Market Insights > Slice of Pie Newsletter > Feb 20, Issue No. 138
Mike's update on how we see Coronavirus affecting markets how we plan to help protect your capital.
While the uncertainty still surrounding the Coronavirus outbreak makes it impossible to rule out a financial crisis, history suggests epidemics don't cause markets to crash.
The funds for the month navigated some turbulent waters.
In this month's newsletter, Mike’s update on how we see Coronavirus affecting markets and how we plan to help protect your capital.
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February 2020 Fact Sheet
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Product Disclosure Statements
The JUNO KiwiSaver Scheme is owned, managed and issued by Pie Funds. Click to join below.
Past performance is not a guarantee of future returns. No person including the Director of Pie Funds Management Limited guarantees the repayment of units in the funds or any return of units in the funds. Returns can be negative as well as positive and returns over different periods may vary. The JUNO KiwiSaver Scheme is owned, managed and issued by Pie Funds.
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performance metrics and global updates from the investment team.
We are taking steps to try to preserve investor capital and take advantage of opportunities, arising from the severe market disruption associated with COVID-19.
To assist with buying into the current severe sell-off we have secured approval from our supervisor for a temporary exception to our Statement of Investment Policies and Objectives (SIPO), to allow us to exceed our maximum number of positions for the following funds:
We sought permission to increased position limits because we believe it will help us better serve our investors’ interests by:
The exemption is in force now. We will review the need for the exception in six months. If market conditions have returned to more normal settings, we will return within SIPO limits.