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Friday 15.12.2017 | Name days: Jana, Johanna, Hanna
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Most investment funds in Latvia functioned with positive yield last year

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUThe majority of investment funds present in Latvia worked with positive yield last year. Their performance was greatly influenced by the investment fund currency – better yield in euros was demonstrated by funds operating with Russian rouble or US dollar, as reported by the Finance and Capital Market Commission.

In December 2016, annual yield of bond funds ranged from 0.4% to +38.6%. Assets of those funds had grown by 3.8% over the course of the year, reaching EUR 180.4 million at the end of the year. FCMC explains that bond funds primarily focused on corporate bonds in the high yield segment.

Annual yield of mixed funds ranged within -0.5% to 7.2%, reaching EUR 13.2 million in December 2016. «Mixed funds had performed investments primarily in fund units and debt securities, which formed 57% and 43% from their total securities portfolio respectively,» FCMC comments.

Stock funds had invested the largest portion of their securities portfolios in fund units in December 2016 (60%). 15% were invested into Russian company shares.

Annual yield of stock funds ranged from -4.4% to +51.5% (negative for four funds out of ten). Assets of those funds had declined 19% over the course of the year, reaching EUR 24.7 million at the end of the year. The volume of finances kept in banks in the form of open stock fund assets had increased from 4.5% to 13.5%. This means fund managers were awfully cautious.

Assets of private capital investment strategy funds had grown 50%, reaching EUR 79.4 million last year. Assets real estate investment strategy funds had grown by 79%, reaching EUR 63.9 million last year.

The largest portion of alternative assets consisted of securities (EUR 56.9 million), investment property (EUR 35.4 million) and long-term loans (EUR 32.7 million).

At the end of the year, 86% of alternative fund assets were invested in Latvia, 12% – in Estonia and 1% – in the UK.

Ref: 224.109.109.2098


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