Description
The Fund invests actively in listed equities of European Union new member states and candidate countries (Emerging Europe, ex Russia).
Benchmark agnostic, it emphasizes bottom-up, value oriented stock picking with a strong small and mid-cap bias. The Fund’s investment objective is to maximise upside to internally set target prices, taking into account company quality, liquidity and FX outlook. By implementing our investment process we aim to outperform the market with lower volatility. The Fund typically invests in 30-40 regional companies, who generally demonstrate a competitive advantage or attractive risk/return features.
Performance overview
| Unit | NAV | YTD | 1D | 1M | 1Y | 3Y | 5Y | 10Y | CSV |
|---|---|---|---|---|---|---|---|---|---|
| AEF-A | 6.0836 | 6.73% | 0.84% | 6.56% | -0.11% | 21.40% | 22.49% | 75.84% |  |
| AEF-B | 6.6163 | 6.78% | 0.84% | 6.61% | 0.40% | 23.25% | 25.61% | 85.23% | |
| AEF-C | 22.4780 | 6.78% | 0.84% | 6.60% | 0.49% | 23.62% | 26.13% | 79.16% | |
| AEF-D | 18.1211 | 6.70% | 0.84% | 6.54% | -0.36% | 20.48% | 20.93% | 71.31% | |
| AEF-E | 18.2006 | 6.12% | 0.94% | 5.94% | 0.22% | 20.13% | 21.88% | 70.96% | |
As of 2023-02-02
The rate of return achieved by the fund in past periods does not guarantee the rate of return of the fund in future periods.
Fund facts
| FEES | E (Institutional) | C (Institutional) | D (retail) |
|---|---|---|---|
| Min investment | 500 000 EUR | 500 000 EUR | - |
| Front-end Load | 0% | 0% | 0% |
| Management fee | 0.85% | 1.15% | 2% |
| Performance fee | 15% over MSCI Emerging Europe ex-Ru index | - | - |
| Back-end Load | 0% | 0% | 0% |
Public Marketing – E, C and D share classes
Germany, Finland, Sweden, France, UK, Estonia, Latvia, Lithuania, Norway (only institutional units)
Tax Transparencies
Germany
Platforms
Euroclear FundSettle, Allfunds, MFEX, Clearstream AFS, SIX SIS AG, RBC Investor Services, IFSAM, BNP Paribas Securities Services Luxembourg
Morningstar rating (E Unit): four stars (3, 5 and 10 years)
Fund Launch Date
April 23, 2007
Fund Type
UCITS, public common investment fund
Fund Domicile
Estonia
Share Class Type
Accumulating
Asset Class
Long-only, listed equity
Investment Region
Emerging Europe ex-Russia (incl. EU new members and accession countries)
Benchmark Index
MSCI EFM EUROPE + CIS (E+C) ex RU index
Main Countries Invested in
Bulgaria, Czech Rep., Croatia, Estonia, Greece, Hungary, Lithuania, Poland, Romania, Slovenia, Turkey
NAV Frequency
Daily (Estonian banking day)
Base Currency
EUR
Dealing
Daily, cut-off 11:00 CET, settlement T+3
Fund Management Company
AS Avaron Asset Management, registry code 11341336
Location of the Fund
Narva mnt 7D, 10117 Tallinn, Estonia
Fund Managers
Valdur Jaht, Peter Priisalm, Rain Leesi
Fund Administration
NAV Calculation
Depositary
Transfer Agent
Swedbank AS, registry code 10060701, registered address: Liivalaia 8, 15040 Tallinn, Estonia. Contact: ta@swedbank.ee; Fax: +372 613 1822
Financial Supervision
Financial Supervision Authority of Estonia, registered address: Sakala 4, 15030 Tallinn, Estonia. Website: www.fi.ee
External Auditor
KPMG Baltics OÜ, registered address: Narva mnt 5, 10117 Tallinn, Estonia, register code 10096082
Internal Auditor
AS PricewaterhouseCoopers Advisors, registry code 10325507, registered address: Pärnu mnt 15, 10141 Tallinn, Estonia. Website: www.pwc.com
Fund key facts
Region
Emerging Europe ex-RU
Asset Class
Listed equity, long-only
Type
UCITS, public common
investment fund
Domicile
Estonia
Investment style
Value, stock-picking
SFDR
Article 8
Launch Date
April 23, 2007
Share Classes
Accumulating
Risk indicator
The risk indicator assumes that you keep the fund
for 5 years
Fund documents
ISIN codes
E Unit
EE3600108874
C Unit
EE3600102901
D Unit
EE3600108866
All documents
All fund facts & costs
How to invest?
Public Marketing – E, C and D share classes
Germany, France, UK, Sweden, Finland, Norway, Latvia, Lithuania, Estonia
Platforms
Euroclear FundSettle
Allfunds
MFEX
Clearstream AFS
SIX SIS AG
RBC Investor Services
IFSAM
BNP Paribas Securities Services Luxembourg
Morningstar rating (E unit): four stars (3, 5 and 10 years)
