Last year Lithuanian residents’ opportunities to save and invest grew, and significantly more people think their financial situation improved over the past three years. According to the Lithuanian Investment Index compiled by INVL Asset Management, one of the country’s leading asset management firms, in 2018 the biggest return was had by those who invested in rental housing. That asset class last year had a return of 8.1%. It overtook shares of Lithuanian companies, the country’s best-performing asset class in 2016 and 2017, which last year had a negative return of -5.6%. The return on deposits remained at zero for a fourth year in a row, and the return on long-term Lithuanian bonds decreased slightly to 0.3%, falling short of the 2.5% rate of inflation.
The INVL Emerging Europe Bond Subfund managed by INVL Asset Management, one of Lithuania’s leading asset management companies, earned the highest honours at the 2019 Lipper Fund Awards from Refinitiv. It was recognised for the best risk adjusted performance over three- and five-years among funds classified as Bond Emerging Markets Europe and distributed in Germany. A total of 12 investment funds were assessed over the respective time periods in that classification.