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Our guide to the 150 most important funds, exchange traded funds and investment trusts available in the UK.
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Estimated NAV (p)
Share Price (p)
Total Returns on £1000 over
Discrete performance % over
Discrete performance over
The Manager will receive an annual management fee of 2.0% of net assets. The Manager will be entitled to a performance fee of 20% of the excess of the Adjusted NAV per Ord at the end of the relevant performance period over the higher of (i) the basic performance hurdle (an amount equal to the US dollar equivalent of the Placing Price increased at a rate of 10% p.a.) (ii) the Adjusted NAV per Ord at the start of the relevant performance period; and (iii) a high watermark, multiplied by the time weighted average of the Ordinary Shares in issue in the relevant performance period. The contract will continue until the next discontinuation vote in 2016 or 31-Dec-16; whichever is earlier. The Administrator will be paid an annual fee of 0.1% of the NAV, subject to GBP 75,000 minimum. The Nominated Adviser will receive an annual fee of GBP20,000 and will receive a further GBP20,000 per annum for its role as broker.
© 2014 Citywire.co.uk. All Rights Reserved.Citywire Financial Publishers Ltd. is authorised and regulated by the Financial Conduct Authority no: 222178 to provide investment advice and is bound by its rules.
© 2014 Citywire.co.uk. All Rights Reserved.Citywire Financial Publishers Ltd. is authorised and regulated by the Financial ServicesAuthority no: 222178 to provide investment advice and is bound by its rules.