Stockholm, February 21, 2012 — NASDAQ OMX Stockholm today lists a new actively managed ETF (Exchange Traded Fund) from Alpcot Capital Management. The “Alpcot Active Greater Russia ETF” (short name: AAGR) is a UCITS IV compliant fund that invests in the securities of issuers based in the ‘Greater Russia’ region, i.e. Russia and other CIS region states.
Björn Lindström, partner at Alpcot Capital Management said: “This is a truly actively managed equity ETF that targets retail and institutional investors locally, as well as professional investors across Europe. The product uniquely captures the best of both worlds of investing by offering investors real-time trade execution and a high degree of transparency, while also allowing for effective active management to take place.”
Jenny Rosberg, Senior Vice President at NASDAQ OMX commented: “Alpcot’s entry into the Nordic ETF market will provide local and international investors with a product that combines active management with the liquidity, transparency and tradability benefits of an ETF. ETFs are becoming an increasingly popular instrument at our Nordic markets and in 2011 we experienced a significant volume uptake among our more than 60 listed products.”
The Alpcot Active Greater Russia ETF fund’s portfolio is separated into disclosed portfolio securities (DPS) and non-disclosed portfolio securities (NDPS). Alpcot will daily disclose the portfolio’s DPS, which will typically amount to as much as 80 per cent of the portfolio), but will not reveal the NDPS. This partial disclosure will enable Alpcot to employ effective and active investment management and mitigate the risks of being exposed to front running and portfolio duplication. The Alpcot Active Greater Russia ETF will use a market maker to ensure daily posting of bid and ask prices.
Alpcot is an independent investment management company launched in 2005 by a group of investment professionals with significant experience of investing in Eastern Europe. The manager has over US$300m in assets under management across asset classes, and has offices in London, Moscow and Kiev.
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