Reference: European equity fund
Reference information:
This is a mutual fund, unit trust, or offshore fund that invests in shares of European companies. The following would be informative:
NEW YORK--(Business Wire)--
The European Equity Fund, Inc.(NYSE: EEA) today announced that Deutsche
Investment Management Americas Inc. ("DIMA"), its investment manager, and
Deutsche Asset Management International GmbH ("DeAM"), its investment adviser,
have agreed to implement temporary partial fee waivers. Effective September 1,
2009 the aggregate fees payable by the Fund to DIMA and DeAM will be reduced by
35 basis points for a one year period. As a result, the aggregate investment
management and investment advisory fees payable by the Fund during the waiver
period will be .65% of the first $50 million of the Fund`s average weekly net
assets, .55% of the next $50 million of average weekly net assets, and .45% of
average weekly net assets in excess of $100 million. The Fund further announced
that DeAM has recently strengthened the investment resources supporting the
Fund.
The European Equity Fund, Inc. is a diversified, closed-end investment company
seeking long-term capital appreciation through investment primarily (normally at
least 80% of its assets) in equity and equity-linked securities of companies
domiciled in European countries utilizing the Euro currency.
Closed-end funds, unlike open-end funds, are not continuously offered. There is
a one-time public offering and once issued, shares of closed-end funds are sold
in the open market through a stock exchange. Shares of closed-end funds
frequently trade at a discount to the net asset value. The price of a fund`s
shares is determined by a number of factors, several of which are beyond the
control of the fund. Therefore, a fund cannot predict whether its shares will
trade at, below or above net asset value.
Investments in funds involve risk. Additional risks are associated with
international investing, such as government regulations and differences in
liquidity which may increase the volatility of your investment. Foreign security
markets generally exhibit greater price volatility and are less liquid than the
US market. Additionally, this fund focuses its investments in certain
geographical regions, thereby increasing its vulnerability to developments in
that region and potentially subjecting the fund`s shares to greater price
volatility. Some funds have more risk than others. These include funds that
allow exposure to or otherwise concentrate investments in certain sectors,
geographic regions, security types, market capitalization or foreign securities
(e.g., political or economic instability, which can be accentuated in emerging
market countries).
http://www.reuters.com/article/pressRelease/idUS198396 27-Ju...
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