Finasta Asset Management
Pension plans of the IPAS Invalda Asset Management Latvia- leaders of the year 2009 in Latvia.
Invalda Asset Management Latvia / Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Pension plans of the IPAS Invalda Asset Management Latvia- leaders of the year 2009 in Latvia. Riga, 13th of February 2009. Year-To-Date return for IPAS Invalda Asset Management Latvia managed second pillar pension plan with a conservative investment policy at the moment is 2.99%. This is the highest return among analogous pension plans in Latvia. The return was achieved by various factors, firstly - the structure of the pension plan portfolio was changed i.e. comparatively large proportion of the portfolio is allocated within money market instruments. Also we are actively trying to take advantage of the possibilities which are available within financial markets in the current situation., said Andrejs Martinovs Invalda Asset Management Latvia fund manager. Year-To-Date Return for Invalda Asset Management Latvia managed pension plan Invalda universlais ieguldjumu plns is 2.95%. This is the second best result among active pension plans in Latvia. About Invalda Asset Management Latvia Invalda Asset Management Latvia IPAS is an asset management company controlled by Invalda, one of the largest financial groups in Lithuania. In 2008, Invalda acquired a 100% stake in Baltikums Asset Management IPAS, which has operated in Latvia since 1998, from Latvian bank Akciju komercbanka Baltikums and transferred a stake in Finasta Asset Management to the bank. Later the name Baltikums Asset Management was changed into Invalda Asset Management Latvia. The activities of Invalda Asset Management Latvia are oriented towards active investment and pension fund management. Invalda Asset Management Latvia manages three open-end investment funds Baltic Index Fonds, Valsts Obligcijas Fonds and Internacionlo Akciju Fondu Fonds, two closed-end investment funds taken over from Finasta Asset Management, namely Fund Beta and Fund Gamma, and two second pillar pension plans, namely Conservative Investment and Universal Investment pension plans. News Source: NASDAQ OMX 13.02.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Invalda Asset Management Latvia Latvia Phone: Fax: E-mail: Internet: ISIN: LV0000400034 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found