Closure of the EI Sturdza Emerging Europe Fund
The fund’s portfolio manager has believed and continues to believe that the Emerging Europe region is among the most undervalued regions in the Emerging Markets universe. However, the region has become increasingly subject to a number of political and economic factors which have and continue to act as head winds for the markets, and these factors have significantly deteriorated recently. The EI Sturdza team and the Board of Directors of the fund have carefully evaluated the evolving situation and concluded that the relationship between risk and reward has negatively developed and that it is no longer in the best interest of our investors to continue the fund. Therefore we have decided to terminate the fund and refund investors as soon as practicable.
Investors should contact Adam Turberville (A.Turberville@eisturdza.com) for more information.