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Fund facts of Avaron Emerging Europe Fund
|Fund Launch Date||April 23, 2007|
|Fund Type||UCITS, open-ended, public contractual investment fund|
|Share Class Type||Accumulating (fund does not pay dividends, dividends received are reinvested)|
|Asset Class||Long-only, listed equity|
|Investment Region||Emerging Europe ex-Russia (incl. EU new members and accession countries)|
|Benchmark Index||MSCI EFM Central and Eastern Europe & CIS (CEEC) ex Russia Index|
|Main Countries Invested in||Hungary, Poland, Czechia, Estonia, Lithuania, Slovenia, Croatia, Romania, Bulgaria, Turkey, Greece|
|NAV Frequency||Daily (Estonian banking day)|
|Subscription Cut-off||11 AM Estonian time (10 AM CET), settlement T+3|
|Redemption Cut-off||11 AM Estonian time (10 AM CET), settlement T+3|
|Public Marketing||Germany, Switzerland, France, Sweden, Finland, Latvia, Estonia|
|Fund Management Company||AS Avaron Asset Management, registry code 11341336, registered address: Narva mnt 7D, 10117 Tallinn, Estonia. Contact: firstname.lastname@example.org|
|Location of the Fund||Narva mnt 7D, 10117 Tallinn, Estonia|
|Fund Managers||Kristel Kivinurm-Priisalm, Valdur Jaht, Peter Priisalm|
|Fund Administration NAV Calculation Depositary Transfer Agent||Swedbank AS, registry code 10060701, registered address: Liivalaia 8, 15040 Tallinn, Estonia. Contact: email@example.com; Fax: +372 613 1822|
|Financial Supervision||Financial Supervision Authority of Estonia, registered address: Sakala 4, 15030 Tallinn, Estonia. Website: www.fi.ee|
|External Auditor||AS Deloitte Audit Eesti, registry code 10060701, registered address: Roosikrantsi 2, 10119 Tallinn, Estonia. Website: www.deloitte.com|
|Internal Auditor||AS PricewaterhouseCoopers Advisors, registry code 10325507, registered address: Pärnu mnt 15, 10141 Tallinn, Estonia. Website: www.pwc.com|
|Min. Initial Investment||-||125,000 EUR||1 MEUR|
|Performance Fee (Unit based)||-||10% over 12m Euribor||15% over MSCI EFM CEEC ex-Russia Index|
|High Watermark||-||Yes||Annual resetting|
|Bloomberg||AVEMEUD ET Equity||AVAEESC ET Equity||AVEMEUE ET Equity|
|Frequently Asked Questions|
|How can I buy the fund? |
There are two ways to buy and sell the fund units.
1) You can open a registry account at the fund's transfer agent Swedbank, transfer the money and make a subscription. Holding fund units at Swedbank is free of charge. Read more from here.
2) You can send your order to Avaron and make a subscription through delivery versus payment transaction. In that case electronic fund units will be settled with T+3 at your bank's custody. Your bank needs to be able to safekeep Estonian securities. Read more from here.
Is it possible to subscribe in shares or amount?
It is possible to subscribe in shares but subscriptions in euro amount are preferred.
What is the number of decimals?
Fund units (shares) have 3 decimals, share price (NAV) has 4 decimals.
Do I need to make a prepayment for subscription?
No, the cash needs to be transferred to fund's account by settlement date.
The fund has A and B share classes as well but these are not listed above?
Only investors that owned the fund as of 30 May 2009 can buy the A and B share classes (these are not open for new investors).