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La solution intégrale

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La solution intégrale. de gestion de placements. Vue d’ensemble. Défis auxquels les investisseurs d’aujourd’hui ont à faire face Erreurs courantes que les investisseurs fortunés commettent et comment les éviter Comment Prestige peut aider. - PowerPoint PPT Presentation

Text of La solution intégrale

  • La solution intgrale de gestion de placements

  • Vue densemble Dfis auxquels les investisseurs daujourdhui ont faire faceErreurs courantes que les investisseurs fortuns commettent et comment les viterComment Prestige peut aider

  • Les investisseurs font face de nombreux dfis Objectifs de placement et tolrance au risque Ralits du march des capitaux Dure et impact des rendements composs Atteinte de vos objectifs ++=

  • Vue densembleDfis auxquels les investisseurs daujourdhui ont faire faceErreurs courantes que les investisseurs fortuns commettent et comment les viterComment Prestige peut aider

  • Erreur N 1: Considrer les placements comme une activit temps partiel Besoin de:Grer les actifs de faon mthodiquetablir des objectifs court et long termeDvelopper une stratgie pour atteindre vos objectifsMesurer les rsultats par rapport des objectifs quantifiablesLaisser les professionnels soccuper de votre argent

  • Prestige fait appel des experts pour constituer et grer votre portefeuille Les gestionnaires de portefeuille professionnels qui grent vos placements sont tris sur le voletLes solutions de portefeuilles Prestige sont examines de manire indpendante par William M. Mercer lteLe logiciel Analyseur Prestige est conu par Money Ware

  • Portefeuilles examins de manire indpendante par William M. Mercer lte Les portefeuilles sont examins trimestriellement pour: Sassurer que les portefeuilles reprsentent une composition dactifs efficace le long dune frontire efficienteSassurer que les portefeuilles conserve un style de gestion neutre

  • Le logiciel Analyseur Prestige est conu par Money WareSocit fonde en 1984Socit de pointe dans le domaine du dveloppement de la rpartition dactifBill Hutchinson a plus de 40 ans dexprienceGestion de placementsLogiciel de dveloppementPionier en matire doptimisation des portefeuilles

  • Erreur N 2: Ne pas avoir de stratgie de rpartition dactifBesoin de rpartition entre: Les catgories dactifs : actions, obligations et liquiditsLes marchs gographiquesLes styles de placement

  • La rpartition dactif est responsable de plus de 90 % du rendement dun portefeuille et de son niveau de risque Rpartition dactif AutresMoment propice Slection de titres Source: Brinson, Singer, tude Beebower, Journal des analystes financiers, mai 1991

  • Rendements par catgorie dactif 1940 9,2 20,7 8,2 3,2 3,81950 19,4 16,913,7 -0,1 0,71960 7,8 15,510,0 1,4 3,01970 5,9 11,510,4 5,5 6,31980 17,5 15,812,212,613,61990 16,7 14,6 9,8 8,711,7Rendements en dollars USSource: Northern Trust Global Advisors Actions US forte capitalisation* Actions US faible capitalisation* Actions canadiennes Obligations US* Obligations canadiennes

  • Aucune composition dactif nest universelle Il faut prendre en compte:Lhorizon tempsLes besoins de revenuLa tolrance au risqueLes attentes en matire de rendement tant donn que vos objectifs changent dans le temps, il devrait en tre de mme pour votre composition dactif

  • Lanalyseur Prestige est quip de fonctions de rpartition dactif stratgique et de planification financire

  • Erreur N 3: Essayer dattraper le march au rebond Erreur N 3: Essayer dattraper le march au rebond 1989-2000 Rendements S&P ($ CA) Investi tout le temps 20,9 %Moins les 10 meilleurs jours 16,7 %Moins les 20 meilleurs jours 13,0 %Moins les 30 meilleurs jours 10,3 %Moins les 40 meilleurs jours 7,9 %Source : Datastream, CI Global Advisors

  • Comment la dure rduit le risque 80 %60 %40 %20 %0 %-20 %-40 %-60 %Actions ordinairesObligations gouvernementales long termeBons du Trsor 1 an 5 ans 10 ans 20 ansStatistiques effectues sur 70 annes civiles (1926-1995) Source : Ibbotson Associates, ChicagoFourchette de rendements moyens annuels

  • Erreur N 4: Laisser les motions influencer les dcisions Les motions peuvent fausser la perceptionElles peuvent conduire des dcisions ractionnelles impulsives agissant en dfaveur de vos objectifsIl vous faut tablir un plan long terme et vous y tenir

  • Rendements du march vs rendements de linvestisseur 1 janvier 1984 31 dcembre 2000 Source : Dalbar18 %16 %14 %12 %10 %8 %6 %4 %2 %0 %S&P 500Moyenne pour linvestisseur en fonds communs dactionsCroissance annuelle compose 16,3 %5,3 %

  • Le projet de placement personnalis Prestige reflte vos objectifs financiers Il prend en compte vos objectifs de placement et votre tolrance au risqueIl propose une composition dactif

  • Erreur N 5: Sattendre ce que la dmarche de placement du gestionnaire fonctionne en permanence Aucun style noffre datout concurrentiel vident Les gestionnaires axs sur la croissance portent leur attention sur les socits ayant dexcellentes perspectives de bnfices et de dveloppementLes gestionnaires axs sur la valeur privilgient les socits dont les titres se ngocient en dessous de leur valeur intrinsque Les styles de placement multiple dbouchent sur une stratgie de styles diversifis risque neutre

  • Choisir les gestionnaires en vogue nest pas la solution Gestionnaires classs parmi les 25 meilleurs pour cent pendant 5 annes conscutives: 1995-1999 Source : Frank Russell Company 73197101995199619971998199980706050403020100

  • Prestige vous donne accs aux meilleurs gestionnaires de portefeuille CI

    Choisissez parmi les meilleurs gestionnaires de portefeuilleFates votre choix entre de multiples styles de placement

  • Erreur N 6: Ne pas avoir de conseiller en gestion de placement Besoin dtablir un cadre stratgique de gestion de vos actifsBesoin de suivre de prs et dvaluer les rsultats de faon continue

  • Votre conseil financier Prestige Examine votre portefeuille Prestige rgulirementSi vos conditions financires changent, il recommande un changement de stratgie pour mieux rpondre vos nouveaux objectifs

  • Un bilan complet sur le portefeuille vous permet de mesurer vos progrs Le processus dtablissement du bilan de Prestige implique: Un rapport trimestriel personnalis sur les rsultatsDes commentaires du gestionnaire de portefeuille soulignant les principaux aspects des participations de leurs portefeuilles et le climat du marchUn panorama dtaill sur les oprations du compte et participations du fonds

  • Vue densemble Dfis auxquels les investisseurs daujourdhui ont faire faceErreurs courantes que les investisseurs fortuns commettent et comment les viterComment Prestige peut aider

  • La commission annuelle Prestige signifie quil ny a pas de surprise de dernire heure Pas de frais dacquisition ou de frais de vente reportPas de pnalits pour rachat anticipElle couvre tous les frais annexes, y compris:Les conseils en gestion de portefeuilleLe bilan des rsultatsLe service en continu

  • Prestige: Une solution intgrale de gestion de placements Un projet de placement personnalis pour rpondre vos besoins et objectifs particuliersUne stratgie de rpartition dactif pour reflter vos objectifsDes portefeuilles diversifis de styles neutresUn rapport complet sur les rsultats afin de mesurer vos progrsUn service en continu assur par votre conseil financierUne seule commission annuelle sans surprises

  • Pour russir en matire dinvestissements sur toute une vie, point nest besoin davoir un QI extrmement lev, un sens inn des affaires ou dtre initi. Tout ce quil faut, cest un bon jugement intellectuel pour prendre des dcisions et la capacit de rfrner ses motions pour quelles naffectent pas ce jugement. Warren Buffet

    Welcome to what Im sure will be an informative evening/afternoon for you. I intend to provide you with as much information as possible on the importance of managed money in your investment portfolio.Today, you will learn about the challenges and objectives facing todays investors. We will discuss some of the common mistakes affluent investors make and how to avoid them. Finally, we will discuss the key benefits of the Insight Program and how Insight can help you meet your financial objectives.

    Investors today face many challenges. With too many products and not enough time to understand them all, obtaining your investment goals may seem like an unattainable dream. An effective investment strategy takes into account your investment objectives and risk tolerance level. This, combined with the effect of compounding returns puts you on the road to achieving your goals.When it comes to making investment decisions, many investors make emotional decisions. To avoid using the influence of emotions to guide your investment decisions, you need to have clearly defined goals and a well thought out strategy. Lets discuss some of the common mistakes that affluent investors make and how to avoid them.For affluent investors, investing must be a business. Your principles of success are the same for investing as for any other business. As the CEO of your own investment company, you need to make sure your assets are managed in a systematic, disciplined way. This means having:a business plan that covers both the short and long termquantifiable goals against which to measure resultsa strategy for attaining your goalsthe right professionals to do the jobThe Insight portfolio managers are selected and monitored by C.I Mutual Funds. William M. Mercers Limited reviews the portfolios on a quarterly basis to confirm all positions are on the efficient frontier and remain style neutral. The Insight Analyzer software, a key component of the program, was designed by Moneyware, a leading-edge asset allocation development firm.The Insight Portfolio mixes have been independently reviewed by investment consultants William M. Mercer Limited. William M. Mercer is an international consulting firm established in 1945 with the reputation of being a world leader in its field.

    They review the portfolios on a quarterly basis to confirm that the portfolios are style neutral.The Insight Analyzer software was designed and developed by Moneyware, a leading-edge asset allocation development firm. The principal of the firm, Bill Hutchison, has over 40 years experience in the investment management industry.Individual investors tend to put more emphasis on investment selection - how to pick specific stocks, bonds and mutual funds, than any other aspect of the investment process.Diversifying your assets into various allocation structures is key. Diversification can be achieved by using different allocation structures, e.g. asset class, geographic region or management style.Every serious investor should have an asset allocation policy - a strategic, long-term framework which lays out a mix of investments with the balance of risk and return thats right for the individual. This policy should be in place before any investment managers are hired.Studies show that over 90% of a portfolios return and risk level depends on asset allocation - how the portfolio is divided among different investment classes such as stocks, bonds and cash equivalents.

    The chart shows large discrepancies in asset class returns over the years. Since markets are cyclical, it is wise to diversify your portfolio into various asset classes. It is also important to have reasonable return expectations. Long-term asset class returns are your best guide to predicting future performance. When developing your allocation strategy, its vital to start with the right questions, as well as a solid perspective on the historical risk and return characteristics of the various asset classes. Look at several investment scenarios and evaluate how well each mix fits your needs, depending on your:Time horizonIncome requirementsRisk toleranceReturn expectationsLike your overall investment plan, your asset allocation strategy should not be set in stone. Its wise for you and your financial consultant to revisit asset allocation issues periodically.The Insight Analyzer software not only helps recommend the asset allocation structure appropriate to meet your financial objectives, it allows you to explore a number of what if scenarios for future planning purposes.Warren Buffet said, Its not timing the market, its time in the market. Market timing is too risky. If you miss the best trading days, your returns are greatly affected. Your real risk as an investor is missing out on the likelihood of such returns. Your risk is not being invested, or invested on the best performing days of the market.Market timing involves high exposure to manager risk. Asset allocation minimizes manager risk, preferring to substitute the assurance of the historical upward bias of the market to produce positive returns over time. Asset allocation operations are more akin to investing; market timing is a trading effort in the attempt to constructively exploit shorter-term cyclical events.This chart illustrates the effect of time on investment returns. As you can see, a longer time horizon experiences less volatility.Most of us encounter strong emotions when dealing with money issues. If you truly want to take control of your financial destiny, you must make sure emotional reactions such as anger, impatience, denial, procrastination and panic dont lead you astray. How do you guard against that? By having a logical, well-thought-out investment game plan; one you genuinely believe in and to which you are willing to commit, long-term. Once youve developed a sound plan, youll have the confidence and the patience to stick with your original plan.This chart illustrates how the average mutual fund investor fares versus a benchmark index. As you see, the results are significant.Following a structured investment plan is essential if you want to meet your long-term goals. Using Insight, your financial consultant works with you to define your investor profile - a summary of your investment objectives, time horizon and risk tolerance. Your investor profile forms the foundation of your long-term investment strategy. Using the Insight Analyzer asset allocation software, your financial consultant will develop a customized asset mix that will maximize your return for the level of risk you are comfortable with.

    Even the most gifted investment managers, with their documented records of exceptional performance, endure periods when their approaches dont work. When that happens, its not because the managers suddenly lost his or her touch, its because the market doesnt favour that particular approach at that point in time. While management philosophies differ in many ways, nearly every approach is a variation on one of two fundamental styles - growth investing and value investing.Successful investors diversify between growth and value styles to spread the risk and increase the stability of returns. When you recognize that style drives performance and that you cant expect a manager to shine all the time, the whole job of working with investment managers becomes much easier.The chart shows why picking todays hot manager is not the solution. In fact, past performance as a stand alone indicator has the same predictive power as flipping a coin!Insight offers you the same investment management expertise retained by large pension funds, at account minimums suitable for individual investors. With Insight, you have access to a broad range of mandates and investment styles, including Canadian, US and International equity and fixed income managers.

    You may be wondering how you will find the time to develop an investment plan, create an asset allocation strategy, select managers, monitor and evaluate results and accomplish all the other things this business of investing entails. For many affluent investors, the solution has been to seek the help and expertise of an experienced, knowledgeable investment management consultant. As your financial consultant, my job is to help you create a strategic framework for the successful management of your assets. We will meet on a regular basis to review your Insight portfolio. You will benefit from my experience as a consultant in managed portfolios. I offer you an ongoing consulting relationship that provides an independent and objective evaluation of your portfolio management.The success of your investment strategy is measured by its ability to meet your goals over the long-term. On a quarterly basis, you will receive a comprehensive reporting package to help you monitor the performance of your Insight account. At this point, lets review how Insight can help you meet your financial objectives.Insight addresses all of your investment needs, providing you with professional investment management expertise and the close working relationship of your financial consultant. No hidden surprises means you only pay for what you use!In summary, Insight provides you with many key benefits as an investor:customized investment plan to meet your individual needs and objectivesstrategic asset allocation to reflect your goalsaccess to select portfolio managers normally only available with a higher minimum investmentcomprehensive performance reporting to measure your progressongoing servicing by your financial consultantone annual fee for all services eliminates potential conflict of interestThank you for your time today. If you have any questions, Ill be happy to answer them now.