Managed Account of Funds

The Managed Account of Funds, or “MAF” is a portfolio management service designed to make investing easy again. Managed Accounts is the investment solution of choice among private banking clients, but this service is now available to all through the MAF.

The MAF is a managed portfolio of funds, which means you delegate the day to day portfolio rebalancing and implementation decisions to an Asset Manager, once you have

selected the investment strategy that suits you. The MAF is diversified across multiple fund houses, multiple asset classes, and over hundreds of different securities. No single security will have an outsized impact on your portfolio. There are various strategies you can choose from, depending on your investing needs. Over time, there will be various MAF providers you can choose from Havenport Wealth, in addition to those offered by Havenport Asset Management.

How does it work?

It all begins with you having a conversation with your Financial Advisor about your financial goals and risk preferences. Your Financial Advisor may recommend a specific MAF strategy that best corresponds to your requirements. Once you have accept that recommendation, Havenport will take over the implementation, ongoing management and monitoring of your investment, freeing you from having to make the day to day decisions. Each MAF is a selection of third party unit trusts, carefully chosen by professional portfolio managers to achieve a desired risk-adjusted return characteristic.

Benefits of The Managed Account Funds

Simplicity

The only decisions you will have to make is the choice of the specific MAF that your Financial Advisor may present to you as part of an overall financial plan, and how much you wish to invest. The simplicity of the MAF leaves you and your Financial Advisor with the time and clarity of mind to focus your discussion on the things that matter- your long term financial goals and aspirations.

Professional Management

The MAF offers you direct access to an Asset Manager, a service usually reserved for institutional investors. Havenport works closely with Financial Advisory Firms to understand your needs and preferences. This enables Havenport and other providers to create suitable MAF strategies for individuals like yourself.

Timeliness

Investment recommendations are perishable goods. Untimely decision making can impede your progress to reaching your financial goals. This is the principle benefit of the MAF. Professional portfolio managers will monitor the market, so you don't have to do so. Your portfolio will be managed and rebalanced for you with the timeliness necessary to safeguard your long term financial interests. The MAF addresses a common limitation of Advisory Wrap portfolios, which requires that you approve each trade action recommended by your Financial Advisor. If this requirement encumbers your lifestyle or challenges your investment knowledge, the MAF is for you.

Transparency

Through the Havenport Wealth portal, you and your Financial Advisor will enjoy real time access to your MAF portfolio. You will also receive trade confirmations each time a trade is executed in your MAF portfolio. The MAF is designed to be transparent to facilitate a holistic and ongoing dialogue between you and your advisor. It will also equip your Financial Advisor to help you monitor your progress towards your desired financial objectives, and if necessary, recommend any recalibration of your overall asset allocation to keep you on track towards meeting your goals.

Access to clean fee or institutional share classes

Havenport Wealth is the only independent unit trust platform to offer access to clean fee or institutional share classes through the MAF. Unit trusts sold at banks and other fund platforms are "retail share classes". Retail funds carry a higher management fee than the clean fee or institutional share classes, which are essentially the same unit trusts that are open for purchase by institutional investors at "institutional rates”. As Havenport is also institutional Asset Manager, the MAF allows you, in effect, to invest like an institutional investor. The access to clean fee share classes provides assurance that you pay no more than you would for an advisory wrap, yet benefit from all the features and benefits of such a portfolio management service.

Managed Account of Funds

See the forest, not the trees.

The MAF is designed to free you and your Financial Advisor to focus on your long term financial goals and aspirations without the day to day matters getting in your way. It allows you more time, so you can get more out of your relationship with your Financial Advisor. Placing the day to day management of your investment in professional hands allows you to see the forest, not the trees, so that you and your advisor do not lose sight of your key priorities - your long term financial well being, and that of your family.

Please seek advice from your Financial Advisor which MAF portfolio most suit your requirements. To initiate an MAF portfolio, you will need to first establish an account with Havenport Wealth, our Funds and Managed Accounts platform. Your Financial Advisor will be able to assist with the account opening process. More details on the MAF is provided on Havenport Wealth when your account is established.

Important Information

This document is for information only and does not constitute an offer or solicitation to buy or sell any of the investments mentioned. Neither Havenport Asset Management Pte. Ltd. (“Havenport”) nor any officer or employee of Havenport accepts any liability whatsoever for any loss arising from any use of this publication or its contents. This document is confidential and constitutes proprietary information and may not be used other than by the intended recipient. This document may not be reproduced, distributed or published without prior written permission from Havenport. Any such reproduction, distribution or publication could result in a violation of the law of such jurisdictions.

The views expressed are opinions of Havenport as of the date of this document and are subject to change based on market and other conditions. These opinions are not intended to be a forecast of future events, a guarantee of future results or investment advice. The mention of any individual securities should neither constitute nor be construed as a recommendation to purchase or sell securities, and the information provided regarding such individual securities is not intended to be used to form any basis upon which an investment decision is to be made. Nothing in this document constitutes accounting, legal, regulatory, tax or other advice. Portfolio allocations, holdings and characteristics are subject to change at any time. Any statistics have been obtained from sources Havenport believed to be reliable but the accuracy and completeness of the information cannot be guaranteed. All investments involve risks, including possible loss of principal. Past performance is not indicative of future results. The information contained in this document, including any data, projections and underlying assumptions are based upon certain assumptions, management forecasts and analysis of information available as at the date of this document and reflects prevailing conditions and Havenport’s views as of the date of this document, all of which are accordingly subject to change at any time without notice and Havenport is under no obligation to notify you of any of these changes.

Havenport provides discretionary management service through the Managed Account of Funds and the timing and split of investments is at its sole discretion. Unless otherwise stated, performance results do not reflect the deduction of investment management fees. It should be noted that performance results will be reduced by Havenport’s investment management fees. Investments with Havenport are not bank deposits or other obligations of, or guaranteed or insured by Havenport or any of their affiliates, or by any local governmental or insurance agency, and are subject to investment risks, including the possible loss of the principal amount invested. Investors should be aware of the risk of exchange rate fluctuations that may cause a loss of principal.

Havenport Asset Management Pte. Ltd. is registered with the Accounting and Corporate Regulatory Authority in Singapore (Reg. No. or UEN 201015315N) and its business activities are regulated by the Monetary Authority of Singapore.

Havenport Asset Management Website Terms

General Terms & Conditions

These Terms and Conditions governs your use of Havenport’s website (the “this Website”) and your relationship with Havenport Asset Management Pte. Ltd. (“Havenport”, or “we”, or “us”). Please read them carefully as they affect your rights and liabilities under the law. If you do not agree to these Terms and Conditions, please do not register for or use this Website. By using this Website, you are deemed to be representing and warranting that you have read and understood these terms and expressly consented to be bound by, the terms contained therein.

Havenport holds a capital markets services licence for the provision of fund management services to eligible investors and is an exempt financial advisor pursuant to paragraph 23(1)(d) of the Financial Advisers Act (Cap. 110) (“FAA”). Accordingly, this Website and its contents are permitted only for the use of persons who are “accredited investors” or “institutional investors”, each within the meaning provided in the Securities and Futures Act (Cap. 289) (“SFA”). Accordingly, the information contained on this Website and the products and services described in this Website are for use by such investors only and is prepared for the benefit of such investors only. In using this Website or any information contained therein, you expressly represent that you are an “accredited investor” or “institutional investor” for the purposes of the SFA. As an “accredited investor” and/or “institutional investor”, certain disclosure requirements under the FAA in relation to the contents of this Website would not apply to you as a recipient.

By accessing this Website you expressly acknowledge that you have checked and confirm that you are legally entitled and qualified to view this Website and that you understand that the information on this Website is not an advertisement and that you will not treat it as such and that any information on this Website is not addressed to you specifically.  Havenport will not treat users of this Website as its clients by virtue of them accessing it. This Website is not an advertisement and is not intended for public use or distribution. This Website has been prepared for the purpose of providing general information only without taking account of any particular investor’s objectives, financial situation or needs and does not amount to an investment recommendation. An investor should, before making any investment decision, consider the appropriateness of the information in this Website, and seek professional advice, having regard to the investor’s objectives, financial situation and needs.  In all cases, anyone proposing to rely on or use the information contained in the Website should independently verify and check the accuracy, completeness, reliability and suitability of the information.  The information contained in this Website does not constitute financial, investment, legal, accounting, tax or other professional advice or a solicitation for investment in Havenport’s funds, nor does it constitute an offer for sale of interests issued by funds that are managed or advised by Havenport. Any offer can only be made by the relevant offering documents, together with the relevant subscription agreements, all of which must be read and understood in their entirety, and only in jurisdictions where such an offer is in compliance with relevant laws and regulatory requirements.

Investments with Havenport are not bank deposits or other obligations of, or guaranteed or insured by Havenport or any of their affiliates, or by any local governmental or insurance agency, and are subject to investment risks, including the possible loss of the principal amount invested. Investors should be aware of the risk of exchange rate fluctuations that may cause a loss of principal.

The information contained on this Website does not constitute a public or retail offer or solicitation to buy or sell or an invitation to subscribe for or otherwise acquire, any security, financial product or instrument referred to in this Website, or to participate in any investment strategy in any jurisdiction.

This Website has not been reviewed by, filed with, or otherwise furnished to any governmental or similar authority, and is available only to provide limited information to persons who have a legitimate interest in that information.

The information expressed on this Website, including any data, projections and underlying assumptions are based upon certain assumptions, management forecasts and analysis of information, all of which are accordingly subject to change at any time without notice and Havenport is under no obligation to notify you of any of these changes. Certain information contained on this Website (including any forward-looking statements and economic and market information) has been obtained from published sources and/or prepared by third parties and may not be current. While such sources are believed to be reliable, Havenport, each of its officers, employees and affiliates do not assume any responsibility for the accuracy or completeness of such information. Any views or opinions expressed may not reflect those of Havenport, or any of its officers, employees and affiliates as a whole. In addition, nothing in this Website constitutes legal, accounting or tax advice.  You should consult professional advisers, if need be, before making any investment decision.

Restricted Use

You may not use this Website for any of the following purposes:

a) Disseminating any unlawful, harassing, libellous, abusive, threatening, harmful, vulgar, obscene, or otherwise objectionable material or otherwise breaching any laws;

b) Transmitting material that encourages conduct that constitutes a criminal offence, or otherwise breaches any applicable laws, regulations or code of practice; and

c) Interfering with any other person’s use or enjoyment of this Website.

You will be responsible for our losses and costs resulting from your breach of this clause on restricted use.

Limitation of liability

All information or opinion on this Website is provided on an ‘as is’ and ‘as available’ basis. Neither Havenport, nor any of its officers, employees or affiliates, make any representation or warranty, express or implied (including but not limited to, warranties of title, merchantability, satisfactory quality, non-infringement of third-party intellectual property rights, fitness for a particular purpose and freedom from computer virus and other malicious code), with respect to the fairness, correctness, accuracy, reasonableness or completeness of any of the information contained on this Website (including, but not limited to, information obtained from unrelated third parties), and expressly disclaim any and all responsibility or liability as to the information contained in, or omissions from, this Website, including, without limitation, any implied representation or warranty with respect to such information.

You should not rely on the information contained on this Website in making any investment decision. No recommendation or advice is being given as to whether any investment or strategy referred to on this Website is suitable for you. It should not be assumed that any investments in securities, companies, sectors or markets identified and described have been or will be profitable. Investing entails risks, including possible loss of principal. Past Performance is no guarantee of future results. All investments involve risks, including possible loss of principal. Past performance is not indicative of future results. No reliance is to be placed for any purpose on the information and opinions provided on this Website or the accuracy or completeness thereof and Havenport disclaims all liability to anyone for any action taken on the basis of such information or opinion.

We make no promise that the services at this Website will meet your requirements. We cannot guarantee that the services will be fault-free.

If you breach these Terms and Conditions and Havenport chooses to ignore this, Havenport will still be entitled to use its rights and remedies at a later date or in any other situation where you breach the Terms and Conditions. Havenport shall not be responsible for any breach of these Terms and Conditions caused by circumstances beyond its reasonable control.

Intellectual Property

The entire contents of this Website are subject to copyright with all rights reserved. You may download or print individual sections of this Website for your personal non-commercial use and information only provided that you are legally entitled to access the material and you retain all copyright and other proprietary notices contained in the material. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into, copy or use for any public or commercial purpose this Website without the prior written permission of Havenport. Nothing on this Website should be construed as granting any licence or right in relation to any of our trademarks or those of our affiliated companies or any third party.

Variation

Havenport may revise the terms and conditions at any time by amending this page. You are expected to check this page from time to time to take notice of any changes made. Any amendments will be effective immediately upon notification on this Website.  If you do not wish to accept the new Terms and Conditions you should not continue to use this Website. If you continue to use this Website after the date on which the change comes into effect, your use of this Website indicates your agreement to be bound by the new Terms and Conditions.

Specific Warnings

We make no promise that materials on this Website are appropriate or available for use in locations outside Singapore, and accessing this Website from territories where its content are illegal or unlawful is prohibited. If you choose to access this Website from locations outside Singapore, you do so on your own initiative and are responsible for compliance with local laws.

You must take your own precautions to ensure that the process which you employ for accessing this Website does not expose you to the risk of viruses, malicious computer code or other forms of interference which may damage your own computer system. For the removal of doubt, we do not accept responsibility for any interference or damage to your own computer system which arises in connection with your use of this Website or any linked Website.

Your access to this Website may be occasionally restricted to allow for repairs, maintenance or the introduction of new facilities or services. We will attempt to restore the service as soon as we reasonably can.

Governing Law & Jurisdiction

Your use of this Website shall be deemed as acceptance of the laws of Singapore. The laws of Singapore shall govern the Terms and Conditions and your browsing of this Website. A condition of using this Website is that in the event of any dispute or proceeding you irrevocably submit to the exclusive jurisdiction of the Singapore Courts and waive any objection to proceedings in such courts on the grounds of venue or on the grounds that the proceedings have been brought in an inconvenient forum.

Data Protection and Privacy Policy

Havenport may collect personal information from you from in the course of business with us. We may also collect information as to your usage patterns of this Website and make use of cookies while doing so (see below). All information may be retained even after any relation between you and Havenport has ceased if necessary. Havenport may disclose such information to third parties as required to or permitted by the Singapore Personal Data Protection Act 2012 or other applicable laws, for any purpose for which your personal data was to be disclosed at the time of its collection or any other purpose directly related to such purpose. Your personal data may be transferred to locations outside Singapore and will hence be subject to laws applicable in those locations.

Your personal data may be disclosed to related and/or associated companies, affiliates, delegates, trustee(s), business partners, and/or service providers, or any third party and/or agents (including outsourcing agents and data processors), any and all governmental and/or quasi-governmental departments and/or agencies, regulatory and/or statutory bodies, any court and/or officer of the court.

Cookies

A cookie is information that a web server stores on your hard disk so that it allows a web site to store your preferences on your machine and later retrieve it. Cookies cannot by themselves be used as identification. This Website uses cookies. A cookie helps you to get the best out of this Website and helps us to provide you with a more customised service and to improve and update our content. For more information on our cookies please refer to our cookie policy. By using this Website you agree to our placement and use of cookies unless you have disabled them. However, certain parts of this Website are reliant on the use of cookies to operate correctly and may not work correctly if you set your browser not to accept cookies.

   

Havenport Terms & Conditions

General Terms & Conditions

These Terms and Conditions governs your use of Havenport’s website (the “this Website”) and your relationship with Havenport Asset Management Pte. Ltd. (“Havenport”, or “we”, or “us”). Please read them carefully as they affect your rights and liabilities under the law. If you do not agree to these Terms and Conditions, please do not register for or use this Website. By using this Website, you are deemed to be representing and warranting that you have read and understood these terms and expressly consented to be bound by, the terms contained therein.

Havenport holds a capital markets services licence for the provision of fund management services to eligible investors and is an exempt financial advisor pursuant to paragraph 23(1)(d) of the Financial Advisers Act (Cap. 110) (“FAA”). Accordingly, this Website and its contents are permitted only for the use of persons who are “accredited investors” or “institutional investors”, each within the meaning provided in the Securities and Futures Act (Cap. 289) (“SFA”). Accordingly, the information contained on this Website and the products and services described in this Website are for use by such investors only and is prepared for the benefit of such investors only. In using this Website or any information contained therein, you expressly represent that you are an “accredited investor” or “institutional investor” for the purposes of the SFA. As an “accredited investor” and/or “institutional investor”, certain disclosure requirements under the FAA in relation to the contents of this Website would not apply to you as a recipient.

By accessing this Website you expressly acknowledge that you have checked and confirm that you are legally entitled and qualified to view this Website and that you understand that the information on this Website is not an advertisement and that you will not treat it as such and that any information on this Website is not addressed to you specifically.  Havenport will not treat users of this Website as its clients by virtue of them accessing it. This Website is not an advertisement and is not intended for public use or distribution. This Website has been prepared for the purpose of providing general information only without taking account of any particular investor’s objectives, financial situation or needs and does not amount to an investment recommendation. An investor should, before making any investment decision, consider the appropriateness of the information in this Website, and seek professional advice, having regard to the investor’s objectives, financial situation and needs.  In all cases, anyone proposing to rely on or use the information contained in the Website should independently verify and check the accuracy, completeness, reliability and suitability of the information.  The information contained in this Website does not constitute financial, investment, legal, accounting, tax or other professional advice or a solicitation for investment in Havenport’s funds, nor does it constitute an offer for sale of interests issued by funds that are managed or advised by Havenport. Any offer can only be made by the relevant offering documents, together with the relevant subscription agreements, all of which must be read and understood in their entirety, and only in jurisdictions where such an offer is in compliance with relevant laws and regulatory requirements.

Investments with Havenport are not bank deposits or other obligations of, or guaranteed or insured by Havenport or any of their affiliates, or by any local governmental or insurance agency, and are subject to investment risks, including the possible loss of the principal amount invested. Investors should be aware of the risk of exchange rate fluctuations that may cause a loss of principal.

The information contained on this Website does not constitute a public or retail offer or solicitation to buy or sell or an invitation to subscribe for or otherwise acquire, any security, financial product or instrument referred to in this Website, or to participate in any investment strategy in any jurisdiction.

This Website has not been reviewed by, filed with, or otherwise furnished to any governmental or similar authority, and is available only to provide limited information to persons who have a legitimate interest in that information.

The information expressed on this Website, including any data, projections and underlying assumptions are based upon certain assumptions, management forecasts and analysis of information, all of which are accordingly subject to change at any time without notice and Havenport is under no obligation to notify you of any of these changes. Certain information contained on this Website (including any forward-looking statements and economic and market information) has been obtained from published sources and/or prepared by third parties and may not be current. While such sources are believed to be reliable, Havenport, each of its officers, employees and affiliates do not assume any responsibility for the accuracy or completeness of such information. Any views or opinions expressed may not reflect those of Havenport, or any of its officers, employees and affiliates as a whole. In addition, nothing in this Website constitutes legal, accounting or tax advice.  You should consult professional advisers, if need be, before making any investment decision.

Restricted Use

You may not use this Website for any of the following purposes:

a) Disseminating any unlawful, harassing, libellous, abusive, threatening, harmful, vulgar, obscene, or otherwise objectionable material or otherwise breaching any laws;

b) Transmitting material that encourages conduct that constitutes a criminal offence, or otherwise breaches any applicable laws, regulations or code of practice; and

c) Interfering with any other person’s use or enjoyment of this Website.

You will be responsible for our losses and costs resulting from your breach of this clause on restricted use.

Limitation of liability

All information or opinion on this Website is provided on an ‘as is’ and ‘as available’ basis. Neither Havenport, nor any of its officers, employees or affiliates, make any representation or warranty, express or implied (including but not limited to, warranties of title, merchantability, satisfactory quality, non-infringement of third-party intellectual property rights, fitness for a particular purpose and freedom from computer virus and other malicious code), with respect to the fairness, correctness, accuracy, reasonableness or completeness of any of the information contained on this Website (including, but not limited to, information obtained from unrelated third parties), and expressly disclaim any and all responsibility or liability as to the information contained in, or omissions from, this Website, including, without limitation, any implied representation or warranty with respect to such information.

You should not rely on the information contained on this Website in making any investment decision. No recommendation or advice is being given as to whether any investment or strategy referred to on this Website is suitable for you. It should not be assumed that any investments in securities, companies, sectors or markets identified and described have been or will be profitable. Investing entails risks, including possible loss of principal. Past Performance is no guarantee of future results. All investments involve risks, including possible loss of principal. Past performance is not indicative of future results. No reliance is to be placed for any purpose on the information and opinions provided on this Website or the accuracy or completeness thereof and Havenport disclaims all liability to anyone for any action taken on the basis of such information or opinion.

We make no promise that the services at this Website will meet your requirements. We cannot guarantee that the services will be fault-free.

If you breach these Terms and Conditions and Havenport chooses to ignore this, Havenport will still be entitled to use its rights and remedies at a later date or in any other situation where you breach the Terms and Conditions. Havenport shall not be responsible for any breach of these Terms and Conditions caused by circumstances beyond its reasonable control.

Intellectual Property

The entire contents of this Website are subject to copyright with all rights reserved. You may download or print individual sections of this Website for your personal non-commercial use and information only provided that you are legally entitled to access the material and you retain all copyright and other proprietary notices contained in the material. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into, copy or use for any public or commercial purpose this Website without the prior written permission of Havenport. Nothing on this Website should be construed as granting any licence or right in relation to any of our trademarks or those of our affiliated companies or any third party.

Variation

Havenport may revise the terms and conditions at any time by amending this page. You are expected to check this page from time to time to take notice of any changes made. Any amendments will be effective immediately upon notification on this Website.  If you do not wish to accept the new Terms and Conditions you should not continue to use this Website. If you continue to use this Website after the date on which the change comes into effect, your use of this Website indicates your agreement to be bound by the new Terms and Conditions.

Specific Warnings

We make no promise that materials on this Website are appropriate or available for use in locations outside Singapore, and accessing this Website from territories where its content are illegal or unlawful is prohibited. If you choose to access this Website from locations outside Singapore, you do so on your own initiative and are responsible for compliance with local laws.

You must take your own precautions to ensure that the process which you employ for accessing this Website does not expose you to the risk of viruses, malicious computer code or other forms of interference which may damage your own computer system. For the removal of doubt, we do not accept responsibility for any interference or damage to your own computer system which arises in connection with your use of this Website or any linked Website.

Your access to this Website may be occasionally restricted to allow for repairs, maintenance or the introduction of new facilities or services. We will attempt to restore the service as soon as we reasonably can.

Governing Law & Jurisdiction

Your use of this Website shall be deemed as acceptance of the laws of Singapore. The laws of Singapore shall govern the Terms and Conditions and your browsing of this Website. A condition of using this Website is that in the event of any dispute or proceeding you irrevocably submit to the exclusive jurisdiction of the Singapore Courts and waive any objection to proceedings in such courts on the grounds of venue or on the grounds that the proceedings have been brought in an inconvenient forum.

Data Protection and Privacy Policy

Havenport may collect personal information from you from in the course of business with us. We may also collect information as to your usage patterns of this Website and make use of cookies while doing so (see below). All information may be retained even after any relation between you and Havenport has ceased if necessary. Havenport may disclose such information to third parties as required to or permitted by the Singapore Personal Data Protection Act 2012 or other applicable laws, for any purpose for which your personal data was to be disclosed at the time of its collection or any other purpose directly related to such purpose. Your personal data may be transferred to locations outside Singapore and will hence be subject to laws applicable in those locations.

Your personal data may be disclosed to related and/or associated companies, affiliates, delegates, trustee(s), business partners, and/or service providers, or any third party and/or agents (including outsourcing agents and data processors), any and all governmental and/or quasi-governmental departments and/or agencies, regulatory and/or statutory bodies, any court and/or officer of the court.

Cookies

A cookie is information that a web server stores on your hard disk so that it allows a web site to store your preferences on your machine and later retrieve it. Cookies cannot by themselves be used as identification. This Website uses cookies. A cookie helps you to get the best out of this Website and helps us to provide you with a more customised service and to improve and update our content. For more information on our cookies please refer to our cookie policy. By using this Website you agree to our placement and use of cookies unless you have disabled them. However, certain parts of this Website are reliant on the use of cookies to operate correctly and may not work correctly if you set your browser not to accept cookies.