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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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$46 760 000 |
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Sector Rank:
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1 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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1 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 R34 530 at 30 Apr 2004 |
(19.97% annual compound return)
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| R5000 per month since 30 Apr 2001 was worth R190 234 at 30 Apr 2004 |
(3.56% 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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| Daniel Sacks, BSc (Hons), CFA |
| Daniel is the sector head of resources at Investec Asset Management and portfolio manager on the Investec Commodity Fund unit trust. He joined Investec Asset Management in October 1997 as a portfolio administrator before moving to the research department in 1999 to begin working as an investment analyst on resources. Daniel received his Bachelor of Business Science (Honours) degree in Economics from the University of Cape Town in 1995, and is a Chartered Financial Analyst charterholder.
Daniel joined Investec Asset Management in October 1997 as a Portfolio Administrator. In 1999 he moved to the research department and began working as an investment analyst focusing on resources. In January 2003, Daniel was made Head of Resources and assumed responsibility for the Investec Commodity Fund. |
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Focus and Objective
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The fund aims to achieve capital appreciation through investment in gold mining shares, on a world-wide basis, but predominantly in Australia, South Africa and Canada. Movements in the gold price are likely to have a more than proportionate effect on the profitability of gold mining companies with consequent implications for the volatility of their share prices.
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Technical overview
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| Formation Date: |
26 Nov 1990 |
| Original Price: |
2 000.00 |
| Pricing System: |
Forward |
| Base Currency: |
$ |
| Domicile: |
Guernsey |
| Rollup Fund: |
No |
| Benchmark: |
Micropal OS SC Comm & Nat Resources |
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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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| NEWMONTMING (Basic Resources) |
$4 437 524 |
9.49% |
| NEWCRESTMININ (Basic Resources) |
$2 515 688 |
5.38% |
| FREEPORTMCMOR (Basic Resources) |
$2 412 816 |
5.16% |
| ASHANTIGOLDF (Basic Resources) |
$2 380 084 |
5.09% |
| BARRICKGOLD (Basic Resources) |
$2 122 904 |
4.54% |
| COMPANIAMINAS (Basic Resources) |
$2 024 708 |
4.33% |
| PLACERDOME (Basic Resources) |
$1 977 948 |
4.23% |
| GOLDFIELDSUSA (Basic Resources) |
$1 912 484 |
4.09% |
| ANGGOLD (Gold Mining) |
$1 865 724 |
3.99% |
| AVGOLD (Gold Mining) |
$1 575 812 |
3.37% |
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TOTALS
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$23 225 692
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49.67%
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