Avaron Emerging Europe Smaller Companies Fund
The Fund invests primarily in attractively valued small and mid-cap companies in Emerging Europe ex-Russia region with an objective to deliver positive risk-adjusted return over the market cycle. As stock exchanges in these markets are dominated by banking sector and state-owned companies, the Fund aims to limit investing into these segments, and focus on stock-picking mainly among privately owned smaller companies. Benchmark agnostic, the Fund emphasizes bottom-up, value-oriented stock picking with a strong small and mid-cap bias. Fund’s investment objective is to provide positive risk adjusted return by finding the optimal balance between highest upside to internally set target prices and the risk level perceived by the Management Company, considering among others company quality, ESG factors, liquidity and FX outlook. Avaron adheres to the UN Principles for Responsible Investment. By implementing Avaron’s investment process the Fund aims to outperform the market.