Value of ABLV mutual funds’ assets exceeded EUR 75 million

Riga, Latvia, May 9, 2013, 14:29 / Investments

The first four months of 2013 have been successful for open-end mutual funds managed by ABLV Asset Management, IPAS, and as at the end of April this year the total value of their assets exceeded EUR 75 million. Currently, 6 mutual funds are available to our customers, including 4 bond funds and 2 stock funds.

During four months of this year, total value of our mutual funds has increased by more than 52%, i.e., approximately EUR 27 million. The growth of the funds’ value was due to increasing interest in financial markets and customers more and more willing to diversify their investment portfolios by acquiring shares of ABLV funds.

Performance of ABLV open-end mutual funds as at 30.04.2013


Currency of the fund Fund’s assets (‘000) Increase in assets
over 4 months 2013
1-year return
(as at 30.04.2013)
Government bond funds
ABLV Emerging Markets USD Bond Fund USD 28 201 43% 10.90%
ABLV Emerging Markets EUR Bond EUR 15 689 123% 10.28%
Corporate bond funds
ABLV High Yield CIS USD Bond Fund USD 32 149 50% 12.50%
ABLV High Yield CIS RUB Bond Fund RUB 85 612 35% 7.46%
Stock funds
ABLV Global USD ETF Fund USD 13 200 19% 4.99%
ABLV Global EUR ETF Fund EUR 3 482 23% 4.71%

Source: NASDAQ OMX

Up-to-date information about performance of ABLV open-end mutual funds is available at our home page www.ablv.com, as well as the Baltic Stock Exchange NASDAQ OMX.