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Ranking
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Sector:
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Europe-Equity-General |
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Size:
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$200 350 000 |
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Sector Rank:
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18 out of 22 |
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(lump sum over 3 years to 30 Apr 2004)
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Overall Rank:
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212 out of 243 |
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(lump sum over 3 years to 30 Apr 2004)
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| R20000 invested on 30 Apr 2001 was worth R15 043 at 30 Apr 2004 |
((9.06)% annual compound return)
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| R5000 per month since 30 Apr 2001 was worth R161 941 at 30 Apr 2004 |
((6.96)% annual return compounded monthly)
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| Please note that offshore fund performance figures are calculated from NAV prices (ie, equivalent to sell-to-sell) and therefore not directly comparable to domestic fund performance figures on this site. |
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Management
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| Mr Albert Morillo, B.Ing, MBA |
| Albert Morillo, managing director and head of European equity of BlackRock International, Ltd and a member of BlackRock International's Management Committee. His primary responsibility is European equity research and portfolio management. Prior to joining BlackRock in 1999, Mr Morillo was an investment director of Scottish Widows Investment Management, head of its European equity team, and a member of the Investment Policy Group. Mr Morillo joined Scottish Widows Investment Management in 1985 as an UK equity analyst. He moved to the European equity desk in 1986 and was appointed head of the European team in 1991. Mr. Morillo began his career with Royal Dutch/Shell. Mr. Morillo earned a BSc degree in chemical engineering at Edinburgh University and obtained an MBA degree in 1984. He is a member of the International Board of the Paris Stock Exchange. |
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Focus and Objective
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The aim of the fund is to achieve capital growth by investing predominantly in Continental European companies, especially those based in France, Germany, Spain, Italy and Switzerland. The European markets offer opportunities in both large international companies and those involved in specialist areas. The fund’s geographic exposure is actively managed, in pursuit of the best performing markets.
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Technical overview
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| Formation Date: |
25 Jan 1985 |
| Original Price: |
2 000.00 |
| Pricing System: |
Forward |
| Base Currency: |
$ |
| Domicile: |
Guernsey |
| Rollup Fund: |
No |
| Benchmark: |
Micropal OS EQ Europe Excl UK |
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Top holdings on 31 Mar 2004
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Share (Sector)
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Value
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% of fund
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| TOTALFINAELF (Energy) |
$10 117 675 |
5.05% |
| NOVARTIS (Healthcare) |
$9 797 115 |
4.89% |
| NOKIA (Technology) |
$9 015 750 |
4.50% |
| ROCHE (Healthcare) |
$8 615 050 |
4.30% |
| UBS (Financial Services) |
$8 214 350 |
4.10% |
| TELEFONICA (Telecom) |
$7 613 300 |
3.80% |
| SIEMENS (Goods & Services) |
$6 932 110 |
3.46% |
| VIVENDI (Goods & Services) |
$6 671 655 |
3.33% |
| CARREFOUR (Retail) |
$6 351 095 |
3.17% |
| DEUTSCHETEKOM (Telecom) |
$6 230 885 |
3.11% |
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TOTALS
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$79 558 985
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39.71%
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