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The Emerging Resources Company Share Fund
E.I.M. Capital Managers manages the Emerging
Resources Company Share Fund (ARSN 118 630 541) on behalf of Officium Capital, the responsible entity of the fund. The Fund is a managed
investment scheme registered with the Australian Securities and Investments
Commission. It is offered to investors through a product disclosure
statement (PDS) available
here.
Investment Objective
Experienced Fund Managers
Recognized Academic and Industry Experts
Undervalued Growth Opportunities
Diversified Commodity Exposure
“Recommended” Rating from Lonsec
Investor Friendly Fee Structure
The PDS contains important information to assist
prospective investors to decide if they wish to invest in the Fund and should be
read carefully. The PDS does not take into account the individual investment
objectives, financial situation or particular needs of prospective investors.
Before making an investment decision, investors should obtain independent
financial advice.
The Fund
opened on 28 April 2006.
Investment Objective
The objective of the Fund 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 described in detail on pages
six and seven of
the PDS 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.
The Fund’s investments will be confined to ASX-listed companies. The Investment
Manager will seek to be fully invested in accordance with the Fund’s investment
criteria (subject to the needs of the Fund for short-term liquidity to meet
redemptions and operating costs).
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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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“Recommended” Rating from Lonsec
Lonsec has reviewed the Fund and given it a
“Recommended” rating.
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Investor Friendly Fee Structure
Fees payable will be based predominantly on investment
performance, aligning the interests of the Responsible Entity and Investment
Manager with those of investors in the Fund.
There is a base administration fee of 0.25% pa (plus GST) and a
performance fee equal to 18% of positive investment returns (plus GST) after any
previous negative returns have been recouped.
Transaction costs (or the “buy/sell spread”) of 0.25% (plus GST) are also
payable by an investor. There are no entry or exit fees.
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