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"Parex Asset Management" bond funds show strong growth

By Editor. 09.10.2009

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As the debt securities market in the CIS countries showed signs of improvement, the performance of the Parex Bond and Balanced Funds have showed substantial growth, significantly regaining the losses from the previous months.

During the first 9 months of 2009 Parex Eastern European Bond fund showed a performance of 60.67% * in absolute terms, but since the inception in 2003 the value of its shares increased by 40.1% *. The fund invests primarily in corporate bonds in the CIS and Baltic countries and is U.S. dollar denominated.

Parex Eastern European Balanced Fund, which does not only consist of a diversified portfolio of fixed income instruments, but also invests in shares of enterprises in Eastern Europe, during the first nine months showed a performance of 52.45% ** in absolute terms, while returns since inception of the fund in 2003 amount to 30.8% **. The Fund invests in a wide range of tools that provides additional reliability and investment protection from fluctuations in the value of the Fund. The annualized performance of the funds since inception is around 5%.

Robert Idelson, president and CEO of investment management company Parex Asset Management commented: «The performance results of Parex bond funds once again evidence that investments in Eastern European fixed income instruments can provide high returns even in times of a deep recession. As usual, those investors who did not follow the global panic trend and continued to invest in these funds - are in the winning situation now.»

The bond markets in the CIS countries at the end of 2008 were negative, but in the first quarter of 2009, the markets normalized and trade activity resumed. Due to the fact that the subject of signs of growth in global markets dominated most of the second quarter of 2009, there was an active "rally" in the debt market of the CIS.

Investment recommendations, including an overview of trends and prospects in the bond markets, are published by a team of Parex Asset Management (PAM) analysts on a quarterly basis. In addition to investment outlook, a team of PAM analysts make regular reviews of the stock markets in Russia and Ukraine, bond markets of Eastern Europe, as well as produce monthly research on Latvian macroeconomic situation called “Latvian Macro Monitor”. PAM research is available online at the Company’s website



KqEJDiLBadAu 22.01.2013 13:01

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