Objectives
The objective of this fund is to achieve investment growth in any type of market conditions (absolute return). The share class is accumulating.
Investment policy
The fund invests mainly in a focused selection of long and short positions in Eastern European and Turkish equities. A small part may be invested in regulated markets in equities and equity-related securities issued by companies domiciled in countries bordering Eastern Europe. Amongst others, regulated markets include the following: PFTS Ukraine Stock Exchange, Ukrainian Exchange and Kazakhstan Stock Exchange and Public Join-Stock Company Moscow Exchange MICEX-RTS.
The investments will be made according to expected performance: sectors, countries and currencies may be overweighted or underweighted accordingly. The fund can be leveraged by using derivatives. Usually the expected level of leverage is between 90%-200% with a maximum expected leverage of 250%.
In actively managing the funds portfolio, the management team selects securities that appear to offer superior investment characteristics.
The fund may use derivatives for hedging and efficient portfolio management, as well as investment purposes.
The main part of the share class' NAV will be hedged against the base currency of the fund. However, the share class remains exposed to the currencies of the investments in the fund.
Recommendation: This fund may not be appropriate for investors who plan to withdraw their money within 5 years.
