Karoll - Advance Emerging Europe Opportunities

Advance Emerging Europe Opportunities is a sub-fund of the Luxembourg umbrella Karoll SICAV, whose investment portfolio is managed by Karoll Capital Management. The fund invests in shares of companies from Central and Eastern Europe, primarily in Poland, Czechia, Hungary, Austria, Slovenia and the Baltics. The fund’s objective is to provide capital appreciation by realizing capital gains in the long run at a moderate to high risk.

The fund’s strategy consists of selecting individual stocks of companies from Central Europe – mainly from Poland, Czechia, Hungary, Slovenia and the Baltics, as well as in Austrian companies, whose revenues are generated mostly in the region. The fund also seeks to actively participate in IPO transactions in the region. The fund also invests in shares of companies operating in CEE that are listed on other exchanges in the EU or outside it.

Our investment specialists assess the macroeconomic environment and prospects at the country and sector level, but when constructing the portfolio the focus is on bottom-up stock selection. This process includes an analysis of the companies' financial strength, their growth potential, the management quality, as well as the share price upside potential. Investment decisions are guided by a combination of fundamental analysis and regular interaction with portfolio companies. The investment horizon is long-term, while maintaining strict discipline to effectively manage concentration and liquidity risks.