Fund Manager Top Pick for 2012!

This fund has been selected by BNP Paribas as a Top Pick Fund for 2012.

Why do the Investment Managers think it has good growth and investment potential?

Target Click Funds are a range of 'new generation' guaranteed lifecycle funds. Each offers a specific target date between 2011 and 2040 with the aim of helping you plan for your financial future. If held until maturity, they offer full capital protection along with the certainty that investment gains made during the life of the product are secured.

They combine return, security and flexibility in a single package.

It's a way of planning for your financial future in a convenient way with little time commitment. An ideal solution if you need to save for long-term financial goals such as retirement income but don't want to risk making loses on your investments.

Why do you believe this fund will outperform?

The guarantee of the target click funds is based on a strong financial backbone, they offer a unique guarantee structure and provide full protection if held till maturity. In downward markets the performance of the funds was much better than the performance of our competitors.

As at December 2011 BNP Paribas has a Standard and Poor's rating of AA-.

What is the fund objective?

BNP Paribas Investment Partners has launched Target Click Funds - a range of funds, each with a specific target date between 2015 and 2035 which all deliver a guaranteed payout at maturity.

They are an ideal solution for those wanting to plan for long-term financial goals. Target Click Funds combine return, security and flexibility in a single, convenient package.

What's the deal with Target Click Funds?

Target click funds can seem a little tricky, but there's a simple way to work out whether they're worth considering.

If you ...

worry about the future and how you'll get by when you retire,
have children or people you want to help provide for in years to come, or
ever thought about investing but felt you couldn't afford to risk your savings?

... then, it's worth reading on.

BNP Paribas offer Target Click Funds (let's call them TCFs). Each fund has a set target date between 2015 and 2035 when it matures with a guaranteed payout.

How they're made up

The funds are made up of cash, equities and fixed income - all working together to constantly rebalance exposure and increase the guaranteed value.

Composition

How they work

The fund allocation is worked around the target date so, funds with target dates further away, have a higher equity share than funds with shorter dates. And they all benefit from opportunities in the US, Asian and European equity markets.

This illustration shows how gains are locked in. This happens at the end of each day if the price is higher than the current value. These gains can't be lost. As long you hold on to a TCF until maturity, you're guaranteed the highest unit value achieved during the life of the fund.

In other words, if the fund performs well early on, but suffers in later years, you'll receive the value the fund reached before performance dipped.

View guaranteed daily prices

And at maturity ...

At maturity, the fund's wound up and the final guaranteed value is paid out. This will be equal to the highest monthly closing price achieved during the life of the fund. Oh, and the maturity date is always 31st October in the fund's final year.

Who is BNP?

BNP Paribas Investment Partners is one of the largest asset managers in the world with around €551 bn in assets under management and over 3,800 employees in 44 countries. It's part of BNP Paribas, a European leader in global banking and financial services and one of the six strongest banks in the World according to Standard & Poor's.

The Group currently operates in four domestic retail banking markets in France, Italy, Belgium and Luxembourg and has one of the largest international networks with operations in 80 countries and approximately 205,000 employees (as at 03/31/2010).

BNP Paribas has key positions in three core businesses currently, namely:

Retail banking
Corporate & Investment Banking
Investment Solutions

More about BNP

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Costs

BNP Paribas Investment Partners allows distributors to charge up to 5% for this fund (as per prospectus). At RaboDirect you will only pay 0.75% entry fee and 0.75% upon exit. We never charge for unexecuted or cancelled orders or for that matter cost of account maintenance.

Warning: Past Performance is not a reliable guide to future performance. The value of your investment may go down as well as up. Some Investment Funds may be affected by changes in currency exchange rates.

* Funds frequently bought together: This is for the information of our customers, and potential customers, based on general customer investment patterns, and does not constitute advice from us that you invest in any particular fund or a recommendation from us that a particular fund is suitable for you.