The collectables funds showed increase of value during the first half of 2020 despite lockdown of operations during the pandemic - Amendment
Numisbing AB (publ) reports to NAV * on three classes of funds in which Numisbing AB (publ) continues to invest. There are three different classes of Collectibles Funds with separate portfolio funds. During the first half of 2020, NAV increased in percentage terms on a full year basis in the various classes with the following results.
Class A +1.7%, Class B + 1.19%, Class C + 0.68%.
The fund showed the following increase in value since the beginning of 2018:
Class A +66.67%, Class B + 64.18%, Class C + 61.08%.
The fund’s growth during the first half of 2020 was not as strong as experienced in the same period last year. This is due to the COVID 19 pandemic, which meant a temporary shutdown of the business for several months. The Collectibles Fund is used to acquire more numismatic objects for the existing portfolio which has been steadily increasing in value throughout two years and nine months. Today, the fund owns 17,625 objects.
-"Concerns about stock markets contribute strongly to the great interest in the collector's market. The fund for collectors' items shows strong growth over the years. Only for two months in the COVID 19 outbreak did the fund show short-term negative growth. Already in June, the fund's value rose again. worth 6,060,000 USD and has almost 17,625 objects in its possession ", says Numisbing's founder and CEO, Ramkumar Sarangapani.
The fund is divided into three classes: A, B and C which correspond to different investment levels within each class. There are three different investment classes. Management fees vary due to different investment levels which results to discrepancy of outcomes.
Class A with a minimum investment of 1,000,000 US Dollars
Class B with a minimum investment of 100,000 US Dollars
Class C with minimum investment is 10,000 US Dollars
Development of “Collectibles Fund” NAV the first six months of 2020.
During January-June 2020, the funds developed as follows with comparative 2019:
Class A NAV was 166.67 US Dollars (+ 1.7%) (First Half 2019 +13.32%)
Class B NAV was 164.18 US Dollars (+ 1.19%) (First Half 2019 +13.09%)
Class C NAV was 161.07 US Dollars (+ 0.68%) (First Half 2019 +12.47%)
The total investment from NUMISBING GROUP in the fund is USD 2.70 million (USD 2 million from NUMISBING AB and USD 700K from Numisbing Ltd). The total value of the fund is USD 6.60 million.
Attached is the current information regarding NUMISBING AB & NUMISBING LTD, including the overview of the accounting for collective assets that has been obtained from the fund administrator.
It should also be noted that Numisbing Limited, which is a subsidiary of Numisbing AB (publ), acts as an investment advisor to the collector funds.
* The fund price is also called the NAV price and it is calculated by end of every month. The course is set by first adding up all the fund's assets, then deducting the fees that the fund has, such as the management fee. The sum, which is also called fund assets, is then divided by the number of fund units that the fund has and then you get the NAV rate. In other words, when you look at the fund's development, all fees have already been deducted. It is also usually called a fee-adjusted course.
The investment market
Investment interest in historical coins has increased in recent years, and investors in the international stock market are looking for more diversified investment portfolios. In line with concerns in the global stock markets, investors are looking for more value-stable investment objects and thus the pricing of these objects is increasing, which is primarily historical coins. Management in Numisbing now sees that the prices at auctions of collectables in coins and banknotes are rising at various auctions in the world.
About Collectibles Fund:
Collectibles Fund Segregated Portfolio, managed by Cabaritta Funds SPC, is a closed-end fund located in the Cayman Islands since 2017. The fund's objectives are to value and value assets within its collection area and invest primarily in collectables and works of art, focusing on a historical annual return 20 per cent. In 2019, the fund had a growth of 27.5 per cent (2018, 28 per cent). The fund currently has six different asset classes with separate portfolios based on different types of investments.
For more information, contact: Ramkumar Sarangapani, CEO of Numisbing AB, Tel. +971 50 588 1838, ramkumar@numisbing.com, or
Jan Rejdnell Investor Relations (IR) Tel. + 46 (0)708-14 44 00, jan@delecta.se.
About NUMISBING:
NUMISBING AB (www.numisbing.se) is a Numismatics & Arts company headquartered in Stockholm, Sweden, and has its operations in Dubai, United Arab Emirates, which is currently listed on the Nasdaq First North Stock Exchange in Stockholm, Sweden. Since its inception in 2012, Numisbing has grown into a leading Numismatics company in the Middle East region with a market share of close to 75 per cent. Soon, Numisbing AB intends to apply for listing on Nasdaq, First North in Stockholm. More information at www.numisbing.se.
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