LuxTopic - PACIFIC (P)
As at: 16/05/2013
| ISIN: | LU0188847478 |
| WKN: | A0B9GB |
| Bloomberg: | DJEPACI LX |
| Reuters: | LU0188847478.LUF |
| Asset Class: | Asia/Pacific Equity Funds - General |
| Investment Company: | DJE Investment S.A. |
| Advisor: | DJE Kapital AG / Sub-Anlageberater Lutz Kihm |
| Risk Category: | 4 |
| Type of Share: | Accumulation |
| Financial Year: | 01/07 - 30/06 |
| Launch Date: | 07/04/2004 |
| Fund Size (30/04/2013): | 201.87m EUR |
| TER p.a. (30/06/2012): | 2.04% |
| Reference Index: | 100% MSCI Pacific ex Japan |
Advisor and Sub-Advisor
Dr. Jens Ehrhardt and Lutz Kihm
| Initial Charge: | 5.00% |
| Management Fee p.a.: | 1.40% |
| Custodian Fee p.a.: | 0.10% |
| Advisory Fee p.a.: | 0.40% |
| Performance Fee p.a.: | Performance fee of 10% p.a. of rising of net asset value (high water mark). |
Investment Strategy
The investment focus of LuxTopic - PACIFIC is on stocks that pay good dividends and have solid balance sheets. The fund may invest in all of Asia as well as in companies that generate a substantial portion of their business in Asia. Investments range from companies that produce in Asia for the export market to companies domiciled outside Asia, but which realise a considerable proportion of their income in the region. The fund invests primarily in small and mid caps. Shares of larger companies are also part of the investment mix. The fund maintains a high level of equity investments in all market phases.
| Morningstar RatingTMOverall *: |  |
Monthly Fund Manager's Commentary
Although the Hang Seng Index rose by some 2% in April or fund had to give back a considerable part of its gains of the first quarter. Growing tensions in Korea, the outbreak of bird flu in China and the crash of the gold market made investors more risk adverse. In April trading volume has dropped significantly to HKD 58bn daily from HKD 72bn in March. Short selling on the other hand increased from 10.2% of turnover to 10.4%. Not all has been bleak, however. The plunge of the gold price has caused a rush of consumers into local jewelry shops to purchase gold bars, causing a shortage of stock within just a few days. Strong visitor numbers from mainland China boosted Hong Kong retail sales. They have grown by 15.5% in real terms during the first two months of the year. Hong Kongs CPI was up 3.6% YoY in March, a small slowdown from 3.7% in February. The seasonally adjusted unemployment rate increased from 3.4% in February to 3.5% in March. External trade has been strong in March. 11.2% increase in exports and 11.3% in imports have contributed to growth of 4.0% and 4.9% respectively in the first quarter of 2013.
Legal Information / Disclaimer:
Figures subject to revision by the auditors on the reporting dates. The published information does not constitute investment advice or a recommendation, but only provides a brief summary of the key features of the fund. The current sales documents (Key Investor Information Document, prospectus, annual report and – if the annual report is older than eight months – the semi-annual report) for the respective investment funds form the sole basis for the purchase of securities. The sales documents are available at no charge at the respective fund company, the distribution company or at www.dje.de.
All data and estimates are indicative and may change at any time. This information is based on our assessment of current legal and tax regulations. The data were carefully compiled, but no guarantee can be given for the accuracy of such information. All data are subject to change.
The performance is calculated using the BVI (Bundesverband Investment und Asset Management e.V.) method, i.e. without taking into account the subscription fee. Individual expenses such as fees, commissions and other charges are not taken into account in the data and would have a detrimental effect on the performance if they were. The subscription fees payable reduce the invested capital as well as the performance depicted. Data on past performance are not a reliable indicator of future performance.
The tax treatment depends on the individual circumstances of the investor and may be subject to change. Please see the prospectus for more detailed tax information.
In connection with brokering fund units, the Dr. Jens Ehrhardt Group and its distribution partners may receive reimbursements from costs charged to the funds by the investment companies in accordance with the respective prospectuses.
The units of this fund that are issued may only be sold or offered for sale in jurisdictions in which such offer or sale is permitted. Therefore the units of this fund may not be offered for sale or sold in the USA, or offered for sale or sold to or for the account of US citizens or US persons resident in the USA.
This document and the information it contains may not be distributed in the USA. The distribution and publication of this document and the offer or sale of units may also be subject to restrictions in other jurisdictions.
*) © 2013 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.