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CBL Russian Equity Fund

OverviewPerformanceKey factsTeamDocuments

Investment Characteristics

  • Diversified equity portfolio of Russian companies
  • Target long-term capital growth from share price appreciation and dividends
  • Active and disciplined team-based investment process based on local expertise
  • Bottom-up benchmark unaware stock picking based on in-house research


Fact sheet
Key Investor Information Document (KIID)

Risk profile

Synthetic Indicator indicatively shows the volatility of the Fund’s profitability: the higher this indicator, the higher the potential reward; at the same time it involves a higher risk to suffer losses. The lowest category of the indicator does not mean that the investments in the Fund are not exposed to risk.

Over a period of time: 22.08.2019.
Base currency: USD
NAV per share: 19.76
Daily NAV change: 0.56%
Fund size: 4 342 499 USD
ISIN code: LV0000400190

Fund's performance

Year to date 3 months 6 months 1 year 3 years 5 years Since inception
18.47% 1.07% 5.84% 16.85% 10.26% 0.81% 4.51%

Download full history (.CSV)

  • Management Company: IPAS CBL Asset Management
  • Custodian bank: Citadele banka
  • Inception Date: 17/03/2004
  • Base Currency: USD
  • Management Fee: 2.0% p.a.
  • Front Load Fee: Up to 2.5%
  • Issue/redemption: Daily
  • Distribution Status: Accumulative
  • Legal Status: UCITS IV, Latvia
  • Regulator: Financial and Capital Market Commission Latvia (FCMC)
  • ISIN: LV0000400190
  • Bloomberg Code: PARRUEQ LR


On July 10, 2017 “CBL Eastern European Select Equity Fund” (ISIN LV0000400851) was merged with “CBL Russian Equity Fund” (ISIN LV0000400190) managed by "CBL Asset Management" IMJSC. After the merger, investment fund „ CBL Eastern European Select Equity Fund” terminated its activity.

You can get acquainted with the performance of the investment fund ” CBL Eastern European Select Equity Fund” using the following link:

Experienced management team with proven track record, whose performance has been recognized by the leading international fund rating companies.

CBL Russian Equity fund has received Lipper Fund Award as the best Russian Equity Fund in Europe in 2013 and since inception has ranked in the upper percentiles in its Morningstar peer group. In 2015 Citywire recognized our fund manager Kristiana Janvare as the second most successful fund manager in the CEE region.

Igor Lahtadir, CFA
Igor Lahtadir, CFA (Portfolio Manager, 5 years with the company, 10 years in the industry, BSc in Economics)
Igor Lahtadir is portfolio manager at CBL Asset Management where he is responsible for the management of all CBL equity funds.

Igor joined the Company in 2011 and since 2013 has been an Investment Committee member of all CBL Asset Management equity funds. He holds a BSc degree in Business and Economics from the Stockholm School of Economics in Riga. Igor is a CFA charterholder and passed level 1 exam of CAIA (Chartered Alternative Investment Analyst) designation.
Andris Kotāns, CFA (Head of Mutual Fund Management, Member of the Board, 11 years with the company, 15 years in the industry, MSc in Economics)
Andris Kotāns has been with CBL Asset Management since 2007. Under his leadership several CBL Asset Management managed funds have achieved and continue to receive the highest standard of international recognition, including CBL Eastern Europe Bond Fund, which has been awarded the highest possible Morningstar five-star rating. Andris Kotāns is also acting as the investment committee member of the 2nd and 3rd pillar pension funds managed by the Company. Andris is a CFA charterholder since 2007 and holds master's degree in economics from Central European University (Hungary) and bachelor's degree in business and economics and business administration from the Stockholm School of Economics in Riga.