Ascension Plan 3
Aiming to give higher returns and lower portfolio risk
The Matrix Ascension Plan 3
The Matrix Ascension Plan 3 is designed to give investors access to the returns of the Winton Trading Strategies Fund. Investors will benefit from:
- A protected share price of 90p per share if held until maturity. Early share redemptions will not benefit from this protection.
- The opportunity to benefit from the performance of the Winton Trading Strategies Fund minus a fixed annual deduction expected to be 1.95% per annum.
- A 5 Year Investment Period.
- Favourable tax treatment of returns, allowing investors to take advantage of their capital gains tax allowance and to use taper relief. Please note that tax rules are subject to statutory change and if you are in any doubt about the tax implications of an investment, we recommend that you seek specialist tax advice.
- Shares qualify for PEPs and ISAs, SIPPs and SSASs.
- Monthly Dealing.
Winton Trading Strategies Fund
The Winton Trading Strategies Fund is designed to mirror the performance of the Winton Futures Fund (now closed to new investments). It has a low correlation to Equities & Gilts, which can reduce portfolio risk
The Winton trading programme engages in the speculative trading of futures and forward contracts on world markets. Winton’s investment philosophy is directed towards long term capital appreciation through compound growth. This is achieved by pursuing a sophisticated and widely diversified trading programme employing statistically-derived algorithms. The success of this programme does not rely on favourable conditions in any particular market or on general appreciation of asset values.
Track Record
- The NAV of the Winton Trading Strategies Fund, has increased by 26.91%, since launch in July 2004 to 31 May 2006*.
- The Winton Futures Fund has grown by 313% generating annualised returns of +17.77% from launch in October 1997 to 31 May 2006*. This compares to annualised returns from the FTSE All Share of +4.97%** over the same period.
Past performance is not a guide to future performance as the price of shares can fall as well as rise and investors may not get back all the money that they have invested.
*Source: Winton Capital Management Ltd, net returns, applying a charging structure of 2% p.a. plus a 20% performance fee 01.10.1997 to 31.05.2006 . Based on USD share class of WFF from Oct-97 to Jul-04 and the Euro share class for Aug-04 to date.
** Source: Reuters Hindsight, total return, 01.10.1997 to 31.05.2006
Typical Investor
This product has been designed for UK private investors who are seeking to diversify their investment portfolio and would like to access returns uncorrelated to equities and gilts with capital protection. Potential Investors should have independent financial advice and should only consider this investment as part of a larger investment portfolio. They should be seeking a medium term (5 years) investment as capital protection will only apply if investors hold their investment until maturity.
Risk Factors
The past performance of the Winton Trading Strategies Fund whose performance is linked to the Matrix Ascension Plan 3 is not indicative of the future performance of the Winton Trading Strategies Fund.There can be no guarantee that the investment objective of Winton Trading Strategies Fund will be achieved.
Investments are designed to be held until maturity.This must be considered a medium term investment (5 years).Though there is a limited secondary market there is no guarantee that there will be a market for these shares, and the sale price of such shares may not reflect the underlying value of the shares.
Investors should be aware that the Company’s ability to pay the protected share price depends to a substantial extent on the creditworthiness of BNP Paribas.
Price movements in the Winton Trading Strategies Fund can be volatile and are influenced by, among other things, market movements, national and international political and economic events, changes in exchange and interest rates and governmental fiscal policies. The Winton Trading Strategies Fund may use gearing and may engage in short selling.