Charlemagne European New Frontiers Fund February 2009 (Click for PDF)

The region across which the Charlemagne European New Frontiers Fund invests has been hit by the latest turn in the global financial crisis, with the spotlight of attention focussed upon its financial stability, leading to some significant share price falls in affected sectors. The Fund has however managed to limit its losses as a result of some exceptional share price gains in a couple of its preferred stock selections. Over the month as a whole, the Charlemagne European New Frontiers Fund saw its value fall by just 2.7%.