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Ranking
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Sector:
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Global-Equity-Varied Specialist |
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Size:
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$44 280 000 |
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Sector Rank:
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9 out of 15 |
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(lump sum over 3 years to 30 Apr 2004)
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Overall Rank:
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72 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 R22 402 at 30 Apr 2004 |
(3.85% annual compound return)
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| R5000 per month since 30 Apr 2001 was worth R195 904 at 30 Apr 2004 |
(5.43% 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 Tim Guinness, B.Sc. (Engineering), Masters Degree in Management |
| Tim began his banking career at Baring Brothers in 1970. He moved to Guinness Mahon in 1977 becoming a director in 1979. He initially worked in the Corporate Finance Department, and later transferred to the Investment Department, becoming senior investment director in 1982.
In 1987, Tim became joint managing director of Guinness Flight Global Asset Management, which was established in a restructuring as a part management owned subsidiary of Guinness Mahon. From 1987 to 1997 he was responsible for the company’s equity investment operations and chaired the Central Asset Allocation Committee.
In 1997, Hambro Fund Management Limited was acquired and changed to Guinness Flight Hambro Asset Management and Tim became chief executive officer of the enlarged company. In 1998, Investec Asset Management was formed and Tim is joint chairman of the company. |
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Focus and Objective
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The fund seeks to achieve capital growth principally through investment in companies throughout the world involved in the exploration, production or distribution of oil, gas and other energy sources. In addition, investment may also be made in companies which service the energy industry.
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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 Energy |
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Top holdings on 31 Dec 2003
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Share (Sector)
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Value
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% of fund
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| NEXEN (Energy) |
$2 063 448 |
4.66% |
| CHESAPEAKE (Energy) |
$1 970 460 |
4.45% |
| VALEROENERGY (Energy) |
$1 948 320 |
4.40% |
| PETROCHINA (Energy) |
$1 943 892 |
4.39% |
| CDNNATURAL (Energy) |
$1 647 216 |
3.72% |
| SUNCORENERGY (Energy) |
$1 638 360 |
3.70% |
| MARATHONOIL (Utility Suppliers) |
$1 589 653 |
3.59% |
| CONOCO (Energy) |
$1 589 652 |
3.59% |
| PETROLEO (Equities) |
$1 585 224 |
3.58% |
| STATOIL (Energy) |
$1 585 224 |
3.58% |
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TOTALS
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$17 561 449
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39.66%
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