DJE - Agrar & Ernährung I (EUR)

DJE - Agrar & Ernährung I (EUR) Header Image
Minimum investment: 75,000 EUR
ISIN:
LU0350836184
As at:
24/04/2019
Bid:
183.59 EUR
Offer:
183.59 EUR

Monthly Commentary

In the middle of March extensive rainfall caused flooding in the Midwest of the USA. In the affected states of Nebraska, Missouri, South Dakota and Iowa, part of the grain stocks in the silos were destroyed. Sowing will probably only be possible after the fields have dried. Difficulties in the logistics sector led to a further increase of the price premium for locally produced fertilizers. Nitrogen fertilizer manufacturers in the Midwest in particular should benefit from this situation if more corn is cultivated from the second quarter onwards. European competitors benefited from lower gas prices. Following the good price performance at the beginning of the year the fund management was able to realise profits through sales in the US food sector. In return the fund expanded its commitment to goat milk processing in Australia. Goat milk products are becoming increasingly popular especially among Chinese consumers.

Legal Information / Disclaimer:

Figures subject to revision by the auditors on the reporting dates. The published information does not constitute investment advice or a recommendation, but only provides a brief summary of the key features of the fund. The current sales documents (Key Investor Information Document, prospectus, annual report and – if the annual report is older than eight months – the semi-annual report) for the respective investment funds form the sole basis for the purchase of securities. The sales documents are available at no charge at the respective fund company, the distribution company or at www.dje.de. All data and estimates are indicative and may change at any time. This information is based on our assessment of current legal and tax regulations. The data were carefully compiled, but no guarantee can be given for the accuracy of such information. All data are subject to change. The performance is calculated using the BVI (Bundesverband Investment und Asset Management e.V.) method, i.e. without taking into account the subscription fee. Individual expenses such as fees, commissions and other charges are not taken into account in the data and would have a detrimental effect on the performance if they were. The subscription fees payable reduce the invested capital as well as the performance depicted. Data on past performance are not a reliable indicator of future performance. The tax treatment depends on the individual circumstances of the investor and may be subject to change. Please see the prospectus for more detailed tax information. In connection with brokering fund units, the Dr. Jens Ehrhardt Group and its distribution partners may receive reimbursements from costs charged to the funds by the investment companies in accordance with the respective prospectuses. The units of this fund that are issued may only be sold or offered for sale in jurisdictions in which such offer or sale is permitted. Therefore the units of this fund may not be offered for sale or sold in the USA, or offered for sale or sold to or for the account of US citizens or US persons resident in the USA. This document and the information it contains may not be distributed in the USA. The distribution and publication of this document and the offer or sale of units may also be subject to restrictions in other jurisdictions.

*) © 2016 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.