OREANDA-NEWS. The first four months of 2013 have been successful for open-end mutual funds managed by ABLV Asset Management, IPAS, and as at the end of April this year the total value of their assets exceeded EUR 75 million. Currently, 6 mutual funds are available to our customers, including 4 bond funds and 2 stock funds.

During four months of this year, total value of our mutual funds has increased by more than 52%, i.e., approximately EUR 27 million. The growth of the funds' value was due to increasing interest in financial markets and customers more and more willing to diversify their investment portfolios by acquiring shares of ABLV funds.

Performance of ABLV open-end mutual funds as at 30.04.2013

 

Currency of the fund

Fund's assets ('000)

Increase in assets
over 4 months 2013

1-year return
(as at 30.04.2013)

Government bond funds

ABLV Emerging Markets USD Bond Fund

USD

28 201

43%

10.90%

ABLV Emerging Markets EUR Bond

EUR

15 689

123%

10.28%

Corporate bond funds

ABLV High Yield CIS USD Bond Fund

USD

32 149

50%

12.50%

ABLV High Yield CIS RUB Bond Fund

RUB

85 612

35%

7.46%

Stock funds

ABLV Global USD ETF Fund

USD

13 200

19%

4.99%

ABLV Global EUR ETF Fund

EUR

3 482

23%

4.71%