Investec GSF Managed Currency Fund A Inc

Offshore Trusts

ManCo List

Funds by Name

Funds by Category

Word Search

FAQ

Investec GSF Managed Currency Fund A Inc

Investec GSF Managed Currency Fund A Inc

Investec Global Strategy Fund Limited (Luxembourg)
	Investec GSF Managed Currency Fund A Inc
		News
		Regional Portfolio Structure(Semi-Annual Comparison)

Price

Ranking

Sector:	Global-Fixed Interest-Other Income
Size:	(USD) 119 600 000

Sector Rank:	5 out of 8
(lump sum over 3 years to 30 Apr 2012)

Overall Rank:	141 out of 164
(lump sum over 3 years to 30 Apr 2012)

R20000 invested on 30 Apr 2009 was worth R19 404 at 30 Apr 2012
((1.00)% annual compound return)

R5000 per month since 30 Apr 2009 was worth R185 662 at 30 Apr 2012
(2.00% annual return compounded monthly)

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.

Management
Mr Tim O'Dell, B.A. Hons. (Economics)
Tim has 22 years Global Fixed Income experience. Tim is a fixed income portfolio manager. He also leads the fixed income team’s macro-economic analysis process and is responsible for currency overlay in the fixed income funds. Prior to joining Investec, Tim worked in the top-rated economic department of Phillips and Drew. In his 15 years with the firm both before and after its acquisition by UBS, he launched the firm’s flagship Global Strategy product and developed the firm’s leading-edge research in the areas of international economics and investment strategy. He also worked specifically on international economic analysis and currency forecasting. Tim graduated from Cambridge in 1981 with a degree in Economics.

Paul Carr

Focus and Objective
The Fund aims to protect and increase the international purchasing power of shareholders' liquid assets through the management and diversification of currency exposure. The Managed Currency Fund aims to make absolute returns even in tough market conditions by exploiting the fact that, by definition, all currencies cannot be in simultaneous decline. In addition to profits from currency appreciation, the Fund also seeks returns from its portfolio of low-risk investments. These include deposit accounts, short-term money market investments and, on occasion, bonds. A currency fund may offer investors the benefit of diversification when held with a portfolio of bond and equity funds, as currencies typically behave differently from bonds and equities. The Managed Currency Fund's exposure to a range of currencies could be particularly valuable to an investor keen to reduce exposure to their domestic currency without taking on the higher risk normally associated with global equities. The Fund invests conservatively in a basket of currencies that the manager believes will strengthen, due to a changing blend of financial, economic and political reasons. Its investments are spread across a diverse range of currencies with the aim of improving returns and controlling risk. The Fund aims to generate better returns than cash regardless of currency though, of course, in seeking to outperform cash, it is also possible to underperform.

Technical Overview
Benchmark:	Currency composite (dev and emerg mkts ccys, incl. 35% USD, 15% EUR, 10% JPY and 5% GBP).
Base currency:	USD	Is this fund a roll-up fund?	No
Domicile:	Luxembourg	Management fee (p.a.):	0.75%
Formation date:	16 Feb 1984	Minimum lump sum:	$3 000