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. It adheres to the UN Principles for Responsible Investment.
As of 2022-06-30
The rate of return achieved by the fund in past periods does not guarantee the rate of return of the fund in future periods.
Public Marketing – E, C and D share classes
Finland, Sweden, France, UK, Estonia, Latvia, Lithuania, Norway (only institutional units)
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)
UCITS, public common investment fund
Emerging Europe ex-Russia (incl. EU new members and accession countries)
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
Daily (Estonian banking day)
Daily, cut-off 11:00 CET, settlement T+3
AS Avaron Asset Management, registry code 11341336
Narva mnt 7D, 10117 Tallinn, Estonia
Valdur Jaht, Peter Priisalm, Rain Leesi
Swedbank AS, registry code 10060701, registered address: Liivalaia 8, 15040 Tallinn, Estonia. Contact: email@example.com; Fax: +372 613 1822
Financial Supervision Authority of Estonia, registered address: Sakala 4, 15030 Tallinn, Estonia. Website: www.fi.ee
KPMG Baltics OÜ, registered address: Narva mnt 5, 10117 Tallinn, Estonia, register code 10096082
AS PricewaterhouseCoopers Advisors, registry code 10325507, registered address: Pärnu mnt 15, 10141 Tallinn, Estonia. Website: www.pwc.com