Business conditions for Old Mutual Unit Trusts

BUSINESS CONDITIONS FOR OLD MUTUAL UNIT TRUSTS

By proceeding with this transaction, you agree to be bound by the following business conditions governing the Old Mutual Investment Group Zimbabwe Private Limited’s (OMIGZIM) Unit Trusts products and services. These conditions should be read together with the product terms and conditions detailed on our fund fact sheets and application forms.

DEBIT ORDER, SWITCH IN, REDEMPTION, AND SWITCH OUT TRANSACTIONS.

  • You authorise OMIGZIM to deduct from your bank account, the monthly or lump sum amount indicated on the Investment Selection section. Debit orders will be processed on or near to the 1st/23rd of the month. You, however, confirm that OMIGZIM will not be held liable for losses arising from non-collection of debit orders.
  • You are aware that the minimum investment period is 180 days for the Bond and Property Funds and 30 days for all other funds.
  • You are aware that past performance is not indicative of future performance.
  • You agree to the number of units sold to you by virtue of this application and you warrant that you have full power to enter into and conclude this transaction, with the necessary assistance where such is a legal requirement.
  • You know that the cost of buying units includes an initial charge, an annual management fee and tax on certain components.
  • You are aware that it may take up to 14 days to withdraw your funds depending on prevailing market conditions.
  • You are aware that applicable taxes may be charged when withdrawing funds.
  • You have fully understood the inherent risks identified below and how these may impact negatively the performance of this investment over its life and will not hold OMIGZIM, its affiliates, directors and employees responsible for any loss in value of your investment as a result of the risks outlined below.
  • You authorise OMIGZIM to act upon instructions done online and you indemnify OMIGZIM from any liability, loss or damages you may suffer as a result of OMIGZIM acting upon such instructions.
RISK FACTORS

You understand that the following are the key identifiable risks inherent with investing in this product which may impact negatively on the performance of this investment over its life and agree to indemnify OMIGZIM its affiliates, directors and employees and keep them indemnified from any losses arising from or caused by these inherent risks.

Currency Risk

The loss of value arising from failure to liquidate the investment in the currency in which the investment was made, due to changes in currency regulations.

Market Risk

The risk of loss of value arising from adverse movements in the market value of assets.

Inflation Risk

The loss of purchasing power of the investment as a result of the general and sustained increases in prices of goods and services.

Interest Risk

The risk of investment and income losses resulting from a change in interest rates.

Liquidity Risk

Failure to quickly disinvest due to limited liquidity assets in the fund.


You declare that you have read and fully understood these business conditions.

By Clicking accept you consent to be bound by these terms and conditions as amended from time to time.