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Thema: Investieren in Ukraine aber wie (Fonds ?)

  1. #1

    Dabei seit

    Investieren in Ukraine aber wie (Fonds ?)

    Hallo liebe Finanzexperten,
    ich bin im Börsengeschäft mit Aktien und Fonds noch sehr neu.
    Und doch auch etwas Risikofreund. Drum möchte ich gern in die jetzt hoffentlich groß durchstartende Ukraine investieren. Wenn ich so bei meinem Online Broker Dienst (Consors) suche, finde ich zwar Ukraine Aktien aber kein einzigen Fond der zu größeren Prozenten in diesem Land investiert. Warum? Leider bieten die ganzen Webseiten keine Möglichkeit nach Fonds zu suchen mit Einschränkung Ukraine. Immer nur ganz allgemein Osteuropa. Warum ich lieber einen Fond der Region als einzelne Aktien hätte, da ich nicht genau wüsste welche und wann kaufen und wann verkaufen. Ich verfüge dafür denke ich über zu wenig Insiderwissen.

    Bin euch dankbar für jeden Tipp.
    Könnt euch auch gern melden unter: meissnerk@freenet.de

    Tschaui Karsten

  2. #2

    Dabei seit


    Fonds für die Ukraine

    Einen speziellen Länderfonds habe ich auch noch nicht gefunden. Einige der bekannten OE-Fonds sind aber dort auch schon investiert. Sicherlich wäre ein Fonds für die Ukraine, Bulgarien, Rumänien usw. am besten. Weitersuchen über *********** (im Netz) oder in den Foren.

  3. #3

    Dabei seit

    Ukraine Fonds

    Hallo Karsten,
    nach einem Fonds, der mit einem größeren Prozentsatz in der Ukraine investiert, habe ich auch schon gesucht. Aber da bin ich bei deutschen Fondsanbietern nicht fündig geworden. Die laufen wohl alle der Entwicklung hinterher und steigen erst ein paar hundert Prozent zu spät ein.
    Der einzige in dieser Hinsicht interessante Fonds ist von der schwedischen Gesellschaft East Capital. Der Fonds heisst East Capital Eastern European Fund (ISIN SE0000888208) und bringt es auf einen (mageren) Ukraine-Anteil von 5,2 %. Ich hab mich aber noch nicht näher mit den Formalitäten zur Abwicklung beschäftigt. Man müsste, so wie ich es verstanden habe, auf dem Postweg ein Depot in Schweden eröffnen.
    Am einfachsten ist wohl die Investition in Einzelaktien. Ich habe vor wenigen Tagen ein kleineres Investment in Ukrtelecom gewagt und warte bei Ukrnafta noch auf eine Kurskorrektur, bis ich einsteige.

  4. #4
    Premium-Mitglied Avatar von Hasi
    Dabei seit
    Lombard Odier Invests in Ukraine, Sees Reforms Boosting Returns

    Feb. 11 (Bloomberg) --
    Lombard Odier Darier Hentsch & Cie. is buying Ukrainian shares for its $275 million LODH Invest East Europe fund, gambling the election of President Viktor Yushchenko will increase Western European investment in the country.

    John Coast Sullenger, manager of the fund, said he added shares of steelmakers Mariupol Steel Plant and VAT Zaporizhstal Metal Plant and power producer Zakhidenergo. The fund gained 36 percent last year in dollar terms, exceeding the 32 percent return for the MSCI Eastern Europe Index, according to data compiled by Bloomberg.

    ``Yushchenko's victory is the catalyst that this market has been missing all these years,'' Sullenger, 36, said in an interview from his office in Geneva. ``The market looks incredibly bullish and we will be increasing our investments.''

    Ukraine's benchmark First Trading System Index, known as the PFTS, rose 31 percent this year through Feb. 9 to a record after tripling in 2004, the best performance in Europe. The country is the seventh-largest producer of steel, and benefited from last year's 50 percent rise in the metal.

    Yushchenko, who took office Jan. 23, vowed to boost economic growth and improve living standards in the country of 47 million. He replaced Leonid Kuchma, a one-time space engineer who ruled the former Soviet country for the last decade.

    Yushchenko, 50, was governor of the central bank in Kiev between 1993 and the end of 1999 before an 18-month stint as prime minister. Before taking office last month, he survived an assassination attempt and a two-month dispute over election results that first showed he lost.

    Herd Mentality

    Ukrainian holdings make up about 4 percent of the Lombard Odier fund, whose top three holdings are OAO Lukoil, Russia's largest oil producer, Mol Rt., Hungary's biggest oil company, and OTP Rt., Hungary's largest bank. Those three stocks account for 31 percent of the MSCI Eastern Europe Index. There are no Ukrainian stocks in the MSCI benchmark.

    Brokerages including Moscow-based Aton Capital Group are skeptical the market will yield the returns Sullenger is expecting.

    ``Investors are displaying herd mentality,'' Aton said in a Jan. 24 report. ``Ukrainian stocks surging on low volume looks like a bubble in the making.''

    Steely Returns

    Sullenger began trading Russian stocks in 1994 after finishing a degree in foreign affairs at the University of Virginia in Charlottesville three years earlier. He joined Lombard Odier to manage emerging market funds in October 1998, two months after Russia defaulted on $40 billion in domestic debt.

    The native of Lexington, Kentucky, said that enough Ukrainian companies are increasing profits to keep the market rising. Steel producers, for example, are helped by the combination of high prices and low domestic labor costs, he said.

    Benchmark hot-rolled coil export prices from the former Soviet Union are 13 percent higher than they were this time last year at $530 a metric ton, according to data from Metal Bulletin, an industry publication.

    Ukraine exports about 85 percent of its output, mainly to China, Southeast Asia and Africa. Ukrainian steel workers average $1 an hour compared with about $40 in the U.S., the world's third- largest steel producer, and $35 in Japan, the second-largest steel producer, according to Kiev-based brokerage Concorde Capital.

    `Real Potential'

    Shares of Mariupol, which is named after the city where it's based and is the nation's second-largest steel company, have gained 85 percent this year, adding to a 72 percent advance in 2004. Net income last year probably rose 81 percent to $279 million, according to estimates by Concorde.

    Zaporizhstal, the fourth-largest producer of the metal, has risen 35 percent this year after surging 16-fold in 2004. Profit at the company from Zaporizha in southern Ukraine probably rose 32 percent to $158 million, Concorde said in a report last month.

    A reputation for corruption has discouraged investment. Ukraine was tied for being the 122nd most corrupt country out of 145 nations in the 2004 Corruption Perceptions Index, published by Transparency International. The Berlin-based organization tracks measures such as bribery, election financing and how governments award contracts.

    Yushchenko said he may cancel the sale last year of the country's largest steelmaker, VAT Kryvorizhstal, to a business group led by former President Kuchma's son-in-law, a transaction Yushchenko described as the ``theft of state property.''

    Sullenger said he expects Yushchenko to enact enough reforms to push Ukraine westward, and stocks still higher.

    ``No one took the Ukraine seriously back in the 1990s, but the elections have given sentiment a massive boost,'' Sullenger said. ``There is real potential to create deeper ties with Europe.''

    To contact the reporter on this story:
    Todd Prince in Moscow at tprince2@bloomberg.net.

  5. #5

    Dabei seit

    Ukraine - Fonds

    Wer sich umsieht oder einfach nur Google benutzt, findet eine ganze Reihe von Investmentfonds für die Ukraine. In der aktuellen Financial Times wird sogar ein Ukraine-Fondsmanager erwähnt, der einigen Schlaumeiern hier wieder die Zornesröte ins Gesicht treiben wird. Aber wenn Dich das nicht stört oder Du einfach statt dummer Board-Sprüche lieber auf Performance zählst, dann kannst Du Dich da ja auch mal umschauen. Ich persönlich meide dennoch Fonds, auch wenn es ein wirklich guter ist – irgendwie mag ich über mein Geld selbst bestimmen.

    Orange Revolution acts as beacon to investors
    By Tom Warner
    Published: February 16 2005 02:00 | Last updated: February 16 2005 02:00

    Standing between rows of transmission shafts on the expansive shop floor of a Ukrainian truck factory, Stefan Laxhuber, a German fund manager, watches intently as workers bolt the different pieces that make up a drive train on to big steel frames gliding slowly down the production line.
    "Some of their processes are very modern, and some are not," observes Mr Laxhuber. He was one of about 20 western European fund managers who recently took an excursion into Ukraine's industrial hinterland guided by Concorde Capital, a local brokerage keen to encourage foreign investment.
    They hope to be in the vanguard of a new wave of foreign investment in Ukraine, long one of the most overlooked markets of eastern Europe.
    They are betting that Ukraine's new pro-western president, Viktor Yushchenko, will move quickly to implement the sweeping economic liberalisation he is promising. Concorde calls it "Investing Orange", after the Orange Revolution that helped to bring Mr Yushchenko to power.
    The fund managers' first stop was AvtoKraz, a factory in Kremenchuk, central Ukraine, which makes super-heavy trucks that look as if they could have driven out of the 1970s. The company is growing quickly thanks to the recovering regional economy and a contract to supply 2,000 trucks to the Iraqi army.
    Mr Laxhuber started buying Ukrainian equities in 2003, and since then they have doubled or tripled in value. "I'm looking to increase the Ukraine weight in my fund," he says.
    Yesterday another group of more than 100 investors descended on Kiev for a conference organised by Renaissance Capital, a Russian investment bank that last year opened a branch office in Kiev. Some of the investors were due to fly out to the eastern city of Dnipropetrovsk to visit a rocket factory and a steel pipe mill.
    Tomas Fiala, managing director of Dragon Capital, a Ukrainian brokerage, says he sees most foreign investment falling into two broad categories. Some investors want to produce goods for the domestic market, which is growing rapidly: gross domestic product rose 12 per cent last year. Others see Ukraine as a low-cost production base with easy access to the European Union market. European clothes makers and contract manufacturers are shifting production into Ukraine's western regions, just across the new EU border.
    The task for Mr Yushchenko's new government will be to translate the curiosity shown by investors such as Mr Laxhuber into a sustained increase in inward investment.
    Foreign direct investment (FDI) doubled from $690m (€532m, £366m) in 2002 to $1.4bn in 2003, but remained flat in 2004.
    The Economist Intelligence Unit forecasts FDI will reach $1.9bn in 2005. But Mr Fiala predicts it will reach $3bn. And he says it could be pushed higher by one or more big deals, such as an expected resale of Kryvorizhstal, the country's largest steel mill.
    Production of mass commodities such as steel and chemical fertilisers is the lifeblood of Ukraine's economy, and these remain largely insider-dominated sectors. Close ties between the dominant business groups and the former government scared off potential investors and led producers in the European Union to demand protection from what they saw as unfair competition. As a result, Ukraine sells most of its exports to other emerging markets, especially Russia, China and the Middle East.
    Mr Yushchenko hopes his democratic credentials will help to pry back open the doors to EU markets. He says he is determined to shift the economic base from commodities to higher-value-added products.
    But many Ukrainian companies are ill prepared to break into western markets. AvtoKraz, for example, sells its old-fashioned trucks mainly to developing countries, where budgets are small and roads are bad.
    Concorde is hoping to persuade AvtoKraz's owners to sell a stake of 25 per cent plus one share, which would give the minority owner a veto over major company decisions. Such a deal, worth up to $25m, would not change AvtoKraz's world Mr Fiala says the company would need an investment of at least $200m to compete against the big freight truck makers. But it would be a first step.

  6. #6

    Dabei seit

    Wie heisst der Fonds ?

    HänschenKlein: Weisst Du wie der Fonds heisst und wo bzw. wie er erworben werden kann? Unter *********** bzw. o s t i n v e s t o r ist ja nichts zu finden und unter dem Namen des Fondsmanagers im Internet auch nicht.

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