Alpcot Capital Management announced Tuesday, February 21st launch of the first actively managed equity exchange-traded fund (ETF). The
physically-backed fund Alpcot Active Greater Russia aims to achieve long-term capital appreciation through investing in the securities of issuers
based in the 'Greater Russia' region, i.e. Russia and other CIS region states. The Luxembourg-domiciled UCITS IV - compliant fund today lists its
ETF Share Class on NASDAQ OMX in Stockholm, and is targeting retail and institutional investors locally, but is also open to professional investors
across Europe. Alpcot Active is organised as an investment company registered under Part I of the Luxembourg law of 17 December 2010 on
undertakings for collective investment.

The fund combines active management of its holdings with the liquidity, transparency and tradability benefits of an ETF. The fund's portfolio is
separated into disclosed portfolio securities (DPS) and non-disclosed portfolio securities (NDPS). Alpcot will daily disclose the portfolio's DPS, which will typically amount to as much as 80 per cent of the portfolio, but will not reveal the NDPS on a daily basis.

AgroInvest comment: Natural outcome of the rapidly growing agricultural sector in CIS region is establishment of such fund. We expect further
increase of capital flows in this field over the next year.
 

AgroInvest