Administration

The fund has been authorised by the FCA. The Authorised Corporate Director (ACD) is Marlborough Fund Managers Ltd (MFM), one of the largest fund administrators in the UK. MFM will also arrange an independent audit of the fund. HSBC are the Depositary.

MFM monitors the operation of the fund and sets the price of shares daily. The price is quoted in the “Managed Funds” section of the Financial Times and investors are able to buy and sell shares in the fund daily, through MFM, at the set price which reflects the prevailing net asset value of the fund.