| Unit | NAV | YTD | 1D | 1M | 1Y | 3Y | 5Y | 10Y | CSV |
|---|---|---|---|---|---|---|---|---|---|
| SMC-A | 11.2712 | 13.06% | 0.07% | 2.59% | 0.00% | 0.00% | 0.00% | 0.00% |  |
| SMC-B | 11.2734 | 13.10% | 0.07% | 2.59% | 0.00% | 0.00% | 0.00% | 0.00% | |
As of 2023-11-30
The rate of return achieved by the fund in past periods does not guarantee the rate of return of the fund in future periods.
| FEES | A Share | B Share |
|---|---|---|
| ISIN code | EE3600001772 | EE3600001780 |
| Min investment | - | - |
| Front-end Load | 0% | 0% |
| Management fee | 0.85% | 1.15% |
| Performance fee | 15% over MSCI EFM EUROPE + CIS (E+C) ex Russia Index | - |
| Back-end Load | 0% | 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
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
A Share
EE3600001772
B Share
EE3600001780
All documents
All fund facts & costs
How to invest?
Experience in Emerging Europe investments since 2023
Karl joined Avaron research team as an Analyst and Trader in 2023. Before joining Avaron he worked for EY audit team.
Karl holds B.A degree in Economics and Business Administration from TalTech.
He is fluent in English and Estonian. Karl is interested in reading and Brazilian jiu-jitsu.
Experience in finance and accounting since 2011
Svetlana takes care of Avaron’s back-office operations and accounting. Before joining Avaron, Svetlana has worked as a data entry specialist in the subsidiary of Admiral Markets and as an accountant in a currency exchange company.
Svetlana has achieved Accountant Level 5 qualification and professional higher education diploma from Tallinn School of Economics.
She is fluent in English, Estonia, Russian and Swedish. Her interests are horseback riding, jogging and hiking.
Experience in Emerging Europe investments since 2021
Kevin joined Avaron investor relations team as an Investor Relations Specialist in 2021. Previously he worked as a regional sales manager for a local publishing house.
Kevin has a vocational degree from Tallinn School of Economics. He is currently obtaining his B.A. degree in Financial Management at Estonian Entrepreneurship University of Applied Sciences.
Kevin is fluent in English and Estonian. His hobbies include investing (since 2016), travelling, photography and competitive road cycling.
Experience in Emerging Europe investments since 2021
Silver joined Avaron research team as an Analyst in January 2021. Previously he has worked at AS SEB Bank financial markets and operations division as a summer intern.
Silver holds B.A degree in Economics and Business Administration from University of Tartu. Silver has also passed Level I of the CFA Program.
He is fluent in English, Estonian and can speak and understand Russian on elementary level. Silver is interested in reading and beekeeping.
Experience in Back-Office operations since 2014
Maarja is Avaron’s Senior Back-Office Specialist. Maarja joined Avaron team as a Back-Office Specialist in 2014. Before joining Avaron, Maarja was working as a Chief Specialist in EU Structural Funds’ Unit at Estonian Road Administration.
She holds a M.A. degree in Finance and Accounting from Tallinn University of Technology.
Maarja is fluent in English and Estonian. Her interests are interior design, reading and sports.
Experience in Back-Office operations since 2016
Jaanika joined Avaron team as a Back-Office Specialist in 2018. Before joining Avaron, Jaanika was working as a Payment Management Specialist in the settlement team at Luminor. Previously she has worked at DNB Bank as a Loan Operations Specialist.
She holds a B.A in Business Finance and Investments from Tallinn University of Technology.
Jaanika is fluent in English and Estonian. Her interests are interior design, web design and sports.
Experience in financial sector as a lawyer since 2005
Ingrid is a Member of the Risk Management as well as Responsible Investing Committee at Avaron. Ingrid joined Avaron compliance team in 2020. Before joining Avaron, Ingrid was working as a Lawyer in the investment team at Swedbank's legal division. Previously she has worked at Estonian Financial Supervision Authority and a law firm.
She holds a M.A. degree in Law from University of Tartu.
Ingrid is fluent in English, Finnish and Estonian. Her interests are dancing and theatre.
Experience in Back-Office operations since 2002
Maarja heads the Back-Office & Operations team in Avaron. She started her career in 2002 as a Back-Office Specialist in Trigon Capital and later headed the team for four years. In 2007 she co-founded Avaron and joined the team as Head of Back-Office. In 2014-2015 she took a maternity leave and re-joined the team early 2016.
She holds a M.A. degree in Economics from University of Tartu.
Maarja is fluent in English and Estonian. Her hobbies are badminton, learning Spanish and amigurumi.
Experience in financial analysis since 2015
Maksim is Avaron’s Senior Analyst. Maksim joined Avaron research team as an Analyst in June 2017. Before joining Avaron, he was working as a Business Customer Advisor in Swedbank.
He holds a M.A degree in Finance and Investments from Tallinn University of Technology. Maksim is a CFA Charterholder.
Maksim speaks English, Estonian and Russian. He is interested in sports (triathlon) & reading.
Experience in Emerging Europe investments since 2011
Reino is a Senior Analyst and a Member of the Investment Committee at Avaron. Reino joined Avaron research team as an Analyst in 2011. Before joining Avaron, Reino was an Audit Associate at PricewaterhouseCoopers.
He holds a M.A. degree in International Business from Estonian Business School.
Reino is fluent in English and Estonian. His interests are basketball, photography and farm work.
Experience in Emerging Europe investments since 2008
Piotr joined Avaron research team as an Equity Analyst in 2008. Previously he was working for Ernst & Young in Warsaw.
He holds a M.A. degree in Finance and Banking from Koźmiński University in Warsaw. Piotr is a CFA Charterholder.
Piotr is fluent in Polish and English. His interests are markets, CEE culture & politics, sports.
IMPORTANT LEGAL INFORMATION
The following information applies to every page on this web site, whether or not such pages individually contain a disclaimer notification. This material has been drawn up by AS Avaron Asset Management (hereafter: Avaron), a fund management company registered in Estonia which is authorised and supervised by the Estonian Financial Supervision Authority. The contact details of Avaron are as follows: address Narva mnt. 7D, Tallinn 10117, Estonia; phone +372 6644200; e-mail info@avaron.com. Material on the website is the copyright property of Avaron, unless noted otherwise, and all rights are reserved.
This material contains data and facts on investments and funds managed by Avaron, which are provided for information purposes only. No investment advice is offered or given by Avaron to persons using this material. This material is complimentary to and not a substitute for independent professional advice from a person qualified to provide it in your home country. Reliance on this material for the purpose of buying the securities to which this material relates may expose a person to a significant risk of losing all of the money invested. The information herein is, to the best of the knowledge of Avaron, in accordance with the facts. However, Avaron, none of its affiliates, directors or officers accept any liability in respect of the accuracy or completeness of any information herein, or omitted to be included herein, or any information provided, or omitted to be provided, by any third party. All information and expressions of opinion contained in this material are subject to change without notice, unless the law requires otherwise.
This material does not constitute or form part of a distribution or an offer or solicitation to buy or sell any securities (in particular, shares or units in any of Avaron funds) to any person in any jurisdiction in which such distribution, offer or solicitation would be contrary to local law or regulation. In particular, the information herein is not for distribution, and does not constitute an offer to sell or buy, or the solicitation of any offer to sell or buy, any securities in the United States of America or to or for the benefit of United States persons (within the meaning of Regulation S under the Securities Act of 1933). In relation to persons in the United Kingdom, the information herein is directed only at Investment Professionals in the meaning of Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005. This material should not be relied on by persons in the United Kingdom who are not Investment Professionals. Any investment or investment activity to which this material relates is available in the United Kingdom only to Investment Professionals and will be engaged in only with Investment Professionals. In relation to persons in Switzerland, this material is directed only at Swiss Qualified Investors in the meaning of Article 10 (3) of the Collective Investment Schemes Act. Swiss private individuals are not allowed to use this material. The funds managed by Avaron are not authorised for public distribution in Switzerland.
Subscription of Avaron funds should be made on the basis of the funds’ prospectus and key investor information document (KIID), the relevant fund rules or articles of association and the latest available annual or semi-annual reports. These documents can be obtained from Avaron. Past performance is not indicative of future results. The value of investments and any income derived from the funds may fall as well as rise and investors may not get back the amount invested. An investment in the funds entails risks, some of which are described in the prospectuses of the funds. Investors should be aware of the high risks associated with investments in emerging markets such as Central and Eastern Europe. This material may include forward looking statements which are based on Avaron’s current opinions, expectations and projections. We undertake no obligation to update or revise any forward looking statements. Actual results could differ materially from those anticipated in the forward looking statements. Any dispute, controversy or claim arising out of or in connection with the information provided in this material shall be settled in accordance with Estonian law exclusively in Estonian courts. Information provided in this material has originally been prepared in the English language and has been translated into Estonian. In case of any discrepancy between the two versions, the English version shall prevail.
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