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Estimated NAV (p)
Share Price (p)
Total Returns on £1000 over
Discrete performance % over
Discrete performance over
Under the terms of the Management Agreement, the management fee is charged at the rate of 1.0% per annum of the Company's total assets less current liabilities. The fee is calculated and paid monthly in arrears. Investments made by the Company in investment funds on which the Manager or a member of its group earns a fee are excluded from the calculation and therefore attract no management fee. In addition, the Manager is entitled to receive a performance fee equivalent to 10 per cent of any outperformance of the Company's Net Asset Value per Ordinary Share (on a total return basis) over the Company's benchmark index, the MSCI Brazil 10/40 Index in sterling terms (on a total return basis) over the Company's financial year. The performance fee is calculated at the end of the Company's financial year and charged to its capital account in the annual financial statements. However, an estimate is accrued on a monthly basis and reflected in the Company's published Net Asset Value per Ordinary Share. The Management Agreement is terminable on six months' notice, such notice not to be given prior to the first anniversary of the Management Agreement. The fees of the Custodian will be agreed by the Company and the Custodian from time to time. Such fees are not expected to exceed GBP35,000 per annum.
© 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.