OREANDA-NEWS. On 18 June 2008 was announced, that Parex Asset Management (PAM), the investment management arm of Parex banka has registered Parex Russian Equity fund for public distribution in Germany. This fund is the third Latvian investment fund in Germany and is now available to investors at all Parex banka branches in Germany.

Mr. Robert Idelson, President and CEO of Parex Asset Management comments: “Russian equity market is rich with investment opportunities in a long term, and the interest of international investors in the equities of Russian companies is constantly growing. Starting today we offer a variety of investment opportunities brought by the Russian market to all our customers in Germany and we are certain that Parex Russian Equity Fund and our long standing experience in Russia will be very well received by international investors”.

Parex Russian Equity fund was registered on March 17, 2004. Since inception, the assets of the Fund have increased up to USD 21.2 mln. The objective of the fund is to achieve long-term capital growth by investing in a diversified portfolio of Russian equity securities. The investment certificates of Parex Russian Equity fund are listed on the Riga Stock Exchange.