Investment in Eastern Europe has been a hazardous business over the last three years. This is reflec...
Investment in Eastern Europe has been a hazardous business over the last three years. This is reflected in the performance statistics of the Micropal universe of offshore funds, with relatively few managers achieving positive returns over that time period. The mean average three year return for the 74 funds investing in the sector has been -24.58%. This breaks down as -9.01% over one year, 16.66% from December 1998 through November 1999, and -8.75% from December 1997 through November 1998. Top performer in the sector over the three-year period is the CB Fund European Emerging Market vehic...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes