INVL Asset Management decided to dissolve (liquidate) INVL Russia ex-Government Equity Subfund. The sale, redemption, and exchange of units of the Subfund, seeking to protect the interests of participants, were suspended from 1 March 2022. After making the decision on liquidation the sale, redemption, and exchange of units of the Subfund are terminated (indefinitely).
INVL Asset Management also notes that in light of the current situation it remains difficult to reliably predict the timing for realizing the subfund’s remaining financial instruments and distribution of cash holdings as well as it is not yet possible to forecast the final date of the subfund‘s liquidation. For these reasons the management company decided to carry out the settlement with the participants of the subfund in several stages until all the assets of the subfund are realized and the received funds are distributed to the participants.
The first distribution of free cash holdings of the subfund, by proportionally redeeming respective amount of investment units from all the participants of INVL Russia ex-Government Equity Subfund, was made on 31 August 2022. The information about the distribution of the remaining funds and the final date of termination of the subfund will be announced on the website www.invl.com.
Final distribution of cash holdings of the subfund to the participants was made on 25 May 2023.
INVL Asset Management will not apply the management fee specified in the rules of the subfund for the period from the suspension of the subfund’s activity.
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INVL Russia ex-Government Equity Subfund investments are concentrated on shares of 15 to 25 Russian companies that have been evaluated by the Subfund’s managers as the most attractive (except state-controlled enterprises. It is considered that the state control is in the company by owning more than 20 percent of the shares). The investment is aimed at maximizing the return on investment in shares of Russian companies and assumes a high risk of fluctuations.
The Fund’s name until 17 February 2016 was Finasta Russia TOP20 Subfund.
The Fund’s name since 18 February 2016 until 30 June 2021 – INVL Russia TOP20 Subfund.
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Basic data
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Start of operations
2010-10-29
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Manager
INVL Asset Management
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Newest Data
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Date
2023-05-22
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Unit value
21,8669 EUR
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Net assets
0,00 EUR
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Change in value
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1 day
+42,33 %
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1 month
+42,33 %
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3 months
+42,33 %
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1 year
-18,37 %
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Fees
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Management fee
1,50 %
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Distribution fee
2,00 %
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Success fee
20,00 %
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Sub-fund change fee
0,25 %
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| Start of operations | 2010-10-29 |
| Minimum investment amount | 0 EUR |
| Minimum recommended investment period | more than 5 years |
| Risk value | High |
| Manager | “INVL Asset Management” |
| Umbrella fund which includes subfund | „INVL Umbrella Fund” |
| Goal of subfund | To achieve maximum return on investment in shares of Russian enterprises that are not owned by the government. |
| Region | Russia and other CIS countries |
The weights of complex benchmark index have been selected with the main purpose of reflecting the Fund’s investment strategy (types and weights of investments) and strategic investment distribution, which are both set in the rules.
As of 15 January 2020
100% MSCI Russia 10-40 Net Total Return EUR Index (MN40RUE INDEX)
As of 29 October 2010
100% Russian Trading System Cash Index (RTSI$ Index) (converted into EUR)
More about the benchmark index or the component indices read here.
INVL Russia ex-government Equity Subfund key investor information (in English)
INVL Russia ex-government Equity Subfund key investor information (in Danish)
INVL Russia ex-government Equity Subfund key investor information (in German)
INVL Russia ex-government Equity Subfund key investor information (in Latvian)
INVL Russia ex-government Equity Subfund key investor information (in Norwegian)
INVL Russia ex-government Equity Subfund key investor information (in Swedish)
Past performance of the investment fund shows only its performance in the previous period. Past results do not guarantee future results. If the return on investment was positive in the past, it will not necessarily be so in the future, since the value of investments can both rise and fall. The management company does not guarantee the profitability of investments. The latest values of investment fund units are published at www.invl.com.
Before making an investment decision, you should individually or with a help of investment consultants assess the selected fund’s investment strategy, applicable fees and all investment-related risks. You should also carefully read the fund’s rules, prospectus and Key Investor Information Document. All funds have benchmark indices which are chosen to reflect as precisely as possible the investment strategy (types and weights of investments) and the strategic investment distribution, which are both set in the fund’s rules and prospectus.
All the information presented is of a promotional nature and cannot be construed as a recommendation, offer or invitation to invest in investment funds managed by INVL Asset Management. The information provided here cannot serve as a basis for any subsequently concluded agreement. Although this information of a promotional nature is based on sources which are considered to be reliable, INVL Asset Management is not responsible for any inaccuracies or changes in the information, or for any losses that may incur when investments are based on this information.
INVL and Šiaulių bankas merged their retail services as of 1 December 2023.
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INVL and Šiaulių bankas merged their retail services as of 1 December 2023.