Investec Enhanced Natural Resources P Accumulation

Sell : 87.90p | Buy : 87.90p | up 0.73p
Last valuation as at 29-08-2008

At a glance

Initial charge 4.50%
Initial saving 4.50%
Annual charge 1.50%
Annual saving 0.000% ²
Total Expense Ratio 1.61%
Launch date 01-05-2008
Launch price £1.00
Sector Specialist
Fund size £29 million
Number of holdings 73
Fund type OEIC
Type of units Accumulation

HL Research - Our view on this Fund

Mark Dampier As emerging markets develop, this is leading to an exponential increase in the demand for natural resources and commodities. The rebuilding of roads, railways and other infrastructure projects around the world are also placing huge demand on resources. This long term demand is being met with a shortage of supply so it’s no wonder we have seen the prices of oil, gas and gold for example hit through the roof in recent times.

Investec is launching this fund in order to benefit from what they believe to be a long term increase in the prices of commodities and natural resources. It can invest in companies throughout the world involved in mining, extracting, producing, processing or transporting a natural resource or commodity.

The fund covers all commodities including energy, metals and agriculture. While it looks to benefit from companies whose share prices rise in value, the managers Bradley George and George Cheveley will also look to profit from shares that fall in value. While this makes it a higher risk investment in what is already a specialist sector, the aim is to capture growth opportunities in the commodity market regardless of market conditions.

This is a highly specialist investment and has potential to deliver attractive long term returns. Please note this fund is not on the Wealth 150, our list of favourite funds in each sector. We will however be keeping an eye on it and see how it gets on.

Full research

About the Fund Manager

Photo of Bradley George

Bradley George
Located in: London


Head of Commodities & Resources

Investec Asset Management

 

Income details

Running yield N/a
Income paid Annually
Type of payment Dividend

All yields are variable and not guaranteed. There is currently no yield information available for this fund.

Distribution dates

Ex-dividend date 30 November 2008
Payment date ³ 30 January 2008

Top 10 holdings

Fording Canadian Coal Trust 3.54%
Cleveland-Cliffs 3.28%
Anadarko Petroleum Corp. 3.25%
Baker Hughes 3.25%
Schlumberger 3.20%
Potash Corp. of Saskatchewan 3.10%
Petroleo Brasileiro S/A ADS A 3.01%
Mechel OAO ADS 2.88%
Rio Tinto 2.86%
Timah Tbk PT 2.80%

Top 10 sectors

Oil and Gas Producers 19.59%
Mining 19.05%
Industrial Metals and Mining 15.28%
Non-Classified 11.42%
Chemicals 10.29%
Oil Equipment, Services and Distribution 9.17%
Cash and Equiv. 5.01%
Managed Funds 3.54%
Industrial Engineering 2.76%
Industrial Transportation 2.25%

Top 10 countries

United States 30.12%
United Kingdom 23.39%
Canada 8.11%
Cash and Equiv. 5.01%
Brazil 3.92%
Russian Federation 3.83%
Managed Funds 3.54%
Indonesia 2.80%
South Africa 2.50%
Austria 2.38%

² Annual saving is not available in the SIPP.

³ If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.

Last valuation as at 29-08-2008. Data accurate as at 30/06/2008.

Data provided by
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