PRESS RELEASES

Notice of the Annual General Meeting of Shareholders

April 29, 2016

 

Notice is hereby given that the Annual General Meeting of Shareholders (“AGM”) of Himalayan Fund N.V. (the “Fund”) will be held on Thursday 16 June 2016 at 12h30 at Herengracht 124-128, 1015 BT Amsterdam.

 

The annual report 2015 is now available. Copies of the annual report 2015 and the agenda of the AGM are published on the website of the Fund: www.himalayanfund.nl  and may be obtained free of charge at the registered office of the Fund:

 

Himalayan Fund N.V.

Legmeerdijk 182

1187 NJ Amstelveen

The Netherlands

T/F 020-6411161

karin@himalayanfund.nl

 

The Board of Directors

April 29, 2016

 

(i)                  Shareholders (and other persons/entities entitled to attend the AGM) registered in the administration of the intermediaries as defined in the Securities Giro Act (Wet giraal effectenverkeer) (“Intermediaries” or “Intermediary”) on Thursday 19 May 2016 (the “Registration Date”) who have notified their intention to attend the AGM will have access to the meeting;

(ii)                A shareholder shall only be entitled to attend and vote at the AGM whether in person or by proxy if such shareholder has deposited documentary proof of his shareholding obtained from their Intermediary, at the Registration Date at the registered office of the Fund (see above) at the latest at Friday 10 June 2016 before 16h00 in respect of which the shareholder shall be issued a receipt. A receipt must be presented to gain entry to the meeting;

(iii)              Any shareholder shall be entitled to attend and vote in person or by proxy at the above meeting;

(iv)               A shareholder may appoint one or more proxies to attend and, on a poll, vote instead of that shareholder. A proxy need not be a shareholder of the Fund;

(v)                All instruments of proxy must be deposited at the registered office of the Fund at the latest at Friday 10 June 2016 before 16h00. The lodging of a form of proxy does not prevent a shareholder from attending and voting if he wishes;

(vi)               Persons who wish to attend the AGM may be requested to furnish proof of their identity by means of a valid identity document.

 

Semi-Annual report 2015

August 31, 2015

 

The semi-annual report of Himalayan Fund N.V. (the “Fund”) for the period ending 30 June 2015 is now available. Copies may be obtained, free of charge, from the offices of the Fund. The report is published on the website of the Fund: www.himalayanfund.nl

 

Amstelveen, 31 August 2015

 

Himalayan Fund N.V.

Legmeerdijk 182          

1187 NJ Amstelveen

020-6411161

karin@himalayanfund.nl

 

Notice of the Annual General Meeting of Shareholders

May 04, 2015

 

 

 

 

Notice is hereby given that the Annual General Meeting of Shareholders (“AGM”) of Himalayan Fund N.V. (the “Fund”) will be held on Thursday 18 June 2015 at 12h30 at Herengracht 124-128, 1015 BT Amsterdam.

 

The annual report 2014 will be available no later than 11 May 2015. Copies of the annual report 2014 and the agenda of the AGM are published on the website of the Fund: www.himalayanfund.nl  and may be obtained free of charge at the registered office of the Fund:

 

Himalayan Fund N.V.

Legmeerdijk 182

1187 NJ Amstelveen

The Netherlands

T/F 020-6411161

karin@himalayanfund.nl

 

The Board of Directors

May 4, 2015

 

(i)                   Shareholders (and other persons/entities entitled to attend the AGM) registered in the administration of the intermediaries as defined in the Securities Giro Act (Wet giraal effectenverkeer) (“Intermediaries” or “Intermediary”) on Thursday 21 May 2015 (the “Registration Date”) who have notified their intention to attend the AGM will have access to the meeting;

(ii)                 A shareholder shall only be entitled to attend and vote at the AGM whether in person or by proxy if such shareholder has deposited documentary proof of his shareholding obtained from their Intermediary, at the Registration Date at the registered office of the Fund (see above) at the latest at Friday 12 June 2015 before 16h00 in respect of which the shareholder shall be issued a receipt. A receipt must be presented to gain entry to the meeting;

(iii)                Any shareholder shall be entitled to attend and vote in person or by proxy at the above meeting;

(iv)               A shareholder may appoint one or more proxies to attend and, on a poll, vote instead of that shareholder. A proxy need not be a shareholder of the Fund;

(v)                 All instruments of proxy must be deposited at the registered office of the Fund at the latest at Friday 12 June 2015 before 16h00. The lodging of a form of proxy does not prevent a shareholder from attending and voting if he wishes;

(vi)               Persons who wish to attend the AGM may be requested to furnish proof of their identity by means of a valid identity document.

 

One year return well above benchmark. Himalayan Fund: +39.7% in 12 months

November 08, 2014

 

AMSTERDAM – Friday November 7st, 2014 – Himalayan Fund N.V.’s NAV gained 39.7% over the last twelve months.  From the 1st of November 2013 until the same date this year the fund outperformed the S&P CNX Nifty index by 7.6% after fees and charges. Very strong performance of the equity portfolio in combination with positive sentiment in the Indian stock markets drove this performance. Himalayan Fund N.V.-established in 1990- is listed on both Euronext Amsterdam and the London Stock Exchange.

 

The outlook for the Indian economy is very positive. Since the Indian New Year festivities around Diwali (late October) ended the CNX Nifty Index has held above the key 8,000 point levels, regularly reaching new record levels. Rapidly moderating inflation is laying a path towards monetary easing which is expected early next year. Soft commodity prices, especially the weak oil price, are benefitting the trade deficit. The oil price has allowed the Modi government to end India’s fuel-price subsidy regime, to the benefit of the fiscal balance. A steady stream of economic and regulatory reforms has been boosted by the government’s recent gains in state elections. All of this provides an optimistic background for recovery of GDP growth towards the 7% level.

Ian McEvatt, Chairman of Himalayan Fund N.V.: “We expect market momentum to be sustained through year-end and a strong 2015, driven by the inevitable monetary easing with interest rates being cut from the 8% level, starting early next year. It is not hard to see the Nifty reaching 10,000 over 12 to 18 months.  

 

India, not just an emerging market

Investment strategists have been warning investors off emerging or developing markets this year on the grounds that the end of quantitative easing in the US would precipitate outflows of hot money. India has distinguished itself from other emerging markets by strong investor sentiment and sustained inflows all year. Investors who ignored India or withdrew funds have missed terrific returns. With market valuations in India still at around the mid-point of their historical averages, there are still returns for the making. Ian McEvatt: “Even with the rest of the world generating sluggish growth at best, investors should bear in mind that the Indian economy is 60-70% domestic demand driven. India’s stock exchanges are well regulated and fairly liquid and much different to ‘emerging markets’.”

 

For more information go to: http://himalayanfund.blogspot.nl/

 

 

 

Resultaat afgelopen jaar stevig boven de benchmark. Himalayan Fund: +39.7% in 12 maanden

November 07, 2014

 

 

AMSTERDAM – vrijdag 7 november 2014 – Himalayan Fund N.V. noteerde een groei van 39.7%, gemeten over de afgelopen twaalf maanden.  Vanaf 1 november 2013 tot dezelfde datum dit jaar presteerde het fonds, na aftrek van kosten, ook 7.6%  beter  dan de S&P CNX Nifty index. Een sterke groei van de bedrijven waarin Himalayan Fund N. V. belegt én een algemeen positief sentiment voor de beurs van India zijn de reden voor deze waardevermeerdering. Himalayan Fund N.V. – opgericht in 1990 –  heeft een notering aan zowel  Euronext Amsterdam als de London Stock Exchange.

 

Het is realistisch om te verwachten dat de economie van India zal blijven groeien. Na de Diwali feestdagen (eind oktober) is de CNX Nifty Index boven de 8.000 punten gebleven en sloot regelmatig op nieuwe record niveaus. Snelle matiging van de inflatie in India maakt de weg vrij voor een ruimer monetair beleid. De verwachting is dat de Indiase overheid begin volgend jaar met monetaire verruiming zal starten. Het handelstekort van India profiteert van de huidige prijzen van soft commodities en in het bijzonder van de lage olieprijs. De lage olieprijs biedt de nieuwe regering van minister-president Modi ook de mogelijkheid om de subsidies op brandstoffen af te bouwen. Daarmee wordt de basis gelegd voor een meer gebalanceerd fiscaal regime.

De gestage stroom van hervormingen op het gebied van economie en regelgeving heeft nog een extra impuls gekregen door de winst van de huidige regering in recente regionale verkiezingen. Al deze ontwikkelingen zorgen voor een goede voedingsbodem voor  herstel van de groei van het BNP. De verwachting is dat deze richting 7% zal gaan.

Ian McEvatt, Chairman van Himalayan Fund N.V.: “We zijn positief over het momentum in de markt gedurende de rest van dit kalenderjaar en zijn ook zeer positief over 2015. Een soepeler monetair beleid is onvermijdelijk en wij verwachten dat vanaf begin volgend jaar de rente - nu op 8% - in fases zal worden verlaagd. Het is niet uit te sluiten dat de Nifty de 10.000 punten gaat aantikken binnen 12 tot 18 maanden.”

 


 

India, geen gewone ‘emerging market’

 

Veel analisten hebben beleggers dit jaar gewaarschuwd voor ‘emerging markets’. Hun argument was dat het beëindigen van de ‘quantitative easing’ in de Verenigde Staten liquiditeiten zou onttrekken aan minder ontwikkelde landen. India heeft zich echter onderscheiden van die andere markten, want was populair bij beleggers en zag gedurende het hele jaar een sterke ‘inflow’ van fondsen.

Beleggers die India hebben genegeerd of investeringen in dat land hebben afgestoten lieten dit jaar een geweldige kans liggen. De koers/winst-verhoudingen in India liggen – voor de meeste aandelen –nog steeds lager dan het historische gemiddelde en dus is er voldoende ruimte voor verdere groei.

 Ian McEvatt: “Zelfs als de rest van de wereld economisch matig groeit, moeten beleggers zich beseffen dat 60 tot 70% van de economie in India wordt gedragen door autonome, binnenlandse vraag. De effectenbeurs van Mumbai is goed gereguleerd, behoorlijk liquide en daarmee echt anders dan alle andere ‘emerging markets’.

 

 

Meer informatie: http://himalayanfund.blogspot.nl/

 

 

 

Return well above S&P CNX Nifty benchmark. Strong first half for Himalayan Fund N.V.

September 01, 2014

 

The Net Asset Value per share of Himalayan Fund was US$44.97 on June 30th 2014, that is 26.2% higher than the closing NAV of $35.64 on December 31st, 2013. Over the same period, the Fund’s performance benchmark the S&P CNX Nifty index in US$ terms, advanced by 24.4%%. Himalayan Fund outperformed its benchmark by 1.8%.

This year opened with almost all market strategists forecasting that 2014 would be the year of the dollar and that emerging markets across the board would be laggards as investors withdrew funds in aversion to risk. Yet dollar weakness continued and some emerging markets have turned out to be the best performing, supported by sustained foreign portfolio flows. Investment in emerging markets demands long-term commitment and in the first half of 2014, the Indian economy rewarded investors who stayed the course.

The Market, international perspective

The first half of 2014 was good for equity investors as the MSCI World Index returned 4.9%, almost identical to the return achieved in the comparable period in 2013. Developed markets were solidly in the black. In emerging markets, the MSCI Emerging Markets Index returned 4.8%, with Brazil and South East Asian markets particularly strong. China, by contrast was a loser. Against this background, India was a star turn amongst all markets in the first half-year. In spite of broadly negative forecasts at the outset, foreign portfolio investment was sustained in the expectation of a change of government at national elections in May.

Ian McEvatt, Chairman of Himalayan Fund N.V.: “In the stock markets, daily trading increased steadily, so that by the end of the period, daily trading volume was $3.5bn, well above the trailing twelve month average of $2.6bn. In terms of investment strategy, we continue to reduce our exposure to the energy sector and limit our financial sector holdings to private sector stocks only. Our overweight positions in the consumer and healthcare sectors are making a significant contribution to performance.  We continue to avoid the sector ‘Metals & Mining’ and limit our exposure to ‘Power Generation’ due to the regulatory uncertainty.”

For market participants, there are two optimistic signals emerging: even difficult decisions by the government are being welcomed and a return of retail interest in equities is becoming evident. McEvatt continues: “We have adjusted our portfolio to align with the growth prospects and hope to be able to maintain recent outperformance over the medium term. We believe that under the Modi government, Indian markets can look forward to continued upward momentum driven by a recovery in consumer confidence which already emerging, as well as a recovery in private sector investment.”

 

Rendement hoger dan S&P CNX Nifty benchmark. Sterk eerste half jaar voor Himalayan Fund N.V.

September 01, 2014

 

 

De Net Asset Value per aandeel van Himalayan Fund was op 30 juni 2014 US$44.97 en dat is 26.2% hoger dan bij de sluiting op 31 december 2013. Toen was de NAV $35.64. Over vergelijkbare periode steeg de benchmark van het fonds, de S&P CNX Nifty index met 24.4%%. Himalayan Fund deed het dus 1,8% beter dan een al heel positieve benchmark.

Dit jaar startte met voorspellingen van de meeste analisten dat 2014 het jaar zou worden van de dollar en dat ‘emerging markets’ zouden achterblijven omdat beleggers zouden dis-investeren om hun risico’s te beperken. Echter de dollar bleef zwak en sommige emerging markets zijn de best presterende markten met navenante instroom van kapitaal. Investeren in emerging markets vereist een visie voor de lange termijn en gedurende de eerste zes maanden van 2014 heeft de economie van India de vasthoudende belegger beloond.

De markt, international perspectief

Het eerste half jaar van 2014 was goed voor beleggers in aandelen. De MSCI World Index bood een rendement van 4,9%. Vrijwel hetzelfde rendement als over dezelfde periode van 2013. De majeure markten schreven allemaal zwarte cijfers. De MSCI Emerging Markets Index steeg met 4.8%, met bijzonder sterke cijfers in Brazilië en Zuid-Korea. Daartegenover stond dat China terrein verloor. Tegen deze achtergrond was India een ster, met een beduidend sterkere groei dan het gemiddelde. In schril contrast met breed gedragen voorspellingen, bleven buitenlandse partijen investeren in de economie én steeg de beurs van India met zicht op een nieuwe regering na de verkiezingen in mei.

Ian McEvatt, Chairman van Himalayan Fund N.V.: “Op de beurs van Mumbai bleef ook het dagelijkse handelsvolume stijgen. Tegen het einde van het eerste half jaar was het dagelijkse volume $3,5 miljard tegen een jaargemiddelde van $2,6 miljard per dag. Qua beleggingsstrategie zijn wij belangen in de energie sector aan het afbouwen en beperken we onze beleggingen in de financiële sector tot aandelen van banken en verzekeraars die de staat niet als aandeelhouder hebben. Himalayan Fund NV is sterk overwogen in ‘consumer’ en ‘healthcare’ en deze sectoren genereren dan ook een significante bijdrage aan het rendement van het fonds. We blijven de sector ‘Metals & Mining’ mijden en beperken onze investeringen in ‘Power Generation’ vanwege de onzekerheid die wordt gecreëerd door markt regulatie.”

Voor beleggers in India worden twee optimistische signalen steeds sterker. Zelfs als de regering moeilijke beslissingen neemt, worden deze geaccepteerd. Daarnaast beleggen, opnieuw, steeds meer particulieren in aandelen. McEvatt vervolgd: “We hebben onze portfolio aangepast om deze optimaal te laten profiteren van het groei perspectief dat er is en hopen dat we de huidige outperformance kunnen handhaven op de middenlange termijn. We denken dat met de regering Modi de economie van India een opwaarts momentum heeft dat wordt gesteund door een groeiend consumenten vertrouwen en een groei in investeringen door het bedrijfsleven.”

 

Voor het complete half jaarverslag: www.himalayanfund.nl

 

Semi-annual report 2014

August 29, 2014

 

 

The semi-annual report of Himalayan Fund N.V. (the “Fund”) for the period ending 30 June 2014 is now available. Copies may be obtained, free of charge, from the offices of the Fund. The report is published on the website of the Fund: www.himalayanfund.nl

 

Amstelveen, 29 August 2014

 

Himalayan Fund N.V.

Legmeerdijk 182          

1187 NJ Amstelveen

020-6411161

karin@himalayanfund.nl

 

 

Himalayan Fund announces strategic partnership to fuel growth

June 05, 2014

 

Press release

 

Fund will change board structure to benefit from new partnership with Altitude

Himalayan Fund announces strategic partnership to fuel growth

 

AMSTERDAM, Thursday, June 5th, 2014 – Himalayan Fund (HYF), the London and Amsterdam-listed open-end country fund investing in Indian equities since 1990, today announces a co-operation with The Altitude Equity Partnership, a private merchant banking and equity house, based in London. This co-operation is expected to lead to a significant growth in the assets of the fund. 

 

Altitude will work with Himalayan Fund NV to develop a strategy for rebuilding the assets and participating in the revival of foreign investment interest in India. This is motivated by the focus of the new Indian government on accelerating GDP growth after two years of slowing down.

For optimal benefit of the co-operation Himalayan Fund NV will adopt a dual-board structure and will nominate board members to a Supervisory Board subject to regulatory approval. The current board will become the Board of Management and will continue to convene the Investment Committee to oversee the investment of the Fund’s portfolio.


Altitude, along with the members of the Himalayan Fund boards, will be committed to assisting Himalayan Fund to build the asset base towards levels seen before in the Fund’s long history. The board will direct investment policy towards maximizing returns from focusing intensely on sectors likely to benefit from the efforts of the new Indian government to accelerate growth.

Recapitalisation of the Fund, assisted by the input from Altitude, will be used to generate further investment opportunities in the fields of healthcare, technology and infrastructure. The fund will continue to benefit from the involvement of Indasia Fund Advisors in Mumbai and from its long-standing historic connections in India.


This strategy will not involve any increase in risk or cost to investors. All of those concerned are intent on using this opportunity to attract new investment in the Fund and to use the additional funding to utilize the full scope of the Fund’s investment policies to the maximum to the long-term benefit of shareholders.


The board of Himalayan Fund looks forward to announcing the new nominees to the dual board structure when regulatory approvals have been received. Management control of the Fund will continue to be exercised in Amsterdam and liquidity in the funds Ordinary Shares will continue to be provided through the listings in both Amsterdam and London.


About Himalayan Fund

Himalayan Fund N.V. is an investment fund with variable capital incorporated under Dutch Law. The primary objective of the Company is to generate long-term capital gains for shareholders from investing in India. Access to Indian markets by foreigners is restricted, but thanks to its registration with the Securities and Exchange Board of India as a ‘Foreign Institutional Investor’ Himalayan Fund is able to hold all of its own investments directly and offer shareholders the benefits of the double tax treaty between the Netherlands and India.

The Company’s Ordinary Shares are traded through Euronext Amsterdam’s TCS system once a week at a Transaction Price based on Net Asset Value. The Company’s Ordinary Shares are also traded on the London Stock Exchange. The Net Asset Value is published every Friday.

 

About Altitude

 The Altitude Equity Partnership, ‘Altitude’, is a private merchant banking and equity house, based in London. The company operates in three streams of business: ‘Funds and Investment Companies’, ‘Corporate Finance and Capital Partnerships’ and ‘Private Office’.

Altitude’s New Business and Investment Committees are tasked to establish synergistic partnerships that achieve sustainable capital growth in sectors and geographies where they can add value, create opportunities and execute strategic development. 

Altitude is entirely owned by its partners; does not engage with stakeholders whose activities are unconscionable, extractive or exploitative. Where possible, the team of Altitude includes in their due diligence a focus on the delivery of social capital and economic development. Altitude operates across a wide range of sectors: healthcare, agriculture, energy, infrastructure plus enterprises and funds that are active in Developing Economies.  



- End - 


 

 

Notice of the Annual General Meeting of Shareholders

April 24, 2014

 

Notice is hereby given that the Annual General Meeting of Shareholders (“AGM”) of Himalayan Fund N.V. (the “Fund”) will be held on Thursday 5 June 2014 at 12h30 at Herengracht 124-128, 1015 BT Amsterdam.

 

The annual report 2013 is now available. Copies of the annual report 2013 and the agenda of the AGM are published on the website of the Fund: www.himalayanfund.nl  and may be obtained free of charge at the registered office of the Fund:

 

Himalayan Fund N.V.

Legmeerdijk 182

1187 NJ Amstelveen

The Netherlands

T/F 020-6411161

karin@himalayanfund.nl

 

The Board of Directors

April 24, 2014

 

(i)                   Shareholders (and other persons/entities entitled to attend the AGM) registered in the administration of the intermediaries as defined in the Securities Giro Act (Wet giraal effectenverkeer) (“Intermediaries” or “Intermediary”) on Thursday 8 May 2014 (the “Registration Date”) who have notified their attention to attend the AGM will have access to the meeting;

(ii)                 A shareholder shall only be entitled to attend and vote at the AGM whether in person or by proxy if such shareholder has deposited documentary proof of his shareholding obtained from their Intermediary, at the Registration Date at the registered office of the Fund (see above) at the latest at Monday 2 June 2014 before 16h00 in respect of which the shareholder shall be issued a receipt. A receipt must be presented to gain entry to the meeting;

(iii)                Any shareholder shall be entitled to attend and vote in person or by proxy at the above meeting;

(iv)               A shareholder may appoint one or more proxies to attend and, on a poll, vote instead of that shareholder. A proxy need not be a shareholder of the Fund;

(v)                 All instruments of proxy must be deposited at the registered office of the Fund at the latest at Monday 2 June 2014 before 16h00. The lodging of a form of proxy does not prevent a shareholder from attending and voting if he wishes;

(vi)               Persons who wish to attend the AGM may be requested to furnish proof of their identity by means of a valid identity document.

 

 

Semi-Annual report 2013 and change of the Prospectus

August 30, 2013

 

The semi-annual report of Himalayan Fund N.V. (the “Fund”) for the period ending 30 June 2013 is now available. Copies may be obtained, free of charge, from the offices of the Fund. The report is published on the website of the Fund: www.himalayanfund.nl

Furthermore the prospectus of the Fund has been updated. A supplementary sheet indicating all changes of the prospectus including an explanation is also available on the website of the Fund.

 

Amstelveen, 30 August 2013

 

Himalayan Fund N.V.

Legmeerdijk 182          

1187 NJ Amstelveen

020-6411161

karin@himalayanfund.nl

 

 

 

Notice of the Annual General Meeting of Shareholders

April 29, 2013

 

HIMALAYAN FUND N.V.

NOTICE OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS

 

Notice is hereby given that the Annual General Meeting of Shareholders (“AGM”) of Himalayan Fund N.V. (the “Fund”) will be held on Tuesday 25 June 2013 at 12h30 at Herengracht 124-128, 1015 BT Amsterdam.

 

The annual report 2012 is now available. Copies of the annual report 2012 and the agenda of the AGM are published on the website of the Fund: http://www.himalayanfund.nl  and may be obtained free of charge at the registered office of the Fund:

 

Himalayan Fund N.V.

Legmeerdijk 182

1187 NJ Amstelveen

The Netherlands

T/F 020-6411161

karin@himalayanfund.nl

 

The Board of Directors

April 29, 2013

 

(i)                   Shareholders (and other persons/entities entitled to attend the AGM) registered in the administration of the intermediaries as defined in the Securities Giro Act (Wet giraal effectenverkeer) (“Intermediaries” or “Intermediary”) on Tuesday 28 May 2013 (the “Registration Date”) who have notified their attention to attend the AGM will have access to the meeting;

(ii)                 A shareholder shall only be entitled to attend and vote at the AGM whether in person or by proxy if such shareholder has deposited documentary proof of his shareholding obtained from their Intermediary, at the Registration Date at the registered office of the Fund (see above) at the latest at Thursday 20 June 2013 before 16h00  in respect of which the shareholder shall be issued a receipt. A receipt must be presented to gain entry to the meeting;

(iii)                Any shareholder shall be entitled to attend and vote in person or by proxy at the above meeting;

(iv)               A shareholder may appoint one or more proxies to attend and, on a poll, vote instead of that shareholder. A proxy need not be a shareholder of the Fund;

(v)                 All instruments of proxy must be deposited at the registered office of  the Fund at the latest at Thursday 20 June 2013 before 16h00. The lodging of a form of proxy does not prevent a shareholder from attending and voting if he wishes;

(vi)               Persons who wish to attend the AGM may be requested to furnish proof of their identity by means of a valid identity document.

 

Change of the Prospectus

October 25, 2012

 

The Board of Directors of Himalayan Fund N.V. announces that the prospectus of Himalayan Fund N.V. (the “Fund”) has been changed i.e. to represent the legal change of the waiting period from 3 months to one month in case of a change in the investment policy, any change in the terms and conditions which causes a reduction in shareholders’ rights or security or increases costs. The changes will be effective as from 1 October 2012. A supplementary sheet indicating all changes of the prospectus is available on the website of the Fund: www. himalayanfund.nl

 

 

Amstelveen, 25 October 2012

Himalayan Fund N.V.

Legmeerdijk 182

1187 NJ Amstelveen

 

Himalayan Fund N.V. ends contract with investment advisor

September 28, 2012

 

 

AMSTERDAM, Friday, September 28, 2012 – Himalayan Fund N.V., the Dutch investment Fund listed on NYSE Euronext Amsterdam and The London Stock Exchange, today announces that its contract with Iceman Capital Advisors Ltd has been terminated by mutual agreement, effective September 30th, 2012.

 

Iceman Capital Advisors Ltd, the Jersey based investment advisor, has been the Investment Advisor to the Fund since June 2006.  Indasia Fund Advisors Pte. Ltd. of Mumbai, which has been providing Indian market intelligence and company research to Iceman Capital Advisors Ltd. will be engaged directly by the Fund to provide continuing support to the Investment Committee. The Fund’s board and management process will remain as before, providing stability and continuity. The directors will continue to use their long experience with the Fund to further the best interests of shareholders.

 

This change is the result of efforts by the directors to find ways to reduce the expense base of the Fund. The Board continues to look for ways to reduce its operating expenses as well as to find additional distribution partners to grow the Fund’s assets under management.

 

 

About Himalayan Fund N.V.

Himalayan Fund N.V. is an investment fund with variable capital incorporated under Dutch Law. The primary objective of the Fund is to generate long-term capital gains for shareholders from investing in India. Access to Indian markets by foreigners is restricted, but thanks to its registration with the Securities and Exchange Board of India as a ‘Foreign Institutional Investor’ Himalayan Fund N.V. is able to hold all of its own investments directly and offer shareholders the benefits of the double tax treaty between the Netherlands and India.

 

The Fund ’s Ordinary Shares are traded through Euronext Amsterdam’s TCS system once a week at a Transaction Price based on Net Asset Value. Its Ordinary Shares are also traded on the London Stock Exchange. The Net Asset Value is published every Friday on www.himalayanfund.nl

 

Himalayan Fund beëindigt contract met beleggingsadviseur

September 28, 2012

 

Amsterdam, vrijdag 28 september – Himalayan Fund, het Nederlandse beleggingsfonds met noteringen aan NYSE Euronext Amsterdam en de London Stock Exchange, maakt vandaag bekend dat de overeenkomst met Iceman Capital Advisors Ltd met wederzijds goedvinden wordt beëindigd op 30 september 2012.

Iceman Capital Advisors Ltd, de beleggingsadviseur uit Jersey, is sinds juni 2006 de beleggingsadviseur van het Fonds.

Het Fonds heeft overeenstemming bereikt met Indasia Fund Advisors Pte. Ltd uit Mumbai, die voorheen marktinformatie en bedrijfsresearch aan Iceman Capital Advisors Ltd verstrekte, om haar rechtstreeks marktinformatie en bedrijfsresearch te verstrekken ter voortgezette ondersteuning aan de Beleggingscommissie.  Het bestuur-en management proces zal niet veranderen waardoor de stabiliteit en continuïteit in stand blijft. Het bestuur zal haar ruime ervaring blijven aanwenden om de belangen van de aandeelhouders te dienen. 

Deze verandering is het gevolg van de inspanningen van het bestuur van het Fonds om de kosten van het Fonds terug te dringen. Het bestuur blijft op zoek naar mogelijkheden om de operationele kosten van het Fonds te verlagen en ook blijft zij op zoek naar nieuwe distributiepartners om het beheerd vermogen van het fonds te laten groeien.

 

Over Himalayan Fund

Himalayan Fund N.V. is een beleggingsmaatschappij met veranderlijk kapitaal. Het doel van Himalayan Fund N.V.  is om op lange termijn vermogensgroei te genereren voor aandeelhouders door te beleggen in India. Toegang tot de Indiase markt is voor buitenlanders beperkt, maar dankzij de registratie als ‘Buitenlandse Institutionele Belegger’ bij de ‘Securities and Exchange Board of India’ kan Himalayan Fund N.V. wel rechtstreeks investeren en profiteren aandeelhouders van het dubbele belastingverdrag tussen Nederland en India.

De gewone aandelen van Himalayan Fund N.V. worden eens per week verhandeld via het TCS systeem van Euronext Amsterdam tegen een transactieprijs die is gebaseerd op de netto vermogenswaarde. De gewone aandelen worden ook verhandeld op de London Stock Exchange. De netto vermogenswaarde wordt iedere vrijdag gepubliceerd.

 

 

 

 

 

 

Notice of the Annual General Meeting of Shareholders 2012

April 12, 2012

 

HIMALAYAN FUND N.V.

NOTICE OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS

 

Notice is hereby given that the Annual General Meeting of Shareholders of Himalayan Fund N.V. (the “Fund”) will be held on Thursday 7 June 2012 at 12h30 at Herengracht 124-128, 1015 BT Amsterdam.

 

The annual report of Himalayan Fund N.V. 2011 is now available. Copies of the annual report 2011 and the agenda are published on the website of the Fund: http://www.himalayanfund.nl  and may be obtained free of charge at the registered office of the Fund:

 

Himalayan Fund N.V.

Legmeerdijk 182

1187 NJ Amstelveen

The Netherlands

T/F 020-6411161

himalayan@inviqta.nl

 

The Board of Directors,

April 12, 2012

 

(i) Shareholders (and other persons/entities entitled to attend the Annual General Meeting) registered in the administration of the intermediaries as defined in the Securities Giro Act (Wet giraal effectenverkeer) (“Intermediaries” or “Intermediary”) on Thursday10 May 2012 (the “Registration Date”) who have notified their attention to attend the Annual General Meeting will have access to the meeting;

(ii) A shareholder shall only be entitled to attend and vote at the Annual General Meeting whether in person or by proxy if such shareholder has deposited documentary proof of his shareholding obtained from their Intermediary, at the Registration Date at the registered office of the Fund (see above) at the latest at Monday 4 June 2012 before 4 p.m. in respect of which the shareholder shall be issued a receipt. A receipt must be presented to gain entry to the meeting;

(iii) Any shareholder shall be entitled to attend and vote in person or by proxy at the above meeting;

(iv) A shareholder may appoint one or more proxies to attend and, on a poll, vote instead of that shareholder. A proxy need not be a shareholder of the Fund;

(v) All instruments of proxy must be deposited at the registered office of  the Fund at the latest at Monday 4 June 2012 before 4.00 p.m. The lodging of a form of proxy does not prevent a shareholder from attending and voting if he wishes;

(vi)Persons who wish to attend the Annual General Meeting may be requested to furnish proof of their identity by means of a valid identity document.

 

 

Semi-annual report 2011

August 30, 2011

 

The semi-annual report of Himalayan Fund N.V. for the period ending 30 June 2011 is now available. Copies may be obtained, free of charge, from the offices of the Fund. The report is also published on the website of the Fund at: www.himalayanfund.nl.

 

 

Amstelveen, 30 August 2011

 

Himalayan Fund N.V.

Legmeerdijk 182       

1187 NJ Amstelveen

020-6411161

himalayan@inviqta.nl

 

 

Himalayan Fund N.V. announces new distribution partnership with Banque Morval

June 20, 2011

 

AMSTERDAM, Monday, June 20th, 2011 – Himalayan Fund N.V., the London and Amsterdam-listed open-end country fund investing in Indian equities since 1990, today announces a new distribution partnership for the fund with Swiss-based Banque Morval.

 

Banque Morval will use Himalayan Fund N.V. to channel investments by its clients in Indian equities; Indian rules governing access by foreign investors require such investors to use funds and managers registered with Indian authorities for the purpose.

 

Himalayan Fund N.V. is one of the oldest funds in the world by means of which foreign investors can access the Indian markets. The Fund has been active in India since 1990 and its management has a longstanding background in working with the Fund and in identifying investment opportunities in the Indian sub-continent.

 

Ian McEvatt, chairman of Himalayan Fund N.V.: “We are proud that Banque Morval has selected Himalayan Fund N.V. as the investment channel of choice for clients with an interest in India. Banque Morval has already identified a significant volume of funds earmarked for investment in India and we anticipate that the momentum provided by these inflows will facilitate our broader distribution efforts.”

 

“The Himalayan Fund N.V. investment advisor Iceman’s in-depth and long standing expertise in the Indian equity market, his good long term performance record, his passion for the subject and articulate way of explaining it to his investors is what attracted us to Himalayan Fund N.V.. We regard Indian equities as one of the most exciting long term investment stories around.” said Raymond Heche, a member of Banque Morval’s executive committee and head of its institutional department.  

 

About Himalayan Fund N.V.

Himalayan Fund N.V. is an investment fund with variable capital incorporated under Dutch Law. The primary objective of the Company is to generate long-term capital gains for shareholders from investing in India. Access to Indian markets by foreigners is restricted, but thanks to its registration with the Securities and Exchange Board of India as a ‘Foreign Institutional Investor’ Himalayan Fund N.V. is able to hold all of its own investments directly and offer shareholders the benefits of the double tax treaty between the Netherlands and India.

 

The Himalayan Fund N.V.’s Ordinary Shares are traded through Euronext Amsterdam’s TCS system once a week at a Transaction Price based on Net Asset Value. Its Ordinary Shares are also traded on the London Stock Exchange. The Net Asset Value is published every Friday.

 

About Banque Morval

Banque Morval is a family-owned Swiss Private Bank, based in Geneva and Lugano. Banque Morval began its operation in 1974 as a Swiss fund management company. It became a bank during the 1980s to enable it to widen the range of services to its clients. The bank is at the core of a group with strong Swiss roots, dedicated to private banking and fund management. Banque Morval is regulated by FINMA (the Swiss Financial Market Supervisory Authority) and the group has offices in Switzerland, Italy, Uruguay, Cayman, Luxembourg and Monaco.

 

- End -

 

Note to the editor, not for publication

For more information you can contact:

Himalayan Fund N.V.

Ian McEvatt, Chairman

T.             +44 1534 702 872

M.           +44 7990 777 888

 

CitySavvy B.V.

Herengracht 124 – 128

1015 BT Amsterdam

Robbert ter Hart

T.             +31 20 794 47 37

E.             robbert@citysavvy.com

 

 

Himalayan Fund N.V. heeft distributiesamenwerking met Banque Morval

June 20, 2011

 

Amsterdam, maandag 20 juni 2011 – Himalayan Fund N.V., de in Londen en Amsterdam genoteerde open-end beleggingsmaatschappij die sinds 1990 in India belegt in effecten, maakt vandaag bekend dat het een distributieovereenkomst heeft gesloten met de Zwitserse  bank Banque Morval.

 

Banque Morval gaat Himalayan Fund N.V. aanwenden voor cliënten die in Indiase effecten willen beleggen. Indiase regels voor buitenlandse beleggers vereisen dat zij beleggen via fondsen en managers die speciaal daarvoor geregistreerd staan bij de Indiase autoriteiten.

Himalayan Fund is één van de oudste beleggingsinstellingen ter wereld waarmee beleggers rechtstreeks toegang hebben tot de Indiase markt. Himalayan Fund N.V. is sinds 1990 in India actief en het management heeft jarenlange ervaring bij de beleggingsmaatschappij zelf en in het identificeren van beleggingskansen in India en haar buurlanden.

Ian McEvatt, chairman van Himalayan Fund N.V. zegt: “Wij zijn trots dat Banque Morval ons heeft gekozen om beleggers die zijn geïnteresseerd in India te bedienen. Banque Morval heeft al een aanzienlijk bedrag klaar staan om in India te beleggen en we verwachten dat deze instroom in het fonds ons zal helpen de distributie verder te doen groeien.”

“Wij vonden Himalayan Fund N.V. aantrekkelijk vanwege de brede en langdurige ervaring van Iceman, de beleggingsadviseur van Himalayan Fund N.V. met de Indiase aandelenmarkten, zijn goede langetermijnprestaties, zijn passie voor het onderwerp en de eloquente manier waarmee hij het uitlegt aan beleggers. Volgens ons zijn Indiase aandelen op lange termijn een van de meest aantrekkelijke investeringsmogelijkheden,” zegt Raymond Heche, lid van de raad van bestuur van Banque Morval en verantwoordelijk voor institutionele beleggingen.

Over Himalayan Fund

Himalayan Fund N.V. is een beleggingsmaatschappij met veranderlijk kapitaal. Het doel van Himalayan Fund N.V.  is om op lange termijn vermogensgroei te boeken voor aandeelhouders door te beleggen in India. Toegang tot de Indiase markt is voor buitenlanders beperkt, maar dankzij de registratie als ‘Buitenlandse Institutionele Belegger’ bij de ‘Securities and Exchange Board of India’ kan Himalayan Fund N.V. wel rechtstreeks investeren, en profiteren aandeelhouders van het dubbele belastingverdrag tussen Nederland en India.

De gewone aandelen van Himalayan Fund N.V. worden eens per week verhandeld via het TCS systeem van Euronext Amsterdam tegen een transactieprijs die is gebaseerd op de netto vermogenswaarde. De gewone aandelen worden ook verhandeld op de London Stock Exchange. De netto vermogenswaarde wordt iedere vrijdag gepubliceerd.

 

Over Banque Morval

Banque Morval is een Zwitserse private bank in familiebezit, met hoofdkantoren in Genève en Lugano. Banque Morval begon in 1974 als een Zwitserse vermogensbeheerder. In de jaren ’80 verkreeg het bedrijf een bankvergunning om een breder dienstenpakket te kunnen aanbieden aan haar cliënten. De bank vormt de kern van een duidelijk Zwitsers georiënteerde groep bedrijven die zijn gespecialiseerd in private banking en vermogensbeheer. Banque Morval staat onder toezicht van FINMA (de Zwitserse toezichthouder op de financiële markten) en de groep heeft kantoren in Zwitserland, Italië, Uruguay, de Kaaiman Eilanden, Luxemburg en Monaco.

 

- Einde -

Noot voor de redactie, niet voor publicatie

Neem voor meer informatie contact op met

Himalayan Fund N.V.

Ian McEvatt, chairman

T.         +44 1534 702 872

M.       +44 7990 777 888

 

CitySavvy B.V.

Herengracht 124 – 128

1015 BT Amsterdam

Robbert ter Hart

T.         +31 20 794 47 32

E.         robbert@citysavvy.com

 

Notice of the Annual General Meeting of Shareholders 2011

April 26, 2011

 

Notice is hereby given that the Annual General Meeting of Shareholders of Himalayan Fund N.V (the “Fund”). will be held on Wednesday  8 June 2011 at 13h00 at the offices of Fastnet Netherlands N.V., De Ruyterkade 6-i, 1013 AA  Amsterdam.

 

The annual report of Himalayan Fund N.V. 2010 is now available.Copies of the annual report 2010 and the agenda are published on the website of the Fund: http://www.himalayanfund.nl  and may be obtained free of charge at the registered office of the Fund:

 

Himalayan Fund N.V.

Legmeerdijk 182

1187 NJ Amstelveen

The Netherlands

T/F 020-6411161

himalayan@inviqta.nl

 

The Board of Directors

May 26, 2011

 

(i) Shareholders (and other persons/entities entitled to attend the Annual General Meeting) who are in de possession of shares of  the Fund on Wednesday 11 May 2011(the “Registration Date”) and have notified their attention to attend the Annual General Meeting will have access to the meeting;

(ii)A shareholder shall only be entitled to attend and vote at the Annual General Meeting whether in person or by proxy if such shareholder has deposited documentary proof of his shareholding at the Registration Date at the registered office of the Fund (see above) at the latest at Friday 3 June 2011 before 4 p.m. in respect of which the shareholder shall be issued a receipt. A receipt must be presented to gain entry to the meeting;

(iii) Any shareholder shall be entitled to attend and vote in person or by proxy at the above meeting;

(iv)A shareholder may appoint one or more proxies to attend and, on a poll, vote instead of that shareholder. A proxy need not be a shareholder of the Fund;

(v)All instruments of proxy must be deposited at the registered office of  the Fund at the latest at Friday 3 June 2011 before 4.00 p.m. The lodging of a form of proxy does not prevent a shareholder from attending and voting if he wishes;

(vi)Persons who wish to attend the Annual General Meeting may be requested to furnish proof of their identity by means of a valid identity document.