Investing in Brazil
Fund profile
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Fund
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Intereffekt Brazil Warrants (a subsidiary fund of Intereffekt Investment Funds N.V.)
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Type of Fund
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Derivatives
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Stock exchange listing
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Euronext Amsterdam since April 2011
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Buying and selling
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The fund has a continuously price notation on Euronext Amsterdam, which means that the fund can be traded on trading days through any bank or broker. On trading days the fund will sell shares against the ask price and will buy back shares against the bid price. The margin between the bid and ask price will be caused by the difference between the bid and ask price of the underlying positions. There will not be any rise or deduction charged when the fund is buying or selling shares.
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Structure
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Open-ended (that is to say, new shares are issued on demand and existing shares are bought when offered)
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Aim
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Capital growth (no dividends on derivatives)
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Investment Policy
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The fund invests in call-warrants and other derivatives on the financial markets in Brazil. The fund is aiming at a leverage of 2 to 3 times the return on the underlying values.
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Risk Profile
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High due to investments being channelled into derivatives and emerging markets in Brazil.
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Benchmark
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The manager will not use a benchmark as a gauge for the purposes of determining investment policy or comparing the results achieved by the fund.
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Tax-related aspects
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No company tax is levied on profit achieved by Intereffekt Investment Funds N.V.
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Managing Company
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TRUSTUS Capital Management B.V.
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| Fund Manager | Derivatives Team: Marco Balk Johan Smit Rick Boerkamp Douwe Jan Dijkstra |
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Management Fee
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1.8% per annum
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Expense Ratio
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3.4% (2012 forecast, with a maximum of 3% for 2012)
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ISIN Code
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NL0009693258
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Trading Symbol
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INBRA NA
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