After a great shock in the world financial markets at the end of 2008, financial markets and investors gradually regain optimism.
The first half of 2009 was successful for open-end investment funds managed by Aizkraukles Banka subsidiary AB.LV Asset Management, those funds showing considerable increase of their yield.
According to Leonid Kil, AB.LV Asset Management Chairman of the Board, “It is still too early to say that crisis is over, but applying certain caution, it is possible for investors to earn money”.
Events in financial markets proved bond funds to be one of the safest, allowing invested capital to be preserved even during crisis.
Among all funds managed by AB.LV Asset Management, “AB.LV High Yield CIS Bond Fund” open-end bond fund appeared to have the highest yield this year. As of 31 July this year, its
Another bond fund, “AB.LV Emerging Markets Bond Fund” also demonstrated high
The yield of the third fund managed by AB.LV Asset Management – “AB.LV Global ETF Fund” equity fund — has grown as well. This fund is also offered in two currencies — USD and EUR. The fund respective
JSC “Aizkraukles banka” is 100% owned by Latvian shareholders. The bank’s majority shareholders are Oleg Fil — 47.04% shares, Ernest Bernis and Nika Berne — 47.04% shares. The Aizkraukles Banka aim is to become the leading independent private bank in the Eastern Europe, combining all banking services, including asset management and advisory services, in a single customer-tailored offer. Aizkraukles Banka Group includes IPAS AB.LV Asset Management, IBAS AB.LV Capital Markets and other companies.