INVL Asset Management implements strategic changes in several harmonised funds it manages

INVL Asset Management, one of the leading asset management companies in Lithuania, seeking to increase the operating efficiency of the funds it manages and ensure the highest quality of services, is implementing strategic changes in several harmonised funds that it manages. The changes were authorised by the Bank of Lithuania on 26 April 2021.

The INVL Emerging Europe Bond Subfund is becoming a feeder fund which invests up to 100% but no less than 85% of its net assets in the INVL Emerging Europe Bond Fund, a master investment subfund established together with partners in the Grand Duchy of Luxembourg.

“These changes will make it easier for foreign institutional investors to choose to invest in the bond fund we manage that invests in Central and Eastern European countries. Those investors’ interest in our funds has grown enormously in recent times,” said INVL Asset Management Chief Investment Officer Vaidotas Rūkas.

According to Vaidotas Rūkas, the investment decisions of the master subfund set up in the Grand Duchy of Luxembourg will be made by the management company INVL Asset Management’s team of fund managers, so the subfund’s strategy will coincide in its basic focus with the current investment strategy of the INVL Emerging Europe Bond Subfund.

Considering its clients’ needs, INVL Asset Management has also decided to adjust the investment strategy of the INVL Russia ex-government Equity Subfund, narrowing its scope of potential investments by excluding investments in the shares of state-controlled companies from its investment strategy.

The aim is to invest in non-state-owned enterprises managed more efficiently and more transparently and therefore more attractive over the long term. Under the new strategy, more will be invested in new economy businesses (information and financial technologies, e-commerce, etc.), whose economic weight and significance are rising swiftly. In the management company’s assessment, over the long run the growth potential of private-owned companies should be greater and the subfund’s portfolio itself more stable.

Because of these changes, the INVL Russia ex-government Equity Subfund’s name is being changed to “INVL Russia ex-Government Equity Subfund”.

At the same time, other changes are also being made, regarding which more information is provided at https://www.invl.com/. All the changes will take effect as of 30 June this year.

INVL Asset Management currently manages four harmonised investment funds and subfunds: the INVL Baltic Fund, the INVL Emerging Europe Bond Subfund, the INVL Global Emerging Markets Bond Subfund, and the INVL Russia ex-government Equity Subfund.

 

About INVL Asset Management

INVL Asset Management, one of the leading asset management companies in Lithuania, is part of the Invalda INVL group, whose companies manage pension and mutual funds, individual portfolios, and private equity and other alternative investments. Over 240,000 clients in Lithuania and Latvia and international investors have entrusted the group’s companies with managing EUR 1.2 billion of assets. In operation since 1991, Invalda INVL has built up 30 years of solid experience in the management of private equity assets and the development of market players that are leaders in their fields in the Baltic region and in Central and Eastern Europe.