ProfitFundCom/Japan Asia Equity Fund


The New Fund of the Emerging Pan-Asian Region:
profitfund.com/japanasia


Fund Management and Performance

View the Prospectus and Investment Regulations (html)

View the Prospectus and Investment Regulations (pdf)

View Annual Report, 31 Dec 2003 (in German)

View Half-Year Report, 30 June 2004 (in German)


Open Equity Fund, Domiciled in the Principality of Liechtenstein

Aims to Maximise Absolute Return From Investments Mainly in the Thriving Asia-Pacific Region

Synthesis of New Asset Allocation Method and Micro Stock Picking

Bottom-Up Stock Picking Based on Opportunities
from the Historic Transformation of the Pan-Asian Region


Unique Features:

While most funds are split into Asia ex-Japan funds and Japan-only funds, the region is rapidly developing into a single economic unit and proceeding on the road towards a unified currency system. The ProfitFundCom/ Japan Asia Equity Fund takes advantage of this integration of the entire region.

The country allocation is based on the top-down liquidity analysis developed and successfully applied by Profit Research Center Ltd., Tokyo.

The stock selection process is based on a combination of identifying value and growth stocks that are positioned to take advantage of two major developments in the Pan-Asian region:



a)   The increased interdependence of all Asian countries and rapid progress towards Asian economic unification, including the progress towards currency union.


b)   The structural shift of the Japanese and Asian economies from export-oriented, manufacturing-based and bank-centered to domestic demand-led, service-oriented and stock-market based


Special emphasis is placed on the role of new technologies, the internet, aging societies, concern for the environment and emerging greater appreciation for quality of life.




Legal Structure



Fund Management:





Supervisory Board:





Board of Directors:

Investment Adviser:

Custodian:




Auditor:



ProfitFundCom AG
Aubundt 36
Postfach 1507
9490 Vaduz
Principality of Liechtenstein

HRH Prince Michael von Liechtenstein
Dr. Albert Mayer
Richard A. Werner
Rosemary Cooke
Mizuho Tabata

Matthias Voigt, Chief Executive

Profit Research Center, Ltd., Tokyo, Japan

Liechtensteinische Landesbank AG
Staedtle 44
FL-9490 Vaduz
Principality of Liechtenstein

PricewaterhouseCoopers AG, St. Gallen, Switzerland


Investment Regulations


The fund is denominated in Japanese yen.

The fund invests mainly in stocks and shares of companies in the Asia-Pacific region.

The fund will not apply leverage (up to 10% in exceptional cases, to secure the interests of the beneficiaries when cancellations would force undesired securities sales).

Dividends are reinvested automatically.



Fees


1.5% p.a. (maximum) of funds under management. This covers the fees for the fund manager, the adviser, the custodian and the administrator.

Issuance fee 1% to 3%, depending on amount, cancellation fee 0.25%.

10% p.a. performance bonus for any net returns achieved by the fund above and beyond a performance of 10% p.a.