Celsius Investments Australia Limited Launches the Barclays DYNAMIC80 International Share Fund
Sydney –Celsius Investments Australia Limited (“Celsius”), today announces the launch of the Barclays DYNAMIC80 International Share Fund (the “Fund”).
The Fund aims to provide investors with a return linked to the performance of a diversified exposure to developed and emerging global equity markets in America, Europe, Asia, the Far East and Australia, via a basket of equity-linked iShares® ETFs.
A currency strategy partially hedges the iShares® ETFs foreign currency exposure.
The DYNAMIC80 Strategy is the investment engine that drives the return of the Fund and provides investors and advisers with the assurance of 80%continuous protection on the highest ever value of their investments, combined with daily liquidity.
The DYNAMIC80 Strategy was first used by Barclays in client portfolios in 2003, and provides the Fund with an investment methodology that increases exposure to the iShares® ETFs as their value increases and reduces exposure as their value falls.
Commenting on the launch, Paul Hopkins, responsible manager of Celsius said, “The Fund’s broad coverage of global equity markets offers investors a diversified portfolio risk and the advantages of continuous liquidity and transparency in pricing.”
Allen McCristal, Director of Celsius comments, “The Fund has been designed in response to adviser demand for better management of asset class and portfolio volatility. One of the key lessons learned over the last few years is that equity volatility can be very damaging to an investor’s outcome. This is especially true for those investors in the pension phase or nearing retirement, as it is very difficult to recover from large capital reductions over short to medium time frames.”
“Administration simplicity is critical to a successful adviser’s business. The DYNAMIC80 is attractive as it can be administered via platforms exactly like other managed funds used for clients. It can easily comprise part of an adviser’s strategic asset allocation to international equities.”
“It also provides greater flexibility in the portfolio construction process – advisers can easily blend the DYNAMIC80 with their existing line-up of active managers to reduce volatility and improve return outcomes.”
“The strategy also aligns with several key industry themes at present – firstly, better ways to manage volatility in clients’ portfolios and secondly, the growing presence and flexibility of ETFs for advisers”.
The Fund has relevant research house ratings and the business is currently finalising approval for its usage via key administration platform and wraps to complement advisers’ business models.
The Barclays DYNAMIC80 International Share Fund will be distributed via Financial Planners, Dealer Groups and Private Banks and is initially offered at AUD1.00 per unit and NAV per Unit thereafter. The Minimum Initial Investment amount is AUD10,000 and in multiples of AUD1,000 thereafter.
Celsius is the Responsible Entity and Issuer of the Units (ABN: ABN 48 130 522 922 AFSL 328 438). Celsius is a wholly owned subsidiary of Barclays Bank PLC.
Barclays acts as the Investment Manager and Distributor of the Fund through Barclays Capital Fund Solutions, its the asset management business. Barclays Capital is the trading name of the Investment Banking division of Barclays Bank PLC.
About the PDS of the Fund.
All Investors should consider the PDS before deciding whether to acquire, or to continue to hold, units. The PDS carries ARSN 134 363 358 and APIR CEL0002AU. The Product Disclosure Statement (PDS) is available now at www.celsiusinvestments.com.au. Wholesale investors can obtain a copy of the PDS by contacting Amanda Conner or Tim Bradbury in the Barclays Capital Investor Solutions team.
For further information, about the Fund, retail investors should contact their investment adviser. Wholesale investors should contact:
Tim Bradbury, Investor Solutions Tel: +61 -2-933 46032
Caroline Saunders, Barclays Capital Fund Solutions Tel: +61 -2-933 46054