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SEB Russia Fund

SEB Russia fund Monthly report as of December 31, 2018. Past performance does not guarantee future performance. The value of investment Key facts funds and other financial instruments may rise as well as fall and there is no guarantee you will recover your original investment. Key investor information documents and fund Manager Pavel Lupandin AS SEB Varahaldus prospectuses are available on Year of launch 2006. Value at launch December was a very volatile month. The Russian RTS dollar index was compared to (EUR). the previous month. Oil dropped -35% when the markets failed to calm down despite OPEC fund Management SEB Investment Management reducing its commitments. Additionally, the ruble weakened at the end of the year as Company AB. weaker oil prices finally started to affect the currency. Risk Level (SRRI- 7 - High Risk1. scale 1-7). Although the fund underperformed the index in 2018, it was up in absolute terms in EUR.

Monthly report as of December 31, 2018 SEB Russia Fund Past performance does not guarantee future performance. The value of investment funds and other financial instruments may rise as well as fall and there is no guarantee

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