Ann: Appendix 3B, page-7

interesting article.......for me though, MECO's have huge leverage, and although the risk could be 100% of your oppie investment, the upside is huge....e.g...if the heads go to 1.20, then its safe to say the heads could go to say, 8c, allowing a small discount......thats over 100%.
For anyone considering investing in the fund, the oppies are a low risk way of getting on, yet keeping the funds in the bank, while sitting it out to see if the fund can perform. If it doesnt, you only lose what you would have lost by holding the heads, and yet you are free to invest the funds elsewhere for 12 months or so.
thats the strategy my partner is taking, given she wants to invest ethically, but is hesitant to punt fully in a new, and untested fund. For myself, i just found them to be a low cost punt, though, day to volatility may scare some away