INVL Emerging Europe ex Russia TOP20 Subfund merged into INVL Baltic Fund

INVL Asset Management, one of Lithuania’s leading asset management companies, has merged the INVL Emerging Europe ex Russia TOP20 Subfund into the INVL Baltic Fund. On completion of the merger, the INVL Baltic Fund has assets under management of EUR 9.7 million. The Bank of Lithuania approved the merger on 18 November 2019.

“By merging these investment funds, we’re giving those who choose the Baltic region the opportunity to invest more efficiently. The increased number of participants and division of fixed-size fees among them mean that from now on participants of the INVL Baltic Fund will be able to invest on more favourable terms,” said Vaidotas Rūkas, the Chief Investment Officer at INVL Asset Management.

The INVL Baltic Fund invests in shares of companies that are listed on Baltic stock markets or operate actively in the Baltic countries. Part of the INVL Emerging Europe ex Russia TOP20 Subfund’s investments also went to such shares.

Following the merger, the INVL Emerging Europe ex Russia TOP20 Subfund has ceased to operate and the INVL Baltic Fund has assumed its assets and liabilities. The participants of the INVL Emerging Europe ex Russia TOP20 Subfund have become participants of the INVL Baltic Fund and the units they owned have been converted free of charge into units of the INVL Baltic Fund.

At completion of the fund merger, INVL Asset Management manages four mutual funds: the INVL Baltic Fund, the INVL Emerging Europe Bond Subfund, the INVL Global Emerging Markets Bond Subfund, and the INVL Russia ex-government Equity Subfund.

INVL Asset Management is part of the Invalda INVL group, whose companies manage pension and mutual funds, alternative investments, private equity assets, individual portfolios and other financial instruments. Over 200 000 clients in Lithuania and Latvia and international investors have entrusted them with assets of more than EUR 1 billion.