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Baltic Fund
Aim and investment strategy
East Capital’s investment philosophy is based on a long-term perspective, fundamental analysis and active stock-picking, combining growth with value.
The East Capital Baltic Fund mainly invests in shares of companies in Estonia, Latvia and Lithuania, but also in companies with significant exposure to the Baltics.
The fund’s strategy is to buy low-valued shares in companies in sectors benefiting from long-term development trends, such as EU convergence and growth in domestic consumption and investment. Two thirds of the portfolio consists of large or medium sized companies. The fund can have up to 10% of its net asset value invested in a single issuer, with most holdings being under 5%. The fund has a low turnover rate.
Fund fact
Risk
High
Manager
East Capital Asset Management AB
Fund's start date
June 30 1998
Quotation
Daily
Benchmark
OMX Baltic Benchmark Capped Index
Dividend
Yes, reinvested
Management fee
2.5%
Subscription fee
2.5%
Redemption fee
0%
Bank account (IBAN)
SE36 5000 0000 0586 4101 7976
ISIN code
SE0000777724
Bloomberg
EACBALT
Lipper-ID
60048169
SEDOL
7402096
Key figures
| Total return in SEK | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|
| Baltic Fund | 38% | 21% | -57% | 1% | 12% |
| Baltic 30-index * | 43% | 10% | -53% | -6% | 4% |
| Net asset value (MSEK) | 1550 | 494 | 414 | 1252 | 1910 |
|---|---|---|---|---|---|
| NAV per unit (SEK) | 50.60 | 37.34 | 32.00 | 74.24 | 73.71 |
| * Baltic 30-index has been converted to SEK |
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