INVL Asset Management, one of Lithuania’s leading asset management companies, has established the first closed-end umbrella fund intended for informed investors, the INVL Alternative Assets Umbrella Fund, and its subfund, the INVL Baltic Forests Fund I. They began operations on 13 February this year after the Bank of Lithuania approved the fund rules.
The investment products managed by INVL Asset Management, one of Lithuania’s leading asset management companies, earned positive returns in 2016. Gains were achieved by the eight 2nd and 3rd pillar pension funds and four mutual funds which the company managed throughout all of last year. The INVL Global Emerging Markets Bond Subfund, which launched in July, also had a positive performance.