Introduction to SEI`s Solution

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Introduction to SEI’s Solution
End Client Presentation
SEI corporate profile
Representative Global Clients**
SEI Key Facts*
Manages £146 billion in assets
Administers £207 billion in client assets
Processes 1.7 million end-investor
accounts as of December 31 2013
Offices in the United States, Canada,
United Kingdom, Ireland, the
Netherlands, Hong Kong, South Africa,
and Dubai
SEI is a publicly traded company listed
on NASDAQ with approximately 2,700
employees worldwide
*As of June 30, 2014 Currency calculated 30 June 2014, with an exchange rate of 1 USD to 0.58659 GBP
**Representative clients reflect a partial list of U.S. and non-U.S. institutional clients selected from SEI's complete client roster with assets in excess of $25 million that have
provided SEI with permission to use their names in marketing materials. The inclusion of particular clients on this list does not constitute an endorsement or recommendation of
SEI's products or services by such clients. List as of June 30, 2014.
For Professional Client Use Only – Not for Distribution to Retail Clients
2
Investment Process | Manager selection
Quantitative Analysis
Experienced Analysis
• Focus on risk adjusted returns
• Advanced statistical process control
techniques to identify skill
• Separate quality of decisions from
outcomes
• Use analytical technology to
understand drivers of return
• Risk management
assessment
• 90 experienced professionals
worldwide
• 20+ years assessing investment
firms
• Site visits and conference calls to
evaluate personnel and investment
process
• Assess sustainability of competitive
advantages
Qualitative Analysis
• Examine and understand the
investment philosophy
• Analyse the proprietary
investment process
• Review the team’s
background, tenure,
compensation, and other
factors to determine stability
and commitment
Entire Universe of
Investment
Products
1,000
Manager
Visits/Contacts
Year
100+
Specialist
Managers
For Professional Client Use Only – Not for Distribution to Retail Clients
Ongoing Monitoring
•
•
•
•
Monitor firm and process changes
Monitor competitive advantages
Return and risk monitoring
Regular site visits and manager
calls
• Approved list of backup managers
3
SEI’s Investment Philosophy: Key Tenet
Past performance is not a guarantee of future results
The chart takes the top quartile of UK Large Cap Equities managers based on 2004-2008 performance and tracks their
subsequent quartile rankings over the following 5-year period (2009-2013). It also identifies where the top quartile managers
over the current 5-year period (2009-2013) ranked in the previous 5-year period (2004-2008)
• Ranking managers by
their five-year returns
provides little insight into
future performance
Top
Quartile
• SEI believes that a full
assessment of
qualitative as well as
quantitative factors is
required to identify and
monitor the best
managers
Based on the Morningstar universe of
2,133 UK Equity Large Cap managers
# 22% of top quartile managers from
2004 – 2008 are no longer included
within the Morningstar UK Equity Large
Cap Category
*55% of the top quartile managers from
2009-2013 did not have a full five year
track record during the previous period
5 Years
2004 - 2008
21%
16%
22%
9%
19%
12%
17%
9%
22%#
55%*
5 Years
2009 - 2013
5 Years
2004 - 2008
Top
Quartile
5 Years
2009 - 2013
Source: SEI, Morningstar Direct, UK Large Cap Universe
For Professional Client Use Only – Not for Distribution to Retail Clients
4
SEI Core Fund
The objective of the Fund is to provide capital growth and income in line with global markets. The Fund invests across different asset classes to balance
income and growth.
Target allocation weights are set at the discretion of SEI and are subject to change. As at 30 June 2014
*The absolute return asset class aims to exploit active management opportunities that are not always accessible in conventional asset classes such as equity, fixed interest or cash.
This could involve, for example, investing in long and short positions, to help generate profits or protect capital in both rising and falling markets.
SEI does not show individual holdings information for third party funds.
For Professional Client Use Only – Not for Distribution to Retail Clients
SEI’s solution:
Goals-Based Portfolios | Meeting a range of investor goals
STABILITY FOCUS
GROWTH FOCUS
SEI’s Stability-Focused Portfolios seek
growth within a risk budgeting framework
to manage the risk of loss
SEI’s Growth-Focused Portfolios seek longterm growth in line with the broad equity and
fixed-income markets.
Aggressive
SEI Return Expectation
Growth
Balanced
Core
Moderate
Conservative
Defensive
Fixed Income
Liquidity
Equity
Absolute Return
Inflation Sensitive
SEI Risk Expectation
For illustrative purposes only
For Professional Client Use Only – Not for Distribution to Retail Clients
6
Important Information
This material is not directed to any persons where (by reason of that person's nationality, residence or otherwise) the publication or availability of
this material is prohibited. Persons in respect of whom such prohibitions apply must not rely on this information in any respect whatsoever.
Investment in the funds or products that are described herein are available only to intended recipients and this communication must not be relied
upon or acted upon by anyone who is not an intended recipient.
While considerable care has been taken to ensure the information contained within this document is accurate and up-to-date, no warranty is given
as to the accuracy or completeness of any information and no liability is accepted for any errors or omissions in such information or any action
taken on the basis of this information.
SEI Investments (Europe) Limited acts as distributor of collective investment schemes which are authorised in Ireland pursuant to the UCITS
regulations and which are collectively referred to as the “SEI Funds” in these materials. These umbrella funds are incorporated in Ireland as limited
liability investment companies and are managed by SEI Investments Global, Limited, an affiliate of the distributor. SEI Investments (Europe)
Limited utilises the SEI Funds in its asset management programme to create asset allocation strategies for its clients. Any reference in this
document to any SEI Funds should not be construed as a recommendation to buy or sell these securities or to engage in any related investment
management services. Recipients of this information who intend to apply for shares in any SEI Fund are reminded that any such application must
be made solely on the basis of the information contained in the Prospectus (which includes a schedule of fees and charges and maximum
commission available). Commissions and incentives may be paid and if so, would be included in the overall costs. Please refer to our latest
Prospectus (which includes information on the use of derivatives and the risks associated with the use of derivative instruments), Key Investor
Information Document, and latest Annual or Interim Short Reports for more information on our funds. A copy of the Prospectus can be obtained by
contacting your Financial Advisor, SEI Relationship Manager or by using the contact details shown below.
Past performance is not a guarantee of future performance. Investments in SEI Funds are generally medium to long term investments.
The value of an investment and any income from it can go down as well as up. Fluctuations or movements in exchange rates may cause
the value of underlying international investments to go up or down. Investors may not get back the original amount invested. SEI Funds may
use derivative instruments which may be used for hedging purposes and/or investment purposes. This investment may not be suitable for
everyone. If you should have any doubt whether it is suitable for you, you should obtain expert advice. This material represents an
assessment of the market environment at a specific point in time and is not intended to be a forecast of future events.
This information is approved, issued, and distributed by SEI Investments (Europe) Limited, 4th Floor, Time & Life Building, 1 Bruton Street, London
W1J 6TL which is authorised and regulated by the Financial Conduct Authority.
7
Important Information
SEI’s goals based strategies are available in both the SEI Strategic Portfolio Fund range and the SEI Goals Based Model range. The SEI Strategic
Portfolio Funds may invest in a combination of other SEI and Third-Party Funds as well as in additional manager pools based on asset classes.
These manager pools are pools of assets from the respective Strategic Portfolio separately managed by Portfolio Managers which are monitored
by SEI. One cannot directly invest in these manager pools. The SEI Goals Based Models may invest in a combination of SEI and Third-Party
Funds but do not invest in additional manager pools.
The risk described below may apply to the underlying assets of the products into which SEI’s Strategic Portfolios and Goals Based Models invest:
• Investment in equity securities in general are subject to market risks that may cause their prices to fluctuate over time.
• Fixed income securities are subject to credit risk and may also be subject to price volatility and may be sensitive to interest rate fluctuations.
• Bond or money market instruments are sensitive to inflation rate trends.
• Property assets may be difficult to buy or sell and the impact may be that the cash remains un-invested or property is disposed at an
unfavourable price.
• Absolute return investments utilise aggressive investment techniques which may increase the volatility of returns. If the correlation between
absolute return investments and other asset classes within the fund increases, absolute return investments’ expected diversification benefits
may be decreased.
• International investments may involve risk of capital loss from unfavourable fluctuation in currency values, from differences in generally
accepted accounting principles or from economic or political instability in other nations.
The SEI Strategic Portfolios and Goals Based Models are denominated in one currency but may hold assets priced in other currencies. The
performance of the Funds and Models may therefore rise and fall as a result of exchange rate fluctuations.
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