CBL Aktīvais USD


01.04.2006

AS CBL Atklātais pensiju fonds

40003397312

AS "Citadele banka"

Active 50

LV32PARX0000299400005

Description:

AS "CBL Atklātais pensiju fonds" is one of the open private pension funds in Latvia in terms of assets and number of members.
The mission of the pension fund is to develop the pension fund into a reliable and innovative company:
- offering easy-to-understand, customer needs and professionally managed pension plans;
- creating a culture of corporate governance that, for shareholders, customers and companies, confirms the professional activity of the company's employees, and fair work and sustainable development.

Investment policy:

The pension plan liability currency is the US dollar.

The aim of the investment policy is to ensure that the Pension Plan funds are managed in such a way that in the long term achieve an increase in the Supplementary Pension capital of the members of the Pension Plan, based on balanced growth investment portfolio structure and asset approach in investment management.
The asset allocation strategy determines that the distribution of the pension plan's assets in investment categories is active: up to 50 percent of the pension plan's assets are invested in shares, investment fund certificates and the risk capital market, while the rest of the Pension Plan's assets are invested in Financial Instruments with fixed yield and other investment objects permitted by the Law. Investments in real estate do not exceed 15 percent of the assets of the Pension Plan.
Investments are mainly made in equity and debt securities of Latvia, other Member States and members of the Organization for Economic Cooperation and Development, and time deposits of credit institutions, as well as in financial instruments issued or guaranteed by commercial companies. Investments are not concentrated in any specific sector of the commercial company.
The operational guidelines of the plan are investment transparency, compliance with best practices and precautionary principles.

Management costs:

From assets per year:
Pension fund administration commission: 0.2% - 0.75%.
Funds managed commission: 0.3% - 0.8%.
Custodian bank commission*: 0.1% - 0.15%.

*The commission fee rate is applied depending on the type of contract.

Manager:

Zigurds Vaikulis, Reinis Gerasimovs

Fund manager:

IPAS "CBL Asset Management"

Description of the fund manager:

The quality of the services provided by IPAS “CBL Asset Management” is ensured by a team of professional financial investment specialists, which consists of 11 experienced portfolio managers, analysts and economists, taking care on a daily basis that pension funds are invested wisely and ensure an optimal risk and profit ratio. The asset manager combines extensive long-term experience in the financial markets of Europe and developing countries with carefully selected and regularly analysed, as well as constantly monitored products of other asset managers representing different regions of the world and types of securities.

40003577500

20.09.2002

EUR 5 904 918

SIA "KPMG Baltics"

Contacts


Republikas laukums 2a, Rīga, LV-1010, Latvija
67010000

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