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Callander Fund - Central Europe & Callander Fund South Eastern ...

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Weekly fund flow data: Remarkable in 2011 so far!<br />

mln. USD U<br />

500<br />

400<br />

300<br />

200<br />

100<br />

0<br />

-100<br />

-200<br />

-300 300<br />

-400<br />

-500<br />

2005 2006 2007 2008 2009 2010 2011<br />

Source: EPFR; Wood; 2011 shows ytd data<br />

20<br />

Global EM Total EM <strong>Europe</strong> Russia<br />

In Q1 we witnessed an extreme<br />

shift in investor activities in<br />

Russia.<br />

Russia benefited among other<br />

things from the geopolitical<br />

setting.

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