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Investec Enhanced Natural Resources

Ranked 2 out of 4 in - Commodities over 12 months
All calculations are in GBP

Managed by

Bradley George

Bradley George graduated from the University of Cape Town with a degree in business science and later completed his Post Graduate Diploma in Accounting (PGDA). He started his career at KPMG in the financial services division where he offered clients consultancy advice on financial derivatives risk management. After three years he joined Goldman Sachs’ investment banking division in natural resources M&A transactions and was also an executive director in the commodities division. After seven years with Goldman Sachs he joined Investec Asset Management in 2006 where he is currently the head of commodities and resources. Bradley has been awarded with the Chartered Accountant designation (CA) from South Africa.

George Cheveley

George Cheveley graduated from Oxford University with a degree in classics, and also graduated from Warwick University with an MBA. He joined Investec Asset Management in 2007 where he is currently a portfolio manager within the global and commodities & resources team. Prior to this he was manager and market analyst in base metals for BHP Billiton. Before this he worked for CRU (Commodities Research Unit) where he was a research manager. George began his career in 1990 in operations at British Steel Strip Products.

Objective

The Fund aims to achieve long term capital growth primarily through investment in equities issued by companies around the globe that are expected to benefit from a long term increase in the prices of commodities and natural resources, and related derivatives. Such companies will be involved in mining, extracting, producing, processing or transporting a natural resource or commodity or will be companies which provide services to such companies or will be companies whose performance is otherwise related to the prices of resources or commodities.

Performance

Commodities over : 31/08/2013 - 31/08/2014
  • Rank 2/4 Total Return
  • Rank 2/4 Standard Deviation
  • Rank 2/4 Max Drawdown
Fund Name Return
1 F&C Water & Agriculture Long/Short A GBP Inc

6.2%

2 Investec Enhanced Natural Resources A Acc Net GBP

-1.6%

3 Threadneedle (Lux)-Enhanced Commodities AGH

Currency exposure is hedged

Currency exposure is hedged

-7.3%

4 Fulcrum Commodity I GBP

Currency exposure is hedged

Currency exposure is hedged

-13.1%

Fund Name Risk
1 F&C Water & Agriculture Long/Short A GBP Inc

2.0

2 Investec Enhanced Natural Resources A Acc Net GBP

2.1

3 Fulcrum Commodity I GBP

Currency exposure is hedged

Currency exposure is hedged

2.2

4 Threadneedle (Lux)-Enhanced Commodities AGH

Currency exposure is hedged

Currency exposure is hedged

2.9

Fund Name Loss
1 F&C Water & Agriculture Long/Short A GBP Inc

-3.8%

2 Investec Enhanced Natural Resources A Acc Net GBP

-6.7%

3 Threadneedle (Lux)-Enhanced Commodities AGH

Currency exposure is hedged

Currency exposure is hedged

-8.9%

4 Fulcrum Commodity I GBP

Currency exposure is hedged

Currency exposure is hedged

-13.1%

Total Return

Quarterly Performance

to 29/08/2014 Annual Q1 Q2 Q3 Q4
2014 1.7% -2.9% 4.7% 0.0%
2013 -4.5% 3.3% -8.1% 0.8% -0.1%
2012 -4.2% 1.9% -5.4% 2.4% -2.9%
2011 -15.0% -0.3% -1.7% -15.0% 2.0%
2010 21.0% 5.1% -1.7% 3.7% 13.1%
2009 45.3% 16.3% 8.2% 9.1% 5.8%
2008 -25.2% -1.4% -22.0% -2.8%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/07/2014

Top 10 Holdings

Stock Size
BHP Billiton Ltd ORD 5.22
Chevron Corp ORD 5.19
Rio Tinto PLC ORD 4.84
BHP Billiton PLC ORD 4.54
ConocoPhillips ORD 4.32
Monsanto Co ORD 4.12
ING Bank Time/Term Deposit 4.01
Suncor Energy Inc ORD 3.81
Source Physical Palladium P-ETC 3.50
Marathon Oil Corp ORD 2.65
31/07/2014

Registered For Sale In

  1. Singapore
  2. United Kingdom

Fund Info

  • Launch date01/05/2008
  • Share Class size145Mn
  • Base currencyGBP
  • ISIN GB00B2QVXH86

Purchase Info

  • Min. initial investment1,000
  • Min. additional investment100

Charges

  • Annual management1.5%
  • Initial investment4.5

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).