The split was sparked by the Fund's
excellent performance since its inception in January 1995.
A 10-1 split means that each investor will receive 10 units for each one
owned which adjusts the price per unit down from $4,770/- to $477/-, broadening
its appeal to investors. The Fund's lower Net Asset Value makes it a more
attractive investment alternative, allowing for larger block purchases.
An investor of $100,000/- in the Fund at inception would have a market
value of $477,000/- at the end of November 2000. In October, Micropal,
ranked the Fund 20th amongst 165 one-year US Equity funds, 15th out of
103 funds over three-years and 5th of 66, over five years.
Richard Keigher, Managing Director and Chief Investment Officer, SAMBA
Capital Management International said: "Looking forward to next year
we are confident of continued optimal results as the course of the US economy
and interest rates become clearer."
Sheila Kaur / Ayad Nahas, Fortune Promoseven, Dubai, UAE
Tel: 00 971 4 266 9686 / Fax: 971 4 269 9805 / Email: firstname.lastname@example.org
John Bauer, Samba Capital Management International Ltd
Tel: 00 44 20 765 98267 Fax: 00 44 20 7355 4412