Non-residents › Sampo New Europe Fund Was Assigned a Four Star Rating by Morningstar
Sampo New Europe Fund Was Assigned a Four Star Rating by Morningstar
11.05.2007
In April the rating agency Morningstar assigned a four star rating to Sampo New Europe Fund. It means that Sampo New Europe Fund surpasses two-thirds of all similar funds in terms of risk-adjusted return.The average five-year return of Sampo New Europe Fund Sampo is 28.94 % per annum and the average three-year return is 35.73% per annum (source: Morningstar, as at 07.05.2007).
Sampo New Europe Fund primarily invests in Eastern and Central European equity markets. The Fund does not invest in Russia. As the diversification of the Fund is lower than generally - the number of different equity positions does not exceed 25 at a time, it enables the Fund to invest only in the shares of those companies, whose prospects are better than the average.
"The valuation level of the equity markets of Eastern European countries has risen considerably in recent years. Therefore, in-depth analysis of companies, finding companies with a good potential and the ability to generate added value, gains ever more importance, “admitted Aari Stalde, the Fund Manager.
Sampo New Europe Fund, which is one of the oldest investment funds operating in Estonia, started its investment activities on the 28th of July 1998.
Morningstar is one of the most recognized independent rating agencies in the world, which compares return and risk of pair funds in different periods. Based on the results of the analysis of these indicators, Morningstar assigns ratings to funds.