1 dear reader you are holding in your hands the second annual guide to investhyphenminus ing ukrainian equities is designed help understand how industries and companies performing ukraine we have prehyphenminus sented a wide array of provide broad perspective has been developed jointly by sigmableyzer ugf professionals established more than seven years ago one largest most experienced equity investors manages family funds first fund was launched 1996 two followed now there approximately hunhyphenminus dred million dollars under management undergone significant changes over past year it elected new president appointed prime minister rehyphenminuscommitted itself reform process even without imf assishyphenminus tance country should attain gdp growth 3 industrial 2000 privatization back on track as well with energy distributors ukrtelecom long considered attractive potential investments for close 2001 economic indicators generally favorable time since independence 1991 this