pension - New Ireland Assurance

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OUR INVESTMENT PARTNERS About New Ireland Established in 1918, New Ireland Assurance was the first wholly Irish owned life assurance company to transact business in the country. A wholly owned subsidiary of Bank of Ireland since 1997, New Ireland is one of Ireland's largest life assurers, providing a comprehensive range of investment, protection, savings and pensions products. New Ireland has evolved and grown over what is nearly a century of business to ensure that our clients' changing needs are always met through a quality, professional service. Headquartered in Dublin, New Ireland Assurance employs over 1,000 people throughout Ireland. Since its launch in 2001 and in conjunction with our investment partners, we have won 17 of MoneyMate's Investment Fund Awards. In today's investment market investors have many different needs and wants. To ensure that we can meet this array of needs we have chosen a range of investment partners that combine different strengths which present a robust investment offering such as a choice of investment styles, from active to passive investing across asset classes, countries and sections. These partners include: State Street Global Advisors (SSgA), Bloxham, Kleinwort Benson Investors and BNY Mellon Asset Management. State Street Global Advisors State Street Global Advisors (SSgA), the asset management business of State Street Corporation, established its 10th investment centre, State Street Global Advisors Ireland Limited, with the acquisition of Bank of Ireland Asset Management in January 2011. State Street Global Advisors is a global leader in asset management relied on by sophisticated investors worldwide for their disciplined investment process, powerful global investment platform and access to every major asset class, capitalization range and style. SSgA is the asset management business of State Street, one of the world's leading providers of financial services to institutional investors. Bloxham Bloxham is an independent financial services provider that has been operating in Ireland for over 100 years. Bloxham's Wealth Management division was set up in 2000, and aims to add value for investors through objective analysis and innovative strategic thought. Bloxham manages a number of funds available to New Ireland including Trilogy II, Discovery, Bloxham High Yield Fund and Bloxham Geared High Yield Fund. Kleinwort Benson Investors Kleinwort Benson Investors (formerly KBC Asset Management) is known for developing and managing a diversified range of unique investment products for both Irish and international clients. The company has a global client base with clients located in Ireland, US, Canada, UK, Japan, Korea, and Taiwan. The company is part of the RHJI Group and is a sister company of Kleinwort Benson, the UK financial services institution with roots dating back to the 1850s. RHJI is publicly listed on the Brussels Euronext stock exchange and has offices in Tokyo, Brussels, Zurich, London and New York. BNY Mellon Asset Management BNY Mellon Asset Management is a global investment leader. The company operates a multi-boutique model with a number of expert boutique investment managers. This allows BNY Mellon to benefit from international scale yet harness the skill of world-class specialists, including for example, Newton Investment Management. Each investment manager employs their own unique investment philosophy and proprietary investment management process and each are leaders in their field. The BNY Mellon structure provides these boutique investment managers with access to the resources and financial backing of a global investment firm. This allows them to stay ahead of market trends and to be at the forefront of investment management. BNY Mellon Asset Management is represented internationally with offices based in major financial centres throughout the globe. 4
HIGHLIGHTED FUND FOR QUARTER 1 - ELEMENTS (PENSION) – 2 YEARS ON “We Elements define recently risk as passed losing its money second for birthday our clients” having Mr By Continuous default, development a passive or and consensus refinement type of the offering Elements will With James achieved over Harries, a €65m very Fund solid invested Manager, return in for just BNY investors. over Mellon. 6 Up months, to the end our period subsequently portfolio has - already including hold increased a the similar addition as weighting. early of growth some However in new the asset fund with Protected We have recently Assets Fund launched is one a new of the fund fastest in conjunction growing has financial seen stocks the protection leading level the rise decline to 95.3% in global (as of equities June 2011 of March clearly 2012, illustrated the fund again, returned just in how excess volatile of +10.6%* markets • classes If equity e.g. markets Emerging fall Markets in value equity then typically with dividend the value bias funds in the Irish market. 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We have • A passive investment approach their investor cautious fair value. close by nature, to retirement. especially in today’s world. can within equity all learned from the past that funds offering protection in • be fund this Benefit purchased would fund, typically of dividends will and depend no have constraint a by linking upon risk of the between of to total amount relative 17% return of When • we Returns launched - continues our BNY Mellon the successful Global Real strategy Return Elements may be a solution for these investors as of it Unlimited income benchmarking! and 20% indices that per growth the annum. fund potential This can risk - generate there limit are obliges from no limits the selling manager or any a Fund volatile in March high market yield 2010 typically equity we wanted investing have to to move bring an a large international call The Our aims new fund to actively Protected not constrained manage Assets investment Fund by its provides benchmark risk by amount a limiting new (the restrictions the upside growth potential for clients of of fund MSCI option clients’ • manager Risk World for money reduction to pension into the Irish Index) investors safe – risk market assets management and simply as such with a selects they as proven approach cash strategy with track to options. to pay • attention A Hence dynamic to the market investment level developments of protection strategy, will and with vary sell explicit riskier on a a record exposure in to reduce absolute riskier assets. Overall the strategy of the fund is structured such that the the return risk that investing, comes with from a investing the clear most and in the quarter assets Protected by downside if and quarter Assets when protection basis. necessary. Fund. 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In if funds, a markets major similar the bouts fall. vein, fund of the looking • No for cap a single on upside investment growth or for a fund to act as volatility concerned or risk with within short the term core. market risk, Elements goes a managers becoming Growth volatility in - are precluded growth investment motivated potential from markets. to any compete for upturn clients Notable against or causes recovery the either Fund were an in part of an overall portfolio. This truly unique new fund the comes fund’s from exposure exposure to to five Hong mainstream Kong-listed global stocks stock is Summary step • further Return by keeping linked an to eye the on more performance immediate of term 5 index markets. the 1. Stock Japanese or indeed selection earthquake, each process other. tsunami As a result, and at the times resulting fund can act as mainstream the foundation global or stock-market core part of indices. any pension or driven market by indices*, the cheap namely quality Eurostoxx stocks 50 we (50%), find there S&P 500 and So investment (tactical) how has developments all of this theory portfolio. and responding worked reality? appropriately Over the in managers nuclear incident, may lose the sight loss of whether its triple an A status investment by the is The not (25%), Protected by FTSE its weight 100 Assets (10%), in Fund the Nikkei is benchmark linked 225 to (10%) the – performance incidentally and MSCI calendar The an attempt issues year facing Protected to of Assets dampen 2011 many the Fund the investors fund is impact produced are available of to across extreme a try positive to achieve the market return attractive New Spotlight’s Emerging USA, The fund a slowdown in invests valuation in recent Markets in around terms exposure (5%). growth as 40-45 they The within large focus Hong Fund major global upon Kong aims developed relative stocks stocks take reasonable of of five mainstream global stock market indices, namely was Ireland * moves. 2%* with The indices product Facilitating returns a volatility whilst and platform relative this of and exposure active at 6.2%*. the suitable response same This compares time to for each both index single to reducing market very and cand almost advantage economies which not pay absolute out and higher valuation! double of the than its exposure both ongoing average Clients dividend yields. The the to Swiss growth crisis are in no stocks. and the longer income eurozone. willing unnecessary favourably risk within portfolios. We believe that Eurostoxx be varied at any time. opportunities fund accept seeks a 50 claim out (50%), offered of stocks outperformance S&P from which 500 exposure (25%), are by FTSE in only to a being company 100 position (10%), down regular developments with premium is the products. important Consensus The – hence fund, fund is the a fair daily focus proxy priced on for liquid the Against this volatile background, Elements sought to new average Bloxham managed Defensive fund, which High produced Yield Fund a negative will with help -2.7 Nikkei 18% shares progressively in 225 value by including (10%) when grow and the their market MSCI benefits dividends Emerging is down from over 20%! dividends. Markets the medium (5%). The n investments o minimum lock and in the period, capacity and offers to a make unique agile solution and The protect fund investor manager capital achieves from this the portfolio worst positioning declines and by in %* vestors over the achieve same this period aim with on a medium volatility term of 10.2%*. basis. Since The importance term. percentage Dividends of can exposure dividends be an indicated important should was source never at of time return be to ** meaningful For act as the the Protected asset foundation allocation Assets or core changes. Fund, part the of The Governor any fund’s pension and asset The or working The importantly underestimated. BNY closely Mellon allowed with Global Dividend the them Real research to Return benefit payments team Fund during distilling benchmark periods can a list of ninception ew fund in could March be 2010 used the as fund the has core produced component a return ais of a Company of the Bank of Ireland is the current provider launch from investing and this in equities. can vary. For The example, fund between aims to 1950 take investment portfolio. Full details of the Protected Assets of significant thoroughly contributor researched to investors' investment long ideas term returns. into a of diversified of allocation 11.67%* is the protection portfolio versus driven Consensus by valuation to New offering Ireland. investors return and risk, of New Ireland exposure 4.16%*, it is therefore will to with pass high a to recovery. achieve an absolute return of 4% above cash advantage and 2010, of dividend both the income growth accounted and income for opportunities 44% of the Fund little unconcerned over portfolio of high conviction stocks offering an attractive on quality the are full global available half by the peer volatility. value equities. of the from group amounts your positioning. More Broker it information receives Consultant from about Bank or in of the (Euribor) over 3 to 5 year rolling periods. It aims to the offered total return from these of indices S&P500 which * . Another are total advantage return indices of fund Ireland brochure to investors. available If for on www.newireland.ie any reason Bank of Ireland risk-reward achieve The nimbleness this Managing market profile. by investing of the fund risk The - fund in served a a two manager wide to range protect pronged therefore of investors’ assets approachdraws such Bloxham The In turbulent BNY Defensive Mellon periods Global High the formal Real Yield Return risk Fund management can fund be truly found offers in very you the or investing equivalent in high and yielding therefore stocks include is that, the typically, benefit these of cannot meet its obligations, investors could lose some firstly as capital 1. Dynamic shares, as the on the government asset mix in investment depth and and breadth management corporate fund was changed of experience bonds, strategy alternative swiftly of SSgA - the fund brochure. dividends. all of their investment in this Fund. Ireland’s first tend level to out-perform of As research risk the management fund the broad based team and within index uses the on when his Fund passive markets experience, is similar equity are For and agile your the asset clients Protected allocation the opportunity Assets approach Fund, in of Elements market the Governor related works returns, well and to assets when necessary, such as using commodities the expertise and of a course specialist cash team and in but money investment, analysis to declining the market concept * . it does instruments. and judgement we not introduced involve As manager the in constructing with benchmark risk. Company protect with significantly the of the investor. reduced Bank of Indeed, risk. Ireland is Elements the current could provider be of a State Street Global Advisors Ireland Limited. our a hugely is an * Source: Bloxham absolute portfolio successful benchmark Secure Advantage rather than series relative of (which investments we have the suitable protection ‘core’ and investment the return for to New investors Ireland. with New a medium *Source: MoneyMate. Performance of the BNY Ireland Mellon which Managing The • stocks aims Increase to market selected outperform client's risk: will the The exposure ensure market. **Call options: The buyer of a call option has the right (but is not obliged) been This ongoing used to active in the asset past) allocation it allows Protected the has broad to fund resulted stock diversification Assets manager markets in the Fund the will risk pass tolerance. on the full value of the amounts it receives from to Global buy an Real asset at Return a predetermined Fund series price on 6 or and before the a fixed New date Ireland in the freedom uses following both a terms dynamic during to distribution manage of times geography risk as the of at management fund stock the and end from market industry of both March strategy, stability a sectors. risk 2012: and - which to return gainis Bank future. Pension of Ireland Consensus to investors. Fund series If for any 6 from reason 1/1/2011 Bank of to Because prospective, from of its potential high-conviction positive market nature performance. the fund is based on a very without simple having concept; any concern about what Ireland 01/01/2012 cannot is quoted meet its gross obligations, of tax and investors fund management could lose suitable other 2. Using • managers Corporate Reduce to options investors are exposure Bonds doing. generate who Differently to stock have income markets also an 38.79% (to appropriate traditional purchase during some +Put charges. options: or all of The their owner investment of a put in option the fund. has the The right protection (but is not in investment managed • Government protection) Increase times funds, horizon of the uncertainty exposure and fund Bonds are can willing to use - to stock derivative limit to accept exposure 10.08% markets instruments the higher during from obliged) to sell an asset at a predetermined price on a fixed date in the the fund is before charges are deducted. level of risk times any that market of is stability associated falls. to gain with from this potential type of strategy. future. such • as Global put and Equities call options to further manage 25.74% some positive of • Emerging Markets 7.62% As the The downside a Bloxham concentrated market risk performance Defensive of holding fund High the it may assets. Yield be Fund suited will to use a * Performance is quoted gross of tax and fund management charges. • Alternative Investments 9.29% core-satellite 2. options Explicit Reduce to downside generate approach exposure income protection where to stock for the investors markets fund. The during allocate fund times will a portion This • The sell 3 Protected strategy Property month of their uncertainty call effectively Assets assets options to to Fund limit an ** allows on active includes exposure some the higher of fund 4.84% another from risk manager stocks any layer strategy market held ofto hold • while protection the Cash within retaining the falls assets fund. for clients. they This the bulk essentially By want using to hold, of their a exchanges protection rather 3.64% than assets in policy, assets some a more of the the they Fund have provides to hold an explicit because promise of their that benchmark! in any calendar 2011 moderate year, potential upside value risk strategy. With the fund now of in an the up investment share price and running to the generate since Fund September (before income. James Skehan, has Source: given SSgA us 31 a March number 2012 of prime examples of just where Pension Sales Manager, charges This income are deducted) will typically can be never used to fall buy below protection, 90% ofas The 2010, this simple its highest success this process point has value of this can huge in that approach be relevance. clearly seen Using calendar is evident to an be example working New Ireland described below. year**. This the exceptional effectively of the MSCI provides explicit with World performance the protection equity Index of exposure against which for the times Spotlight to of date many severe fund having passive over market been the three as and disruption. 3. low indeed Focus years as 45% active on to added and funds the as end protection high are of as benchmarked, February 90%. this index at Warning: The value of your the end of August 2011 held just under 2011. investment 24% The weighting fund may go down as well as up. outperformed Warning: the benchmark If you invest by 22.08% in this en fund route you to could a lose some of all of the money you invest. Explicit to financial downside stocks. protection: The Protected Assets cumulative The fund aims return Warning: to of use 31.2%* Past the performance in income the three-year it generates is not period. a reliable from guide to future performance. Fund selling includes call options Warning: another to This buy vital insurance fund layer may of protection be against affected significant for by your changes in currency exchange rates. * clients, market Performance with falls Warning: i.e. explicit is to quoted buy promise The value put gross options that of of before your investment taxation + some charges, and of fund the may go down as well as up. the management fund major cannot Warning: stock market fall charges. below Past indices: 90% performance of its highest is value not a in reliable any guide to future performance. *Source: calendar year. Warning: MoneyMate. In practice This the fund Performance protection may be of Elements level affected S6 for this by from changes 18/02/10 to in 02/04/12 currency is quoted exchange gross of rates. tax and charges. 5
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