Baltic, Banks, Financial Services, Investments, Latvia

Rietumu Asset Management has registered the open-end fund Rietumu Asset Management Cash Reserve Fund with two sub-funds: Rietumu Asset Management Cash Reserve Fund-EUR and Rietumu Asset Management Cash Reserve Fund-USD. The assets of both sub-funds are going to be invested in short-term and medium-term financial instruments.

"We welcome Rietumu Asset Management to the Baltic Market and are particularly excited to broaden the sophisticated investment opportunities for the potential investors," said Liene Dubava, Head of NASDAQ OMX Baltic Market Issuer Services. "We look forward to supporting Rietumu Asset Management in taking advantage on the increased investor reach, credibility and exposure that comes with a regulated market listing."

"Our new fund is an optimal extension of bank's investment product portfolio, which already has such products as deposits and subordinated debt. This fund matches requirements of those investors who seek high degree of stability. It is an efficient tool that allows to manage investor's capital keeping a quick and easy access to liquidity, and profiting from investments in high quality issuers," stated Mr Rolf Fuls, a Senior-Vice President of Rietumu Banka. "Inclusion into Baltic Fund List provides multiple benefits, securing transparency and credibility of informational flow from one side, and, from the other side, improving the availability of the fund to investors."

Prospectus and rules of Rietumu Asset Management Cash Reserve Fund as well as basic information about sub-funds can be found on AS Rietumu Asset Management IPS and on the NASDAQ OMX Baltic website.

As of 1 September, 2014, the Baltic Fund List will contain 22 investment funds.