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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
To invest in securities of European companies and in sectors or geographical areas which are considered by the Investment Adviser to offer good prospects for capital growth, taking into account economic trends and business development.
The Management fee is calculated annually at 0.75% of the net assets of the Company after deduction of the value of any Jupiter managed investments, payable quarterly in arrears. Performance fee is based on the outperformance of the Net Asset Value (NAV) per Ord over the total return on the funds Benchmark Index in an accounting period. The performance fee will equal 15% of the amount by which the increase in the NAV per Ord (plus any divs per Ord paid/payable and any accrual for unpaid performance fees for the period) exceeds the (a) NAV per Ord on the last business day of the previous accounting period; (b) NAV per Ord on the last day of a period in respect of which a performance fee was last paid: and (c) 100p, in each case the values of (a), (b) and (c) are increased by the percentage by which the total return of the Benchmark Index increases or decreased during the calculation period. The performance fee payable in respect of any one period is limited to 4.99% of the Company's TA. Management agreement terminable on one years notice. Secretarial, accounting and administrative services to the Company at an annual fee of £69,000 adjusted each year in line with the Retail Price Index.