News and Reviews

Management company comment about ABLV open-end mutual funds in December, 2017

Riga, Latvia, January 8, 2018, 10:50 / Investments

This year, December fell short of investors’ expectations for serious global “Christmas rally” and the key global stock markets closed the last month of the year mixed. The majority of European market indexes closed the month negative (for example, the Germany’s main stock index DAX fell by 0.8% and French CAC 40 – by 1.1%), while US market continued conquering new peaks (S&P 500 grew by almost 1% by the end of the month, while Dow Jones Industrial grew by 1.8%).

Management company comment about ABLV open-end mutual funds in November, 2017

Riga, Latvia, December 7, 2017, 11:19 / Banking

In November, global stock markets demonstrated varying movements. Following vigorous stock growth in Europe during the last two months, the investors apparently decided to take profits, and in November major European capital market indexes showed negative returns: broad market index Euro Stoxx 600 declined by slightly more than 2%. In the absence of obviously bad news, the drop can be attributed to the correction following the strong growth and to the response to the strengthening of the euro, which is disadvantageous for European exporters.

ABLV Bank Profit in 9 Months of 2017 – EUR 40.8 million

Riga, Latvia, November 30, 2017, 10:12 / Banking

The ABLV Bank results in nine months of 2017 allow expecting achievement of the objectives set for this year. All major performance indicators of the bank remain high, including capital adequacy and liquidity ratios. In the reporting period, we continued improvement of the internal control system of the bank including work in the field of ML/TF and sanctions risk management, and systematic decrease of ML/TF and reputation risks related to clients’ transactions.

Management company comment about ABLV open-end mutual funds in October, 2017

Riga, Latvia, November 6, 2017, 17:24 / Investments

In October, optimism was prevailing on global stock market. US market continued breaking records fuelled by good economic data reports and data on Q3 profits of US companies.

Management company comment about ABLV open-end mutual funds in September, 2017

Riga, Latvia, October 6, 2017, 17:26 / Investments

September brought back optimism to global stock markets triggered both by good economic data reports and by desire of the investors to buy stocks that became cheaper in price. From mid-May to end of August, stocks of European companies dropped on average by more than 7%. It is therefore no surprise that prices got more attractive for the market players, and along with the change of moods followed the buy-up of European stocks.

Management company comment about ABLV open-end mutual funds in August, 2017

Riga, Latvia, September 7, 2017, 17:04 / Investments

In August, the relatively peaceful moods that were observed on the global stock market over this year were interrupted by rapid escalation of geopolitical tension. For the entire month, headlines of the global mass media were all about the nuclear programme of North Korea, which is massively increasing its military capacity despite the international moratorium and sanctions.

Amendments in ABLV Investment Fund Details

Riga, Latvia, August 31, 2017, 13:24 / Investments

We would like to informthat on 2 October 2017 the amendments to the regulations, prospectuses and basic information for investors of the ABLV Asset Management, IPAS managed investment funds is entering into force due to new provisions of the Law on Investment Companies.

ABLV Bank profit in H1 2017 – EUR 26.3 million

Riga, Latvia, August 29, 2017, 13:45 / Banking

ABLV Bank results in H1 2017 allow expecting achievement of the objectives set for this year. All the bank’s major performance indicators remain high, including capital adequacy and liquidity ratios.

Two Winners of Photo Contest for 2018 Calendar Announced

Riga, Latvia, August 18, 2017, 18:09 / Banking

Yesterday, on 17 August, at ABLV Bank headquarters the signing copyright agreements with the winners of photo contest for ABLV 2018 calendar took place. The winners are Jānis Paļulis with his series of photos “Beauty of Mighty Nature” and Imants Urtāns with his collection of “Stories of Daugava”.

Management company comment about ABLV open-end mutual funds in July, 2017

Riga, Latvia, August 8, 2017, 10:38 / Investments

In July, global bond market was demonstrating multidirectional movements. One of the key topics determining performance of any market was the forgotten issue of exchange rates. ECB Head Mario Draghi’s announcement at the end of June, where he in some way shocked investors with his positive comments on economic situation in Eurozone and hinted that the end of QE programme is right around the corner, caused a rather sharp growth of EUR against USD.

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