Polar Capital Global Utilities Fund - July 2008

Polar Capital Global Utilities is an absolute return long/short global utilities sector fund using a thematic investment approach with a focus on risk management.

The fund’s investment objective is to achieve absolute returns through investment in the securities of utility companies around the world. The fund invests primarily in equity and equity-related securities of utility companies listed or traded on recognised stock exchanges. It also invests in the securities of utility-related companies.

The fund has low risk characteristics. The investment proposition is to generate thematic ideas and conduct fundamental research by carrying out quantitative

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