by clicking the arrows at the side of the page, or by using the toolbar.
by clicking anywhere on the page.
by dragging the page around when zoomed in.
by clicking anywhere on the page when zoomed in.
web sites or send emails by clicking on hyperlinks.
Email this page to a friend
Search this issue
Index - jump to page or section
Archive - view past issues
Expat Investor : December 2007
December 2007 EXPAT INVESTOR 13 VISIT www.expatinvestor.com Request more information Read updated news Links to advertisers Fast Facts -- WHEREVER YOU ARE IN THE WORLD QUOTE, UNQUOTE Investments for the expatriate Fast Facts 10490 When the markets act as they have been in recent months it is not surprising that many investors are concerned about their investments. Expatriates are no different in that respect, and in some instances the concerns are exacerbated whilst they are away from home. For instance, there will be many expatriates living in developing economies, albeit temporarily on work contracts, and they will want to be sure that all their investments are protected. Alternatively they may be retired abroad, in which case the protection of their hard-earned wealth, now used to support their overseas lifestyle, is equally crucial. Of course, most expatriates will have opened bank accounts to help them with their day-to-day finances. Many will be aware that banks such as Standard Bank have tailor-made At Royal Bank of Canada Investment Management (Guernsey) we have access to global investment expertise. The Managed Portfolio Approach is designed to provide a diversified, risk- controlled investment portfolio that reflects your personal attitude to risk and reward. It gives you access to the world's capital markets through world- class investment managers in a simple and convenient package. Jon Bridel, Managing Director, explains: "To gain an in-depth understanding of your financial objectives, your private banker and portfolio manager will take you through a systematic evaluation process to help us define your investment objectives and risk tolerance. This process is conducted through our personal investment profiler. This is a software tool that ensures we have a common understanding of your needs and objectives, as well as allowing us to provide a quantitative basis to our recommendation. By discovering your preferences in areas such as capital growth, income generation, time horizon and your attitude to risk, we can help determine the right investment approach for your investment and develop your personal investment strategy." RBC Global Private Banking's Global Investment Solutions process is a client driven strategic process of asset allocation based on a client's risk profile: each portfolio is blended to suit specific needs and risk tolerance. diversification among managers and approaches constructs a sound portfolio. a researched and disciplined process selects top-tier managers and investment products. an open architecture approach combines complementary active and passive investment management styles. detailed manager and product analysis, performance tracking and manager reporting are provided. Just as no investment approach can suit every individual, no investment manager is the best in every asset class, investment style and market cycle. This is why RBC's Global Private Banking network uses a multi- manager approach to build partnerships with leading investment firms across asset classes and geographical regions around the world. The investment manager selection criteria include performance, adaptability to market conditions, investment philosophy and discipline. RBC Global Private Banking looks for skill and prudent methods and expects the highest level of attention to the investment mandates. Performance is closely monitored and managers are replaced if they do not meet exacting standards. This combination of external managers as well as RBC Global Private Banking's own investment specialists reduces risk by giving you a much greater choice and diversity of investment expertise. accounts which take into account the banking needs of those working abroad. However, there remains a significant proportion of those living and working overseas who do not consider their banking needs adequately and retain their ordinary cheque accounts on home soil. First job for the expatriate, therefore, is to make sure they have an appropriate bank account which recognises their special status. Once they have their banking arrangements in place, many expats will then want to consider their investment needs. There are a wide array of products and services available internationally, all designed with differing risk and return objectives in mind. We have witnessed the growing popularity of capital protected or structured growth products in recent years and these are certainly worth considering as a means of both protecting capital and benefiting from the performance of selected stock markets or asset classes. The idea behind them is that the more cautious investor can earn higher returns than would be possible if those same funds were kept in a straightforward deposit account, but without the higher risk approach of direct investment in equities or similar assets. Investments are normally linked to the performance of equities or market indices during the term of the scheme and the level of returns will depend upon how well those markets perform. However, in the majority of these products, the capital is protected and returned at the end of the period of the scheme, regardless of the performance of the underlying investment class. There has been a proliferation of such products and they are normally available for investment on a time- limited first come, first served basis. Minimum investment sums may vary -- typically it would be £10,000 or major currency equivalent -- and the schemes will offer different returns, depending on the nature of the scheme. Although generally speaking the capital is protected, this is not always the case and our advice is not to act until first discussing the product with your professional adviser. The choice of investments these days is extremely diverse and it is the job of the banks, who deliver services to the expatriate market, to ensure that they provide a range of solutions. To find out more from Standard Bank Offshore, enquire through the fast facts number below or visit the Bank's website www.sboff.com Money Tool from Royal Bank of Canada John Coyle, Managing Director, Standard Bank, Isle of Man, points out that the choice of investments for the expatriate market is so vast, investors must proceed with caution. "The idea behind them is that the more cautious investor can earn higher returns than would be possible if those same funds were kept in a straightforward deposit account, but without the higher risk approach of direct investment in equities or similar assets. " "Although, generally speaking the capital is protected, this is not always the case and our advice is not to act until first discussing the product with your professional adviser."
January February 2008