Renaissance has partnered with Boutique Collective Investments to establish the following South African registered and regulated funds:
The Renaissance BCI Global Best Ideas Feeder Fund
The objective of the Fund is to generate long term capital growth and offer investors offshore diversification and exposure to global markets.
The portfolio will apart from assets in liquid form, invest solely in the participatory interests of the Renaissance Global Best Ideas Fund IC Ltd established under the Momentum Mutual Fund ICC Limited (Guernsey) scheme.
The underlying portfolio invests mainly in equity, other securities and interest-bearing instruments as well as participatory interests of underlying portfolios of collective investment schemes or other similar schemes that provide exposure to equity investments and other growth asset classes across all market sectors.
Renaissance, in partnership with Momentum Mutual Fund ICC Limited, have launched the Renaissance Global Best Ideas Fund IC Limited and Renaissance Global Flexible Fund IC Limited. Both funds are registered in and regulated in Guernsey. The Renaissance Global Best Ideas Fund IC Limited is also approved and regulated by the Financial Services Board in South Africa.
For more information on the structure of these Funds, please see the Momentum Mutual Fund ICC Limited Prospectus.
Renaissance Global Best Ideas Fund IC Limited
The Renaissance Global Best Ideas Fund IC Limited is a multi-asset fund that aims to provide investors with capital growth over the medium to long term (3 to 5 years) through investments in a diverse range of global asset classes and currencies. The Fund aims for a return in excess of a composite benchmark, made up of 60% MSCI World Index and 40% JP Morgan Global Government Bond Index.
The Fund aims to achieve its investment objective by investing globally, primarily via other collective investment schemes in a wide range of asset classes including cash, fixed income, equities, property, commodities and asset allocation portfolios. The Fund may also invest in transferable securities which are classes of investments that are negotiable on a capital market such as (but not limited to) shares in companies or bond investments.
The Base Currency of the Fund is US Dollars, however, the investments of the Fund may be denominated in various currencies other than US Dollars and the GBP Shares are priced and valued in Pounds Sterling.
Accordingly, the Fund has multiple currency exposures and such exposures may be hedged, although the Sub-Investment Manager is under no obligation to do so.