Manager Research
all members of our manager research team have over ten years of investment experience.
Investors in the Rezco Value Trend fund would have received a ballot letter from the manager on the 11th of October to approve a change in the mandate.
The fund was launched in 2004, and since that time has been managed in compliance with the prudential rules outlined in Regulation 28 of the Pension Funds act. The act limits exposure to certain asset classes to ensure protection to investors saving towards retirement. Although the fund was managed in this way historically, it was never specifically addressed in the mandate. Instead, Rezco released a monthly statement confirming compliance.
This ballot is for Rezco to get approval from investors to amend the supplemental deed in the fund's mandate to formalise their compliance with the provisions of the act. There will be no change to the way in which the fund is being managed.
Where prompted, we are voting to approve the ballot.
Change to Rezco Value Trend mandate
12 Oct 2016