Future FX Fund Brochure July09 by Sarahsinthekinchin

VIEWS: 7 PAGES: 2

									                                  THE FUTURE EFFECTS FUND
                                            Invest in Tomorrow - Today


Introduction                                                        Fund Manager’s Monthly Update
Climate change and the scarcity of natural resources such as        The Future Effects Fund recorded a gain of 4.8% during July
oil and water are realities of modern life that are here to stay.   to leave the NAV standing at €0.7525. The Fund performance
These trends are quickly bringing about the ‘revolution’ of this    compared to a gain of 8.8% for the FTSE 100, 10.6% for the
generation, the Environmental revolution.                           DAX and a gain of 6.6% for the Dow Jones Industrial Aver-
This opens up huge opportunities for well-informed investors        age.
to soar on the winds of change being facilitated by the
                                                                    Investor sentiment turned positive during July following a
unprecedented investment in the areas of Energy, Water and
                                                                    weak performance in June. This about-turn was triggered by a
Utilities.                                                          second quarter reporting season in the US which saw 75% of
                                                                    companies beat expectations, the best performance since
The objective of the Future Effects Fund is to harness the          1994, while the actual earnings numbers beating expectations
investment opportunity offered in a range of companies/funds        by some 12%. Adding to this new-found investor enthusiasm
or derivatives involved in the key areas where environmental        was a series of more positive economic data, particularly from
changes along with scarcity are likely to have a significant        the US housing sector which created the feeling that the worst
positive impact on their future performance.                        of the downturn was behind us.
Imagine having been an investor when Edison invented the            As well as the above factors of particular importance for the
light bulb, which by now has become the second largest              Fund during the month was the continued positive news-flow
                                                                    out of China which reaffirmed its full-year GDP growth targets
company in the world, ‘General Electric’. We are in a similar
                                                                    of +8.5%, and this fact resulted in a strong performance in the
period of change and with changes of this nature comes              basic resources sector.
great opportunity. Investments will be diverse from the             This was reflected in a positive performance by the Fund as it
manufacture of the most modern wind farms to the creators           benefited from the higher basis resources and commodity
of meters that will measure the water we use in our homes.          exposure which was effected in the previous months.
                                                                    During the month the Fund Manager continued to streamline
                                                                    the Fund by reducing the number of holdings in the Emerging
Overview                                                            Alternative Energy sector to focus on core areas of solar, hy-
We provide clients with the opportunity to share in the             dro, wind, wave and bio-fuel, and this process will continue in
financial achievements of existing and emerging oil, gas,           the coming month in the Establish Alternative Energy sector.
wind, solar and alternative energy companies with charges           The outlook for the global economy has turned more positive
that are very competitive in the marketplace and access to          in recent weeks and this will be reflected in the coming
funds after only 3 years.                                           months by higher demand as productivity and consumption
                                                                    increase. This will be positive for the future performance of
Our Research and Wealth Management teams will use their             the Fund given the increased exposure to the more growth
considerable collective expertise to actively manage the fund,      sensitive sectors of the economy.
giving it the flexibility to adapt to ongoing environmental                                                                                                 C o mmo d i t i es
policies and trends which will arise during the investment
                                                                                              Asset Allocation
                                                                                                                                                            O il/ Ext ract ive
term.                                                                                                   7%
                                                                                                                      11%
                                                                                                                                                            W at er St o cks
Investors will enjoy the benefit of 100% participation in the
performance of the fund which includes the proceeds of any                    25%                                                                           El ect ricit y
                                                                                                                                                            U t il it y
dividends or other income generated by underlying assets.                                                                            26%                    Est ab li shed
                                                                                                                                                            A lt er nat i ve
Investment Manager                                                                                                                                          Emerg ing
                                                                                                                                                            A lt er nat i ve
Dolmen Securities Limited, established 1994, is the                                  4%                                                                     B o nd s/ C ash
appointed Investment Manager of the Future Effects Fund.                                                                        5%
Dolmen is an integrated financial services provider and is a                                   16%                                                          U nq uo t ed
member of both the Dublin and London Stock Exchanges.                                                                      6%                               Secur it ies
Dolmen specialises in providing stock-broking and wealth
management services for the discerning private client. Our           Index Growth
business is based on trust, performance and reputation.
Dolmen have also developed extensive experience in
                                                                     2 50 . 0 0 %
alternative energy stocks through the highly acclaimed Green
Effects fund, venture investments in emerging technologies           2 0 0 .0 0 %
and fund raising for wind and other energy projects.
                                                                      150 . 0 0 %
Liberty Asset Management is one of Ireland’s leading
independent financial firms and is an independent subsidiary          10 0 . 0 0 %

of Friends First Holdings Ltd - one of Ireland’s largest
                                                                       50 . 0 0 %
financial services groups.
 Key Information                                                         0 .0 0 %
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 Next Trade Date                       15th August 2009
 Minimum Investment                    €10,000
                                       (Pension - €25000)
 Dealing Frequency                     Monthly                                                Basic Resources                                 Utilities                 Oil
 Sales Agent                           Dolmen Securities Ltd
 Custodian                             Pershing Securities
 Investment Manager                    Dolmen Securities Ltd        Contact Details
 Investment Management Fee             1.35%                        Jim Shiggins - Sales Manager (01) 633 3630
                                                                    David Morris - Sales (01) 633 3668
                                        FUTURE EFFECTS FUND
                                    THE The Future FX Fund
                                            Invest Tomorrow        Today
                                         Invest in in Tomorrow - -Today

                    Sample of Companies Included in Future Effects Fund

                                                     Oil/Extractive Stocks
BP:                                            Anglo American:                                  BHP Billiton:
Market Capitalisation: $136,216m               Market Capitalisation: $24,178m                  Market Capitalisation: $38,860m

                                                      Water Utility Stocks
Veolia Environment SA:                         Kelda:                                           Northumbrian Water:
Market Capitalisation: $43,676m                Market Capitalisation: $5,265m                   Market Capitalisation: $3,284m

Severn Trent:                                  Pennon:                                          Impax Environmental Markets:
Market Capitalisation: $6,817m                 Market Capitalisation: $4,239m                   Market Capitalisation: $391m


                                                  Electricity Utility Stocks
Iberdrola Sa:                                  Rwe Ag:                                          Gaz De France:
Market Capitalisation: $84,386m                Market Capitalisation: $72,784m                  Market Capitalisation: $54,679m

                              Established Alternative Energy/Renewable Stocks
Fpl Group Inc:                                 Suntech Power Holdings Adr:                      Om Group Inc:
Market Capitalisation: $22,598m                Market Capitalisation: $8,549m                   Market Capitalisation: $1,065m

Applied Materials Inc:                         Solarworld:                                      Energy Conversion Devices:
Market Capitalisation: $18,524m                Market Capitalisation: $6,485m                   Market Capitalisation: $9,854m

Archer– Daniels - Midland Co:                  Methanex :                                       Canadian Hydro Developers Inc:
Market Capitalisation: $20,482m                Market Capitalisation: $2,248m                   Market Capitalisation: $858m

Vestas Wind Systems:                           Intl Rectifier Corp:                             Enersys:
Market Capitalisation: $15,365m                Market Capitalisation: $2,189m                   Market Capitalisation: $745m

Constellation Energy Group:                    Ormat Technologies Inc:                          Ballard Power Systems Inc:
Market Capitalisation: $185,789m               Market Capitalisation: $1,854m                   Market Capitalisation: $498m


                                Emerging Alternative Energy/Renewable Stocks
Chloride Group Plc:                            Active Power Inc:                                Environmental Power Corp:
Market Capitalisation: $785m                   Market Capitalisation: $96m                      Market Capitalisation: $54m

Worldwater & Solar Technology:                 Hydrogenics Corp:                                Western Wind Energy:
Market Capitalisation: $450m                   Market Capitalisation: $63m                      Market Capitalisation: $32m

Capstone Turbine Corp:                         Amtech Systems Inc:                              Lighting Science Group:
Market Capitalisation: $106m                   Market Capitalisation: $52m                      Market Capitalisation: $23m

Ocean Power Technologies Inc:                  UQM Technologies Inc :                           Railpower Technologies Corp:
Market Capitalisation: $84m                    Market Capitalisation: $48m                      Market Capitalisation: $19m

MGP Ingredients Inc:                           Syntroleum Corp:                                 Thermoenergy Corp:
Market Capitalisation: $72m                    Market Capitalisation: $42m                      Market Capitalisation: $24m


              For further information please contact Dolmen Wealth Management on 01 633 3800
              or email info@dsl.ie. Dolmen Securities, 75 St. Stephen’s Green, Dublin 2, Ireland




                         Warning: Past performance is not a reliable guide to future performance.
                                The value of your investment may do down as well as up.
                     The Future Effects Fund may be affected by changes in currency exchange rates.


      Dolmen Wealth Management is a division of Dolmen Securities Ltd. Dolmen Securities Ltd is Regulated by the Financial Regulator.
             Liberty Asset Management Ltd is regulated by the Financial Regulator. Registered in Ireland Company no. 243569

								
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