INVL Asset Management fund manager’s Russian equity returns nearly double the industry average

Citywire, the international asset management analysis service, identified INVL Asset Management’s Dainius Bložė as the fund manager who has most consistently outperformed peers in the Russian equity markets, achieving roughly double the average return of other equity investors in the region in the 5 years to August. It said 46 fund managers currently work in the sector.

Among the 34 fund managers active in Russian equities for the full 5 years, the average investment return achieved for period August 2011 to August 2016 was 47.35 per cent. The INVL Russia ex-government Equity Subfund managed by Dainius Bložė, who is AA-rated by Citywire, did nearly twice as well, with a return for the period of 80.74 per cent.

Dainius’s best performance was in 2015/16, when the fund he manages returned 29.79 per cent. The average manager earned an annual return of 19.75 per cent in the same one-year period.

This is not the first such recognition for the INVL Asset Management fund manager: in August this year Citywire name him one of the three best-performing fund managers among all those actively investing in the Russian market. That was based on his performance for the 5-year period to July 2016.

Dainius Bložė has run the INVL Russia ex-government Equity Subfund since its launch in October 2010. The fund invests in the 15-25 Russian stocks identified by fund managers as most attractive. Its goal is to achieve a maximum return on investments in the shares of Russian companies, and a large fluctuation risk is assumed. As of 7 October this year, the fund had 14 million euros of assets under management.

Altogether, INVL Asset Management runs five mutual funds and eight pension funds, also managing private portfolios and private equity assets. The company ranked 1st in Lithuania at the end of the first half of 2016 for number of participants of mutual funds registered in the country, with a market share of nearly 47 per cent, according to Bank of Lithuania data. That means nearly one of every two market participants had chosen the mutual funds that it manages.

INVL Asset Management is part of Invalda INVL, one of the Baltic region’s leading asset management groups. Companies in the group manage pension and mutual funds, alternative investments and individual portfolios as well as private equity and other financial instruments. More than 170,000 clients in Lithuania and Latvia as well as international investors have entrusted them with over 370 million euros of assets.

Citywire provides news, information and insight for professional fund advisers and investors throughout the global asset management industry. For more information about Citywire’s acknowledgements, see their  July assessments and August assessments.