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Eastern European 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 Eastern European Fund invests in shares of companies in the whole of Eastern Europe.
In order to capture the growth and the lowest valuations, the fund seeks investments in a very wide spectrum of countries, sectors and companies without country or sector limits. 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
March 18, 2002
Quotation
Daily
Benchmark
MSCI EM Europe Index
Dividend
Yes, reinvested
Management fee
2.5%
Subscription fee
2.5%
Redemption fee
0%
Bank account (IBAN)
SE13 5000 0000 0586 4100 6362
ISIN code
SE0000888208
Bloomberg
EACOSTE
Lipper-ID
60070960
SEDOL
7402148
Key figures
| Total return in SEK | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|
| Eastern European Fund | 18% | 86% | -64% | 24% | 24% |
| MSCI EM Europe Index * | 9% | 65% | -62% | 20% | 15% |
| Net Asset Value (MSEK) | 7,664 | 5,599 | 3,262 | 12,187 | 7,780 |
|---|---|---|---|---|---|
| NAV per unit (SEK) | 43.35 | 36.67 | 19.75 | 54.77 | 44.26 |
| *MSCI EM Europe Index has been converted to SEK. |
Global Industry Classification Standard The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. (“S&P”) and is licensed for use by East Capital. Neither MSCI, S&P nor any third party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any of such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. MSCI dataSource: MSCI. The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “MSCI Parties”) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (www.mscibarra.com)
