DWS GLOBAL CLIMATE CHANGE FUND
Investment Objective
The Sub-Fund seeks to achieve an above-average appreciation of capital invested by investing all or substantially all of its assets in DWS Invest Climate Change (the “Underlying Fund”), a sub-fund of DWS Invest, a multi-portfolio investment company incorporated under the laws of the Grand-Duchy of Luxembourg.
Investment Focus and Approach
(a) The Sub-Fund intends to invest in the FC share class of the Underlying Fund, which is denominated in Euros.
(b) At least 70% of the Underlying Fund’s assets (after deduction of liquid assets) are invested in equities, other equity securities and uncertificated equity instruments of foreign and domestic companies that are primarily active in business areas suited to restricting or reducing climate change and its effects: CO2-efficient or energy-efficient technologies, renewable or alternative energies, climate protection, disaster prevention or disaster management and energy-efficient mobility.
(c) Within the area of clean technologies, the focus of investment is on equities of companies whose current or future products contribute towards the reduction of the greenhouse effect and CO2 emissions. The focus of investment also includes equities of companies with CO2-efficient operations (e.g., by way of recycling, efficient processes or protecting resources).
(d) In the renewable and alternative energies sector, the focus of investment is on companies with operations in the areas of solar energy, bioenergy, wind energy, fuel cells, hydro-power, geothermal energy and geoenergy.
(e) Within the area of disaster prevention, the focus of investment is on companies that provide products and/or services for monitoring and disaster prevention in coastal areas and other areas that are vulnerable to disasters.
(f) Within the area of disaster management, the focus of investment is on companies that provide emergency relief services or support rebuilding efforts.
(g) The area of energy-efficient mobility includes companies whose products help to make the flow of goods and people more efficient. Possible measures include influencing the means of transport, reducing fuel consumption and optimising transport streams.
(h) Up to 30% of the Underlying Fund’s assets (after deduction of liquid assets) may be invested in equities, other equity securities and uncertificated equity instruments that do not fulfil the requirements of sub-paragraphs (b) to (g) above, as well as in all other permissible assets.
Saturday, July 14, 2007
UT Portfolio as at 14 July 07
Busy Busy Busy...... just completed my slides for tomorrow's preentation. Hope i do not suffer cold feet (as i have not done public speaking to such a large crowd for a very long time).
There are some changes in the presentation of my portfolio as iFast decide to improve the look and feel of the portfolio presentation to make it easier for laymen to understand. :)
As you can see, my investments to-date has grown 28.45% since 14 Dec 2005 (exactly 19 months). The annualized return is 18.00% p.a., not too bad considering the fact that i was hit by 2 corrections in Apr/May 06 and Feb/Mar 07. Hee hee....
Friday, July 13, 2007
Public Seminar at SPH Auditorium on 14 July 2007
I will be addressing issues on "Growing Your Personal Wealth" tomorrow at SPH Auditorium from 2-5 pm. Those interested, pls contact SPH for tickets now!
Tuesday, July 10, 2007
New Funds - On the way to a store near you!
SCHRODER ALTERNATIVE SOLUTIONS COMMODITY FUND & SCHRODER ALTERNATIVE SOLUTIONS AGRICULTURE FUND
Investment objective and policy:
The investment objective of SAS Commodity Fund is to generate a total return in the long term through investment in commodity related instruments globally. The investment objective of SAS Agricultural Fund is to generate a total return in the long term through investment in agricultural commodity related instruments globally.
Investment approach:
The SAS Commodity Fund will be exposed to a range of commodity sectors globally, while the SAS Agricultural Fund will be exposed to a range of agricultural commodities globally. Although it is anticipated that the SAS Commodity Fund will be primarily invested in the energy, agriculture and metals sectors, the Fund may however invest in any sector of the commodity market at the discretion of the Investment Manager. The SAS Agricultural Fund may invest in any sector of the agricultural commodity market at the discretion of the Investment Manager.
The Funds will be actively managed and will invest predominantly in a range of commodity related derivative instruments (in the case of SAS Commodity Fund) or agricultural commodity related derivative instruments (in the case of SAS Agriculture Fund), principally comprising futures and other commodity linked derivative instruments such as swaps on physical commodities and futures on commodity indices, and structured notes. The Funds will not acquire any physical commodities directly nor will they enter into any contracts relating to physical commodities other than commodity futures, warrants, swaps, and options contracts. Any commodity futures or options contracts and any other derivativeinstruments that call for physical delivery of the underlying commodity will be liquidated prior to delivery and the Investment Manager has put in place procedures to ensure that this occurs.
The Funds will typically seek to gain exposure to the commodity markets by investing in commodity futures and commodity related total return swaps. A swap allows the Funds to create exposure to a specific commodity. Each Fund will pay a replication fee during the lifetime of a swap. At maturity of the swap, the relevant Fund will receive an amount linked to the rise in the price of the commodity over the term of the swap. However, if the price of the commodity falls, that Fund will have to pay this amount to the counterparty.
To implement their investment policy, the Funds may use standardized and non-standardized (customized) derivative financial instruments. It may conduct such transactions on a stock exchange or another regulated market open to the public, or directly with a bank or financial institution specializing in these types of business as counterparty (Over The Counter trading). Even in extraordinary circumstances, the use of these instruments will not result in the Fund being leveraged nor will they be used to engage in short selling.
To a lesser extent, the Funds will also invest in equities, warrants of issuers in commodity related equities, and may also for purposes of hedging only invest in foreign currency such as forward currency contracts, currency options and swaps on currencies, and cash or cash equivalents including certificates of deposit, treasury bills and floating rate notes. At least two-thirds of the total assets of each Fund, without taking into account any cash or cash equivalents which comprise bank credit balances and money market instruments with maturities of up to twelve months, will be invested in commodity futures, other commodity related derivatives or commodity-related equity securities or equity warrants.
Investment objective and policy:
The investment objective of SAS Commodity Fund is to generate a total return in the long term through investment in commodity related instruments globally. The investment objective of SAS Agricultural Fund is to generate a total return in the long term through investment in agricultural commodity related instruments globally.
Investment approach:
The SAS Commodity Fund will be exposed to a range of commodity sectors globally, while the SAS Agricultural Fund will be exposed to a range of agricultural commodities globally. Although it is anticipated that the SAS Commodity Fund will be primarily invested in the energy, agriculture and metals sectors, the Fund may however invest in any sector of the commodity market at the discretion of the Investment Manager. The SAS Agricultural Fund may invest in any sector of the agricultural commodity market at the discretion of the Investment Manager.
The Funds will be actively managed and will invest predominantly in a range of commodity related derivative instruments (in the case of SAS Commodity Fund) or agricultural commodity related derivative instruments (in the case of SAS Agriculture Fund), principally comprising futures and other commodity linked derivative instruments such as swaps on physical commodities and futures on commodity indices, and structured notes. The Funds will not acquire any physical commodities directly nor will they enter into any contracts relating to physical commodities other than commodity futures, warrants, swaps, and options contracts. Any commodity futures or options contracts and any other derivativeinstruments that call for physical delivery of the underlying commodity will be liquidated prior to delivery and the Investment Manager has put in place procedures to ensure that this occurs.
The Funds will typically seek to gain exposure to the commodity markets by investing in commodity futures and commodity related total return swaps. A swap allows the Funds to create exposure to a specific commodity. Each Fund will pay a replication fee during the lifetime of a swap. At maturity of the swap, the relevant Fund will receive an amount linked to the rise in the price of the commodity over the term of the swap. However, if the price of the commodity falls, that Fund will have to pay this amount to the counterparty.
To implement their investment policy, the Funds may use standardized and non-standardized (customized) derivative financial instruments. It may conduct such transactions on a stock exchange or another regulated market open to the public, or directly with a bank or financial institution specializing in these types of business as counterparty (Over The Counter trading). Even in extraordinary circumstances, the use of these instruments will not result in the Fund being leveraged nor will they be used to engage in short selling.
To a lesser extent, the Funds will also invest in equities, warrants of issuers in commodity related equities, and may also for purposes of hedging only invest in foreign currency such as forward currency contracts, currency options and swaps on currencies, and cash or cash equivalents including certificates of deposit, treasury bills and floating rate notes. At least two-thirds of the total assets of each Fund, without taking into account any cash or cash equivalents which comprise bank credit balances and money market instruments with maturities of up to twelve months, will be invested in commodity futures, other commodity related derivatives or commodity-related equity securities or equity warrants.
Friday, July 6, 2007
UT Portfolio as at 06 July 07
Have not made much changes to the portfolio as i expected volatility. After 5.3% drop in the Chinese index, there is more reason to relook at investing into China. I am contemplating to put additional funds into DWS China Eqty in the coming week; to take advantage of this minor correction.
Here's my scorecard for the week:
Tuesday, July 3, 2007
Virtual Portfolio #2 - as of 29th June 2007
One month has passed, let's do some updates.....
Chin:
33.33% DWS China Equity Fund - SGD 2.412 -> SGD 2.6571
33.33% DWS Asian Small Cap Fund - SGD 1.547 -> SGD 1.5615
33.33% Lion Cap Sing/Malaysia Fund - SGD 2.733 -> SGD 2.85
Net Growth = 3.39 + 0.31 + 1.43 = 5.13 %
Calvin:
40.00% Fidelity China Focused Fund - SGD 1.136 -> SGD 1.244
40.00% Schroders ISF Emerging Markets Opportunity Fund - SGD 11.71 -> SGD 11.86
20.00% Henderson Asian Dividen Income Fund (USD) - USD 13.48 -> USD 13.77
Net Growth = 3.80 + 0.51 + 0.43 = 4.74 % (not inclusive of recent USD appreciation)
Chin is currently leading by about 30 basis pts. Will this winning streak continue? Stay tuned to find out...... :)
Chin:
33.33% DWS China Equity Fund - SGD 2.412 -> SGD 2.6571
33.33% DWS Asian Small Cap Fund - SGD 1.547 -> SGD 1.5615
33.33% Lion Cap Sing/Malaysia Fund - SGD 2.733 -> SGD 2.85
Net Growth = 3.39 + 0.31 + 1.43 = 5.13 %
Calvin:
40.00% Fidelity China Focused Fund - SGD 1.136 -> SGD 1.244
40.00% Schroders ISF Emerging Markets Opportunity Fund - SGD 11.71 -> SGD 11.86
20.00% Henderson Asian Dividen Income Fund (USD) - USD 13.48 -> USD 13.77
Net Growth = 3.80 + 0.51 + 0.43 = 4.74 % (not inclusive of recent USD appreciation)
Chin is currently leading by about 30 basis pts. Will this winning streak continue? Stay tuned to find out...... :)
Monday, July 2, 2007
UT Portfolio as of 01 July 07
Wanted to post this earlier but could not find time; i was busy studying for my exam on Sunday, 1st July 07. Also because ofthis exam, part 3 of my Smart Money series will be delayed. I promised myself to get it done before the end of this coming week. :)
Anyway, the financial markets are not doing well this week, with major swings from one market to the other. Unless you are holding to pure cash, your investments will be swung in all directions. If you suffered less than 3% downside, you should consider yourself very lucky. :)
Sad to say, i am definitely not one of the lucky ones. Here's why:
Anyway, the financial markets are not doing well this week, with major swings from one market to the other. Unless you are holding to pure cash, your investments will be swung in all directions. If you suffered less than 3% downside, you should consider yourself very lucky. :)
Sad to say, i am definitely not one of the lucky ones. Here's why:
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