The PLCP account has
the following distinctive features:
1. No transaction costs
- There is no sales charge, no redemption fee and
no switching fee for the 3 Phillip asset-class funds
in the account. There is also no management fee for
the management and rebalancing of the account. Only
the usual management, performance and other administrative
fees of the underlying Phillip funds apply as authorized
in the latest prospectus of the funds.
2. Personal manager
and Internet access – A portfolio manager
will personally manage and allocate the client’s
funds in the Phillip Growth Fund, Phillip Income
Fund and Phillip Money Market Fund in his PLCP account.
Clients will be able to access a daily valuation
of their account on line at www.phillip.com.sg,
in addition to a monthly statement from PCM.
3. Comprises top-ranking
asset class funds - Both the Phillip Income Fund
and the Phillip Growth Fund are ranked number one
by Standard & Poor’s Fund Services over
the period 31 December 2002 to 30 September 2003
in their respective fund categories; namely ‘Asset
Allocation Global Defensive, Singapore Unit Trusts’
and ‘Asset Allocation Global Neutral, Singapore
Unit Trusts’. They were ranked number one
and two respectively, by Standard & Poor’s
Fund Services in 2002*
4. Consistent, low
volatile returns - Asset allocation is the process
of determining optimal allocations for the various
classes of assets ( such as money markets, bonds,
equities, currencies etc ) that meet your investment
time horizon and risk tolerance. Asset allocation
serves to mitigate the excessive volatility seen
in single asset-class funds and achieve consistent
total returns in the medium to long term on an investment
portfolio. Through the judicious application of
asset allocation, we were able to achieve consistent
low volatile returns.
The following table
sets out the historic returns of the Phillip Life
Cycle Portfolios:
HISTORIC RETURNS** OF THE PHILLIP LIFE CYCLE
PORTFOLIOS
| |
Secure |
Income |
Balanced |
Growth |
Aggressive
|
| Year to September 30, 2003 |
6.35% |
11.59% |
13.48% |
16.39% |
19.68% |
Clients will require only SGD 10,000 to open the
account once their investment risk return profile
is determined with the assistance of a PhillipCapital
financial advisor representative.
PCM holds a Capital
Markets Services licence granted by the Monetary
Authority of Singapore, and provides fund management
and investment advisory services to both institutional
and retail clients. It is a member of PhillipCapital,
an integrated financial services group providing
a comprehensive range of financial services to retail
and institutional customers.
The team of fund managers
led by Jeffrey Lee has consistently delivered good
performance over many investment cycles. In addition,
PCM has been profitable every year since inception
and is backed by PhillipCapital, which was established
in 1975. Today PhillipCapital is firmly established
in the financial centres of Singapore, London, Tokyo,
Hong Kong, and Australia. It has over 2200 employees
representing diverse cultures across 10 different
countries in Asia and Europe with approximately
US$250 million in shareholders’ funds.
* Past performance is not necessarily indicative
of future performance.
** The historic returns of the Phillip Life Cycle
Portfolios are calculated on a Bid-to-Bid basis
in SGD of the underlying sub funds on the assumption
that you had invested in any of the 5 Phillip Life
Cycle Portfolios.
27 November 2003
Contact:-
Mr. Jeffrey Lee
Managing Director and Chief Investment Officer,
Phillip Capital Management (S) Ltd
250 North Bridge Road, #06-00, Raffles City Tower,
Singapore 179101
Tel: 6 538 3638 Fax: 6 538 3066
