Kronos - ING · Smart Banking app to keep ... Kronos is a discretionary management contract that...
Transcript of Kronos - ING · Smart Banking app to keep ... Kronos is a discretionary management contract that...
2 | Private Banking 2015
You want to entrust the management of your capital to experts and at the same time to be informed of their
decisions. You would like your capital to yield a return but to minimise risk taking.
With a view to meeting your expectations, ING Private Banking can offer you a strong solution in the
form of a dynamic investment process combined with close monitoring.
I use Home'Bank and the ING Smart Banking app to keep track of the performances of my Kronos portfolio on a daily basis. Easy, clear and transparent .
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Discretionary management, the counterpart of advisory management
The aim of Kronos? To attain a high-performance,
long-term investment return profile and at
the same time pay special attention to risk
management, as well as your investor profile and
investment horizon.
For your convenience, you entrust the exclusive
management of your capital to ING Private
Banking through a discretionary management
mandate.
As a client, you therefore rely entirely on the
expertise of ING Group portfolio managers who
select and weight the assets to be included in
your portfolio. This type of management is the
counterpart of advisory management, where
you decide on the composition of your portfolio,
in line with your investor profile and your risk
tolerance.
What are the main characteristics of Kronos?
Five asset classes
The main aim of portfolio managers is to optimise
the risk/return ratio of your portfolio. To attain
this aim they maximise portfolio diversification
by investing in five different asset classes: bonds,
equities, real estate, commodities and cash
according to your risk profile.
Through such diversification you can also invest
in assets which are often difficult for private
individuals to access (e.g. commodities). This
diversification is also found in the geographical
allocation of your portfolio.
Seven investment profiles
Your ING Private Banker will advise you on all your
investment decisions. Initially, he or she will overview
your personal situation, your preferences and your
appetite for risk.
For that purpose, you will be asked about your
investment objectives and horizon. Furthermore, he
or she will check whether you want to hedge your
portfolio against exchange rate risks.
On the basis of this information and your investment
profile, your ING Private Banker will offer you one of
the following seven risk profiles:
• Kronos Pure Bond
• Kronos Defensive
• Kronos Moderated
• Kronos Balanced
• Kronos Active
• Kronos Dynamic
• Kronos Pure Equity
Discretionary management by ING Private Banking
Kronos is a discretionary management contract that offers several advantages.
4 | Private Banking 2015
Total transparency
You entrust the management of your wealth to us.
What do we offer you in exchange?
Total transparency!
On a daily basis, you can monitor the performance
of your Kronos portfolio through Home'Bank and
our ING Smart Banking application.
You will also receive a quarterly personal
management report.
Moreover, your ING Private Banker is continuously
informed of developments in your portfolio and
will regularly update you regarding the economic
context, the portfolio managers' vision of it and the
resulting investment decisions.
Performance
Kronos' performance
As financial markets are becoming ever more
unpredictable, the risks of loss are rising.
However, by authorising ING’s managers to make
strategic decisions concerning fund selection
and portfolio structuring on your behalf, you put
yourself in a position where you can take full
advantage of the different opportunities available
on the financial markets.
The ability to rapidly anticipate changes in stock
market performance is of critical importance in
enjoying both good returns and asset security.
Controlled risk
It is impossible to maintain a decent long-term
return without permanent and structured risk
management.
This is why an internal risk model has been
developed for all asset classes and for each type
of financial instrument.
Transparent and attractive charges
Kronos's charges are particularly clear and competitive.
Charges
Annual Kronos contract management commission:
0.242% (incl. VAT) of the value of the assets under
management. Funds managed by ING Group are
excluded from the calculation of this remuneration.
Would you like to know more about Kronos?
Your ING Private Banker is available to clearly explain
the different characteristics.
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Kronos : a powerful concept
Kronos is a discretionary management solution exclusively for the clients of ING
Private Banking who wish to invest a minimum amount of €250,000 and to entrust
the management of this capital to seasoned professionals.
Risks
• Market risk: the value of the underlying assets is
exposed to market fluctuations.
• Exchange risk: the contract provides the option
to hedge the exchange risk. If you do not hedge it,
the value of your assets is subject to exchange rate
fluctuations.
• No capital guarantee: the capital invested is not
guaranteed. This risk is nonetheless limited through
diversification and the professional risk management
provided by ING Private Banking.
This discretionary management approach follows ING Belgium's overall investment strategy. From
the selection of investment profiles available, you choose the one that is the best match for your risk
tolerance level. In this context, you must take into account the following risks:
I prefer to entrust the management of my portfolio to experts. At ING Private Banking I know that my money is in good hands.
Would you like to find out how to make your capital yield a return while minimising your risk? Do not hesitate to contact your ING Private Banker.
ING Belgium SA/nv – Bank – Registered office: avenue Marnix 24, B-1000 Brussels – Brussels RPM/RPR – VAT: BE 0403.200.393 – BIC: BBRUBEBB – IBAN: BE45 3109 1560 2789. Publisher: Inge Ampe – Cours Saint-Michel 60, B-1040 Brussels © Editing Team & Graphic Studio – Marketing ING Belgium – 707487E – 06/15
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I N G P R I V A T E B A N K I N G
Important informationThese documents are commercial documents, compiled and distributed by ING Private Banking, a commercial department of ING Belgium. They have been compiled for the purpose of information and do not contain any investment advice within the meaning of the Royal Decree of 5 March 2006. The contents are based on information provided by the customer (ING is not required to verify such information) and, where appropriate, on information sources deemed to be reliable. Neither ING Belgium, nor any company of the ING Group, gives any express or implicit guarantee, assurance or assertion with regard to the correctness, appropriateness or comprehensiveness of the information provided. The information communicated herein may be changed without prior notice. Neither ING Belgium, nor any company of the ING Group, nor any of its executives, directors or staff accepts any obligation - and in particular an obligation of results - or liability for the information provided. The recommendations communicated by ING have been established in good faith, with ING using all reasonable means to this effect. The value of the financial instruments and the amount of income they yield may rise or fall; it is not guaranteed. The actual results, performance and events can substantially deviate from what is indicated in this publication. Any differences can be explained by a number of factors including (i) the general economic climate in the markets where ING mainly operates; (ii) the overall performance of financial markets, including emerging markets; (iii) interest rate levels and fluctuations in such rates; (iv) exchange rates; (v) general factors of competition; (vi) changes to legislation, in particular in the area of tax, and regulations as well as (vii) any changes likely to occur in the policies of government and/or regulatory authorities. All investors should be aware that each of the products and financial instruments mentioned is subject to specific terms and conditions. Past results in no way guarantee future performance. All rights reserved. No part of this publication may be reproduced, stored in a data extraction system or transmitted in whatever form or by whatever means (mechanical, photocopying, recording or other) without the prior consent of the copyright holder. The aforementioned provisions do not exempt ING Belgium or its executives, managers or staff from liability in the event of "gross negligence".
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