Luminor 58+

Registration date: 03.02.2005

Custodian bank: Luminor Bank AS

Category of the investment fund plan: Balanced

Risk category illustrates the historical volatility of investment plan unit’s value; the higher the category, the higher the historical volatility of the unit’s value Risk level: Medium

Prospectus:  

Investment policy:

The objective of the investment plan is to ensure the growth in value of the investment in the long run by following a balanced investment strategy, in order to contribute to faster increase of the pension capital, which allows receiving higher old-age pension than from participating only in the pension system’s first pillar. Allocation of the assets of the investment plan to debt securities (bonds and bills) protects its value against sharp short-term fluctuations, contributing to stable increase in its value. The objectives of the investment plan are to be achieved by investing part of the assets (up to 25%) in equity markets, since according to the investment theory over a defined period of time investments in equity markets secure higher returns than those in debt securities.

Management costs:

Fixed management fee: 0.50% per annum
Performance fee: from 0% till 0.60% per annum

Manager:

Arturs Andronovs

Fund manager:

Luminor Asset Management IPAS

Description of the fund manager:

Luminor Asset Management IPAS is managing various 2nd pillar and 3rd pillar pension funds. Luminor Asset Management IPAS sole shareholder is Luminor Bank AS.

Registration number: 40003699053

Date at which the fund manager received a license to manage pension funds: 17.12.2004

Paid up capital: EUR 5 000 000

Certified auditor: PricewaterhouseCoopers SIA

Contacts

Address: Skanstes iela 12, Rīga, LV-1013 Phone: +371 6717 1880 E-mail: ipas@luminor.lv Website: www.luminor.lv

Contact person: Atis Krūmiņš