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ESPA STOCK ISTANBUL VT


Equity fund with a focus on Turkey

ISIN:
AT0000494885

2019/11/13
NAV
5,794.6600
Difference 0.67% (38.31)

General attributes

Fund typeEquity Funds
Investment companyErste Asset Management GmbH
CurrencyCZK
TypeVT
Begin of subscription period-
Inception2001/08/14
Licenced inAT,CZ
Duration of fundopen end
Total assets33,223,645.52 EUR
Fiscal year05/01 - 04/30
Initial charge4.00%
Management fee2.16%
Ongoing charges2.15%
Minimum investmentAccording to offer
Account number-
Recommended holding periodAt least 8 years
Investor experience-
Investor tolerance7 (scale 1-7)

Fund PDF download

ProspectusPDF Download
Key Investor Information DocumentPDF Download
CZ DisclaimerPDF Download

Fund annual reports

Annual Reports2019/04/30PDF Download
First-Half Report2018/10/31PDF Download
Scale: ABS REL


The chart shows the current fund share unit price (NAV) of the nominal value of an investment company proclaimed on that working day. Performances under 12 month have only little informative value.  Information about previous performance does not guarantee future performance.
Source: Česká spořitelna, a. s.
Advantages Details you should be aware of
Opportunity to earn above-average returns for investors with considerable willingness to take risks. The entire Turkish economy is covered with a single investment. The fund can be sold at any time (in contrast to the frequent lack of liquidity for individual securities on the Turkish stock exchange). The net asset value of the fund can fluctuate considerably (high volatility). Due to investments denominated in foreign currencies, particularly in the Turkish lira, the net asset value of the fund in euros can be negatively impacted by currency fluctuations. Emerging markets involve a higher level of risk. The investor bears the risk of the Turkish economy. Loss of capital is possible.

Secondary market

Purchase of share certificates
Investing in the open-end mutual funds is very easy. If you have already invested with Česká spořitelna, simply remit the invested amount to the collection account number of the selected fund and indicate your MUIN (number of your investment account) as the variable symbol. A comfortable method of investing is represented by SERVIS24 Internetbanking.

Sale of share certificates

To sell certificates visit any branch of Česká spořitelna or use the SERVIS24 Internetbanking services.

For new clients

If you have not invested with Česká spořitelna, contact your personal consultant or visit any branch of Česká spořitelna, where we will be happy to answer your questions and help you choose the best investment solution. You just have to make one visit to the Česká spořitelna branch and then you may make investments without any further visits.

 
ČS list of charges for mutual funds unit trading



Risk notes according to 2011 Austrian Investment Fund Act

ESPA STOCK ISTANBUL may exhibit increased volatility due to the composition of its portfolio: i.e. the unit value can be subject to significant fluctuations both upwards and downwards within short periods of time.
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Disclaimer

Full names of open Mutual funds are given in the fund statutes (prospectuses). Pursuant to rules applicable to collective investment, the manager informs that neither the current or expected performance will guarantee the future performance. Investment in investment certificates contains the risk that the current value of amount invested and yields on the amount will fluctuate; thus return on the amount invested is not guaranteed. All information provided herein is of informative nature only and it should not substitute the statute (prospectus) or give its overall summary. Before using this website/information for investment, you should consult consultants of Česká spořitelna. If any yield is mentioned in the reference material, you should always bear in mind that past yields will not guarantee future yields, that any investment is subject to the risk of value fluctuations and change of exchange rates, and that return on the amount invested or profit margin cannot be guaranteed.

Performance goal and investment strategy

The <> is an equity fund geared towards achieving long-term capital appreciation. The strategic focus of the fund is on the shares of companies from Turkey. The fund management pursues an active investment approach in accordance with the qualitative and quantitative methods of the CEE equity team. The investment strategy also involves currency risks that are usually not hedged.

Performance (2019/10/31)

Period YTD
6m
1Y
(% p a)
3Y
(% p a)
5Y
(% p a)
10Y
(% p a)
since inc.
(% p a)
Perf 3.09 - 7.75 -12.70 -12.53 -3.54 -2.80

Annual performance in % (2019/10/31)

Period 2014 2015 2016 2017 2018
Perf 40.48 -23.62 -12.07 17.26 -39.48

Performance Calculator

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Minimum & maximum performance in % p.a. (2019/10/31)

1Y
154.93
 
-68.46
3Y
67.00
 
-28.17
5Y
41.75
 
-16.32
10Y
19.61
 
-7.00

Disclaimer

Full names of open Mutual funds are given in the fund statutes (prospectuses). Pursuant to rules applicable to collective investment, the manager informs that neither the current or expected performance will guarantee the future performance. Investment in investment certificates contains the risk that the current value of amount invested and yields on the amount will fluctuate; thus return on the amount invested is not guaranteed. All information provided herein is of informative nature only and it should not substitute the statute (prospectus) or give its overall summary. Before using this website/information for investment, you should consult consultants of Česká spořitelna. If any yield is mentioned in the reference material, you should always bear in mind that past yields will not guarantee future yields, that any investment is subject to the risk of value fluctuations and change of exchange rates, and that return on the amount invested or profit margin cannot be guaranteed.

Top holdings (2019/10/31)

ISINNameCurrency%FA
TRAGARAN91N1TUERKIYE GAR.BANK.NAM.TN1TRY9.38
TREBIMM00018BIM BIRLESIK MAGAZALAR ASTRY8.68
TRAAKBNK91N6AKBANK T.A.S. TN 1TRY7.86
TRATUPRS91E8TUERK.PETROL RAFI. TN 1TRY4.97
TRASAHOL91Q5HACI OMER SABANCI TN 1TRY4.73
TRATHYAO91M5TURK HAVA YOLLARI ASTRY4.67
TRATCELL91M1TURKCELL ILETISIM TN 1TRY4.64
TREULKR00015ULKER BISKUVI SANAYI TN 1TRY4.32
TRETAVH00018TAV HAVALIMAN.HLDG TN 1TRY4.21
TRAEREGL91G3EREGLI DEM.CEL. NAM. TN 1TRY4.16

Percentage holdings by sector (2019/10/31)

28.22 %Financials
19.31 %Industrials
17.83 %Consumer Staples
9.59 %Materials
8.47 %Consumer Discretionary
5.03 %Energy
4.70 %Communication Services
4.30 %Real Estate
1.54 %Utilities
1.01 %Information Technology



Disclaimer

Full names of open Mutual funds are given in the fund statutes (prospectuses). Pursuant to rules applicable to collective investment, the manager informs that neither the current or expected performance will guarantee the future performance. Investment in investment certificates contains the risk that the current value of amount invested and yields on the amount will fluctuate; thus return on the amount invested is not guaranteed. All information provided herein is of informative nature only and it should not substitute the statute (prospectus) or give its overall summary. Before using this website/information for investment, you should consult consultants of Česká spořitelna. If any yield is mentioned in the reference material, you should always bear in mind that past yields will not guarantee future yields, that any investment is subject to the risk of value fluctuations and change of exchange rates, and that return on the amount invested or profit margin cannot be guaranteed.

Know-How

 
In our know-how area you can find all relevant details on the different types of bonds. The tutorial gives you selected information about the functionality of bonds and assists you in making your investment decision. In our glossary we explain the most important keywords and within the FAQ section you can find answers to the most common questions concerning this topic.

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Performance overview table

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Contact

 
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