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Booster Innovation Fund Analysis
Overview
The Booster Innovation Fund (the ‘Fund’) is a managed investment scheme. It was established to invest in a portfolio of early-stage companies founded on intellectual property originated or developed in New Zealand that are selected on the basis that they have the potential to become commercially successful globally.
The Fund is both listed on the NZX (code: BIF) and a continuous issuer, meaning investors can buy or sell units on the NZX or directly with the Manager.
Investment Objective - the Fund aims to provide investors with an exposure to a diversified portfolio of early-stage companies founded on intellectual property originated or developed in New Zealand.
Investment Strategy - the Fund will seek to invest in a diversified portfolio of investments in conjunction with a range of other specialist investors, across a range of different business sectors and stages of development to optimise the expected returns from early-stage investments.
The Fund currently has an investment portfolio of over $19 million.
The Booster Innovation Fund is registered under the Financial Markets Act 2013.
The Manager of the Fund is Booster Investment Management Limited, part of the Booster Group.
The Booster Group has been helping New Zealanders save since 1998. The group currently manages superannuation and investment funds of over $7 billion on behalf of more than 200,000 New Zealanders.
Performance
The Fund publishes a quarterly client update which provides details of the performance of the Fund. This publication is released through the NZX announcement platform, and is available at www.booster.co.nz
In any given GDT Event the GDT website may display a range of results other than price, as explained:
- ' – ' means that the product was not offered.
- ‘n.s.’ (not sold) means that no product was sold.
- ‘n.p.’ (not published) means that product was sold at the starting price, and therefore GDT cannot publish the winning price. For an explanation of this rule, see question 9 in the "Common questions" page under "About GDT" at www.globaldairytrade.info
- 'n.a.' for the Average Winning Price means that no prices were available for that contract period (for the reasons above), and therefore no average price was applicable.
For clarification where GDT publishes ' – ' or ‘n.s.’ (not sold) NZX results will also display a '-' or 'n.s'.
Where the GDT website displays ‘n.p.’ (not published), NZX will display the starting price. Note that the NZX results page will not differentiate between prices that are equal to starting price or those that have exceeded starting prices.
'n.a.' for the Average Winning Price as displayed on the GDT website are not displayed on this results page.
Note that N/A in the table below means there has been no change between current and previous price.