Global Resources(GR)

Global Resources is a fund-of-funds that invests into managers trading commodity (CTAs) on global exchanges.

NEF actively monitors the investment portfolio, both managed accounts and funds, and risk management disciplines of the funds.

Investment managers are chosen based on a meaningful track record. They also have a personal investment in their own fund. NEF employs a rigorous screening and evaluation process to identify leading commodity traders.

Price development:

	2010	2009	2008
Jan	-5,22%	-0,79%	-
Feb	-1,83%	-1,17%	-
Mar	1,69%	-0,32%	0,00%
Apr	0,35%	-1,70%	1,77%
May	-8,18%	4,09%	1,26%
Jun	-	-3,01%	5,61%
Jul	-	0,49%	-5,28%
Aug	-	0,90%	-3,29%
Sep	-	-1,49%	-6,10%
Oct	-	-0,47%	-0,60%
Nov	-	2,88%	0,14%
Dec	-	-0,49%	2,21%
Total	-12,81%	-1,29%	-4,74%

Net Asset Value:

	2010	2009	2008
Jan	-	944,91	-
Feb	-	933,90	-
Mar	-	930,90	1 000,00
Apr	-	915,10	1 017,73
May	-	952,49	1 030,52
Jun	-	923,78	1 088,36
Jul	-	928,33	1 030,84
Aug	-	936,72	996,88
Sep	-	922,77	936,09
Oct	-	918,39	930,50
Nov	-	944,87	931,85
Dec	-	940,21	952,47