Avaron Emerging Europe Smaller Companies Fund

The Fund invests in public small and mid-cap companies in Emerging Europe ex-Russia region.  The Fund creates alpha to investors through active Management and stock-picking. As stock exchanges in Emerging Europe are dominated by banking sector companies and state-owned enterprises, the Fund aims to limit investing into these segments, and focus on stock-picking mainly among attractively valued, privately owned, well-managed and fast growing smaller companies. The Fund is benchmark agnostic, portfolio is built fully bottom up, and the Fund has very low position overlap to regional indices. Small and mid-cap companies is a niche mostly overlooked by international emerging market investors.

Performance overview

UnitNAVYTD1D1M1Y3Y5Y10YCSV
SMC-A13.505115.45%-0.07%-0.63%22.83%0.00%0.00%0.00%
SMC-B13.506915.44%-0.07%-0.63%22.82%0.00%0.00%0.00%

As of 2024-10-25

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

FEESA ShareB Share
ISIN codeEE3600001772EE3600001780
Min investment--
Front-end Load0%0%
Management fee0.85%1.15%
Performance fee15% over MSCI EFM
EUROPE + CIS (E+C) ex Russia Index		-
Back-end Load0%0%

Fund Launch Date

December 9, 2022

Fund Type

UCITS

Fund Domicile

Estonia

Share Class Type

Accumulating

Asset Class

Public equities, small and mid-caps, long-only

Investment Region

Emerging Europe ex-Russia 

Market Index

MSCI EFM EUROPE + CIS (E+C) ex RU index

Main Countries Invested in

Poland, Hungary, Czech Republic, Romania, Greece, Slovenia, Estonia, Lithuania, Turkey

NAV Frequency

Daily 

Base Currency

EUR

Dealing

Shares are issued every business day, redeemed once a month

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, Depositary,
NAV Calculation, 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, registry 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-Russia

Asset Class

Public equities, small and mid-caps, long-only

Type

UCITS

Domicile

Estonia

Investment style

Active, stock-picking

Launch Date

December 9, 2022

Risk level

Fund documents

Factsheet

Prospectus

KIDs

Scenarios (KID)

Annual report

ISIN codes

A Share

EE3600001772

B Share

EE3600001780

All documents
All fund facts & costs
How to invest?

Investor assistance

Email

Phone

+372 6644 214