THE CORONATION CLIENT CHARTER · 2020-07-16 · 4. Neville Chester. SENIOR PORTFOLIO MANAGER. BCom, CA (SA), CFA. Neville is a senior member of the investment team with 23 years’

We strive to always put clients first

We have an unwavering commitment to the long term

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THE CORONATIONCLIENT CHARTER

2

2

Global Emerging Markets Team

October 2020

3

GROWTH OF R100 000 INVESTED ON 15 MARCH 1999 (CORONATION OPTIMUM GROWTH VS THE MSCI WORLD INDEX)

The Power of Alpha in a Flexible Mandate

Performed quoted net of fees from Morningstar as at 30 September 2020 for a lump sum investment with income distributions reinvested* MSCI World Index** Since inception of the A-class in March 1999Source: Coronation

4

AGENDAOutlook, positioning and performance– Gavin Joubert

Brazilian payments: Stone & PagSeguro– Lisa Haakman

Russian tech: Yandex– Iakovos Mekios

Cloud & Salesforce– Marc Talpert

China internet– Suhail Suleman

5

Gavin JoubertHEAD OF GLOBAL EMERGING MARKETS

BBusSc, CA (SA), CFA 21 years’ investment experience

Joined Coronation in 1999, senior staff partner

Head of Coronation’s Global Emerging Markets unit

Lead portfolio manager on Coronation Optimum Growth Fund

Lead GEM portfolio manager since strategy inception

6

Outlook | Positioning | Performance

7

Emerging Markets macro snapshot

Emerging Advisors Research

EM Retail sales growth China IP and retail sales growth EM vs. DM retail trade growth

China Q3 GDP growth: +4.9%

8

Emerging Markets macro snapshot & GEM fund positioning

Source: BCA

ChinaKoreaTaiwan

53%

Developed markets

13%India

10%Brazil/Mexico

10%Russia

8%LVMHKeringAdidasPhillip MorrisHeineken

Financials (HDFC)Global IT services(Infosys, TCS)

Fintech 4%Femsa 2.5%CBD 2%

Food Retail (Magnit/X5) 4.5%Yandex 2%

9

Summary of views and positioning

Economies around the world have started recovering, but to varying degrees

Global equity markets are no longer cheap, but also not expensive

For many companies life has changed (+ and - depending)

Plenty of risks remain: Covid generally, US elections, Brexit (UK and Europe)

Still finding selected good investment opportunities in both DM and EM

10

COUNTRY EXPOSURE AS AT 30 SEPTEMBER 2020

Coronation Global Emerging Markets Flexible Fund

Source: Coronation

MSCI EM weights

China 41.9%Taiwan 12.8%South Korea 12.1%India 8.2%Brazil 5.5%South Africa 3.5%Russia 3.0%Mexico 1.7%Indonesia 1.2%

11

TOP 20 HOLDINGS AS AT 30 SEPTEMBER 2020


Source: Coronation

Country % Portfolio

Alibaba China 5.9%Naspers South Africa 4.7%JD.com China 4.5%HDFC India 3.7%Ping An Insurance China 3.7%Wuliangye Yibin China 3.1%NetEase.com China 2.6%Philip Morris International United States 2.5%Prosus Netherlands 2.5%Femsa Mexico 2.4%TSMC China 2.4%Yandex Russia 2.1%Samsung Electronics South Korea 2.0%Companhia Brasileira De Distribucao Brazil 1.9%Sberbank Russia 1.8%Airbus France 1.8%Naver South Korea 1.7%LVMH France 1.7%Tencent Music China 1.7%X 5 Retail Group Russia 1.6%

54.5%

12

PERFORMANCE FOR PERIODS ENDING 30 SEPTEMBER 2020


* Since inception of the A-class in January 2008. P-class inception date is April 2013. Returns are spliced with A-class returns for the period prior to the launch of the P-classNote: returns are net of fees in fund currency (ZAR)

YTD 1 year 3 years (p.a.)

5 years (p.a.)

10 years (p.a.)

* Since inception

(p.a.)

A-class 20.2% 25.4% 9.0% 16.1% 13.0% 10.9%

P-class 20.5% 25.9% 9.5% 16.5% 13.3% 11.1%

MSCI Emerging Markets Index 18.3% 22.4% 9.9% 13.2% 12.1% 8.9%

FTSE JSE/SWIX -6.6% -2.2% -0.4% 2.9% 9.1% 8.2%

13

ASSET & COUNTRY EXPOSURE AS AT 30 SEPTEMBER 2020

Coronation Optimum Growth Fund

Source: Coronation

14

TOP 20 HOLDINGS AS AT 30 SEPTEMBER 2020


Source: Coronation

Country % Portfolio

Alibaba China 2.8%Alphabet United States 2.7%JD.com China 2.4%Heineken Netherlands 2.4%Naspers South Africa 2.4%Salesforce.com United States 2.3%Visa United States 2.1%Microsoft United States 2.1%Philip Morris International United States 2.1%Facebook United States 2.0%Unilever United Kingdom 1.9%Diageo United Kingdom 1.8%HDFC India 1.7%Ping An Insurance Group China 1.7%Magnit Russia 1.6%Amazon.com United States 1.6%British American Tobacco United Kingdom 1.5%Mercado Libre Argentina 1.5%Spotify Sweden 1.5%LVMH France 1.4%

39.3%

15

PERFORMANCE FOR PERIODS ENDING 30 SEPTEMBER 2020


* Since inception of the A-class in March 1999. P-class inception date is April 2013. Returns are spliced with A-class returns for the period prior to the launch of the P-class** Benchmark - Composite: 35% JSE CAPI, 15% ALBI, 35% MSCI ACWI, 15% BGBA

YTD 1 year 3 years (p.a.)

5 years (p.a.)

10 years (p.a.)

* Since inception

(p.a.)

A-class 22.5% 24.6% 13.0% 15.4% 16.8% 14.8%

P-class 22.9% 25.2% 13.5% 15.9% 17.2% 14.9%

Benchmark ** 11.0% 12.3% 9.3% 9.5% 13.1% 11.4%

16

International investment team based in South Africa

* (years investment experience; years work experience) | ** Based in the Namibia office

GLOBAL EMERGING MARKETSGavin Joubert: CFA, Head of GEM (21; 26) *

Suhail Suleman: CFA, analyst (18; 18)

Lisa Haakman: CFA, analyst (14; 18)

Iakovos Mekios: CFA, analyst (7; 15)

Marc Talpert: CFA, analyst (6; 9)

Paul Neethling: CFA, analyst (8; 14)

Adam Spagnoletti: CFA, analyst (14; 17)

Ori Sachs: CFA, analyst (5; 8)

Chenghuan Deng: analyst (2; 6)

Nicole Maduray: analyst (2, 9)

Fixed Income team (10 analysts/PMs)• All global macro economic + currency analysis

Time spent researchingEmerging market stocks 80%Global developed stocks 20%

Specialist ESG analyst (1)• Supports broader investment team analysts with pertinent

ESG input

GLOBAL DEVELOPED EQUITYNeil Padoa: Head: Global Developed (12; 20)

Louis Stassen: CFA (30; 30)

Humaira Surve: CFA, analyst (8; 13)

Henk Groenewald: CFA, analyst (17; 20)

Steven Barber: CFA, analyst (9; 13)

Chris Cheetham: CFA, analyst (9; 12)

John Parathyras: CFA, analyst (8; 13)

Danie Pretorius: analyst (11; 18)

Runé Fernhout: analyst (0; 6)

GLOBAL FRONTIERSPeter Leger: CFA, Head of GF & AF (22; 22)

Gregory Longe: CFA, analyst (7; 10)

Floris Steenkamp: CFA, analyst (6; 11)

Curtis Schacht: analyst (1; 5)

Colin Kalimba: analyst** (1; 2)

South African Equity team (21 analysts/PMs) • Cover all South African stocks + some global• All global commodity price work

Time spent researchingEmerging market stocks 20%Global developed stocks 80%

17

Lisa HaakmanPORTFOLIO MANAGER/ANALYST

CA (SA), CFA14 years’ investment experience

Joined Coronation in 2016 as a GEM equity analyst

Co-manages the Coronation Global Emerging Markets Flexible Fund

18

Stone & PagSeguro

19

A BRIEF HISTORY LESSON

Brazilian payments industry

Source: Atlantico

60%

22%15%

3%

0%

10%

20%

30%

40%

50%

60%

70%

Cash Debit card Credit card Others

Payment method most used for in-person transactions in Brazil 2018

Pre-2010Brazilian merchant acquiring industry was a legal duopoly between Cielo (Visa) and Rede (MasterCard) Cielo and Rede charged high fees, while offering little in returnCard penetration remained low

Post-2010In 2010 these exclusive rights were terminatedThis enabled the entrance of Stone (focused on SMMEs) and PagSeguro (focused on micro-merchants)

20

Stone and PagSeguro entered the market with a superior product, lower prices and better service levels

Incumbents are now fighting for survival

Still a large pie for Stone and PagSeguro to play for – incumbents still have an 81% market share

72.7%

64.2%57.5%

0%

10%

20%

30%

40%

50%

60%

70%

80%

Dec

-08

Dec

-09

Dec

-10

Dec

-11

Dec

-12

Dec

-13

Dec

-14

Dec

-15

Dec

-16

Dec

-17

Dec

-18

Dec

-19

Cielo EBITDA margin

49.5%45.4%

26.4%

A changing industry

Source: Atlantico | Company reports

Merchant discount rate over time

0%

10%

20%

30%

40%

50%

60%

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

Q22

0

Market share

Cielo Rede Santander

Stone PagSeguro Banrisul

21

The banking sector is also ripe for disruption

Atlantico

The sector is concentrated and over-earning

Customers are generally unhappy

Net promoter score by bank in Brazil

22

Stone… supporting SMEs

Stone company reports

ABC strategy = acquiring, banking, credit…. a full ecosystem for merchants

Key proposition = software add-ons that empower businesses

161

201

234

268

306

349

414

481

531 519

1Q18

2Q18

3Q18

4Q18

1Q19

2Q19

3Q19

4Q19

1Q20

2Q20

Thou

sand

s

Active merchant acquiring customers

+49%

618

62

122

248

285

2Q19 3Q19 4Q19 1Q20 2Q20 Jul-20

Thou

sand

s

Active banking customers

+2.0x

2.2

7.6

24.2

30.9

46.6

56.1

2Q19 3Q19 4Q19 1Q20 2Q20 Jul-20

Thou

sand

s

Active credit customers

+51%

57

100

135

155

283

306

2Q19 3Q19 4Q19 1Q20 2Q20 Jul-20

Thou

sand

s

Active software customers

+83%

23

PagSeguro… targeting micro merchants

PagSeguro company reports

Offers the whole ecosystem to micro merchants, including facilitating online transactions

PagBank growing extremely quickly

24

Both generate

high returns on equity

Market share gains

Banking penetration is still low

Cash to card

conversion set to

accelerate

High quality compounders with a long runway for growth

1/3 of Brazilians don’t have a bank account

Card penetration only at 33% now

Stone and PagSeguro have a 19% combined market share of the merchant acquiring marketPagSeguro has <1% market share of the banking sector

AND can continue to compound for many years

Believe both are winners in the sector and are attractively valued over the longer term

25

Iakovos MekiosPORTFOLIO MANAGER/ANALYST

Ptychion (BSc), MIA, IMC, CFA7 years’ investment experience


Co-manages the Coronation Global Emerging Markets Flexible Fund

POLL QUESTIONHow many of these online services have you used in the last month?

27

Yandex

28

Yandex

TaxiOther businesses

Search & Media Yandex.Market & Beru

29

Invested in Yandex as far back as 2011

Continued to follow the

business as it evolved

Things changed in

2018

Multiple meetings over the course of

the year

Background of investment

Moscow - April 2018Russia internet trip -September 2018

Sold out when Google made big inroads into their market share in 2015

Anti-competitive behaviourby Google was blockedYandex Taxi won the ride-hailing battle in Russia“Other” ventures became meaningful in their lives

30

Key drivers of investment case

Source: Yandex Market Research | Association of Communication Agencies (AKAR)

Search a cash cow with incredibly high barriers to entry for the strong incumbent

Advertising still migrating online in Russia

Yandex.Taxi dominant in mobility and logistics with 75% share of online

YT already profitable and gaining scale

0%

20%

40%

60%

80%

100%

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Advertising market value by segment, ex-VAT, Rub mn

Internet Out of home Radio TV Printed press

31

Areas of optionality

Source: Data Insight | Bloomberg | Note: 2018 & 2019 reflect actual sales

Russian internet ecosystem is still quite open

E-commerce a large, nascent opportunity

Lots of other investments in related verticals Others, 71%

Wildberries, 13%

AliExpress Russia, 8%

Ozon, 6% Yandex, 2%

Bustling MarketplaceRussia's e-commerce leaders only make up about on third of the market

0

2

4

6

8

2018 2019 2020 2021 2022 2023 2024

Trilli

on ru

bles

Online explosionRussia added 10 million e-commerce shoppers during the pandemic

Base forecast Sales to customers who migrated online during Covid-19

32

Marc TalpertPORTFOLIO MANAGER/ANALYST

BAccSc, HDipAcc, CA (SA), CFA6 years’ investment experience


Co-manages the Coronation Optimum Growth Fund

33

Cloud & Salesforce

34

A SIMPLE WORD WHICH COVERS A VAST ECO-SYSTEM

Cloud

What is it?On-demand access to computingDivided into three sub categories:

Why adopt cloud solutions?

On-premise data moves online

Analysis and access becomes easier

Data becomes more valuable

IaaS

PaaS

SaaS

Infrastructure as a service

Platform as a service

Software as a service

35

COST SAVINGS AGILITY SECURITY REDUNDANCY IMPROVEMENTS

REAL TIME DATA ANALYSIS

ANALYSIS FROM ANYWHERE

WHAT AND WHY?

Cloud

Why is cloud adoption growing?

Long runway for growthOnly ~25% of businesses workloads have migrated to the cloud With adoption accelerating COVID-19 further accelerating an already powerful structural trend

36

Sustained long term

growth

Tailwinds from

structurally growing market

Led by visionary

management team

business with highly attractive economics

Salesforce

Source: Salesforce

What does the business do?

Why Salesforce?

Solving critical business problems Customer relationship software

37

Salesforce

Source: Salesforce

Extremely dominant and growing rapidly As businesses strive to understand their customers better With Salesforce being a key enabler in this process

MARKET POSITIONING OF THE BUSINESS

38

Suhail SulemanPORTFOLIO MANAGER

BBusSc, CFA18 years’ investment experience

Joined Coronation in 2007

Portfolio Manager within the Global Emerging Markets investment team

39

China internet

40

The industry leaders in 2010 (by market cap)

$33.6bn $39.6bn

$4.7bn

$5.8bn

Source: Bloomberg

41

The industry leaders in 2020 (by market cap)

$614.7bn$578.7bn

$340bnBookbuild for IPO just

complete $130.0bn

$121.5bn

$41.3bn

$15.4bn

$72.6bn

$58.9bn

Green bubbles = new listings since 2010 | Source: Bloomberg

42

Key characteristics

Incredibly innovative industry with high failure rate

Outsized returns for industry leaders

E-Commerce and gaming dominated

Financial services, restaurants and health rapidly moving online

COVID19 has brought forward development by several years

43

Market dynamics

Highest online sales penetration

Source: CLSA

17.7

25.8

10.8

13.3

25.3

19.2

0

5

10

15

20

25

30

ChinaB2C China US Japan Korea UK

%

2017 2018 2019

44

Food delivery and takeout exploding

Strong growth in restaurant revenues

But exponential growth in food

deliveries

Evolving into a duopoly between

Meituan and Ele.me (Alibaba)

Source: CLSA

3.53.9

4.34.7

4.44.8

5.3

0

1

2

3

4

5

6

2016 2017 2018 2019 20CL 21CL 22CL

(Rmbtn)

166274

425

578700

960

1,287

0

200

400

600

800

1,000

1,200

1,400

2016 2017 2018 2019 20CL 21CL 22CL

(Rmbbn)

31% CAGR

0.0

0.2

0.5

1.3

1.8

2.2

0.0

0.2

0.5

1.4

1.8

2.1

0.0 0.5 1.0 1.5 2.0 2.5

Other

Koubei

Dazhong Dianping

Meituan app

Ele.me

Meituan delivery

Post Covid Pre Covid

45

Covid impact on fresh food sales

Online already > standalone supermarketsSource: CLSA

Supermarket, 28%

Wet market, 35%

Online supermarket, 16%

Delivery apps, 14%

Ohers, 7%

Pre Covid

Supermarket, 21%

Wet market, 24%

Online supermarket, 27%

Delivery apps, 21%

Ohers, 7%

Post Covid

46

$9trn electronic payment market

Source: CLSA

15

30 28

13

6226

31

5

57

18

8

19

23

57

16 441

8 7 11 15

0

10

20

30

40

50

60

70

80

90

100

China US Japan UK S. Korea

(%)

Consumer payment methods by country

Credit Card Debit Card Electronic Cash ePayment

81 82

68

54 55 54 54

411

2138 40 39 39

157 11 9 5 7 6

0

10

20

30

40

50

60

70

80

90

100

2013 2014 2015 2016 2017 2018 2019

(%)

Also evolving into a stable duopoly in China

Alipay Tenpay Others

47

China internet in the GEM Flexible Fund

Company Main focus Position size (%)

Tencent (via Naspers/Prosus) Gaming 7.3%

Alibaba eCommerce 5.9%

JD.com eCommerce 4.5%

Netease Gaming 2.6%

Tencent Music Music 1.7%

Meituan Dianping Food delivery 1.6%

Trip.com Travel 1.4%

Total 24.8%

Source: Coronation

48

QUESTIONS

50

All information and opinions provided are of a general nature and are not intended to address the circumstances of any particular individual or entity. As a result thereof, there may be limitations as to the appropriateness of any information given. It is therefore recommended that the client/potential investor first obtain the appropriate legal, tax, investment or other professional advice and formulate an appropriate investment strategy that would suit the risk profile of the client/potential investor prior to acting upon information. Neither Coronation Fund Managers Limited, Coronation Management Company (RF) (Pty) Ltd nor any other subsidiary of Coronation Fund Managers Limited (collectively “Coronation”) is acting, purporting to act and nor is it authorised to act in any way as an advisor. Coronation endeavours to provide accurate and timely information but we make no representation or warranty, express or implied, with respect to the correctness, accuracy or completeness of the information and opinions. Coronation does not undertake to update, modify or amend the information on a frequent basis or to advise any person if such information subsequently becomes inaccurate. Any representation or opinion is provided for information purposes only. Unit trusts should be considered a medium- to long-term investment. The value of units may go down as well as up, and is therefore not guaranteed. Past performance is not necessarily an indication of future performance. Unit trusts are allowed to engage in scrip lending and borrowing. Performance is calculated by Coronation for a lump sum investment with income distributions reinvested. All underlying price and distribution data is sourced from Morningstar. Performance figures are quoted after the deduction of all costs (including manager fees and trading costs) incurred within the fund. Note that individual investor performance may differ as a result of the actual investment date, the date of reinvestment of distributions and dividend withholding tax, where applicable. Where foreign securities are included in a fund it may be exposed to macroeconomic, settlement, political, tax, reporting or illiquidity risk factors that may be different to similar investments in the South African markets. Fluctuations or movements in exchange rates may cause the value of underlying investments to go up or down. The Coronation Money Market fund is not a bank deposit account. The fund has a constant price, and the total return is made up of interest received and any gain or loss made on any particular instrument, in most cases the return will merely have the effect of increasing or decreasing the daily yield, but in the case of abnormal losses it can have the effect of reducing the capital value of the portfolio. Excessive withdrawals could place the fund under liquidity pressures, in such circumstances a process of ring-fencing of redemption instructions and managed pay-outs over time may be followed. A fund of funds invests in collective investment schemes that levy their own fees and charges, which could result in a higher fee structure for this fund. A feeder fund invests in a single fund of a collective investment scheme, which levies its own charges and could result in a higher fee structure for the feeder fund. Coronation Management Company (RF) (Pty) Ltd is a Collective Investment Schemes Manager approved by the Financial Sector Conduct Authority in terms of the Collective Investment Schemes Control Act. Unit trusts are traded at ruling prices set on every trading day. Fund valuations take place at approximately 15h00 each business day, except at month end when the valuation is performed at approximately 17h00 (JSE market close). Forward pricing is used. Additional information such as fund prices, brochures, application forms and a schedule of fund fees and charges is available on our website, www.coronation.com. Coronation Fund Managers Limited is a Full member of the Association for Savings & Investment SA (ASISA). Coronation Asset Management (Pty) Ltd (FSP 548), Coronation Investment Management International (Pty) Ltd (FSP 45646) and Coronation Alternative Investment Managers (Pty) Ltd (FSP 49893) are authorised financial services providers.

Any fees provided in this presentation are for indicative purposes only (and are therefore subject to adjustment in the event that Coronation changes its fees prior to the conclusion of any mandate or pooled investment), unless specifically stated to be a fee quote, in which event the fee quote will be valid for a period of 6 months from the date of the presentation.

Disclaimer

51

FAIS requirementsCORONATION ASSET MANAGEMENT (PTY) LTDRegistration No. 1993/002807/07Herein after referred to as ‘Coronation’INFORMATION IN TERMS OF THE FINANCIAL ADVISORY AND INTERMEDIARY SERVICES ACTCoronation is a licensed Category II Financial Services Provider in terms of section 8 of the Financial Advisory and Intermediary Services Act 37, 2002 (licence number 548). Coronation is not authorised to provide advice in terms of the Financial Advisory and Intermediary Services Act 37, 2002. Coronation has been authorised to render discretionary intermediary services.Coronation is authorised to provide financial services for the following financial products:Long-Term Insurance : Category C; Pension Funds Benefits (excluding retail pension benefits); Shares; Money market instruments; Debentures and securitised debt; Warrants, certificates and other instruments; Bonds; Derivative instruments; Participatory interests in Collective Investment Schemes; Short Term Deposits; Long Term Deposits; Structured Deposits; Participatory interests in a CIS Hedge Fund.

The following exemptions are applicable to the licence:Exemption of investment managers and linked investment services providers and their related functionaries from fit and proper requirements (Board Notice 97 of 2003).Exemption of licensees as regards display certified copies of licenses (Board Notice 40 of 2004).Exemption of Services under Supervision, 2018 (FSCA FAIS Notice 86 of 2018).

The following employees have been appointed as Key Individuals and/or Authorised Representatives:

Key individualsAnton Pillay; Karl Leinberger; Kirshni Totaram; Neville Chester; Louis Stassen; Llewellyn Smith.

Authorised representativesAdrian van Pallander; Hendrik Groenewald; Alistair Lea; Karl Leinberger; Anton de Goede; Kirshni Totaram; Pranay Chagan; Quinton Ivan; Charles de Kock; Sarah-Jane Morley (married Alexander); Dirk Kotzé; Sean Morris; Louis Stassen; Neill Young; Siphamandla Shozi; Gavin Joubert; Neville Chester; Stephen Peirce; Pallavi Ambekar; Suhail Suleman; Peter Leger; Tracy Burton; Nishan Maharaj; Nicholas Hops; Steve Janson; Mauro Longano; Henry Moolman; Gus Robertson; Sinovuyo Ndaleni, Greg Longe; Adrian Zetler; Neil Padoa; Nicholas Stein; Anthony Gibson, Seamus Vasey (supervised), Liesl Abrahams (supervised); Steven Barber (supervised); Humaira Surve (supervised); Godwill Chahwahwa; Danie Pretorius; Lisa Haakman; Marc Talpert (supervised); Iakovos Mekios (supervised); Kganya Kgare (supervised); Azola Lowan (supervised); Tumisho Motlanthe (supervised); Paul Neethling (supervised); Floris Steenkamp (supervised); Sibongiseni Khumalo (supervised); Chris Cheetham (supervised); John Parathyras (supervised), Siviwe Mazwana

All Key Individuals and Representatives meet the fit and proper requirements as set out in the Board Notices to the Financial Advisory and Intermediary Services Act 37, 2002.

Coronation holds professional indemnity and fidelity insurance cover as stipulated in the General Code of Conduct and Board Notices to the Financial Advisory and Intermediary Services Act 37, 2002. Coronation accepts responsibility for its actions and the actions of its authorised representatives in rendering the financial services.

Any information disclosed to any of Coronation’s Authorised Representatives in their professional capacity will be treated as confidential unless written consent is obtained to disclose such information, or the disclosure of such information is required in the public interest or under a particular law.The appointed Compliance Officers are:Jamie Rowland Stephan KempTel: 021 680 2809 021 680 7703Fax: 021 680 2859 021 680 7753Cell: 082 434 4622 082 351 2401E-mail: [email protected] [email protected]

Coronation’s Conflicts of Interest Management Policy, in terms of General Code of Conduct issued in terms of the Financial Advisory and Intermediary Services Act, No 37 of 2002, is available on Coronation’s website, www.coronation.com, or on request from the Compliance Officer.All complaints are taken seriously and Coronation’s aim is to ensure that all complaints are investigated and addressed in a timely and fair manner.To lodge a complaint, please contact either your Fund Manager or one of the compliance officer’s listed above.

Presenter

Presentation Notes

CAM

mailto:[email protected]


52

CORONATION INVESTMENT MANAGEMENT INTERNATIONAL (PTY) LTDRegistration No. 2014/111656/07Herein after referred to as ‘Coronation’INFORMATION IN TERMS OF THE FINANCIAL ADVISORY AND INTERMEDIARY SERVICES ACTCoronation is a licensed Category II Financial Services Provider in terms of section 8 of the Financial Advisory and Intermediary Services Act 37, 2002 (licence number 45646). Coronation is not authorised to provide advice in terms of the Financial Advisory and Intermediary Services Act 37, 2002. Coronation has been authorised to render discretionary intermediary services.Coronation is authorised to provide financial services for the following financial products:Long-Term Insurance : Category C; Pension Funds Benefits (excluding retail pension benefits); Shares; Money market instruments; Debentures and securitised debt; Warrants, certificates and other instruments; Bonds; Derivative instruments; Participatory interests in Collective Investment Schemes; Short Term Deposits; Long Term Deposits; Structured Deposits; Participatory interests in a CIS Hedge Fund.


The following employees have been appointed as Key Individuals and/or Authorised Representatives:Key individualsLouis Stassen; Kirshni Totaram

Authorised representativesLouis Stassen; Gus Robertson; Gavin Joubert; Karl Leinberger; Kirshni Totaram; Peter Leger; Stephen Peirce; Suhail Suleman; Greg Longe; Neil Padoa; Anthony Gibson, Liesl Abrahams (supervised); Steven Barber (supervised) ; Humaira Surve (supervised); Danie Pretorius; Lisa Haakman; Marc Talpert (supervised); Iakovos Mekios (supervised); Paul Neethling (supervised); Floris Steenkamp (supervised); Chris Cheetham (supervised); John Parathyras (supervised)





FAIS requirements

Presenter

Presentation Notes

CIMI



53

CORONATION ALTERNATIVE INVESTMENT MANAGERS (PTY) LTDRegistration No. 2018/521040/07Herein after referred to as ‘Coronation’INFORMATION IN TERMS OF THE FINANCIAL ADVISORY AND INTERMEDIARY SERVICES ACTCoronation is a licensed Category II and Category IIA Financial Services Provider in terms of section 8 of the Financial Advisory and Intermediary Services Act 37, 2002 (licence number 49893). Coronation is not authorised to provide advice in terms of the Financial Advisory and Intermediary Services Act 37, 2002. Coronation has been authorised to render discretionary intermediary services.Coronation is authorised to provide financial services for the following financial products:Long-Term Insurance : Category C; Pension Funds Benefits (excluding retail pension benefits); Shares; Money market instruments; Debentures and securitised debt; Warrants, certificates and other instruments; Bonds; Derivative instruments; Participatory interests in Collective Investment Schemes; Short Term Deposits; Long Term Deposits; Structured Deposits; Participatory interests in a CIS Hedge Fund.Coronation is a licensed Hedge Fund Financial Services Provider.


The following employees have been appointed as Key Individuals and/or Authorised Representatives:Key individualsLouis Stassen; Neville Chester

Authorised representativesAdrian van Pallander; Gavin Joubert; Iakovos Mekios (supervised); Louis Stassen; Marc Talpert (supervised); Neville Chester; Nicholas Stein; Nishan Maharaj; Quinton Ivan; Seamus Vasey (supervised).





FAIS requirements

Presenter

Presentation Notes

CAIM



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THE CORONATION CLIENT CHARTER · 2020-07-16 · 4. Neville Chester. SENIOR PORTFOLIO MANAGER. BCom, CA (SA), CFA. Neville is a senior member of the investment team with 23 years’