Strategy: Emerging European Equity
A benchmark agnostic actively managed value-based equity strategy with a long-term capital growth investment objective. The Strategy's investable universe of 450 names include equity securities of companies based in Central and Eastern Europe including Turkey and Greece. The managers employ an active strategy, make investment decisions primarily on the basis of bottom-up fundamental analysis, use proprietary valuation models while taking into consideration their overall macro-economic views. Managers have a contrarian bias as they actively seek to build positions in target companies which significantly underperformed the markets recently and investor sentiment towards the company or industry is negative. Currency exposure of the underlying instruments may be hedged opportunistically based on the portfolio managers’ view.