Investment managers of the asset management company INVL Asset Management will be managing 14 asset-based investment categories of unit-linked life insurance where investment risks pass onto the insurer on behalf of PZU Lietuva gyvybės draudimas. Their total value is over €11.7m. In total, PZU Lietuva gyvybės draudimas offers its clients to choose from 15 asset-based investment categories.
On April 13, according to the agreement signed with PZU Lietuva gyvybės draudimas, 7 new asset-based investment categories have been added to the investment portfolio managed by INVL Asset Management, which so far is comprised of over €7.6m in assets.
“Investment management successes are inseparable from reliability and effectiveness and that is why the things that mattered in selecting partners to work with in this area were the quality of services and experience too. Another no less important factor was trust, which comes from the long-term collaboration with INVL Asset Management,” spoke Gražina Niaurienė, Head of the Investment Management Division at PZU Lietuva gyvybės draudimas.
“To us, investment management is a long-term process. For over a decade now, our team of dedicated professionals has been successfully managing INVL Asset Management pension funds, which are among the best performing funds in Lithuania. We believe that we will be able to make use of our extensive experience as best as possible and manage a wide spectrum of asset allocation categories offered by the insurance company, which include some of the more specific asset classes such as gold, raw materials or Asia or Oceania stock,” said Tomas Krakauskas, Director of the Investment Management Department at INVL Asset Management.
As of April 13, INVL Asset Management will assume the management of the following unit-liked life insurance investment categories: Western Europe shares, Lithuanian Government bonds denominated in the euro, Asia and Oceania shares, Government bonds denominated in the euro, Emerging Europe shares, BRIK shares and Global world shares.
PZU Lietuva gyvybės draudimas and INVL Asset Management have been working together since 2008 when the latter started managing three unit-linked life insurance directions for PZU Lietuva gyvybės draudimas. Soon after the portfolio managed was expanded further by adding 7 more categories: High Yield bonds, Developing world shares, Raw materials, Variable strategy, Global markets shares, Mixed bond and shares and Gold.
INVL Asset Management manages eight pension funds and five investment funds. The company is part of one of the leading asset management groups in the Baltic States Invalda INVL. Companies of the group manage pension and investment funds, alternative investments, private portfolios, private capital and other financial instruments. Over 150,000 clients across Lithuania and Latvia, as well as international investors trusted the group with assets worth over €300m.
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.