Undervalued Russia equity offer higher return potential

INVL Russia TOP20 subfund offers carefully selected investment ideas from Russia and CIS countries

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Market insights

High dividend opportunity in Russia stock market

Russia fund is managed by a recognized AA-rated manager, also awarded The Most Consistent Russia Equity manager title by Citywire in 2016

Source: INVL Asset Management, Bloomberg. Benchmark: 100% Russian Trading System Index (RTSI).
Past investment fund results only show the results of a fund’s activities for the previous period. Past results do not guarantee future results. If the return on investments previously was positive, it will not necessarily be so in the future since the value of investments can both rise and fall. The management company does not guarantee the profitability of investments. The latest values of investment fund units are published on www.invl.com

Long expertise in the Russian market allows selecting the most fundamentally attractive investments.

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Active selection of smaller, undiscovered Russian companies

The fund invests in only 15-25 carefully selected investments in Russia and CIS region with a high potential for future appreciation based on our estimations.

High dividend yield

Dividend yield in Russia stock market is 5.8%, compared to the world average of 2.5%.

Inexpensive market compared to the rest of the world

P/E ratio in Russia 6.1; compared to the world average of 16.

Rating

Highest (5 of 5) Lipper Leaders overall ratings in total and consistent return categories help INVL Russia TOP20 subfund stand out among it’s peers.

This table shows the total Lipper Leader ranking on May 31, 2018. Lipper Ratings shows degrees from high to low where 1 point is considered to be the lowest and 5 points is considered the highest in Lipper Leaders rankings. INVL funds are compared to other similar funds registered for public distribution in Sweden. Lipper Ratings for Total Return reflect fund historic total return performance relative to peers. Lipper Ratings for Consistent Return reflect fund historical risk-adjusted returns relative to peers. Lipper Ratings for Preservation are relative, rather than absolute. Lipper Ratings for Expense reflect fund expense minimization relative to peers. Overall Ratings are based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable). Under no circumstances does information about Lipper Leader funds constitute a recommendation to buy or sell mutual funds. Lipper Leaders status is calculated monthly using data available at the time of calculation. For more information, please visit Lipper Leader webpage and read about the Lipper Leader ranking system.

Press about us

"Börserna i Baltikum hör till årets bästa. God ekonomisk tillväxt, låga värderingar och – inte minst – höga utdelningar driver utvecklingen"

"Med sin konservativa investeringsstrategi har INVL sedan 2010 haft en av de högsta avkastningarna med lägst svängningar med exempelvis 3,5 procents avkastning på treåriga obligationer."

"One of the best performing stock markets for the last 3 years was just across the Baltic Sea."

"INVL Baltic Fund har lyckats avkasta drygt 8 procent under sommaren vilket placerar den på en klar andraplats på vinnarlistan."

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Fund manager

Dainius Bložė

INVL Asset Management Fund Manager

Over 18 years experience in asset management, last 13 working with Russian equities

"AA" fund manager rating on Citywire (April, 2018)

Dainius Bloze joined INVL Asset Management in 2010 as a fund manager for Russian and Emerging Europe ex Russia equities. Prior to joining INVL team, Dainius was a portfolio and pension funds manager at SEB Asset Management and Chief Investment Officer at a VC Small Enterprise Assistance Funds (SEAF). He has been working in private equity and asset management for almost 20 years, out of which last 13 years directly with Russian equities. Dainius is “A” rated fund manager on Citywire (April, 2018) and was named the most consistent Russia equity fund manager in 2016. He has an MBA from Vilnius University.

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Fund documents

Fund rules

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Key investor information document

Download PDF (Swedish)

Prospectus

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Other documents

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Long expertise in the Russian market allows selecting the most fundamentally attractive investments.

Start investing now

Past investment fund results only show the results of a fund’s activities for the previous period. Past results do not guarantee future results. If the return on investments previously was positive, it will not necessarily be so in the future since the value of investments can both rise and fall. The management company does not guarantee the profitability of investments. The latest values of investment fund units are published on www.invl.com.

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