It seems as though investor sentiment is starting to turn around when it comes to Eastern Europe.
Investors are finding great values with growth opportunities for starving portfolios with some positive returns YTD.
Companies such as LukOil are house hold names in Russia and happens to be Russia’s second largest oil producer which
produces 1.972 million barrels per day. Turkey has also seen a great run this year and Halk Bankasi has been a top holding for many. For those not familiar with it Halk Bankası (“People’s Bank”), or Halkbank, is a Turkish state-owned bank. Established in 1938, it initially lent money indirectly through “popular funds”, before being authorized in 1950 to open branches and lend money directly. Today it is the 7th-largest bank in Turkey in terms of assets.
Now a great way to invest in Emerging Europe would be a great actively managed strategy like the Excel Emerging Europe Fund.
The YTD performance of this fund is up over 7%, the advantage investing in Excel Funds is our unique on the ground portfolio managers that offers superior insight to these intricate and sophisticated European Markets.
The Excel Emerging Europe Fund is managed by Dr. Ghadir Abu Lell-Cooper of baring Asset Management.
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Written by: Sam A.