Sofixing Mining Investment
Investment Objectives
- o Who derive a significant proportion of their revenues from the mining of base and precious metals, industrial minerals, and bulk commodities, the production of oil and gas or geothermal energy; or
- o Have a significant proportion of their assets invested, or they propose to invest a significant proportion of their assets, in activities involved in the exploration for base and precious metals, industrial minerals, bulk commodities, oil, gas and geothermal energy.
The investment objectives should be treated as a target only and should not be considered as an assurance or guarantee of the Portfolio or any part of it.
Sofixing seeks to maximise the capital growth of its Portfolio by investing in natural resource companies. Investments will primarily be in mining or exploration companies – that are either producing or exploring for base and precious metals, industrial minerals and bulk commodities. From time to time the portfolio may have exposure to oil, gas and geothermal energy companies. Whilst in making its investment decisions Sofixing will generally take a medium to long term view, it may however, from time to time acquire investments with a view to profit through short term trading opportunities.
Sofixing recognises that investment markets are not always perfectly efficient. This provides the opportunity for Sofixing to generate investment results. Sofixing believes that this can only be achieved on a consistent basis by adopting a long term investment horizon, seeking to invest in companies and securities with the potential for high or improving growth over the medium to long term.
- Focus on the investment merits of individual stocks rather than market and economic trends; and
- Be an active investor, seeking to invest in shares which it assesses to be undervalued relative to their longer term growth prospects.
In accordance with its long-term investment philosophy, Sofixing does not intend to seek to increase profit for distribution to Shareholders by selling investments. Sofixing intends to reflect the revaluation of its investments in the asset revaluation reserve rather than in operating profit, subject to compliance with any future changes in relevant accounting standards.