As of end 2018 Avaron managed 386 million euros, out of which the core Emerging Europe listed equity strategy accounted for 376 million euros. Fixed income investments accounted for 1% of the total assets under management. The Company manages two mutual funds domiciled in Estonia, which are open to any investor that has a European bank account. Avaron Emerging Europe Fund (AUM €61M) is focused solely on Emerging Europe ex-Russia listed equities (UCITS V). Avaron Flexible Strategies Fund (AUM €10M) is an asset allocation fund combining predominantly Emerging Europe cum-Russia listed equities, fixed income and money market instruments but based on fund prospectus can invest globally (non-UCITS).
In addition to the Estonian domiciled mutual funds, Avaron provides sub-investment management services to third party funds and managed accounts. Investment management services to professional investors in the form of third party funds and managed accounts have been an increasing business line for the Company over the years and accounts now for more than 80% of the assets under management. The total size of institutional investors’ mandates in the end of 2018 was 310 million euros. Besides that Avaron also manages 5 million euros worth of portfolios for high net worth individuals.