Investec Global Strategy Fund Ld
25 April 2003
To: RNS
We are pleased to advise that the Annual Report to 31st December 2002 of the
Investec Global Strategy Fund Limited has been approved by a Directors
sub-committee (as requested at a Board Meeting of the above-named company held
in Guernsey on 31 March 2003).
Below is a copy of the Statement of Total Return which contains comparative
figures for the equivalent period in 2001.
Dividends payable by the Company are as per the schedule below, and approved by
the Board at the above meeting.
From: Investec Asset Management Guernsey Limited
Statement of Total Return
for the year ended 31 December 2002
Year ended U.S. U.S.
31 December 2002 Dollar Sterling Euro Managed Dollar
2001 Total Money Money Money Currency Managed
US$000s Notes US$000s US$000s £000s €000s US$000s US$000s
Net gain/(losses) on investments
(211,795) during the year 8 (120,858) (353) (67) (2) 795 56
Net gain/(losses) on foreign exchange
(15,636) during the year 58,712 (1) 2 2 4,213 67
54,282 Gross income 9 48,694 2,101 1,518 1,177 1,447 136
(19,505) Expenses 10 (18,903) (593) (233) (225) (445) (40)
Net income/(expenses)
34,777 before taxation 29,791 1,508 1,285 952 1,002 96
(2,431) Taxation (2,140) - - - - -
32,346 Net income/(expenses) after taxation 27,651 1,508 1,285 952 1,002 96
(195,085) Total return for the year (34,495) 1,154 1,200 951 6,009 218
(34,822) Distributions 11 (29,736) (1,334) (1,135) (934) (991) (92)
Net increase/(decrease) in shareholders'
$(229,907) funds from investment activities $(64,231) $(180) £85 €17 $5,018 $127
Global U.S. Dollar Sterling European Global
High U.S. High High High balanced
Sterling Global Income Dollar Income Sterling Income European Income US$000s
Managed Bond Bond Bond Bond Bond Bond Bond Bond
£000s US$000s US$000s US$000s US$000s £000s £000s €000s €000s
(253) 6,440 701 3,228 387 1,560 (1,715) (71) (4,894) (493)
659 3,510 2,563 - (1,921) 5 (260) 305 607 745
843 3,309 3,823 2,688 1,898 4,958 1,282 2,369 2,458 1,199
(217) (1,007) (606) (742) (270) (949) (156) (670) (369) (586)
626 2,302 3,217 1,946 1,628 4,009 1,126 1,699 2,087 613
- (73) 13 - - - (2) (84) (2) (68)
626 2,229 3,230 1,946 1,628 4,009 1,124 1,615 2,085 545
1,033 12,179 6,494 5,174 94 5,574 (851) 1,849 (2,202) 797
(624) (2,170) (3,714) (1,925) (1,619) (3,993) (1,116) (1,599) (2,065) (515)
£409 $10,009 $2,780 $3,249 $(1,525) £1,581 £(1,967) €250 €(4,267) $282
Statement of Total Return continued
for the year ended 31 December 2002
Asia Hong
Global American U.K. New Kong
Equity Equity Equity Economy Equity
Notes US$000s US$000s £000s US$000s US$000s
Net gain/(losses) on investments
during the year 8 (13,170) (5,542) (8,581) (2,523) (1,770)
Net gain/(losses) on foreign exchange
during the year 9 45 (8) 1 (8) -
Gross income 9 1,400 433 1,484 494 432
Expenses 10 (1,323) (433) (759) (546) (231)
Net income/(expenses)
before taxation 77 - 725 (52) 201
Taxation (287) (127) (9) (73) (5)
Net income/(expenses)after taxation (210) (127) 716 (125) 196
Total return for the year (13,335) (5,676) (7,864) (2,656) (1,574)
Distributions 11 - - (693) - (197)
Net increase/(decrease) in shareholders'
funds from investment activities $(13,335) $(5,676) £(8,557) $(2,656) $(1,771)
European Global Wired
Japan Continental Smaller Emerging Global Global Global Index
Equity European Companies Markets Energy Gold Privatisation Fund
US$000s US$000s US$000s US$000s US$000s US$000s US$000s US$000s
(1,830) (37,722) (708) (427) 1,008 2,654 (1,056) (50,416)
26 499 1 3 10 (34) (1,181) 5
152 2,786 209 137 256 97 2,252 914
(274) (2,787) (135) (111) (226) (101) (1,670) (1,724)
(122) (1) 74 26 30 (4) 582 (810)
(30) (666) (50) (17) (59) (4) (434) (152)
(152) (667) 24 9 (29) (8) 148 (962)
(1,956) (37,890) (683) (415) 987 2,612 (2,089) (51,373)
- (3) (24) (11) - 5 (150) -
$(1,956) $(37,893) $(707) $(426) $987 $2,617 $(2,239) $(51,373)
NAME SHARE CLASS DEC. DATE PAY DATE AMOUNT
GGS Investec A Sterling Bond Fund 31/12/2002 15/01/2003 £0.13
GEH Investec A European High Inc. Bond Fund 31/12/2002 15/01/2003 EUR 0.35
GSH Investec A Sterling High Income Bond Fund 31/12/2002 15/01/2003 £0.30
GHI Investec A Global High Inc. Bond Fund 31/12/2002 15/01/2003 $0.29
GDH Investec A US Dollar High Income Bond Fund 31/12/2002 15/01/2003 $0.54
GEF Investec A Euro Money Fund 31/12/2002 15/01/2003 EUR 0.34
GEB Investec A European Bond Fund 31/12/2002 15/01/2003 EUR 0.45
GES Investec A European Smaller Companies 31/12/2002 15/01/2003 $0.045
GEM Investec A Emerging Markets 31/12/2002 15/01/2003 $0.02
GGB Investec A Sterling Money Fund 31/12/2002 15/01/2003 £0.16
GUK Investec A U.K. Equity Fund 31/12/2002 15/01/2003 £0.20
GMS Investec A Sterling Managed Fund 31/12/2002 15/01/2003 £0.09
GPR Investec A Privatisation Fund 31/12/2002 15/01/2003 $0.06
GUS Investec A U.S. Dollar Money Fund 31/12/2002 15/01/2003 $0.13
GMC Investec A Managed Currency Fund 31/12/2002 15/01/2003 $0.32
GMD Investec A Dollar Managed Fund 31/12/2002 15/01/2003 $0.10
GBO Investec A Global Bond Fund 31/12/2002 15/01/2003 $0.53
GDB Investec A U.S. Dollar Bond Fund 31/12/2002 15/01/2003 $0.42
GBG Investec A Global Balanced Fund 31/12/2002 15/01/2003 $0.13
GHK Investec A Hong Kong Equity Fund 31/12/2002 15/01/2003 $0.40
GMC Investec C Managed Currency Fund 31/12/2002 15/01/2003 $0.04
GHI Investec C Global High Inc. Bond Fund 31/12/2002 15/01/2003 $0.21
GBO Investec C Global Bond Fund 31/12/2002 15/01/2003 $0.21
GDB Investec C U.S. Dollar Bond Fund 31/12/2002 15/01/2003 $0.27
GDH Investec C US Dollar High Income Bond Fund 31/12/2002 15/01/2003 $0.33
GHK Investec C Hong Kong Equity Fund 31/12/2002 15/01/2003 $0.06
GEF Investec D Euro Money Fund 31/12/2002 15/01/2003 EUR 0.31
GGB Investec D Sterling Money Fund 31/12/2002 15/01/2003 £0.10
GBG Investec D Global Balanced Fund 31/12/2002 15/01/2003 $0.03
GBO Investec D Global Bond Fund 31/12/2002 15/01/2003 $0.17
GUS Investec D U.S. Dollar Money Fund 31/12/2002 15/01/2003 $0.08
GMC Investec D Managed Currency Fund 31/12/2002 15/01/2003 $0.38
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