The INVL Emerging Europe Bond Subfund managed by INVL Asset Management, one of Lithuania’s leading asset management companies, earned the highest honours at the 2019 Lipper Fund Awards from Refinitiv. It was recognised for the best risk adjusted performance over three- and five-years among funds classified as Bond Emerging Markets Europe and distributed in Germany. A total of 12 investment funds were assessed over the respective time periods in that classification.
Lipper Fund Awards have been honouring funds and fund management firms for more than three decades. They recognise funds that achieve consistently strong risk-adjusted performance relative to their peers. The awards are based on Lipper Leader ratings for Consistent Return over periods of three, five and ten years.
The fund with the highest Lipper Leader for Consistent Return value in each eligible classification wins the Lipper Fund Award. The awards are based on a proprietary methodology and present independent assessment of the fund performance. One of the world’s largest providers of financial markets data and infrastructure, Refinitiv was formerly known as Thomson Reuters Financial & Risk.
“We have built up a lot of experience investing in Central and Eastern European markets, as this award once more confirms. For our part, we will continue to seek the biggest possible gains for those who have chosen our investment products,” said Vaidotas Rūkas, Chief Investment Officer at INVL Asset Management.
Operating since 2010, the INVL Emerging Europe Bond Subfund’s assets are invested in those Central and Eastern European government and corporate debt securities that credit analysis shows to be the most attractive. In order to ensure a stable return on investments and assume a moderate risk, the subfund combines riskier investments in the bonds of companies with safer investments in the bonds of governments. At the end of February 2019, the fund had assets under management of 30.4 million euros.
INVL Asset Management manages six mutual funds, most of which are distributed not only in Lithuania, but also in Latvia, Germany, Sweden, Finland, Norway, and Denmark. The company has been managing mutual funds since 2004. Bank of Lithuania data shows that at the end of 2018 the company ranked first in Lithuania for the number of participants in domestically registered mutual funds, with 84.9 per cent of the market. The mutual funds managed by INVL Asset Management had amassed 5,300 participants.
INVL Asset Management, which is part of the Invalda INVL group, also manages 2nd and 3rd pillar pension funds, investment portfolios, and alternative investments. Invalda INVL group companies have over 650 million euros of assets under management, entrusted to them by more than 190 000 clients in Lithuania and Latvia and international investors.
About the Lipper Fund Awards:The Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Lipper Fund Award. For more information, see lipperfundawards.com. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained therein, the accuracy is not guaranteed by Lipper.
More information about the Winners of the 2019 Germany Lipper Fund Awards from Refinitiv is here.