Skarbiec Holding: Termination of coverage
Due to a reallocation of resources, Haitong Research is terminating coverage of Skarbiec Holding (SKH PW). Effective upon this termination of coverage, our last recommendation, fair value and estimates should not be relied upon going forward.Skarbiec Holding SA is a Poland-based company engaged in the field of investment management. The Company's product portfolio comprises: open end funds, such as Skarbiec Akcja, Skarbiec Lokacyjny and Skarbiec Akcji Nowej Europy; closed end funds, including Skarbiec Rynku Nieruchomosci; fund of funds, offering investment in Skarbiec Top Funduszy Akcji, and Skarbiec Top Funduszy Stabilnych, among others; and a number of pension funds. Its products are primarily based on equities and bonds. Furthermore, It provides portfolio and asset management services that are aimed at high net worth individuals (HNWI), as well as corporate and institutional customers. The Company operates through a subsidiary, named Skarbiec TFI SA.
Haitong is the first international Chinese investment bank and our goal is to be the primary channel for capital flows into and out of China. During 2015 the Senior Management Team in London was expanded significantly to focus on this objective and to provide a full-service cross-asset markets business coupled with sector-focused investment banking. We work closely with our world-wide network of offices to bring a true depth of understanding to all client situations.
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