INVL Asset Management clients enjoyed gains in 2016
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.
“In judging the results that were achieved, we first of all look at how our clients did. We’re pleased that despite challenges in the financial markets 2016 was successful for people who chose our company’s investment products,” said Vaidotas Rūkas, the Chief Investment Officer at INVL Asset Management. He attributed the funds’ performance to the fact that a suitable strategy was followed and the year ended well.
Most of the pension funds managed by INVL Asset Management were among the top performers in their categories in Lithuania, both on a 1-year and a 5-year basis, judging by the published results of the country’s funds for 2016.
The returns earned by the company’s pension funds last year ranged from 0.6% for the INVL Stabilo II 58+ fund, to 13.5% for the INVL III Equity fund (over the past 5 years these two funds had gains of 24.1% and 52.9%, respectively). The total assets under management of INVL Asset Management’s pension funds increased by 33.5% during 2016 – from EUR 196 million to EUR 261.6 million.
For the five mutual funds that the company manages in Lithuania, returns in 2016 ranged from 1.7% for the INVL Emerging Europe ex Russia TOP20 Subfund, to 74.9% for the INVL Russia TOP20 Subfund (over the past 5 years these funds had gains of 44.9% and 39.4%, respectively). The INVL Global Emerging Markets Bond Subfund, which started up in July 2016, also had good results, earning a return of 4.5% in its first half-year of operations.
The combined assets of the mutual funds which the group manages in Lithuania more than doubled during 2016 – from EUR 32.5 million to EUR 71.5 million, helped by ever-increasing involvement by investors from the Nordic countries and Germany. Total new foreign investments in the company’s mutual funds jumped from EUR 2 million in 2015 to EUR 18.2 million in 2016. Most of the company’s mutual funds are distributed in Latvia, Germany, Sweden, Finland, Norway and Denmark.
Companies in the Invalda INVL group manage pension and mutual funds, alternative investments, private equity assets, individual portfolios, and other financial instruments. According to the data of three quarters of 2016, they manage over EUR 440 million of assets entrusted to them by more than 170,000 clients in Lithuania and Latvia as well as international investors.
Details of fund performance in 2016 and over the past 5 years
Fund name |
Fund return during 2016 |
Fund return over
the past 5 years |
Return on the fund’s benchmark index during 2016 |
Return on the fund’s benchmark index over the past 5 years |
| INVL Asset Management pension funds |
| 2nd pillar |
| INVL EXTREMO II 16+ |
11.2 |
64.6 |
11.6 |
70.1 |
| INVL MEDIO II 47+ |
7.7 |
46.7 |
9.3 |
57.9 |
| INVL MEZZO II 53+ |
6.2 |
40.1 |
8.0 |
36.3 |
| INVL STABILO II 58+ |
0.6 |
24.1 |
1.4 |
13.5 |
| 3rd pillar |
| INVL III Equity |
13.5 |
52.9 |
30.3 |
45.4 |
| INVL EXTREMO III 16+ |
11.1 |
61.8 |
11.6 |
Applicable from
2013-01-01 |
| INVL MEDIO III 47+ |
7.6 |
44.8 |
9.3 |
Applicable from
2013-01-01 |
| INVL STABILO III 58+ |
3.9 |
29.9 |
3.8 |
29.4 |
| INVL Asset Management mutual funds |
| INVL Baltic Fund |
26.5 |
41.7 |
22.7 |
80.0 |
| INVL Emerging Europe ex Russia TOP20 Subfund |
1.7 |
44.9 |
5.5 |
1.5 |
| INVL Emerging Europe Bond Subfund |
5.4 |
35.4 |
7.0 |
39.4 |
| INVL Russia TOP20 Subfund |
74.9 |
39.4 |
57.5 |
2.5 |
| INVL Global Emerging Markets Bond Subfund |
4.5
(from 2016-07-01) |
– |
-2.2
(from 2016-07-01) |
|
Note: Past results for pension and mutual funds are no guarantee of future performance. Investing in funds entails assuming investment risk. The value of investments can both rise and fall. You may recover less than you invested. Fund return indicates the change in value of a unit of the fund. It takes into account deductions from assets, but not deductions from contributions, hence the net return is smaller. More information about the pension and mutual funds managed by INVL Asset Management UAB, their benchmark indexes, fund rules, prospectuses, key investor information documents, annual reports, risks associated with investing in the funds, and applicable fees are available on the website
www.invl.com.
