INVL Asset Management, in view of restrictions on trading on the Moscow Exchange (MOEX), which prevent trading and/or proper valuation of some of the securities comprising the subfund’s portfolio, and seeking to protect the interests of participants, is suspending the sale, redemption and exchange of units of the INVL Russia ex-Government Equity Subfund, as well as the execution of orders which have been submitted.
The suspension shall apply from 1 March 2022 to 1 June 2022 or until a separate decision of the INVL Asset Management shall be published in the same manner as this notice.
The value of the Fund’s net assets and the value of the investment unit will not be calculated or published during this suspension period.
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INVL Russia ex-Government Equity Subfund investments are concentrated on shares of 15 to 25 Russian companies that have been evaluated by the Subfund’s managers as the most attractive (except state-controlled enterprises. It is considered that the state control is in the company by owning more than 20 percent of the shares). The investment is aimed at maximizing the return on investment in shares of Russian companies and assumes a high risk of fluctuations.
The Fund’s name until 17 February 2016 was Finasta Russia TOP20 Subfund.
The Fund’s name since 18 February 2016 until 30 June 2021 – INVL Russia TOP20 Subfund.
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Basic data
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Start of operations
2010-10-29
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Manager
INVL Asset Management
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Newest Data
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Date
2022-02-25
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Unit value
26,7892 EUR
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Net assets
2.167.029,23 EUR
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Change in value
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1 day
+11,19 %
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1 month
-24,85 %
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3 months
-40,03 %
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1 year
-29,81 %
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Fees
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Management fee
1,50 %
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Distribution fee
2,00 %
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Success fee
20,00 %
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Sub-fund change fee
0,25 %
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| Start of operations | 2010-10-29 |
| Minimum investment amount | 0 EUR |
| Minimum recommended investment period | more than 5 years |
| Risk value | High |
| Manager | “INVL Asset Management” |
| Umbrella fund which includes subfund | „INVL Umbrella Fund” |
| Goal of subfund | To achieve maximum return on investment in shares of Russian enterprises that are not owned by the government. |
| Region | Russia and other CIS countries |
The weights of complex benchmark index have been selected with the main purpose of reflecting the Fund’s investment strategy (types and weights of investments) and strategic investment distribution, which are both set in the rules.
As of 15 January 2020
100% MSCI Russia 10-40 Net Total Return EUR Index (MN40RUE INDEX)
As of 29 October 2010
100% Russian Trading System Cash Index (RTSI$ Index) (converted into EUR)
More about the benchmark index or the component indices read here.
INVL Russia ex-government Equity Subfund key investor information (in English)
INVL Russia ex-government Equity Subfund key investor information (in Danish)
INVL Russia ex-government Equity Subfund key investor information (in German)
INVL Russia ex-government Equity Subfund key investor information (in Latvian)
INVL Russia ex-government Equity Subfund key investor information (in Norwegian)
INVL Russia ex-government Equity Subfund key investor information (in Swedish)
Past performance of the investment fund shows only its performance in the previous period. Past results do not guarantee future results. If the return on investment was positive in the past, 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 at www.invl.com.
Before making an investment decision, you should individually or with a help of investment consultants assess the selected fund’s investment strategy, applicable fees and all investment-related risks. You should also carefully read the fund’s rules, prospectus and Key Investor Information Document. All funds have benchmark indices which are chosen to reflect as precisely as possible the investment strategy (types and weights of investments) and the strategic investment distribution, which are both set in the fund’s rules and prospectus.
All the information presented is of a promotional nature and cannot be construed as a recommendation, offer or invitation to invest in investment funds managed by INVL Asset Management. The information provided here cannot serve as a basis for any subsequently concluded agreement. Although this information of a promotional nature is based on sources which are considered to be reliable, INVL Asset Management is not responsible for any inaccuracies or changes in the information, or for any losses that may incur when investments are based on this information.