Bestinvest says
Historically the fund has outperformed its index with less risk, but investors should be aware that the Russian market can be highly volatile, even when compared to other emerging markets.
The investment objective of the fund is to generate capital growth from investment predominantly in Russian and Greater Russian securities or securities issued by companies transacting a significant proportion of their business in Russia and Greater Russia. The fund has a bias to larger companies, with Neptune favouring global companies that tend to dominate within the sector or sub sector in which they operate. The fund invests primarily via American or Global Depositary receipts, which are listed predominantly in the US. These require the companies to follows the same accounting standards as US companies - Neptune believes that this gives full confidence in the information disclosed.
Analysis at Neptune is split into three simultaneous, parallel, research areas: economic regions, global sectors, and individual companies. The UK based team are split by sector globally, with individual company analysis tending to focus on sectors they believe will benefit from current economic circumstances.