"Hansabank" Group Investment Funds are Offered to the Public
2005-08-04 Back
Today the Securities Commission of Lithuania approved the public distribution of "Hansabank" fund shares. Public offering of investment units of "Hansa Eastern European Stock Fund", "Hansa Russian Stock Fund" and "Hansa Baltic Growth Fund" in Lithuania will start in one month.
Previously the shares of these Funds managed by "Hansabank" Group were not marketed publicly. Public marketing means that clients will be able to obtain more information about these funds and, in addition, their shares will become available to a wider group of people.
"In Western Europe and USA investment Funds already are one of the most popular financial saving instruments. As the level of subsistence keeps growing in Lithuania and the amount of free funds increases, people's interest in the investment funds becomes more active and they investments into these funds are growing,"- said Aurimas Maždžierius, Director of "Hansa Investment Management", a subsidiary of "Hansabank".
Already in one month everyone willing to invest into "Hansa" investment fund shares will have the opportunity to fill in the investment application at the largest subdivisions of "Hansabank" and financial brokers will carry out the required operations on the basis of such applications. All information about "Hansa" investment funds will be available in the Bank's subdivisions and in the Internet Bank "hanza.net". As early as this autumn, investments into shares will be possible over the Internet too.
A.Maždžierius says, that investors acquiring the funds' shares will pay a 1,5 per cent entrance fee, and upon redemption of fund units a 1 per cent exit fee will apply. The minimum amount of investments into these funds is not established.
"Hansa" investment funds are approved by the Securities Commission of Lithuania and conform to all safe investment requirements applicable in Lithuania.
In end-June, "The Wall Street Journal" recognised "Hansa Eastern European Stock Fund" as the fund with the highest annual return investing in the Eastern and Central European region. The annual yielding capacity of the Fund amounted to 68,8 per cent (according to the data of 30 July 2005). Due to rapidly growing economy of this region and increasing flow of investments investors can expect good performance in the future as well.
"Hansa Russian Stock Fund" is investing exclusively in Russia and only into shares of foreign companies whose activities are related with Russia. The annual yielding capacity of this fund (according to the data of 30 July 2005) reached 50.5 per cent. Russia has huge economic growth potential. Moreover, the established political situation, growing subsistence level, high prices of export goods and continuous growth of GDP encourage investors to invest in the Russian market.
"Hansa Baltic Growth Fund" is investing into stock markets of the three Baltic states and has ten-year investment experience in this region. This fund is called a sustainable fund as 30 - 50 per cent of its total assets are invested into bonds. The annual yielding capacity of the fund (according to the data of 30 July 2005) amounted to 23.7 per cent. Given the economic indices of the three Baltic states the future economic growth of this region is forecasted, and therefore further growth of yielding capacity of investments is expected.
As of 30 July 2005, "Hansa Eastern European Stock Fund" assets amounted to EUR 79.7 million (LTL 275.2 million); those of "Hansa Russian Stock Fund" accounted for EUR 16.5 million (LTL 57 million); and of "Hansa Baltic Growth Fund" stood at EUR 27.3 million (LTL 94.3 million).
"Hansabank" belongs to the largest group of financial services in the Baltic States whose strategic investor is the Swedish "Swedbank". In Lithuania "Hansabank" Group includes "Hansa Lizingas", "Hansa gyvybės draudimas", "Hansa investicijų valdymas", "Baltijos autolizingas", "Hansa draudimo brokeris".
