Aim
The Trust aims to achieve its objective by investing in mid-term endowment policies to provide capital growth over the planned life until wind-up on 31st December 2010.
History
The Trust was launched in June 1998 as an efficient way for investors to participate in the mid-term endowment policy market, and has a wind-up date of December 2010. The Trust has invested in policies from a wide variety of UK life companies. These policies have been in force between 5 and 20 years, and will be held to maturity.
Risk & Features
Investment trusts are quoted companies listed on the London Stock Exchange. Their share prices are determined by factors including the balance of supply and demand in the market, which means that the shares may trade below (at a discount to) or above (at a premium to) the underlying net asset value.
(i) Share price source: Lipper, as at market close mid price.
(ii) The Trust releases NAVs on a quarterly basis. Estimated NAVs are published in the Financial Times and by Datastream and are not produced by the Company.
Allianz Dresdner Endowment Policy Trust 2010 PLC is incorporated in England and Wales. (Company registration no. 3517206). Registered Office: 155 Bishopsgate, London, EC2M 3AD. The Company is a member of the Association of Investment Companies - Category: Endowment Policies.
Manager's Review as at 30.06.2010
The Net Asset Value as at 30th June 2010 was 120.2p per share compared to 119.3p as at 31st March 2010.
As at 30th June 2010, the Trust had investments in policies valued at £11.1 million from a total of 22 with profits funds. During the 3 month period to 30th June 2010, the Trust has received proceeds of policy maturities amounting to approximately £5.3 million. The average annualised return on these policies was 2.2%, excluding benefits arising from demutualisations.
Trust Manager
Rupert Marlow,
Director
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Prior to joining RCM in 1987, Rupert worked for Schroders from 1979 to 1985, managing UK pension funds and charities. He then joined Scimitar as head of pension fund investments. At RCM, Rupert initially looked after a range of pension funds and charities as subsequently became involved with quantitative products, being responsible for the launch of the Chariguard Common Investment Funds. Rupert received his MA from Cambridge University and also qualified as a Chartered Accountant with Peat Marwick Mitchell.
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(i) Share price source: Lipper, as at market close mid price.
(ii) The Trust releases NAVs on a quarterly basis. Estimated NAVs are published in the Financial Times and by Datastream and are not produced by the Company.
Allianz Dresdner Endowment Policy Trust 2010 PLC is incorporated in England and Wales. (Company registration no. 3517206). Registered Office: 155 Bishopsgate, London, EC2M 3AD. The Company is a member of the Association of Investment Companies - Category: Endowment Policies.
Source: RCM (UK) Ltd, all data as at 30.06.2010
(i) Share price source: Lipper, as at market close mid price.
(ii) The Trust releases NAVs on a quarterly basis. Estimated NAVs are published in the Financial Times and by Datastream and are not produced by the Company.
Allianz Dresdner Endowment Policy Trust 2010 PLC is incorporated in England and Wales. (Company registration no. 3517206). Registered Office: 155 Bishopsgate, London, EC2M 3AD. The Company is a member of the Association of Investment Companies - Category: Endowment Policies.
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(i) Share price source: Lipper, as at market close mid price.
(ii) The Trust releases NAVs on a quarterly basis. Estimated NAVs are published in the Financial Times and by Datastream and are not produced by the Company.
Allianz Dresdner Endowment Policy Trust 2010 PLC is incorporated in England and Wales. (Company registration no. 3517206). Registered Office: 155 Bishopsgate, London, EC2M 3AD. The Company is a member of the Association of Investment Companies - Category: Endowment Policies.
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