A specialist gold equity fund3 with strong track record of outperformance
Over 90% of the fund invested in gold equities, a true “gold” fund poised to take full advantage of any gold price rises.
Actively managed, concentrated portfolio
Consists of around 30 stocks, currently focusing on large-cap and mid-cap companies with higher quality and better cost efficiency.
An alternative to hedge against market uncertainty3
Low correlation of gold with other asset classes provides effective diversification to hedge against market uncertainty
Cumulative performance since launch1
Gold price has reversed downtrend since 2013
Source: Investec Asset Management, Bloomberg, 30.06.16.
1Source: Morningstar, as at 30.06.16, NAV to NAV, (inclusive of all annual management fees but excluding any initial charges), gross income reinvested, in USD. Calendar year performance: Year 2011: -20.6%; Year 2012: -7.4%; Year 2013: -43.8%; Years 2014: -9.3%; Year 2015: -23.1%; YTD (30.06.16): 96.4%. Annualised fund performance since launch (including 5% initial charge): 4.70%.The Fund is launched on 26.11.90. 2Source: Investec Asset Management, as at 30.06.16. 3Please note that gold equities fund and gold are different asset classes that respective risks and return are different. Performance and correlation between gold equities fund and gold also vary in different phases of the economic cycle.
|Fund size||US$287.9 million|
|Initial charge||A share – Up to 5% of the amount you buy|
|Annual management fee||A share – 1.50%|
The value of this investment, and any income generated from it, will be affected by changes in interest rates, general market conditions and other political, social and economic developments, as well as by specific matters relating to the assets in which it invests. The Fund’s investment objective will not necessarily be achieved and investors are not certain to make profits; losses may be made. The Fund may use or invest in financial derivatives. Past performance figures shown and any forecasts on the economy, stock or bond market, or economic trends that are targeted by the fund, are not indicative of future performance. Investment involves risks. Investors should read the Prospectus for details, including the risk factors. All the information contained in this communication is believed to be reliable but may be inaccurate or incomplete. Any opinions stated are honestly held but are not guaranteed and should not be relied upon. This is not a buy, sell or hold recommendation for any particular security. The portfolio may change significantly over a short period of time. This communication is provided for general information only. It is not an invitation to make an investment nor does it constitute an offer for sale.
In Hong Kong, this document has not been reviewed by the SFC. The full documentation that should be considered before making an investment, including the Prospectus and Product Key Facts Statement (KFS), which set out the fund specific risks, is available from Investec Asset Management. The company website has not been reviewed by the SFC and may contain information with respect to non-SFC authorized funds which are not available to the public of Hong Kong. Issuer: Investec Asset Management Hong Kong Limited.
In Singapore, The value of the shares in the fund and the income accruing to the shares, if any, may fall or rise. Potential investor should read the details of the Prospectus before deciding to subscribe for or purchase the Fund. Investment involves risk. Please refer to the Singapore Offering Documents (including the risk factors set out therein) and the relevant Product Highlights Sheet for details which are available at your bank or financial adviser. Investors may wish to seek advice from a financial adviser before making a commitment to purchase shares of the Fund. In the event that an investor chooses not to seek advice from a financial adviser, he/she should consider carefully whether the Fund in question is suitable for him/her. For more information, please contact your bank and financial advice. this document is issued by Investec Asset Management Singapore Pte Limited (company registration number: 201220398M).