“Evernord Asset Management, the asset management company of the Evernord Group, has launched a new open-ended fund for informed investors, the Evernord Bond Fund, which will provide investors with a new opportunity to diversify their investments and to exploit the potential of the growing Baltic corporate bond market. It will also target the Scandinavian and other markets for diversification purposes.
“The last two years have been exceptional in terms of rapidly rising interest rates as the European Central Bank seeks to rein in inflation. Now, inflation rates have eased significantly and the ECB is already cutting interest rates. We believe that this is a good opportunity to fix high interest rates for a longer period, as in some cases bond yields are close to stock market returns, but with less risk. We are well acquainted with and analyse Baltic issuers and follow their performance and new issues. We hope that investors will benefit from this experience and experience”, explains Gintaras Rutkauskas, Manager of Evernord Bond Fund and Director of Evernord Asset Management.
“The annual return sought by the Evernord Bond Fund will reflect attractive bond market returns with broad diversification, as the fund will consist of investment positions from 30-50 different issuers, thus minimising risk for investors. This is the first fund of its kind in Lithuania with a limited investment period of 1.5 years from the start of distribution. At the end of the investment period, a portion of the fund’s units will be redeemed quarterly and dividends will be paid. After 5 years from the start of the distribution, the remaining amount will be paid out.
The founders of the fund point out that there is a growing number of companies in the Baltic States raising capital through private and public bond issues. There are currently over 50 different issuers in the bond market and the number is growing. The dominant sectors are energy, finance and real estate, but they are complemented by issuers in other sectors such as retail, agriculture and utilities.
“Evernord Bond Fund managers also monitor the Scandinavian bond market, which exceeds EUR 300 billion. The Fund’s investment prospects in Scandinavia are favoured by the Evernord Group’s long-standing cooperation with its partner Evli Bank of Finland and other Scandinavian banks.
The fund expects to earn a portion of its returns from bonds issued outside the Baltic region, which are expected to account for up to 25% of the total portfolio.
“Evernord Asset Management also manages four real estate funds in Lithuania, Latvia, Estonia and Spain.
https://www.vz.lt/rinkos/2024/07/09/evernord-paleido-regiono-imoniu-obligaciju-fonda