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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
To deliver absolute returns of at least 2% p.a. compounded annually, above RPIX, and be an asset diversifier by targeting low correlation with large capitalisation equity indices through investment in listed equity companies.
Management fee is accrued daily and payable monthly in arrears calculated at the rate of one-twelfth of 0.75% per calendar month of the Company's NAV. In accordance with the Directors' policy on the allocation of expenses between income and capital, in each financial year 75% of the management fee payable is expected to be charged to capital and the remaining 25% to income. The Manager may also become entitled to a performance fee which equals 15% of the amount by which the Reference Amount at the end of a Performance Period exceeds the higher of the Hurdle and the High Watermark.