Harcourt expands its commodity offering with an actively managed

Harcourt expands its commodity offering with an actively managed, specialist investment strategy. As commodities become a key asset class in portfolio diversification, the Vontobel Fund – Belvista Dynamic Commodity offers investors an innovative approach that provides access to a widened range of return sources from active commodities investing.

With the strong performance and commercial success of the Vontobel Fund - Belvista Commodity since 2007, Harcourt has become a leading player in commodities investing. As clients' demands for active returns from commodities investing grow, Harcourt's close-knit, specialised Commodities Investment Team will offer an unique new strategy that provides robust access to 5 return sources. In the management of the new Vontobel Fund – Belvista Dynamic Commodity Harcourt can rely on the proven track record of its investment professionals as the well established team has over 50 years of combined experience in commodity investments. The Vontobel Fund – Belvista Commodity (USD share class) managed by the team, has outper¬formed the DJ UBS Commodity Total Return Index by 15.8% since its inception in April 2007 to March 2012.

The investment dimensions of the Vontobel Fund – Belvista Dynamic Commodity are over- or underweighting commodity exposures versus the benchmark and selecting optimum contract maturities. The Fund's performance quality is enhanced through access to additional return sources: upsizing of contract selection exposure, spread trades (ability to perform backwardation trades) and the usage of moderate leverage within the UCITS framework. The Vontobel Fund - Belvista Dynamic Commodity aims to generate 6 to 8% annual performance relative to its reference index, the DJ UBS Commodity Total Return Index.

Commodities are an important asset class as they can provide strong portfolio diversification. Historically, commodities have shown low correlation to equities and other asset classes. This provides investors with a clear diversification for their portfolios. Furthermore, commodities can provide inflation protection as commodity prices usually rise when inflation is accelerating.

Vontobel Fund (SICAV) – Belvista Dynamic Commodity

Contact
Media Relations: Reto Giudicetti +41 (0)58 283 61 63

Harcourt Investment Consulting AG
Harcourt Investment Consulting AG (Harcourt) is part of the Vontobel Asset Management division and an internationally established provider of alternative investment solutions. Harcourt is specialised in transparent and innovative products and services in the field of fund of hedge funds and commodities. Their aim is to generate added value for their institutional and private clients. Harcourt manages assets in excess of USD 4.2bn as of December 31st 2011.


Important legal information:
This document is for information purposes only and does not constitute an offer to subscribe for shares of the Fund. Subscriptions of the Vontobel Fund, an investment fund under Luxembourg law (SICAV), should in any event be made solely on the basis of the current offering prospectus, the Key Investor Information Document (KIID), the articles of incorporation and the most recent annual or semi-annual report (for Italy also the "Modulo di Sottoscrizione") and after seeking the advice of an independent finance, legal, accounting and tax specialist. For more details regarding the potential risks of this Fund, please refer to the current full prospectus. Interested parties may obtain the abovementioned documents and the list of benchmarks free of charge from the representative in Switzerland: Vontobel Fonds Services AG, Gotthardstrasse 43, 8022 Zurich, the paying agent in Switzerland: Bank Vontobel AG, Gotthardstrasse 43, 8022 Zurich, the paying agent in Austria Bank Vontobel Österreich AG, Rathausplatz 4, 5020 Salzburg, the paying agent in Germany: B. Metzler seel. Sohn & Co. KGaA, Grosse Gallusstrasse 18, 60311 Frankfurt/Main, from the authorized distribution agencies and from the offices of the fund at 69, route d’Esch, L-1470 Luxembourg. They may also download these documents from our website at funds.vontobel.com. Past performance is not a reliable indicator of current or future performance. Performance data take no account of the commissions and costs charged when units are issued and redeemed. The return of the Fund may go down as well as up due to changes in rates of exchange between currencies.