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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
The management fee is calculated monthly in arrears at 0.65% p.a. of the Company's Net Assets. An additional management fee, based on performance, of up to 1% p.a. may be paid if the Manager meets certain targets for the year. A performance fee will be charged when the NAV per ordinary share percentage increase over the year is greater than the movement in the benchmark index, the FTSE World Europe ex UK Index, plus a hurdle of 1%. The Manager will be entitled to 15% of the NAV outperformance of the benchmark above the hurdle, subject to maximum amount payable by any one year in respect of the management fee and performance fee being 1.3% of Net Assets at the period end. Contract is terminable on 6 months' notice.