RUSSIAN PROSPERITY FUND EURO
The Russian
Prosperity Fund Euro invests in Russia and surrounding (CIS)
countries, with the objective of maximizing the return on its assets. The
Fund complies with the EU Act on Common Funds (UCITS), which means that the
Fund has a well diversified portfolio composition which is quite different
from a market-weighted index.
The Fund's Investment Advisor is
Prosperity
Capital Management. Prosperity uses a fundamental bottom-up approach,
based on internal research. Prosperity carefully selects relatively
undervalued and well-managed companies that will benefit from the transition
and the developing new market environment in Russia. The investments
therefore tend to be made with a medium to long-term investment horizon.
Prosperity works with active stock selection, the
main investment approach being value and event-driven, whereas growth for
the coming years is also considered. The Fund tends to be overweight
preferred shares and second-tier stocks. Arbitrage possibilities, arising
from a stream of M&A in the market place, are actively used.
Prosperity's investment team, which is based in
Moscow, has worked together since 1996. The investment team makes over
300 company visits per year and is represented on the board of directors of
several leading Russian companies. A core list of some 200 companies - being
95% of the market's capitalization - is closely followed.
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KEY FACTS
Investment Advisor:
Prosperity Capital Management Ltd.
Moscow (+7 495 961 2810), London(+44 207 299 6950)
www.prosperitycapital.com
Status & domicile:
Open-ended (daily traded), Finland
ISIN code: FI0008808183
Date of inception: 8 March 2000
Fees: 2.9% p.a. mgmt + custody fee, no performance fee
Minimum subscription: euro 25 000, additional subscriptions min. euro 5 000
Subscription fee:
EUR
5 000 - 49 999 2,50%
50 000 - 99 999 2,00%
100 000 - 199 999 1,50%
200 000 - 299 999 1,00%
300 000 -
none
Anti-dilution fee (payable into the fund):
0,5%, valid for redemptions effected within 6 months of
subscription
(valid for K shares, sold outside Finland and
Sweden)
NAV/Price release: Daily, Bloomberg (SELRPEK FH)
Standard & Poors, Morningstar etc
Administrator:
Seligson & Co Fund Management / Jonathan Aalto
Erottajankatu 1-3, FI-00100 Helsinki, Finland
Subscription bank account:
NORDEA BANK, HELSINKI, WTC
Account number: 180530-322
IBAN: FI32 1805 3000 0003 22
BIC: NDEAFIHH
YTD and MTD values for Russian Prosperity K
|
| Type |
Latest date |
Latest value |
Compared date |
Compared value |
Change |
| YTD |
03.02.2012 |
82,8391 |
30.12.2011 |
71,2988 |
16,19% |
| MTD |
03.02.2012 |
82,8391 |
31.01.2012 |
81,6572 |
1,45% |
|
Change percentages for Russian Prosperity K
|
One
day |
One
month |
One
year |
Three
years |
Five
years |
Ten
years |
| -0,03% |
14,34% |
-15,02% |
296,42% |
-14,27% |
-% |
|
|
|
| PLEASE NOTE |
|
Please note that subscriptions will be registered only after the amount
subscribed for has been paid and has been received at the fund's bank account.
Please read
the
rules of the fund and
the simplified prospectus before investing for detailed information. Also, please note
that the rules in English are not an official translation and not valid for
legal purposes.
Also note that information contained herein does not
constitute an offer to sell any securities.
In particular, the information herein is not for distribution and does not
constitute an offer to sell or the solicitation of any offer to buy any
securities anywhere where the fund is question is not registered for sale,
including the United States of America nor for the benefit of United States
persons.
The prices of shares and any income from them can go down as well as up and you
may not get back the full amount invested. Past performance is not a guarantee
to future returns. When an investment involves a foreign exchange transaction,
it may be subject to fluctuations in currency value.
|
Read also the most recent
Russian Prosperity Fund Euro report
from PCM. For other PCM reports and updates, please contact PCM directly.
______________________
If you are interested in investing in the fund or want additional
information, please contact Seligson & Co's customer service either by
phone +358-9-6817 8200
fax +358-9-6817 8222 or
e-mail info@seligson.fi.
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