Unit trusts are portfolios of assets such as equities, bonds, cash and listed property, in which investors can buy units. This allows investors to spread their risk, whilst getting the benefits of professional fund management. For the “man on the street” or for the well-seasoned investor, unit trusts offer a simple, and effective way of saving money – they are also the perfect way to build a balanced and diversified investment portfolio.The First National Bank, FNB growth fund unit trust fit the background above.
The FNB Growth Fund Unit Trust is a general portfolio and investment policy which is followed by the manager and focuses on achieving steady but stable growth of both capital and income through investing in a broad range of asset classes.
This is done through funds pooled together to give you and other investors greater buying power. There is also the option to make ad-hoc payments into the account. Under this set up which offers portfolio diversity, funds are invested in a combination of securities, stocks + liquid assets.
Minimum opening balance is R1,000 and fees per deposit is at 5.13%. You also get access to monthly feedback by receiving monthly performance sheets.
In order to qualify, you need a South African green bar-coded identity document or new ID card, If you are a foreign national, a valid passport or a copy of the relevant permit is required. You also need to provide a recent proof of residence.
FNB can be contacted on 087 575 9404.
