CBL Sabalansētais


30.09.1999

AS CBL Atklātais pensiju fonds

40003397312

AS "Citadele banka"

Balanced

LV86 PARX 0000 2994 00003

Description:

JSC “CBL Open Pension Fund” is one of the three largest private open pension funds in Latvia in terms of volume of assets and number of members.

Investment policy:

Asset allocation strategy requires that Pension plan`s asset division in investment categories is balanced: up to 20 percent of the Pension plan assets are invested in equities, investment fund certificates and the venture capital market, and the rest of the Pension plan assets are invested in Financial instruments with fixed income, and other objects authorized by the Law. Investment in real estate does not exceed 10 percent of the Pension plan assets.
Pension fund guidelines are the transparency of investment, best practices and consideration of precautionary principles.

Management costs:

Pension fund`s administration costs:
If the Participant participates in the Pension plan based on the Individual membership contract, the Pension fund`s deductions for pension plan administration is from 0.2% up to 1.5% per year of the capital value of the Participant's accumulated Supplementary pension. These deductions are calculated and deducted monthly as 1/12 part.
If the Participant participates in the Pension plan based on the Collective participation contract, the Pension plan`s administration costs are set in the Collective participation contract. These deductions are calculated and deducted monthly as 1/12 part.
Fund manager`s commission:
Not more than 0.7% per year of the Pension plan's average asset value.
Asset manager is considered to receive the addition reward of not more than 10% of the Supplementary pension capital`s investment income value that exceeds the comparative indicator: 12-month EURIBOR.
These deductions are calculated and deducted monthly as 1/12 part.

Custodian bank`s commission:
Not more than 0.15% per year of the Pension plan's average asset value. These deductions are calculated and deducted monthly as 1/12 part.
Other commissions:
Deductions to the Financial and Capital Market Commission are realized of each of the Contributions in accordance with the set laws and regulations.

Manager:

Zigurds Vaikulis, Andris Kotāns

Fund manager:

IPAS "CBL Asset Management"

Description of the fund manager:

“Citadele Asset Management” is the largest investment management company in the Baltic States and the second largest in the Eastern Europe that has assets under management over 1.2 billion U.S. dollars.
Achieving good results is only possible through understanding of the clients' needs and requirements, as well as through the use of first-class solutions. “Citadele Asset Management” provides customers with high quality services successfully combining its expertise in Eastern European markets with carefully selected and regularly analyzed and continuously monitored products of other asset managers that represent different regions and types of securities.
“Citadele Asset Management” offers a full range of services in order to multiply your capital value. An extensive range of asset management services allows creating and executing a strategic location, taking into account the acceptable level of risk and return.

40003577500

20.09.2002

EUR 5 904 918

SIA "KPMG Baltics"

Contacts


Republikas laukums 2a, Rīga, LV-1010, Latvija
67010000, 67010810
asset@cbl.lv
www.cblam.lv

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