ABLV Asset Management, IPAS (hereinafter – the Company) has completed the transfer of the assets of the mutual funds to the accounts of the new custodian bank and will completely resume the transactions with the investment certificates on 04.01.2022. With the change of the custodian bank and resuming the transactions with the investment certificates, the Company has fully ensured the necessary conditions on continuation of the operations of the mutual funds in accordance to the operating plan that has been developed under the supervision of the Financial and Capital Markets Commission.
Resuming the transactions with the investment certificates of the mutual funds managed by the Company (hereinafter – investment certificates) implies that the persons that own the investment certificates and where no restrictions in accordance to the normative acts have been identified as a result of the investor compliance review (hereinafter – the investors) based on their own discretion and without restrictions can execute transactions with the investment certificates, including submission of the redemption applications.
In addition, the Company would like to note that despite the complicated and time-consuming procedures on the change of the custodian bank, the Company has at all times and with the highest responsibility towards the interests of the investors continued the management of the assets of the mutual funds of the investors that has resulted in a material capital value appreciation in long term. After the completion of the change of the custodian bank, the management of all the assets of mutual funds continues without any restrictions in accordance with the investment strategy documented in the prospectus of the respective fund. Therefore, the investors are welcome to continue the collaboration with the Company regarding the management of the invested capital or at their own discretion to perform the transactions with the investment certificates.
All the mutual funds managed by the Company have provided for positive capital value appreciation over the long term and since the inception. For example, during the period, where the transactions have been suspended and up to 21.12.2021, the average annualized return on the investment certificates has been in the range from +0.4% for a conservative strategy EUR corporate bond fund up to +57.9% for USD stock market fund after deduction of all applicable commissions by the Company. More detailed information regarding the results of the operations of the mutual funds can be found in the following here. The comparison of the results of the mutual funds with other mutual funds can be found in the Nasdaq CSD Baltic Fund Center.
Report on holding period return for all mutual funds from the date of suspending the transactions up to 21.12.2021:
ISIN | Asset Value 14.02.2018. | Asset Value 21.12.2021. | Return % | |
Government Bond Funds | ||||
ABLV Emerging Markets USD Bond Fund | LV0000400315 | 16.85 | 18.87 | +11.93% |
ABLV Emerging Markets EUR Bond Fund | LV0000400349 | 16.10 | 16.82 | +4.52% |
Corporate Bond Funds | ||||
ABLV High Yield CIS USD Bond Fund | LV0000400331 | 17.36 | 19.53 | +12.51% |
ABLV Global Corporate USD Bond Fund | LV0000400802 | 11.19 | 12.66 | +13.17% |
ABLV European Corporate EUR Bond Fund | LV0000400810 | 12.08 | 12.13 | +0.38% |
ABLV Emerging Markets Corporate USD Bond Fund | LV0000400935 | 11.72 | 13.23 | +12.87% |
Total Return Fund | ||||
ABLV Multi-Asset Total Return USD Fund | LV0000400919 | 10.31 | 12.56 | +21.84% |
Equity Funds | ||||
ABLV Global USD Stock Index Fund | LV0000400323 | 11.89 | 16.38 | +37.71% |
ABLV Global EUR Stock Index Fund | LV0000400356 | 9.90 | 12.41 | +25.41% |
ABLV US Industry USD Equity Fund | LV0000400836 | 12.70 | 20.05 | +57.94% |
ABLV European Industry EUR Equity Fund | LV0000400844 | 10.91 | 13.82 | +26.70% |
If deciding to make a redemption request, the investor is required to submit the following documents to the Company:
The above-mentioned documents can be submitted in one of the following ways:
Access rights to the remote system Online Office and the instruction on the registration will be ensured to all of the investors where no restrictions in accordance to the normative acts have been identified as a result of the investor compliance review. System Online Office is a remote access tool that has been developed to provide a convenient way to exchange information between the Company and the investor, including to receive and submit request templates and other documents. In order to obtain the access rights to the system Online Office, the investors are not required to perform any tasks. The access rights and registration invitation will be provided to all investors after the compliance review of the investor has been completed to the contact details already specified in the Investor’s Questionnaire.
In order to obtain more information regarding the access to the remote system or the order of the submission of the redemption application, please contact the Company during the working hours on the phone number +37167002775 during Signet Pensiju Pārvalde IPAS business hours or send an email to [email protected].
The Company emphasizes that the important precondition for the Company to continue collaboration with the investor, including to accept for execution the redemption application on investment certificates, is compliance review of the investors, that has been established with the purpose to comply with the requirements of legal acts aimed at prevention of risks related to money laundering, terrorism and proliferation financing, as well as sanction violations. In case the investor has not yet provided the necessary information to initiate the investor compliance review, we invite to contact the Company and provide the necessary information and documents. Investors, whose investment certificates of mutual funds are safekept in ABLV Bank Luxembourg, S.A. in judicial liquidation, have to contact ABLV Bank Luxembourg S.A. in judicial liquidation and provide their consent for disclosing all necessary information and documents requested in the investor review process to the Company. After receiving the consent of the investor, ABLV Bank Luxembourg, S.A. in judicial liquidation will ensure the disclosing of the information and documents requested in the investor review process to the Company.
Processing of the “Application for redemption of investment certificates of mutual funds” will be performed in the following order:
Detailed procedure regarding the processing of the applications is available in the ABLV funds’ prospectus.
The Company does not apply any commission fee on the transactions with the investment certificates, including redemption transactions. However, the financial institution of the investor may apply the commission fee on the transaction in accordance with the respective terms of services of the financial institution.
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1 Historical return does not guarantee a similar return in the future. This material is of informative purpose and it may not be considered as the offer or recommendation to buy or sell the investment certificates of the mentioned mutual funds.