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| Legal
form of the UCITS: |
French
Fonds Commun de Placement (mutual fund) |
| Promoter
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GIFAO
INVESTISSEMENT S.A. |
| Management
company: |
GIFAO
INVESTISSEMENT S.A. |
| Depository
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CIC
SECURITIES |
Establishment
designated
to receive subscriptions and
redemptions:
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CIC
SECURITIES - GIFAO INVESTISSEMENT S.A. |
| Auditor:
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Cabinet
P.Sellam
1,
rue de Berri 75008 PARIS
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Financial
characteristics |
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Classification
:
OPCVM
diversifiés.
Investment
orientation:
Imarkets, instruments and
other investment techniques
Investments are made in the form of
selected stock and bond market securities
and certificates, as well as negotiable
debt securities of euro-zone countries.
Management aims at carrying out investments
where the capital returns will be as
high as possible. Realizing this objective
means adopting flexible management strategies
between the different financial centers
of the euro-zone.
The mutual fund may invest in negotiable
financial instruments on French and
foreign regulated markets or over the
counter markets, to the maximum value
of 1x the asset base. In the context
of this framework, the manager may adopt
a strategy which aims at protecting
the portfolio, or choose to expose it
to various assimilated sectors of activity,
geographical areas, currencies, rates,
stocks, bonds and securities in order
to achieve the defined management objectives.
Repurchase agreements, swaps, redemptions,
lending and borrowing of securities
are permitted within the limits authorized
by regulations.
Holding of shares or securities in UCITS:
The percentage of other French or coordinated
UCITS held by the fund may constitute
more than 5% of the net assets, but
may not exceed 50%.
Minimum
recommended duration of investment:
greater
than 2 years
Subscribers concerned: All
subscribers
Allocation of profits: All
profits made shall be fully capitalized
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Operating
procedures |
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Year-end:
Last stock
exchange working day of December
Initial
net asset value:
FRF10,000
divided by 10 on December 10, 1993
- Net asset value at 01/07/1999: €252.34
(FRF1,655.24)
Net
asset value calculation date:
Every
Friday, on open days of the Paris
stock exchange, with the exception
of legal public holidays in which
case the net asset value shall be
established the day before.
Conditions
for subscription and redemption:
Subscription
and redemption requests may be received
at any time by the depositary or by
Gifao Investissement.
All requests are to be received on
the calculation date as defined here
above, at noon, and are executed on
the basis of the issue or redemption
price established Friday evening at
5 p.m..
Maximum
subscription commission: 2
%
Maximum
redemption commission: None
Maximum cost of investment: 2.25
% incl. tax directly allocated to
the fund’s income statement.
Denomination of currency used for
accounting purposes:
€uro.
Address of the management company:
15, rue
des Francs Bourgeois
BP
37 67060 STRASBOURG CEDEX
Address of the depository: 6
, Avenue de Provence- 75009 Paris
Place
or mode of publication of the net
asset value:
GIFAO
INVESTISSEMENT SA - UNIGAMMA AG -
TELEKURS - S & P.
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The
present document must obligatorily
be provided to subscribers prior to
subscription or call for new subscriptions,
and made available to the public upon
simple request.
The full prospectus relating to the
UCITS and the latest periodic document
are available at:
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GIFAO INVESTISSEMENT S.A.
15, rue des Francs Bourgeois - 67000
Strasbourg - France
Tel: +33 (0)3 88 75 55 50 - Fax: +33
(0)3 88 22 47 85
CIC
SECURITIES
6,
Avenue de Provence 75009 PARIS
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Certification
date of the mutual fund by
the Commission des Opérations
de Bourse
(French securities and exchange committee):
August
4, 1992
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| Publication
date of the prospectus:
April 2003 |
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GIFAO
INVESTISSEMENT S.A. : 15, rue des Francs Bourgeois
- BP 37 - 67060 STRASBOURG CEDEX
Tel: +33 (0)3 88 75 55 50 - Fax: +33 (0)3 88 22
47 85 |
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