CBL Baltic Sea Equity Fund has changed its name to CBL European Leaders Equity Fund
As of January 1st, 2020, CBL Baltic Sea Equity Fund has changed its name to CBL European Leaders Equity Fund. The fund’s investment region was broadened accordingly to include all European countries, and stock selection process has been further refined and systematized.
With its simple and understandable concept, the Fund is suitable for any investor who wants to earn income in euro with a medium to longer term investment horizon. At the time when risk-free investments in euro are no longer able to offer positive yields, equities as an asset class are getting more and more topical. The Fund's objective is to provide investors with higher long-term returns by investing in the most promising and trending areas, identifying those from the broad universe of stocks.
In addition, the fund’s management fee is reduced from 2.0% to 1.4% per annum. All these innovations should allow managers to implement more flexible investment decisions, enhance the fund’s diversification, and deliver better long-term result for investors.