Mint Asset Management - A fresh approach to investment management - Product

By: Mint Asset Management  06-Dec-2011
Keywords: Asset Management, Mint

Quick Facts

Name: Mint Australia New Zealand Active Equity Trust
Structure: New Zealand Unit Trust
Investment Objective: Gross return of 90-Day Bank Bill Rate + 5%
Risk Profile: Equity risk (medium to high)
Suitability: Clients looking for a mix of income & growth
Liquidity: Open ended – no restriction
Minimum Investment: $5,000 NZD initial, $2,000 each subsequent
Annual Management Fee: 1.25% base
Trail Fee: 50 bp
Unit Price: Daily
Currency: New Zealand dollars
Fund Manager: Mint Asset Management
Custody: Public Trust via Mint Nominees Limited
Trustee: New Zealand Permanent Trustees Limited (a subsidiary of Public Trust)
Administration: MMC Limited.

Frequently Asked Questions

Key Features of the Trust

  • Open-ended 'high-conviction' Australia New Zealand equity trust established by Mint Asset Management.
  • No fixed allocation between countries, regions or sectors.
  • Targeting returns above the NZ 90 Day Bank Bill rate + 5% per annum.
  • Consistent returns via Total Return approach + Active Management (GARP style).
  • Cash – where attractive opportunities do not exist the Trust will hold cash/yielding securities.
  • Suitable for investor with 5-year investment horizon.
  • 1.25% base fee, performance fee = 10% of out performance above cash + 5%.
  • Target 10 - 25 holdings.
  • Top 10 positions > 50% of the Trust.
  • Individual stock holdings will be between 3-20% of portfolio.
  • Currency risk hedged at manager's discretion.
The information in this article was current at 02 Dec 2011

Keywords: Asset Management, Mint

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06-Dec-2011

Mint Asset Management - A fresh approach to investment management - Products

These funds are registered as Portfolio Investment Entities with New Zealand's IRD and investment is available to New Zealand resident investors who provide a suitable form of identification. Each unit trust has New Zealand Permanent Trust, a subsidiary of Public Trust, as independent Trustee and each fund is independently administered by MMC Limited.