QUERCUS Russia

Equity product. The objective of this subfund is the long-term dynamic growth of the subfund's assets’ value per unit, exceeding the rate of return reflected by its benchmark, which describes a price performance of shares listed on the Russian market.

The risk level of investing in the subfund is high.

The subfund pursues its investment policy by investing assets mainly in shares (or ADRs, GDRs) of companies:
•    established in the Russian Federation,
•    listed on markets operating in the Russian Federation,
•    operating mainly in the Russian Federation.

The Russian market offers a high long-term growth potential given the dynamic economic growth of the Russian Federation and anticipated beneficial economic reforms moving this country closer to Western living standards.

The share of equities ranges from 50% to 100% of the subfund's assets.

Minimum involvement in the Russian market is 50% of the subfund's assets.

The subfund may also invest in the shares of companies listed on other foreign markets, including markets of the New Europe.

The subfund may be used to achieve high rates of return during good market conditions, in particular when the prices of commodities are high, or as a component of a diversified fund portfolio customised to the Investor’s investment profile. The subfund's investment performance is not expected to be highly correlated with market conditions on the Warsaw Stock Exchange, which gives the Investors an opportunity to better diversify their equity portfolios.

Benchmark: 100% RTS