Global Equity Trust Hedged to AUD Now Available
BNP Paribas Asset Management Australia (‘BNPP AMAU’) are delighted to announce the launch of the BNP Paribas C WorldWide Global Equity Trust (Hedged) (‘Trust’). This Trust is the first in a series of new offerings to the local market in the coming weeks.
Following the launch of BNP Paribas C WorldWide Global Equity Trust in 2013, BNPP AMAU is now offering Australian investors an AUD hedged version of this concentrated global equity strategy.
The Trust offers exposure to an unconstrained, concentrated portfolio of global equity securities managed by C WorldWide Asset Management (‘CWW’), with a currency hedging overlay strategy that aims to reduce the impact on the Trust of movements in foreign currency exchange rates.
Recommended Rating From Zenith
The Trust has received a ‘Recommended’ rating from Zenith Investment Partners (August 2021)
BNP Paribas Asset Management’s Commitment to Sustainability
Both the BNP Paribas C WorldWide Global Equity Trust and the hedged Trust are aligned with BNP Paribas Asset Management’s company wide Global Sustainability Strategy in their adherence to a rigorous Responsible Business Conduct (‘RBC’) Policy.
The RBC Policy sets responsible business conduct standards including following investment screens such as the United Nations Global Compact principles and OECD Guidelines for Multinational Enterprises, and guidelines relating to investments in sensitive sectors. Such sectors currently include palm oil, wood pulp, mining activities, nuclear, coal-fired power generation, tobacco, controversial weapons, unconventional oil & gas and asbestos.
Key Trust Characteristics
Name: BNP Paribas C WorldWide Global Equity Trust (Hedged)
APIR: ETL3560AU
Benchmark: MSCI All Country World Index, incl. net dividends, hedged to AUD
Minimum Investment: $25,000
The investment objective of the Trust is to achieve long-term capital growth exceeding the return of the market by investing in global equities. The Trust’s exposure to foreign currencies will be reduced through the aforementioned passive hedging strategy. The Trust aims to generate excess returns relative to the Benchmark over a 3 year period, before taking fees and expenses into account.
The Trust offers a unique long-term investment approach that combines stable growth companies with thematic driven stock picks. A concentrated portfolio of 30 stocks enables C WorldWide Asset Management to focus on a select group of investment ideas. The Trust’s management fees and costs are 1.02%.
The Trust is designed for investors seeking capital appreciation over the longer term by investing in companies CWW believes will have superior growth prospects and returns, with foreign currency exposure substantially hedged back to Australian dollars.
Equity Trustees Limited (“Equity Trustees”) ABN 46 004 031 298 | AFSL 240975 is the Responsible Entity for the BNP Paribas C WorldWide Global Equity Trust (Hedged) (ARSN 641 505 982) (“the Trust”). Equity Trustees is a subsidiary of EQT Holdings Limited ABN 22 607 797 615, a publicly listed company on the Australian Securities Exchange (ASX: EQT). BNP Paribas Asset Management Australia Ltd (“BNPP AMAU”) ABN 78 008 576 449 | AFSL 223418 is the investment manager of the Trust. This publication has been prepared by BNPP AMAU to provide you with general information only. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any particular person. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. Neither BNPP AMAU, Equity Trustees nor any of their related parties, their employees or directors, provide any warranty of accuracy or reliability in relation to such information or accept any liability to any person who relies on it. Past performance should not be taken as an indicator of future performance. You should obtain a copy of the Product Disclosure Statement (PDS) before making a decision about whether to invest in this product. The PDS can be obtained from http://www.bnpparibas-am.com.au or from your adviser.
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned BNP Paribas C WorldWide Global Equity Trust (Hedged) 31 August 2021) referred to in this document is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners.com.au/RegulatoryGuidelines
