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DATOS DE AUTOCTONIDAD

La difícil modernización de una ciudad

DATOS DE AUTOCTONIDAD

Investor profile Growth-oriented Currency of sub-fund EUR

Sub-fund manager Deutsche Asset & Wealth Management Investment GmbH, Deutsche Asset Management (UK) Limited and Deutsche Asset Management (Hong Kong) Limited.

The Management Company entered into an investment management agreement with Deutsche Asset & Wealth Management Investment GmbH, Frankfurt/Main. Furthermore, Deutsche Asset & Wealth Management Invest- ment GmbH, Frankfurt/Main, entered into a sub-investment management agreement with Deutsche Asset Management (UK) Limited, London and Deutsche Asset Management (Hong Kong) Limited under its supervision, control and responsibility, and at its own expense.

Performance benchmark MSCI AC FAR EAST ex JAPAN (50%) and MSCI AC FAR EAST in EUR (50%) Reference portfolio (risk benchmark) MSCI AC FAR EAST ex JAPAN (50%) and MSCI AC FAR EAST in EUR (50%) Leverage effect 2 times the value of the investment sub-fund’s assets

Calculation of the NAV per share Each bank business day in Luxembourg that is also an exchange trading day in Hong Kong

Order acceptance All subscription, redemption and exchange orders are placed on the basis of an unknown net asset value per share. Orders received by the Transfer Agent at or before 4:00 PM Luxembourg time on a valuation date are processed on the basis of the net asset value per share on that valuation date. Orders received after 4:00 PM Luxembourg time are processed on the basis of the net asset value per share on the next valuation date. Value date In a purchase, the equivalent value is debited three bank business days after issue of the shares. The equivalent

value is credited three bank business days after redemption of the shares. The value date for purchase and re- demption orders of certain currencies may deviate by one day from the value date as specified in the description of share classes in the general section of the Sales Prospectus.

Fractional shares Up to three places after the decimal point

Expense cap Not to exceed 15% of the Management Company fee

* For additional costs, see Article 12 in the general section of the Sales Prospectus.

** 3% based on the gross investment corresponds approx. to 3.09% based on the net investment. *** 5% based on the gross investment corresponds approx. to 5.26% based on the net investment.

Share class Currency of Front-end load Management Service Fee p.a. Taxe d’abonnement Launch date share class (payable by the investor) Company Fee p.a. (payable by the sub-fund)* (payable by the sub-fund)

(payable by the sub-fund)*

LC EUR up to 5%*** up to 1.5% 0% 0.05% June 3, 2002

LD EUR up to 5%*** up to 1.5% 0% 0.05% June 3, 2002

NC EUR up to 3%** up to 2% 0.2% 0.05% June 3, 2002

FC EUR 0% up to 0.75% 0% 0.05% June 3, 2002

USD LC USD up to 5%*** up to 1.5% 0% 0.05% November 20, 2006

USD FC USD 0% up to 0.75% 0% 0.05% November 20, 2006

GBP RD GBP 0% up to 0.75% 0% 0.05% January 19, 2009

For the sub-fund with the name Deutsche Invest I Top Asia, the following provisions shall apply in addition to the terms contained in the general section of the Sales Prospectus.

Investment policy

The objective of the investment policy of Deutsche Invest I Top Asia is to achieve as high an appreciation as possible of capital invested in Euros. The sub-fund may acquire equities, interest-bearing securities, convertible bonds, convertible debentures and warrant-linked bonds, participation and dividend-right certificates and equity warrants. At least 70% of the sub-fund’s assets are invested in equities of companies hav- ing their registered offices or principal business activity in Asia. A company is viewed as having its principal business activity in Asia if the great- est part of its earnings or revenues is generated there. Considered as Asian issuers are compa- nies having their registered offices or principal business activity in Hong Kong, India, Indonesia, Japan, Korea, Malaysia, the Philippines, Singa- pore, Taiwan, Thailand and the People’s Republic of China. The following aspects shall be consid- ered when selecting equities:

– strong market position of an issuer in its field of business,

– financial ratios that are sound for the circum - stances,

– better-than-average corporate management that is focused on achieving solid long-term earnings,

– strategic orientation of the company, – shareholder-centered information policies.

Accordingly, the sub-fund acquires equities of companies it expects to achieve results and/or share prices that are above average with respect to the broad market.

A maximum of 30% of the sub-fund’s assets (after deduction of liquid assets) may be invested in equities of foreign and domestic issuers that do not satisfy the requirements of the preceding sentence.

In addition, the sub-fund’s assets may be invested in all other permissible assets.

Notwithstanding the investment limit of 10% spec- ified in Article 2 B. (i) concerning investments in

shares of other Undertakings for Collective Invest- ment in Securities and/or other collective invest- ment undertakings as defined in Article 2 A. (e), an investment limit of 5% shall apply to this sub-fund.

The following investment restriction applies to the sub-fund due to a possible registration in Korea:

The sub-fund must invest more than 70% of the net assets in non-Korean Won-denominated assets.

Specific risks:

Because the sub-fund is specialized on a spe- cific geographic area, it presents increased opportunities, but these opportunities are countered by equally elevated risks.

The sub-fund is focused on investments in Asia. Asian exchanges and markets are sometimes subject to substantial fluctuations. Fluctuations in the rate of exchange of the local currencies against the euro can also impact on investment performance. The credit risk associated with an investment in securities, i.e., the risk of a decline in the assets of issuers, cannot be entirely elimi- Due to its composition and the techniques applied by its fund management, the sub-fund is subject to markedly increased volatility, which means that the price per share may be subject to substantial downward or upward fluctuation, even within short periods of time.

nated even by the most careful selection of the instruments to be purchased. Political changes, restrictions on currency exchange, exchange monitoring, taxes, limitations on foreign capital investments and capital repatriation etc. can also affect investment performance.

Risk Management

The relative Value-at-Risk (VaR) approach is used to limit market risk in the sub-fund.

In addition to the provisions of the general sec- tion of the Sales Prospectus, the potential market risk of the sub-fund is measured using a refer- ence portfolio that does not contain derivatives (“risk benchmark”).

Leverage is not expected to exceed twice the value of the investment sub-fund’s assets. The leverage effect is calculated using the sum of notional approach (absolute (notional) amount of each derivative position divided by the net pres- ent value of the portfolio). However, the disclosed expected level of leverage is not intended to be an additional exposure limit for the sub-fund.

Investment in shares of target funds

In addition to the information in the general section of the Sales Prospectus the following is applicable to this sub-fund:

When investing in target funds associated to the sub-fund, the part of the management fee attrib- utable to shares of these target funds is reduced by the management fee/all-in fee of the acquired target funds, and as the case may be, up to the full amount (difference method).