Odey Investments Plc - Odey Swan Fund I GBP

Objective The investment objective of the Sub-Fund is to achieve long term capital appreciation by investing principally in a portfolio of equities and equity related securities, debt securities and currencies. Investment Policy The Fund will invest in asset classes including equities, equity related securities (such as warrants, convertible bonds and exchange traded Funds), derivatives (including those simulating long and short positions which may perform differently from the market as a whole), government and corporate debt securities, collective investment schemes (including exchange traded Funds), commodities, currencies and cash. Essential features of the Fund: The Fund has the discretion to invest in a range of investments as described above with no need to adhere to a particular benchmark. The Fund has no specific target market or asset class. Not more than 20% of the assets of the sub fund will be invested in emerging markets. The success or failure of the Fund is based on the Investment Manager’s expertise in allocating assets across the most opportune asset classes at any given time. The Fund may invest up to 100% in below investment grade debt securities. The Fund may invest up to 10%, in aggregate, of its net assets in UCITS and/or non-UCITS. Derivatives may be used for investment purposes and to manage the risk profile of the fund. The Fund may take long and short positions in any asset class. You can buy and sell shares in the Fund on every business day. This Fund may not be appropriate for investors who plan to withdraw their money within 5 years. Income from the Fund will be added to the value of your investment. This is an active, return-seeking multi-asset investment fund which has considerable latitude over its asset allocation, which may employ leverage and may own sophisticated instruments such as futures and options. The performance stream is likely to be volatile and the fund is suitable only for investors who have a longer time horizon and can tolerate high risk. Investors may not get back all the money invested and an investment in this fund should only form part of an investor’s total portfolio. Investors should discuss the suitability of this fund with their professional adviser.