Financial Services, Funds, Investments, Latvia

International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 09:29

Assets of Latvian investment funds and alternative investment funds down 2.4% in Q1

BC, Riga, 25.06.2018.Print version
During the first quarter of 2018, Latvia’s investment funds and alternative investment funds saw their assets drop 2.4% to EUR 210.9 million and EUR 132.7 million respectively at the end of March, the Financial and Capital Market Commission (FCMC) informed LETA.

FCMC explained the reduction with negative financial market trends.


As at March 31, the three-month yield of bond funds was in range from -4.3% to -0.8%. The aggregate assets of these funds declined 2.8% in the three months to EUR 173.1 million.


The three-month yield of mixed-type funds ranged between -4.2% and -2.3%. The funds’ assets contracted 1.8% to EUR 13.6 million. The mixed-type funds had invested mostly in certificates of deposit, which at the end of March accounted for 58% of their total portfolio, and debt securities (42%).


In case of stock funds, the yield was in the range between -5.5% and 3.2%, and their total assets stood at EUR 24.1 million at the end of March 2018, unchanged from the beginning of the year. The stock funds had mostly invested their money in investment certificates (65%) but a considerable portion of the investments was also in shares of Russian companies (13% of total portfolio).


FCMC said that during the first quarter of this year key stock indexes showed mixed dynamics and the yield of all funds, except those focusing on Russian stocks, was negative.


During the first quarter of this year, the assets of alternative investment funds decreased by 2.4% to EUR 132.7 million at the end of March.






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