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Welcome to RenAsset Management.

RenAsset Management (formerly known as Renaissance Asset Managers) is a specialist Emerging and Frontier markets institution with leading franchises in Eastern Europe, Turkey, Africa and Global Frontier markets.

With investment offices in London, Moscow, Istanbul and Johannesburg, we combine the investment rigour of the largest names in asset management with the bottom-up stock picking expertise of a local manager.

Before entering this site you should read and agree to the warnings and disclaimers below and accept to comply with the terms and conditions set forth therein.

The information on this website is for information purposes only.

Access to this site is restricted to Non-U.S. Persons outside the United States within the meaning of Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act"). Each person accessing this site, by so doing, acknowledges that: (1) it is not a U.S. person (within the meaning of Regulation S under the Securities Act) and is located outside the U.S. (within the meaning of Regulation S under the Securities Act); and (2) any securities described herein (A) have not been and will not be registered under the Securities Act or with any securities regulatory authority of any state or other jurisdiction and (B) may not be offered, sold, pledged or otherwise transferred except to persons outside the U.S. in accordance with Regulation S under the Securities Act pursuant to the terms of such securities. Neither Renaissance Asset Managers nor any fund managed by Renaissance Asset Managers is registered under the United States Investment Advisers Act of 1940, as amended (the "Advisers Act").

The information on this website must not be accessed by, acted on, or relied on by persons in Russia who are not qualified investors within the meaning of Russian Securities Market Federal Law. Within Russia, only qualified investors may act on the investment or investment activity to which the information on this website relates.

Viewing the information on this website is restricted to Professional Investors only and may not be lawful in certain other jurisdictions. In further jurisdictions, only certain categories of person may be allowed to view such information. Any person who wishes to view the information on this website must first satisfy himself or herself that he or she is not subject to any local requirements which prohibit or restrict him or her from doing so. If you are not permitted to view the information on this website or are in any doubt as to whether you are permitted to view the information, please exit this website.

The information on this website should not be construed an offer or solicitation to sell shares in any company or fund or their securities, by anyone in any jurisdiction in which such offer, solicitation or distribution would be unlawful or in which the person making such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation.

Descriptions of any company or fund or their securities or the markets or developments mentioned herein are not intended to be complete. The information on this website should not be regarded by recipients as a substitute for the exercise of their own judgment and has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. All information and opinions on this site are subject to change without notice, and Renaissance Asset Managers (Guernsey) Limited and its subsidiaries or affiliated companies, as appropriate ("Renaissance Asset Managers") are under no obligation to update or keep current the information contained on this site and accept no liability in respect of the accuracy or completeness of any information herein.

This document contains certain forward-looking statements with respect to Renaissance Asset Managers' strategies or expectations. Forward-looking statements are typically identified by words or phrases such as "trend," "potential," "opportunity," "believe," "expect," "anticipate," "estimate," "position," "assume," "outlook," "continue," "remain," "maintain," "sustain," "seek," "achieve," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," "may" or similar expressions. Renaissance Asset Managers cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and Renaissance Asset Managers assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

The price of securities and any income generated from them can go down as well as up and you may not get back the amount invested. In considering the prior performance information contained herein, prospective investors should bear in mind that past performance is not necessarily indicative of future results, and that there can be no assurance that the comparable results will be achieved. The information contained on this site may not be reproduced, distributed or published, in whole or in part, for any purpose without the written permission of Renaissance Asset Managers. Renaissance Asset Managers accepts no liability whatsoever for the actions of third parties in this respect.

This website is operated and issued by Renaissance Asset Managers (Guernsey) Limited which is licensed to carry on controlled investment business under the Guernsey Financial Services Commission (GFSC); Reference Number 2008335.

Renaissance Asset Managers (UK) Limited, an affiliate of Renaissance Asset Managers (Guernsey) Limited, is authorised and regulated by the Financial Services Authority ("FSA") in the United Kingdom ("UK"); Firm Reference Number 451343.