Willerfunds Management Company and EC Elbrus Capital Investments are celebrating three years results of the Willerequity Russia and Eastern Europe Fund (WEREE).
Launched in 1997, WEREE, which is registered for distribution in Italy, France, UK, Luxembourg and Switzerland, has been advised by Elbrus since October 2013.
Over the three years, it has improved its risk-return profile and has significantly outperformed its benchmark and competitors.
The fund is now in the top quartile performance among its peers for the period and ranks highly in industry databases and monitoring services such as Morningstar (four stars) and Quantalys (five stars).
WEREE invests in liquid listed equities in Central and Eastern Europe, including Russia and the former Soviet states. The fund implements a hybrid investment process that combines fundamental research stock selection with a model-driven macro overlay that determines the appropriate level of equity exposure for a given period or market environment.
Albert Mandic, managing director of Willerfunds, says: “We are pleased with the results obtained by WEREE, especially when considering the complex and challenging times that have characterised the region since Willerfunds began its collaboration with Elbrus. The hybrid investment approach has proven successful in enabling the fund to lower its volatility profile while maintaining its ability and potential to generate solid returns on both a relative and absolute basis. Our ambition is to render WEREE the product of reference for Eastern European equity investment.”
