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Voyager News Contact: +33 (0)4 93 34 36 00 e: [email protected] w: www.yfsol.com YFSOL strategies 1-4 & YFSOL P Capital Protected Strategy Total funds now circa EUR 9 million NEW: YFSOL Income Strategy YFSOL is pleased to announce the introduction of the YFSOL income strategy which will have more of a focus on income producing assets, as opposed to the pure long term capital growth strategies of the investments in YF1, 2 and 3. The YFSOL Income Strategy is suitable for those who have accumulated a lump sum but want to take an income from their portfolio. NEW Investment funds for the coming months to improve Alternative Investment performance The portfolios will soon see the purchase of a quartet of Pictet environmental themed funds focusing on water, agriculture, timber and clean energy - Alternative Investment Themes designed to broaden the investment exposure and present new growth opportunities. The Victus European Student Accommodation fund invests in student accommodation throughout Europe. The investment model of student accommodation provision has been very successful in the UK, and there is potential for growth in this sector in Europe, where it has yet to be fully capitalised. The Methexis Managed Receivables Fund provides short term finance to UK companies, which is loaned against invoices received for services provided to larger companies. This process, known as ‘factoring’ allows the small company to improve their short term finances by using their invoices as a guarantee to the loan. When the full amount of the invoice is paid by the larger company, the Methexis fund benefits from the gain. The Methexis fund’s risk lies with the Government organisation or larger private company where there is a low risk of default on payment. The Kijani Fund provides finance in the process of trading commodities; in its case gold. Finance is provided to bring an order of gold from mine, to the refinery and then on to a buyer that has already been agreed. For providing finance, the fund takes a profit from the trade process. Following a fact finding trip to Portugal, further investment will also be made into the Sirius Commodity fund to provide additional diversity of returns in this sector. VOYAGER NEWS Voyager Quarterly Review: : Antibes – April 2013 YFSOL 1-3 (Alternative investments) March was an excellent month for YF1-3; all of which reported positive returns YF1 (+1.65%), YF2 (+2.13%), YF3 (+1.75%). Lucent Land Fund, the Lanner Fund and the Montreux Care Home Fund have remained the top performers of the portfolio. The last 12 months has also shown good performance from the Prestige Alternative Finance, Club Easy Student Accommodation, Global Forestry and Fyfield Metal Assets (purchased in late February 2012). Both the student accommodation fund Coral and the agriculture fund Canadian Integrated Agriculture also reported monthly and quarterly gains. March saw currency markets stabilize which had previously been working against the funds for a number of months (despite the majority of underlying investments increasing in value.) Following quarterly review from the investment management team, it was felt that YFSOL 2 ‘Pragmatic’ did not have a distinct asset allocation that was not already to be found in YF1 or YF3. We believe that investors can better achieve their goals more efficiently with an allocation of YF1 and YF3. Therefore we are considering closing YFSOL 2 and reallocating those funds to YF1 and YF3. YFSOL P Structured Investment The YFSOL P Capital Protected Investment has a 5 year term, and following its launch in October 2012, the growth in the JP Morgan Mozaic index as of 31 March 2013 was 3.3%. The structure of the product guarantees to return the investors’ capital (subject to counter-party risk), plus a minimum return of 5% or 40% of the growth in the index; whichever is the higher. We believe the product is currently on track to beat the minimum maturity return of 5%.
