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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
Management agreement with First State Investments terminable on one years notice. Management fee includes a base fee and a performance fee. The base fee should be 0.75% per annum 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 per cent per annum 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. On 16-Apr-15, the Company announced that in the event that the Company is able to make a substantial return of capital earlier than anticipated, the exit fee payable to the Manager will apply as it would have done if funds had been returned after five and a half years in line with the Company's investment strategy, provided that such exit fee will not exceed the sum of £300,000 in respect of amounts returned to the Company's shareholders prior to 1 October 2015.