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CBL Baltic Sea Equity Fund

Ranked 6 out of 15 in - Emerging Markets Europe over 12 months
All calculations are in LVL unless stated

Managed by

Elchin Jafarov

Based in Riga, Elchin Jafarov is a senior portfolio manager at CBL Asset Management (Citadele group, Latvia) with the focus on equity investments. He has more than ten years of experience in the financial industry and prior to re-joining CBL Asset Management in 2011, held a treasury position at GE Money Bank Latvia (General Electric group, US) and portfolio manager position at Parex Asset Management (now CBL Asset Management). Besides, Elchin has been actively delivering lectures at a range of business schools for more than a decade. He holds Master’s degree from Stockholm University with the major in private equity investments. Away from his daily activities he enjoys music.

Igor Lahtadirs

Igor Lahtadirs is a member of the CFA of Sweden and a portfolio manager at Citadel Asset Management where he started as a senior analyst in 2011. Prior to this he was an analyst at Linedata Services. Igor manages the Citadele Russian Equity Fund, the Caspian Sea Equity Fund and the Ukrainian Equity Fund, using blend of value and growth strategies. He graduated from the Stockholm School of Economics in Riga with a BSc in Economics and Business. Outside of work Igor enjoys soccer, chess, music and the theatre.

Objective

The fund is primarily investing in shares of companies of the Baltic Sea Region such as Denmark, Estonia, Russia, Latvia, Lithuania, Norway, Poland, Finland, Germany, and Sweden.

Showing fund performance in Latvia View performance globally

Performance

Emerging Markets Europe over : 30/09/2017 - 30/09/2018

Total Return

Quarterly Performance

to 30/09/2018 Annual Q1 Q2 Q3 Q4
2018 -5.5% 0.6% -0.1%
2017 8.8% 4.6% 1.9% 3.3% -1.2%
2016 1.4% -5.3% -3.1% 3.5% 6.8%
2015 2.2% 15.4% -6.0% -9.8% 4.4%
2014 -3.0% -1.6% 4.5% -2.4% -3.2%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Latvia

Fund Info

  • Launch date20/11/2013
  • Share Class size03Mn
  • Base currencyEUR
  • ISIN LV0000400794

Purchase Info

  • Min. initial investment1
  • Min. regular additional investment0

Charges

  • Annual management2.23%
  • Initial investment3.00%

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).