Evli Greater Russia

Investment Policy

Mutual Fund Evli Greater Russia is an equity fund investing primarily in publicly traded Russian equities and equity-linked securities. The Fund may also invest its assets in the securities of non-Russian companies that are highly dependent on the Russian economy. The Fund may invest a maximum of 10% of its assets in the units of other mutual funds. The Fund’s investment objective is to achieve an increase in net asset value over the long term by investing assets in companies benefiting from the strong economic growth in Russia. These include especially companies operating in Russia ’s domestic markets, i.e. the financial, consumer product, telecommunication and utilities sector. When selecting investment targets, the focus is on well managed companies with good growth prospects and/or attractive valuation.

Investment Objective

The aim is to achieve a return, which over a period of five years, exceeds the return of the RTS-2 index.

The Fund’s expected return and level of risk are high, so we recommend the fund to experienced investors. The value of fund units can fluctuate abruptly within a short period due to natural changes in the target market or exchange rates. Additionally the Fund’s appreciation may be influenced by the emerging Russian market’s settlement risk, liquidity risk and custodian risk as well as the so far low transparency of Russian companies in general. Risks are reduced by diversifying the portfolio.

We recommend the fund

• to investors who wish to benefit from the potential returns of investing in companies operating in the fast growing Russian equity markets
• to investors who look for a higher investment return but are prepared to tolerate stronger price fluctuation and thus a higher risk than in a normal fund
• as a part of a diversified investment portfolio due to its high risk level
• to investors who have a long-term investment horizon (longer than 5 years)