June 21, 2019

Fund Manager Chat: Emerging Europe Equities, Aziz Unan–Mori Capital

by Jake Moeller.

In this #FundManagerChat podcast, Aziz Unan, founder of Mori Capital and manager of the Mori Ottoman Fund and the Mori Eastern European Fund outlines the case for Emerging European equities.

Aziz outlines the unique opportunities of his investment universe and discusses some of the risks inherent in Emerging Europe equities. He provides an outline of how his portfolio is currently positioned, why he is overweight Turkey and why he is currently holding a significant amount of cash in this portfolio.

He also outlines the possible implications to his portfolio due to U.S. interest rate policy and outlines how this portfolio could perform in different macroeconomic environments.

Running Order

Run Time Topic
00:20 Outline the philosophy and process of the Mori Ottoman Fund
01:30 Why should investors consider exposure to Emerging Europe equities?
04:10 Outline your investment universe and the types of risk unique to Emerging Europe equities
06:38 Explain your overweight to Turkey
07:50 Where else are you finding ideas for your portfolio? What areas are you avoiding?
09:50 Explain your high cash holding in the portfolio
12:50 What potential impact could US interest rate policy have on your portfolio?
15:00 How should you portfolio perform in different types of markets?


Aziz is chatting with Jake Moeller, Head of Lipper UK and Ireland Research at Refinitiv, via telephone on June 19, 2019.

About Aziz Unan

Aziz Unan, Mori Capital

Aziz Unan, Mori Capital

With more than 22 years of investment experience, Aziz has been managing Mori Ottoman Fund (formerly known as Griffin Ottoman Fund) since its inception in January 2006 and Mori Eastern European Fund (formerly known as Griffin Eastern European Fund) since 2015.

Aziz started his finance career as an equity analyst at Erste Bank in 1996. He was the Head of Research at Wood & Company between 2002 and 2004 covering Emerging European equities.

Aziz joined Griffin Capital Management in 2005 as a portfolio manager. He founded his own boutique Mori Capital Management in 2015 and continues to manage the Eastern European and Ottoman Funds under Mori since then.

Aziz holds a BA in Business Administration from the Anglo-American University.

Lipper delivers data on more than 265,000 collective investments in 61 countries. Find out more.

This material is provided for as market commentary and for educational purposes only and does not constitute investment research or advice. Refinitiv cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided in this publication or from any other source mentioned. Please consult with a qualified professional for financial advice. The author does not own shares in this investment.

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