Stmnt re New Fund
04 Gennaio 2002 - 11:51AM
UK Regulatory
RNS Number:4822P
Robeco NV
4 January 2002
TAKE ADVANTAGE OF EXPECTED ECONOMIC RECOVERY THROUGH
ROBECO ECONOMIC RECOVERY 02/04
The new fund Robeco Economic Recovery 02/04 is introduced today. The fund will
invest worldwide in sectors which are expected to benefit first from the
recovery of the global economy. In the past, it has turned out that early-
cyclical stocks perform well in the first phase of recovering growth. These
include stocks from the chemicals, commodities, retail and media sectors, but
also stocks of financial services companies such as asset managers and
investment banks. The fund will also invest in several companies from the ICT
sector which are expected to benefit relatively strongly from an economic
upswing. Robeco is currently the only provider in the Dutch market to offer such
a fund.
"I expect the world economy to recover in the second half of 2002. As has
previously been the case, stock exchanges will anticipate this", said Jaap van
Duijn, the fund's manager and Robeco's Chief Investment Officer.
Investments in Robeco Economic Recovery 02/04 have a limited life to maturity,
which corresponds to the expected duration of the first phase of economic
recovery. The value of the participating units will be paid on 29 April 2004.
The fund does not have a benchmark and is most suitable for those wishing to
realize extra returns in the short term based on a well-diversified core
portfolio.
The subscription period runs from 5 January 2002 through 18 January 2002 at
17:00 hours CET. During this period there will be no charge for purchase costs.
The first quotation will take place on 22 January 2002. The issue price is EUR
25. Participants can subscribe through Robeco Advies, Rabobank, and other banks
or intermediaries. The fund will be tradable daily. Management costs will amount
to 1.2% per annum and are included in the fund's share price.
A summary of today's press conference on Mr.Jaap van Duijn's outlook for 2002
will be available on the robeco.com home page under the heading press releases
at approximately 17:00 hours CET.
For further information, please contact;
Corporate Communications
Ronald Florisson
+31-10-224 28 10
+31-653-831 586 (mobile)
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