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Scotia DBG’s Unit Trust is an investment scheme that provides the opportunity for investors to put their savings into a common fund. This allows them to take advantage of investment opportunities that are not normally available to individuals. The funds are used to purchase a portfolio of securities in accordance with the guidelines of both the Fund’s Trust Deed and the Unit Trust Act.
The Scotia DBG Premium Growth Fund (PGF) is a premier unit trust investment scheme that allows investors to participate in a professionally managed fund with a proven track record. The Fund’s investment policy emphasizes diversification. A maximum of 10% of the value of the Fund can be invested in the shares of any one company and no more than 20% can be invested in real estate. The portfolio provides a cushion against traditional stock market volatility through a combination of equities and fixed income investments that encourages capital preservation. The Fund’s “Blue Chip” stocks provide investors with good dividend yields and your returns are generally TAX-FREE!
Additionally, the stock market, when compared to the short-term money market, has always provided superior returns over the medium to long term. The trick is to invest consistently throughout a given time frame and not just when the market appears to be on its way up.
The Fund’s investments are valued daily using the market prices at the close of the previous trading day. Bid (your selling price) and Ask (your buying price) prices are subsequently published in the press. The asking price of the units is determined by dividing the value of the Fund’s portfolio by the number of units in issue and adding:
Because of the equity component of the Fund, your principal cannot be guaranteed. However, as opposed to other totally equity based Funds, the fixed income portion of our overall portfolio will significantly reduce any capital erosion.
There is a minimum investment period of 30 days for this Fund. However, a good rule of thumb for any equity-linked investment is that it should be a long-term one – 12 months or longer.
Unit Trust investment schemes cannot guarantee a rate of return. However, the fixed income portion of the portfolio guarantees a positive rate of return on at least that portion of your investment. The returns generated by the stock market over time will determine the balance of your yield.
Your return is determined by the appreciation in the Fund’s unit price. As the Fund generates income from its investments over time, the income is added back to these investments and increases the value of each individual unit. For example, if you purchased the Fund in January at $5.00 and sold it in June at $8.00, your return would be the gain of $3.00 per unit, or 60% in 6 months.
The fund is completely TAX-FREE! All gains are tax-free after the initial tenure of 30 days.
If you are seeking tax-free returns over the medium to long term, then this is the right investment option for you.
Units may be purchased directly from any branch of the Scotia DBG Financial Network located island-wide.
Payment for encashed units are made within 10 working days, at the prevailing bid price, with absolutely no penalty or sales charge once the initial 30 days have passed.
Yes. Units may be transferred to another party without additional cost. Please see the Scotia DBG PGF Offering Circular for further details.
Our branches are centrally located island wide and we are ready to help you meet your strategic financial goals. Call, or come in and speak with one of our Relationship Officers and see for yourself how we earn the right to be your most trusted financial advisor.
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