|Bid Price||GBX 82.04||Offer Price||GBX 82.66|
|Mid Price||-||Day Change||GBX -2.16 (-2.57%)|
|Price Date||28 Jun 2017||Crown Rating|
|Shares Class||Inc.||Yield||0.00 %|
|Total Expense Ratio||0.00||Fund Size||12,410,111.77|
|Launch Date||20/09/2004||Standard Initial Charge (%)||0.50|
|Annual Management Charge (%)||1.10||Sector||IMA UK Equity Income|
|Min Investment (£)||1,000,000.00||Total Expense Ratio (%)||0.00|
|ISIN||GB00BH57C751||Min TopUp (£)||10,000.00|
The investment objective of the fund is to provide long-term capital growth from a global portfolio of small to medium capitalisation companies specialising in oil exploration and production. There may be occasions in light of adverse market conditions where the Investment Manager chooses to hold a high level of bonds and government securities.
Mr Damaskos is a Greek national who arrived in the UK in 1981 to attend university. Graduated in 1985 from the University of Glasgow with a Degree in Mechanical Engineering and in 1989 obtained a Masters in Business Administration (MBA) from the University of Sheffield. He benefits from more than 14 years investment banking experience with major banks in the City of London concentrating on natural resources. Most recently he worked with the European Bank for Reconstruction and Development where he was responsible for some of the bank's equity investments in Russia and the CIS. In 2004, subscribing in the belief of a new commodities super-cycle, he set up Sector Investment Managers Ltd, an FSA-authorised investment advisory company and launched the Junior Oils Trust (JOT) which he advises. JOT grew from a launch NAV size of £3.7m to in excess of £17m by 30 June 2006. Discreet 2005 annual performance was +64% (on a bid to bid basis) placing it the 12th best performing fund among 1, 925 UK-listed Unit Trusts and OEICs.