Commission.

 

 To protect policyholders the Insurance Business (Licensing) Regulations, 2002 requires Old Mutual Guernsey to hold assets representing at least 90% of policyholders liabilities in trusteeship with an approved third party trustee. Old Mutual Guernsey is the name under which Old Mutual Life Assurance Company (South Africa) Ltd - also known as Old Mutual - is trading in Guernsey. The registered office of Old Mutual Life Assurance Company (South Africa) Ltd is located at Mutualpark, Jan Smuts Drive, Pinelands, 7405, Cape Town, Republic of South Africa.

 

This bulletin does not constitute an offer nor a solicitation to anyone in any jurisdiction in which an offer is not authorised or to any persons to whom it is unlawful to make such an offer or solicitation. All funds offered through OMG are unit-linked life funds and, as such, are available only through registered offshore life products. Four funds taxation and Capital Gains Tax applies. For further details on these products please contact OMG at its address above or visit our website at www.oldmutualinternational.com. The price of shares/units and any income from them may fall as well as rise. Past performance is not necessarily a guide to the future and investors may not get back the full amount invested. When a subscription involves a foreign exchange transaction, it may be subject to the fluctuations of currency values.

 

Exchange rates may also cause the value of underlying overseas investments to go down or up. It should be noted that investments within the fund may not be readily marketable. It may therefore be difficult for an investor to sell his/her investment in the fund or obtain reliable information about its value and the extent of the risks to which it is exposed. The fund is involved in highly specialised forms of investment and involves risk and transaction costs not normally associated with standard investments in securities. Trading investment interests is speculative and volatile. To achieve a Manager’s performance objectives, the applicable fund(s) may make investments that may be considered speculative and may involve substantial risk of loss.  OMG is the investment manager of the fund, to which NFB has been retained as investment advisor. Investors can only access the fund through OMG's authorised life products and any contract will be between the investor and OMG.