The Fund is incorporated in Bermuda and is structured as a close-ended fund, with a minimum initial subscription for shares by an investor of US$100,00.00.
The investment objective of the fund is to provide its Shareholders with capital growth through a portfolio of mainly unquoted equities and direct investments in Asia, with a particular focus on development land in Thailand and the Philippines.
The investment strategy of the Fund will be to achieve long-term capital growth through a portfolio of assets, primarily consisting of investments in the Philippines and Thailand. Investments will also be considered elsewhere in Asia. Investments will focus on development land, other real property and property related stocks, including unquoted shares. The Company may also invest in mutual funds or closed-ended companies that invest mainly in Asia.
The listing of The Asian Land Fund Limited Voting Ordinary Shares is sponsored by Bermuda International Securities Ltd., (a wholly owned subsidiary of the Bank of Bermuda, Hamilton, Bermuda). The securities are being listed under the Listing Regulations for Collective Investment Schemes and the provisions for Restricted Marketing.
"The BSX welcomes The Asian Land Fund Limited", said Mr. James S. McKirdy, Listing Manager of the BSX. "This is another fund that expands the scope of funds investing in Asia that are listed on the Exchange."
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For further information on The Asian Land Fund Limited, please contact Mr. Tom MacNeil of Jupiter Asset Management (Bermuda) Limited at telephone: 441-292-2760 or facsimile: 441-295-8690.