Pension fund results for nine month of this year put funds managed by INVL Asset Management in leading positions. According to the results published by the Bank of Lithuania, the company’s funds ranked first in two of the 2nd pillar categories and second in the two others for return achieved in the period, and led in all three 3rd pillar categories.
“Despite the challenges that arose in the worldwide markets in the second half of this year, we managed to maintain some of the best results in the market. Our investment management team works constantly seeking to ensure the best ratio of risk to return,” said Tomas Krakauskas, the head of INVL Asset Management’s investment management department.
Among 2nd pillar funds, those managed by INVL Asset Management were among the leaders in their categories. Of the four pension funds in the small equity share category, INVL MEZZO II 53+ had the highest return (the fund’s 9-month return was 4.43% and its 5-year average annual return was 4.79%, compared to a 2.1% average annual return for the benchmark index over 5 years). Of the eight medium equity share pension funds, the INVL Active Investment fund ranked first (with a 9-month return of 3.05% and a 5-year average annual return of 5.42%, compared to the benchmark index 5-year average annual return of 0.26%). Two other funds, INVL Stabilo II 58+ and INVL Extremo II 16+, placed second among the seven conservative investment funds and the five equity pension funds, respectively.
In the 3rd pillar, among the three bond pension funds, Finasta Bond Pension Plus achieved the highest return (with a 9-month return of 3.42%, a 5-year average annual return of 3.99%, and a 4.21% benchmark index 5-year average annual return).Among the four mixed investment pension funds, MP Medio II placed first (with a 9-month return of 0.79% and a 5-year average annual return of 4.37%; use of the benchmark index started in 2013). Among the five equity 3rd pillar pension funds, the leader was Finasta Equity Pension Plus (with a 9-month return of 0.50%, a 5-year average annual return of 1.46%, and benchmark index 5-year average annual return of -5.82%).
INVL Asset Management currently manages seven 2nd pillar and four 3rd pillar pension funds. The Lithuanian market currently includes twenty-four 2nd pillar and twelve 3rd pillar funds.
INVL Asset Management belongs to the Invalda INVL group. Companies in the group manage pension and mutual funds, alternative investments, individual portfolios, private equity and other financial instruments. Assets under management totalling more than 300 million euros have been entrusted by over 150,000 clients in Lithuania and Latvia as well as international investors.
More detailed information about the results of 2nd and 3rdpillar pension funds can be found on the website of the Bank of Lithuania.
INVL and Šiaulių bankas merged their retail services as of 1 December 2023.
Please select Your topic on SB.lt webpage.
INVL and Šiaulių bankas merged their retail services as of 1 December 2023.