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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
To achieve long-term capital growth through mainly smaller Asian, ex Japan & Australasia quoted companies with a market capitalisation less than US$1,500m.
Management agreement with First State Investments is terminable on one year's notice. Management fee includes a base fee and a performance fee. The base fee should be 0.75% p.a. of its net assets payable quarterly in arrears. In addition an annual performance fee may be payable to the Investment Manager. The total fee payable to the Investment Manager is capped at 1.5% p.a. of the Company's net assets. The performance fee is based on the Company's Share Price Total Return (SPTR), taking the change in share price and dividend together, over a three year period. If the Company's SPTR exceeds the SPTR of the Company's benchmark index (the MSCI AC Asia ex Japan Index) over the three years' period plus 10% points then a performance fee is payable to the Investment Manager. The objective of the performance fee is to give the Investment Manager 10% of the additional value generated for shareholders by such outperformance.