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Emerging Resource Producers Discretionary Account
The Emerging Resource Producers Equity Portfolio is based on the same investment processes as the Emerging
Resources Company Share Fund.
Investment Objective
Experienced Fund Managers
Recognized Academic and Industry Experts
Undervalued Growth Opportunities
Diversified Commodity Exposure
Investor Friendly Fee Structure
Investment Objective
The objective of the Portfolio is to maximise returns to investors by identifying and
investing in the securities of emerging natural resources companies listed on
the ASX.
The key factor in the Investment Manager’s decision to invest in any particular
emerging natural resource company will be its assessment of that company’s
potential to achieve strong organic growth over a two to three year period with
a view to having that growth reflected in share price performance over the
medium term.
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Experienced Fund Managers
Two members of the Manager’s Investment Committee (Tony Wiggins and Doug Goodall)
have managed specialized resources equity portfolios on behalf of J B Were Asset
Management, Portfolio Partners and Colonial Mutual. John Robertson was
responsible for resource sector investment strategy at McIntosh and Company (now
Merrill Lynch Australia) before becoming the firm's Chief Economist. Each has
had extensive experience in the commercial and technical aspects of the
resources industry in Australia or overseas.
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Recognized Academic and Industry Experts
The Investment Manager is assisted in its decision-making by an investment
advisory committee which includes highly regarded mineral economist and coal
industry specialist, Professor Donald Barnett and ore deposit geology
specialist, Professor Philip Seccombe. Also on the Committee are Nick Moony, a
metallurgist with an international consulting practice and Colin Jackson, a
mining process engineer, corporate adviser and current director of two ASX
listed companies.
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Undervalued Growth Opportunities
The Investment Manager’s process involves moving from
a universe of nearly 700
ASX listed resources companies to the 20 stocks which will make up the Fund’s
investments using a rigorous appraisal process based on identifying undervalued
growth opportunities.
The Manager’s investment process is used to identify the universe of emerging producers, build a focus
list, select a portfolio of 20 stocks and manage the ongoing investment risks.
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Diversified Commodity Exposure
The proposed portfolio will provide exposure to a full range of mineral
commodities including oil and gas, steel-making minerals (including coal), gold,
non-ferrous metals and industrial minerals. At least two stocks will be held in
each of these five commodity groupings at any one time.
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Investor Friendly Fee Structure
Fees payable will be based predominantly on investment
performance, aligning the interests of the Investment Manager with those of investors.
There is an administration recovery fee of 0.30% pa (plus GST) and a
performance fee equal to 14% of positive investment returns (plus GST) after any
previous negative returns have been recouped.
Brokerage on transactions is also payable.
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Important Notices:
The Investment Program contains important information and if you
are considering using the Investment Administration Services Managed
Discretionary Account you should read the Investment Administration
Services Managed Account Contract, the Financial Services Guide for
Investment Administration Services (the Operator) and the Financial
Services Guide for the Australian and New Zealand Banking Group
Limited (the Custodian).
Neither IAS nor E.I.M. Capital Managers is
representing that this Investment Program is necessarily appropriate
for you. If you are a retail investor, you must consult with your
financial adviser to receive Personal Advice as to whether or not
this Investment Program is appropriate for your particular
circumstances, goals and needs. A Statement of Advice relating to
this particular Investment Program is required from your financial
adviser, who will also be responsible for carrying out an annual
review to ensure ongoing suitability of the Program for you. |
