Charlemagne Capital is to add a retail Russia portfolio to its Dublin-domiciled Magna Europe fund ra...
Charlemagne Capital is to add a retail Russia portfolio to its Dublin-domiciled Magna Europe fund range.
The move comes as the group relaunches Magna Europa as an umbrella structure, targeting the retail market. Magna Europa is to be renamed the Ollo Umbrella funds.
The first fund to be added will be a Russian portfolio, expected to be available next year. Charlemagne Capital already has a Russia fund but it is only available to the institutional market. The new Ollo Russia portfolio will be similar in structure but available to retail investors.
Stefan Botcher and Andrew Wiles will manage the fund. Investment strategy will be based on a bottom-up, stockpicking, active management approach.
Stocks will be chosen first through a liquidity screening, after which they will undergo a due diligence process. This looks at earnings growth, quality of cashflow generation and management.
Minimum investment in the fund is e1,000 and the management fee is 1.75%.
The portfolio will invest in blue-chip companies. Holdings in the existing institutional version include Lukoil and Surgutneftegas.
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