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LHV Persian Gulf Fund

Monthly overview

If you would like to receive monthly reports, please inform LHV customer support.

Investment Strategy

LHV Persian Gulf Fund invests in listed equities in the GCC (Gulf Cooperation Council) region: mostly Qatar, Kuwait, United Arab Emirates, Bahrain and Oman.

As growth and opportunity is seen outside the energy sector, the majority of the fund’s assets are invested in banking, insurance, infrastructure, communication, construction, power and water sectors.

Why is GCC an attractive investment region?

- Investment based economic growth funded by huge current account surpluses and accumulated wealth.

- Emergence of a hub between East and West (regional center for many global corporations)

- Reforms supporting the development of free market (recently opened boarders to foreign investors)

- Region has natural competitive advantage in energy-intensive industries

- Strong balance surplus and low government debt (less dependent on global financial markets)

- Diversification benefits for global investors (also embedded currency revaluation play)

News 

In order to place a standing order, please contact our Customer Support by phone +372 6 800 400 or e-mail info@lhv.ee.

BUY / SELL

Issue Price: 6,9166 EUR
Net Asset Value: 6,7810 EUR
Redemption Price: 6,7132 EUR

Key Statistics

Publicly offered: Estonia, Latvia, Lithuania
Management Company: AS LHV Varahaldus
Fund Manager: Oliver Ait
Type: UCITS
A-units

Nominal value: 10 EUR
ISIN: EE3600095287
Registrar: LHV Pank

B-units

Nominal value: 100 EEK
ISIN: EE3600095295
Registrar: EVK

Established: 1/10/2008
Launched: 2/13/2008
Fees:

Issue Fee 2%
Management Fee 1,75%
Redemption Fee 1%
Success Fee 15% with HWM and hurdle rate 10% per annum

Depositary: Swedbank
Management Company's participation: 30,000 A-units

Documents

Presentation >
Fund Rules >
Prospectus >
Simplified Prospectus > 

Reports

August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008 

Annual Reports

Annual Report 2008

NAV and yield as of 07.09.2010
NAVYield
1d1mYTD1y3y*5y*
LHVGULFA 6.7810 EUR0.01%3.89%8.84%2.57%
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* Yields for periods longer than one year are annualized.