Most of the capital of the Xhilarator wrap funds was transferred, during March 2005, to the new FoFs and then to Wrap funds and is managed in the same manner by the same managers. Collective Investments and Wrap funds are generally medium to long term investments. The value of participating interests may go down as well as up and past performance is not necessarily a guide to the future. Collective Investments are traded at ruling prices and forward pricing is used. Commission and incentives may be paid and if so, are included in the overall cost. This fund may be closed to new investors. A fund of funds collective investments may invest in other collective investments, which levy their own charges.
Collective Investment prices are calculated on a Net Asset Value basis and auditor’s fees, bank charges, trustee and RSC levies are levied against the portfolio. The portfolio manager may borrow up to 10% of portfolio NAV to bridge insufficient liquidity.
Kanaan is an authorised Financial Services Provider. FSCA number 528
Should you have any further queries or complaints please contact us at 031 561 2208.
For your information, the FAIS ombudsman provides an independent and objective advisory service.
Should you not be satisfied with the outcome of a complaint handled by Kanaan Trust, please write to;
The Ombudsman, PO Box 74571, Lynnwood Ridge, 0040.
Telephone (012) 470 9080/99.
Fax (012) 348 3447.