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Editorial

Saturday March 15, 3:10 PM

Exposure to the gold, silver, platinum boom

By dollarDEX.com

Sign up for the seminar: Gold, silver, platinum? The case for precious metals, Thursday, 27 Mar 2008, 1830-2000.

The DWS Noor Precious Metals Securities Fund [1] selects and invests in stocks of precious metals companies which have a high potential for growth.

Key Advantages
Precious metals remain in an uptrend, with potential strong interest in gold from investors. The following factors support a positive outlook on the price of precious metals:

  • Expected increase in demand for gold driven by the rising prosperity of India and deregulation of gold prices in China.
  • The correlation of precious metals stocks with conventional asset classes is very low or even slightly negative [2], making them ideal for hedging a portfolio against the fall in precious metal prices.
  • A weaker US Dollar benefits gold prices: A switch out of US Dollar into negatively correlated assets including hard assets like gold means ongoing pressure on the US Dollar should benefit gold.
  • European Central Banks are historically 'overweight' gold and have a capped limit on sales since 1999. Asian Central Banks, on the other hand, are 'underweight' gold and 'overweight' the US Dollar [3], which we believe could lead to their potential buying of gold for reserves.
  • The gold mines of traditional gold producing countries South Africa, Australia, Canada and USA are collectively in decline, while the global demand is still growing. This could potentially translate into a rise in gold prices.
  • The first Sharia-compliant fund of its kind, DWS Noor Precious Metals Securities Fund is a unique fund that gives investors access to gold and precious metals investments.
DWS's strict proprietary Sharia screening process allows our fund managers to screen each stock for Sharia compliance, ensuring a wide stock universe, rather than be limited by an index.

Our fund management team consists of members who have long track records in precious metals securities management and a thorough understanding of the mining and precious metals market. This enables them to analyse the entire value chain and select the best stocks in the precious metals sector.

The DWS Noor Advantage
DWS Noor Islamic Funds PLC is the range of Shariacompliant mutual funds offered by DWS Investments. These funds are ideally suited for Islamic investors looking for a combination of investment excellence, international expertise and potentially attractive returns - without compromising on their beliefs. The Islamic funds are constructed to Sharia standards and stand for transparent and innovative Islamic investment solutions. The adherence of DWS Noor with the principles of Sharia is endorsed via a Fatwa of Sharia compliance by the Sharia Board of Dar Al Istithmar, winner of the Euromoney 2006 award for ?Best Islamic Assurance and Advisory Services'.

Source: Deutsche Asset Management

[1] The DWS Noor Precious Metals Securities Fund is managed by Deutsche Asset Management (Asia) Limited; [2]Deutsche Asset Management, Thomson Financial Datastream, July 2007 [3]Deutsche Asset Management, annual reviews (GFMS Limited), Bloomberg, November 2007

Disclaimer This document is intended for informational purposes only and does not constitute investment advice or a recommendation or an offer or solicitation, and is not the basis for any contract to purchase or sell any security or other instrument, or for Deutsche Asset Management (Asia) Limited (DeAM) or its affiliates to enter into or arrange any type of transaction as a consequence of any information contained. It was prepared for general dissemination, without regard to the specific objectives, financial situation and needs of any particular person who may receive it. All applications for investments must be made on the application form accompanying the Singapore Prospectus, which can be obtained from DeAM or its approved distributors. Investors should read the Singapore Prospectus for details before deciding to invest. An investment in units/shares is subject to investment risks, including possible loss of the principal amount invested. The value of units/shares and the income derived from them may fall as well as rise and cannot be guaranteed. Past performance is not necessarily indicative of future performance. More current performance may be lower than the advertised performance. The forecasts are not necessarily indicative of the future or likely performance of the Collective Investment Schemes ("CIS"). DeAM CIS are not obligations of, deposits in, or guaranteed by DeAM, Deutsche Bank or any of its affiliates. Although the information was compiled from sources believed to be reliable, no liability for any error or omission is accepted by DeAM or its affiliates or any of their directors or employees. The information and opinions contained may also change. Investors may wish to seek advice from a financial adviser before making a commitment to invest in the CIS. In the event that an investor chooses not to seek advice from a financial adviser, the investor should consider whether the CIS is suitable for him. All third party data (such as MSCI, S&P & Bloomberg), where used, are copyrighted by and proprietary to the provider. DWS is the brand name of mutual funds offered by Deutsche Asset Management (Asia) Limited (Company Reg. No. 198701485N) in Singapore.

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