Portfolio manager seeks long-term capital appreciation via investments in most liquid sovereign and corporate bonds and most liquid equities. Investment decision is based on individual analysis combined with market scenario analysis.
Investment constraints
Bonds
50% and above
Equity
up to 40%
Cash
up to 25%
Investment objective
Maximizing long-term capital gains through investments in Russian securities with potential growth exceeding bank deposit rate
Investment horizon
Theoretically infinite
Risk level
In line with the overall Russian bond market
Benchmark
CBONDS
Inception date
30 April, 2003
Dynamics of unit price and assets value for 22 January 2009
