ASI Eastern European Equity I

Invests in Eastern European equities.

  • 415.83p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.75%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.25%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 1.70%

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 18 June 2021

Fund summary

Sector Specialist
Structure OEIC
Launched August, 2000
Size £18m
Yield 1.70%
Charging basis Income
Dividends paid Acc units only


Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 1.25%


Proportion (%)

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Investment process

The fund's objective is to achieve long-term capital growth primarily in companies of developing European countries, although the Fund may also invest in companies of other European countries.

Manager research

Average monthly relative returns

  • 16/17 -0.30%
  • 17/18 -0.82%
  • 18/19 0.25%
  • 19/20 -0.38%
  • 20/21 0.67%

Bestinvest MRI

  • 3 years 0.18%
  • 5 years -0.12%
  • Career 0.15%
  • 3 years 87.30%
  • 5 years 39.40%
  • Career 97.70%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Aberdeen Emerging Markets Team

Devan Kaloo is head of global emerging markets and responsible for the London based GEM team. The team manages Latin America and EMEA equities and Kaloo also has oversight of GEM input from the Asia team based in Singapore. He joined Aberdeen in 2000 on the Asian portfolio team before becoming responsible for the Asia ex Japan region as well as regional portfolios within emerging market mandates and technology stocks. He previously worked for Martin Currie on the North American desk before transferring to the global asset allocation team and then Asian portfolios. He has an MA in Management and International Relations from the University of St Andrews and a MSc in Investment Analysis from the University of Stirling. Key members of the team involved in portfolio construction process include Kaloo, Hugh Young, Peter Hames and Joanne Irvine.

Track record

Aberdeen Emerging Markets Team has 16 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.15%. During the worst period of relative performance (from April 2013 - June 2018) there was a decline of 18% relative to the index. The worst absolute loss has been 33%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 98%.

Periods of worst performance

Absolute -33.00% (May 2008 - November 2008)
Relative -18.00% (April 2013 - June 2018)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.


Proportion (%)

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Top 10 holdings

Data accurate as at 31 July 2020

8.6% Lukoil Pjsc
7.8% Sberbank Of Russia
7.2% Novatek Pao
5.1% Yandex Nv
3.9% Tatneft Pjsc
3.6% Cd Projekt Sa
3.1% Group Ltd
3% X5 Retail Group N.v
2.8% Novolipetsk Steel
2.7% Dino Polska Sa
Source: Trustnet

Sector breakdown

Energy 23.00%
Consumer Staples 17.00%
Financials 16.00%
Communications 15.00%
Materials 7.00%
Health Care 5.00%
Consumer Discretionary 5.00%
Others 4.00%
Utilities 3.00%
Industrials 3.00%

Key Investor Information