UK - Investment management firm Payden & Rygel has launched a Central and Eastern European Equity Fund, exclusively for institutional investors.
The new fund is listed on the Irish stock exchange and allows institutions to participate in an array of countries with lower corporate tax rates and competitive labour costs.
Payden & Rygel chairman and founder, Joan Payden, said: “We believe there continues to be an excellent environment for investing in the emerging and growing countries of Central and Eastern Europe, particularly as we see this economy benefiting from convergence with the more developed areas of Europe.”
Payden & Rygel portfolio director, Soeren Rytoft, said: “Our approach combines a top-down and bottom-up methodology that seeks to locate those companies best positioned to benefit over the months ahead. Eastern Europe is much more than Russia. That is why the fund is managed against the well diversified Nomura-CEE index that also focuses on the Baltic States and Turkey”
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