Fund Company

Investec Asset Management Luxembourg - http://www.investecassetmanagement.com

Investec Asset Management is a specialist provider of active investment products and services. Established in South Africa in 1991, the firm has been built from a small start-up into an international business managing US$95 billion (as at 30 June 2012). Their clients include some of the world’s largest private and public sector pension funds and range from foundations and central banks to intermediate and direct investors.

The business has grown largely organically from domestic roots in Southern Africa to a position where they serve a growing international client base from the Americas, the UK and Continental Europe, Asia, the Middle East, Australia and Africa. Investec Asset Management employ 125 investment professionals*. The firm is still managed by its founding members, representing continuity and stability throughout the firm’s successful growth.

The firm seeks to create a profitable partnership between clients, shareholders and employees and their aim is to exceed their clients’ investment and client service expectations and to manage their money to the highest possible standard. (*30.06.12)

Investec Asset Management is a significant component and independently managed entity within the Investec Group, which is listed in London and Johannesburg.

Company	Fund Name	ISIN	Currency	Inception Date	Rating	Risk	Profile
Investec Asset Management Luxembourg	Investec GSF Managed Currency A Cap	LU0345760846	USD	22/06/2005	2	Medium	The Sub-Fund is designed to protect and to maximise the value of liquid assets in terms of their international purchasing power, through the management and diversification of currency exposure. The composition of the portfolio is determined by a continuing analysis of the financial, economic, political and other factors affecting international exchange rates. Investments are made mostly in the world’s major currencies and held principally in bank deposits or short-term monetary instruments. The Sub-Fund may enter into OTC derivatives limited to foreign exchange forward contracts and for efficient portfolio management purposes only.
Investec Asset Management Luxembourg	Investec GSF Managed Currency A Dis	LU0345761224	USD	16/02/1984	2	Medium	The Sub-Fund is designed to protect and to maximise the value of liquid assets in terms of their international purchasing power, through the management and diversification of currency exposure. The composition of the portfolio is determined by a continuing analysis of the financial, economic, political and other factors affecting international exchange rates. Investments are made mostly in the world’s major currencies and held principally in bank deposits or short-term monetary instruments. The Sub-Fund may enter into OTC derivatives limited to foreign exchange forward contracts and for efficient portfolio management purposes only.
Investec Asset Management Luxembourg	Investec Gl Str Gl Bd USD A Cap	LU0345761810	USD	01/07/2008	3	Medium	The Global Bond Fund aims both to provide income and to protect and maximize the real asset value of its investments in terms of their international purchasing power by means of the management and diversification of currency exposure and investment in fixed interest bearing securities of varying maturities. The majority of the Sub-Fund’s assets will be denominated in major currencies and exposure to minor currencies will be managed on a cautious basis.
Investec Asset Management Luxembourg	Investec Glob Bd A Inc Gross Dis	LU0345762206	USD	20/12/1985	3	Medium	The Global Bond Fund aims both to provide income and to protect and maximize the real asset value of its investments in terms of their international purchasing power by means of the management and diversification of currency exposure and investment in fixed interest bearing securities of varying maturities. The majority of the Sub-Fund’s assets will be denominated in major currencies and exposure to minor currencies will be managed on a cautious basis.
Investec Asset Management Luxembourg	Investec Gl Strat Inc A Gross Dis	LU0345763196	USD	01/07/1987	4	High	The Sub-Fund has, as its primary objective, the generation of a high level of current income by means of investment in high yielding fixed and floating rate securities of varying maturities denominated in a spread of the world’s major and minor traded currencies. Capital appreciation is sought only when the Investment Manager feels it is consistent with the primary income objective of the Sub-Fund. This could arise as the result of a specific or general fall in interest rates, through the improvement in the credit ratings of individual or groups of fixed interest bearing securities or by means of positive relative currency movements.
Investec Asset Management Luxembourg	Investec Gl Str Inv Grd Crp USD Dis	LU0345764244	USD	01/07/2008	2	High	The Sub-Fund aims to generate a high level of income, with the opportunity for capital gain, from a diversified portfolio of fixed and floating rate securities, normally denominated in U.S. Dollars and issued by governments, institutions and corporations in both developing and developed countries. When judged appropriate, the portfolio may be held in fixed interest securities denominated in currencies other than U.S. Dollars, with the relevant currency exposure hedged back into U.S. Dollars. The Sub-Fund may use derivatives for the purposes of hedging and/or efficient portfolio management. Careful attention is paid to the quality and marketability of the securities held by the Sub-Fund. When interest bearing instruments are included in the portfolio, at least 90% of the value of the Sub-Fund must consist of Investment Grade instruments. The Sub-Fund may enter into OTC derivatives limited to foreign exchange forward contracts and for efficient portfolio management purposes only.
Investec Asset Management Luxembourg	Investec Gl Str High Inc Bd EUR Dis	LU0345766611	EUR	26/11/1990	3	Medium	The Sub-Fund aims to provide an income return in excess of prevailing short-term interest rates, and an opportunity for capital gains. It will hold a diversified portfolio of higher interest rate bearing fixed interest securities, including Investment Grade and Non-Investment Grade debt securities, denominated in major global currencies. The currency mix of denominations will be varied, reflecting the Investment Manager’s assessment of likely exchange rate movements.
Investec Asset Management Luxembourg	Investec Emerging Mkt Deb A USD Cap	LU0345767262	USD	30/11/2007	3	High	The Sub-Fund aims to achieve long term total returns primarily through investment in public sector, sovereign and corporate bonds issued by emerging market borrowers. These securities will be primarily denominated in the currencies of emerging market countries. The Sub-Fund will invest at least two-thirds of its assets in a diversified portfolio of investment grade and non-investment grade rated debt securities (e.g. bonds) either issued by companies which have their registered office in countries that are, or in the previous two years have been, classified as low or medium income by the World Bank or which are issued or guaranteed by governments, government agencies or supranational bodies of those countries.
Investec Asset Management Luxembourg	Investec Emerging Mkt Deb A USD Dis	LU0345767858	USD	30/11/2007	3	High	The Sub-Fund aims to achieve long term total returns primarily through investment in public sector, sovereign and corporate bonds issued by emerging market borrowers. These securities will be primarily denominated in the currencies of emerging market countries. The Sub-Fund will invest at least two-thirds of its assets in a diversified portfolio of investment grade and non-investment grade rated debt securities (e.g. bonds) either issued by companies which have their registered office in countries that are, or in the previous two years have been, classified as low or medium income by the World Bank or which are issued or guaranteed by governments, government agencies or supranational bodies of those countries.
Investec Asset Management Luxembourg	Investec Glob Strat Man A Acc Cap	LU0345768153	USD	22/06/2005	3	High	The Sub-Fund aims to provide long-term total returns through investment in a diversified and actively managed portfolio consisting of any combination of cash instruments, fixed income securities, convertible securities and quoted equity securities on an international basis. Normally, the maximum equity content will be limited to 75 per cent of the Sub-Fund.
Investec Asset Management Luxembourg	Investec Gl Strat Managed A USD Dis	LU0345768740	USD	06/02/1995	3	High	The Sub-Fund aims to provide long-term total returns through investment in a diversified and actively managed portfolio consisting of any combination of cash instruments, fixed income securities, convertible securities and quoted equity securities on an international basis. Normally, the maximum equity content will be limited to 75 per cent of the Sub-Fund.
Investec Asset Management Luxembourg	Investec Gl Str Gl Eq A USD Cap	LU0345769128	USD	24/06/2005	4	Medium	The Global Equity Fund aims to achieve capital growth through the international allocation and management of investments based on an assessment of the outlook for economic growth, interest rates, exchange rates and individual companies.
Investec Asset Management Luxembourg	Investec Global Equity A USD Dis	LU0345769631	USD	25/01/1985	4	Medium	The Global Equity Fund aims to achieve capital growth through the international allocation and management of investments based on an assessment of the outlook for economic growth, interest rates, exchange rates and individual companies.
Investec Asset Management Luxembourg	Investec Glob Eq A Acc Gross Cap	LU0345770134	EUR	30/11/2007	4	Medium	The Global Equity Fund aims to achieve capital growth through the international allocation and management of investments based on an assessment of the outlook for economic growth, interest rates, exchange rates and individual companies.
Investec Asset Management Luxembourg	Investec Gl Str Gl Str Eq A USD Cap	LU0345770308	USD	29/06/2007	3	High	The Global Strategic Equity Fund aims to provide long-term capital growth primarily through investment in equities of listed companies from around the world, which are expected to enhance underlying profitability and shareholder value through operational or structural improvements to their businesses.
Investec Asset Management Luxembourg	Investec GSF Glob Strat Eq Fd A Dis	LU0345770993	USD	06/04/1994	3	High	The Global Strategic Equity Fund aims to provide long-term capital growth primarily through investment in equities of listed companies from around the world, which are expected to enhance underlying profitability and shareholder value through operational or structural improvements to their businesses.
Investec Asset Management Luxembourg	Investec Gl Str Gl Str Eq A EUR Cap	LU0345771702	EUR	30/11/2007	3	High	The Global Strategic Equity Fund aims to provide long-term capital growth primarily through investment in equities of listed companies from around the world, which are expected to enhance underlying profitability and shareholder value through operational or structural improvements to their businesses.
Investec Asset Management Luxembourg	Investec Global Dynamic A USD Cap	LU0345772692	USD	01/07/2008	4	Medium	The Global Dynamic Fund aims to provide long-term capital growth primarily through investment in global equities. The Fund will be managed actively and at least two-thirds of its investments will be in equity instruments.
Investec Asset Management Luxembourg	Investec Glob Dynam A Inc Gross Di	LU0345773070	USD	01/07/2008	4	Medium	The Global Dynamic Fund aims to provide long-term capital growth primarily through investment in global equities. The Fund will be managed actively and at least two-thirds of its investments will be in equity instruments.
Investec Asset Management Luxembourg	Investec Gl Str American Eq A Cap	LU0345774391	USD	30/11/2007	2	High	The fund aims to achieve capital growth through investment principally in large U.S. companies traded on the New York Stock Exchange, although investment is also permitted in large U.S. companies traded on the American Stock Exchange and NASDAQ. The fund was previously named American Blue Chip Fund.
Investec Asset Management Luxembourg	Investec American Equity A USD Dis	LU0345774631	USD	26/11/1990	2	High	The fund aims to achieve capital growth through investment principally in large U.S. companies traded on the New York Stock Exchange, although investment is also permitted in large U.S. companies traded on the American Stock Exchange and NASDAQ. The fund was previously named American Blue Chip Fund.
Investec Asset Management Luxembourg	Investec Gl Str UK Eq A GBP Cap	LU0345775018	GBP	30/11/2007	3	Medium	The Sub-Fund aims to achieve capital appreciation primarily through investment in quoted UK equity securities. The Sub-Fund may not invest in UCIs and/or UCITS where such UCI and/or UCITS is itself a fund of funds or a feeder fund. The Sub-Fund may enter into OTC derivatives limited to foreign exchange forward transactions and for efficient portfolio management purposes only. 90% of the equity content of the Sub-Fund must be listed on an exchange which is a full member of the World Federation of Exchanges.
Investec Asset Management Luxembourg	Investec UK Equity A GBP Dis	LU0345775364	GBP	25/01/1985	3	Medium	The Sub-Fund aims to achieve capital appreciation primarily through investment in quoted UK equity securities. The Sub-Fund may not invest in UCIs and/or UCITS where such UCI and/or UCITS is itself a fund of funds or a feeder fund. The Sub-Fund may enter into OTC derivatives limited to foreign exchange forward transactions and for efficient portfolio management purposes only. 90% of the equity content of the Sub-Fund must be listed on an exchange which is a full member of the World Federation of Exchanges.
Investec Asset Management Luxembourg	Investec Gl Str Asian Eq A USD Cap	LU0345775950	USD	30/11/2007	5	Medium	The Sub-Fund will be managed actively, with an emphasis on the long-term. The Sub-Fund will invest primarily in the markets of Hong Kong, Singapore, Malaysia, Thailand, Taiwan, South Korea, The Philippines, Indonesia, China and India, but may also invest in the region’s other markets such as Australia and New Zealand. The stock selection process will be research driven, taking into account both macroeconomic developments and stock specific factors. Country, economic sector and stock selection are likely to be important drivers of the Sub-Fund’s performance over time. Where investments are made in assets not denominated in U.S. Dollars, efficient portfolio management techniques may be used to minimise any currency risk.
Investec Asset Management Luxembourg	Investec Asian Equity A USD Dis	LU0345776255	USD	01/06/1984	5	Medium	The Sub-Fund will be managed actively, with an emphasis on the long-term. The Sub-Fund will invest primarily in the markets of Hong Kong, Singapore, Malaysia, Thailand, Taiwan, South Korea, The Philippines, Indonesia, China and India, but may also invest in the region’s other markets such as Australia and New Zealand. The stock selection process will be research driven, taking into account both macroeconomic developments and stock specific factors. Country, economic sector and stock selection are likely to be important drivers of the Sub-Fund’s performance over time. Where investments are made in assets not denominated in U.S. Dollars, efficient portfolio management techniques may be used to minimise any currency risk.
Investec Asset Management Luxembourg	Investec Gl Str Cont Europ Eq A Cap	LU0345777147	USD	30/11/2007	3	Medium	The Sub-Fund aims to achieve capital growth by investing mainly in continental European-quoted equity instruments of companies domiciled in,or established in another country but carrying out their business activities predominantly in, continental Europe, including those of France, Germany, Spain, Italy and Switzerland. Shareholders should note that the dividend yield from this Sub-Fund is likely to be very low since dividend yields on many European equities are minimal. The Sub-Fund may not invest in UCIs and/or UCITS where such UCI and/or UCITS is itself a fund of funds or a feeder fund.
Investec Asset Management Luxembourg	Investec Contintl Europ. A USD Dis	LU0345777659	USD	25/01/1985	3	Medium	The Sub-Fund aims to achieve capital growth by investing mainly in continental European-quoted equity instruments of companies domiciled in,or established in another country but carrying out their business activities predominantly in, continental Europe, including those of France, Germany, Spain, Italy and Switzerland. Shareholders should note that the dividend yield from this Sub-Fund is likely to be very low since dividend yields on many European equities are minimal. The Sub-Fund may not invest in UCIs and/or UCITS where such UCI and/or UCITS is itself a fund of funds or a feeder fund.
Investec Asset Management Luxembourg	Investec Gl Str Gl Energy A USD Cap	LU0345779275	USD	30/11/2007	4	High	The Sub-Fund aims to achieve capital growth by primarily investing in shares of companies on a global basis. The Sub-Fund may not invest in UCIs and/or UCITS where such UCI and/or UCITS is itself a fund of funds or a feeder fund. The Sub-Fund may enter into OTC derivatives limited to foreign exchange forward transactions and for efficient portfolio management purposes only. 90% of the equity content of the Sub-Fund must be listed on an exchange which is full member of the World Federation of Exchanges.
Investec Asset Management Luxembourg	Investec GSF Glob Energy Fd A Dis	LU0345779515	USD	25/01/1985	4	High	The Sub-Fund aims to achieve capital growth by primarily investing in shares of companies on a global basis. The Sub-Fund may not invest in UCIs and/or UCITS where such UCI and/or UCITS is itself a fund of funds or a feeder fund. The Sub-Fund may enter into OTC derivatives limited to foreign exchange forward transactions and for efficient portfolio management purposes only. 90% of the equity content of the Sub-Fund must be listed on an exchange which is full member of the World Federation of Exchanges.
Investec Asset Management Luxembourg	Investec GSF Global Energ Fd A Cap	LU0345780018	EUR	30/11/2007	4	High	The Sub-Fund aims to achieve capital growth by primarily investing in shares of companies on a global basis. The Sub-Fund may not invest in UCIs and/or UCITS where such UCI and/or UCITS is itself a fund of funds or a feeder fund. The Sub-Fund may enter into OTC derivatives limited to foreign exchange forward transactions and for efficient portfolio management purposes only. 90% of the equity content of the Sub-Fund must be listed on an exchange which is full member of the World Federation of Exchanges.
Investec Asset Management Luxembourg	Investec Glob Gold A Acc Gross Cap	LU0345780281	USD	30/11/2007	4	Medium	The Sub-Fund aims to achieve long term capital growth primarily through investment in equities issued by companies around the globe involved in gold mining. The Sub-Fund may also invest, up to one-third, in companies around the globe that are involved in mining for other precious metals and other minerals and metals. The Sub-Fund may not invest in UCIs and/or UCITS where such UCI and/or UCITS is itself a fund of funds or a feeder fund.
Investec Asset Management Luxembourg	Investec Global Gold A USD Dis	LU0345780521	USD	26/11/1990	4	Medium	The Sub-Fund aims to achieve long term capital growth primarily through investment in equities issued by companies around the globe involved in gold mining. The Sub-Fund may also invest, up to one-third, in companies around the globe that are involved in mining for other precious metals and other minerals and metals. The Sub-Fund may not invest in UCIs and/or UCITS where such UCI and/or UCITS is itself a fund of funds or a feeder fund.
Investec Asset Management Luxembourg	Investec GSF Gl Natural Res A Cap	LU0345780950	USD	31/01/2008	4	Medium	The Sub-Fund aims to achieve long term capital growth primarily through investment in equities issued by companies around the globe that are expected to benefit from a long term increase in the prices of commodities and natural resources. At least two thirds of the companies invested in will be involved in mining, extracting, producing, processing or transporting a natural resource or commodity or will be companies which provide services to such companies. The Sub-Fund may use derivatives for the purposes of hedging and efficient portfolio management.
Investec Asset Management Luxembourg	Investec Gl Str Inv Grd Crp EUR Dis	LU0416337789	EUR	23/03/2009	3	Medium	The Sub-Fund aims to generate a high level of income, with the opportunity for capital gain, from a diversified portfolio of fixed and floating rate securities, normally denominated in U.S. Dollars and issued by governments, institutions and corporations in both developing and developed countries. When judged appropriate, the portfolio may be held in fixed interest securities denominated in currencies other than U.S. Dollars, with the relevant currency exposure hedged back into U.S. Dollars. The Sub-Fund may use derivatives for the purposes of hedging and/or efficient portfolio management. Careful attention is paid to the quality and marketability of the securities held by the Sub-Fund. When interest bearing instruments are included in the portfolio, at least 90% of the value of the Sub-Fund must consist of Investment Grade instruments. The Sub-Fund may enter into OTC derivatives limited to foreign exchange forward contracts and for efficient portfolio management purposes only.
Investec Asset Management Luxembourg	Investec Gl Str High Inc Bd GBP Dis	LU0416338167	GBP	29/05/2009	NULL	NULL	The Sub-Fund aims to provide an income return in excess of prevailing short-term interest rates, and an opportunity for capital gains. It will hold a diversified portfolio of higher interest rate bearing fixed interest securities, including Investment Grade and Non-Investment Grade debt securities, denominated in major global currencies. The currency mix of denominations will be varied, reflecting the Investment Manager’s assessment of likely exchange rate movements.
Investec Asset Management Luxembourg	Investec Gl Str High Inc Bd GBP Cap	LU0416338241	GBP	29/05/2009	NULL	NULL	The Sub-Fund aims to provide an income return in excess of prevailing short-term interest rates, and an opportunity for capital gains. It will hold a diversified portfolio of higher interest rate bearing fixed interest securities, including Investment Grade and Non-Investment Grade debt securities, denominated in major global currencies. The currency mix of denominations will be varied, reflecting the Investment Manager’s assessment of likely exchange rate movements.