The Central and Eastern Europe Fund, Inc., also called Central & Eastern Europe Fund, is a non-diversified, actively-managed closed-end fund. The fund seeks long-term capital appreciation primarily through investment in equity or equity-linked securities of issuers domiciled in Central Europe, Russia and Turkey. Read More It is advised and administered by wholly owned subsidiaries of the Deutsche Bank Group. The fund is non-diversified and can take larger positions in fewer issues, increasing its potential risk. Investing in foreign securities presents certain risks, such as currency fluctuations, political and economic changes, and market risks. Central Europe, Russia & Turkey Fund was founded on March 6, 1990 and is headquartered in New York, NY.