Taking into account the increase in geopolitical suspense, also European Union's and its allies' decision to implement new sanctioncs against Russian Federation, Belarus and (or) associated subjects, due to the Russian war agains independent Ukraine, we would like to inform our investors about the changes in risks and activities of Baltic Corporate Bond Fund.
Since the inception of Baltic Corporate Bond Fund (hereinafter - Fund) any cooperation with unstable geopolitical regions (such as Russia and Belarus) and their subjects was avoided. Thus Fund has no direct investments in these countries, most of the portfolio companies also have either very minimal or no exposure at all to Russia, Belarus or even Ukraine. Most of the issuers, in bonds of which Fund has investments, work in Baltics, CEU or Scandinavia. These regions are not directly affected by war.
In addition, 30% of Fund's investments are related to real estate, while other 30% to financial institutions, operating accros Europe. Neither of these two sectors face any direct impact from Russian war against independent Ukraine. Indirect impact, given the regions in which Fund's investments are active, should also be insignificant.
Therefore fundamental risks of Fund's portfolio remain unchanged. Over the short term, volatility of unit value may increase, there is a high probability that Fund's unit value may decrease over the following months, due to increase in uncertainty globally. However, this risk is only meaningful in the short run.
Video presentation of Baltic Corporate Bond Fund' 2021 results (Lithuanian language only).
In addition to 2021 results, macroeconomic situation, monetary policy, also situation in the global financial markets, largest Fund's positions, the most important changes in the portfolio were discussed. Duration: 30 minutes.
On February 18th, 2022 audits of Milvas and Baltic Corporate Bond Fund were finalised.
During 2021 both the management company and Baltic Corporate Bond Fund experienced growth, activities were successful and profitable. Net asset value of Baltic Corporate Bond Fund grew by 108%, yearly gross IRR was equal to 9.09%, while net IRR amounted to 7.74%. Fund's TER stood at 1.55% (0.15% lower than in 2020). Full reports, with independent auditor's opinion, may be found here.
Fund's 2021 results will be presented on February 24 13:00 (Vilnius time).
Presentation will be delivered online, via Youtube. Expected duration of the event: 30 mins + Q&A session. Language: Lithuanian. After the event, link to the presentation will be published on Milvas' website.
Starting from December 2021, investors may view the amount and value of their Baltic Corporate Bond Fund units via the e-banking platform of their chosen financial institution.
During December of 2021 joint project of Milvas, SEB bank and Nasdaq Baltics, during which Balitc Corporate Bond Fund units were transfered to Nasdaq CSD, was finalized. After succesful implementation, this new infrastructure allows investors to view the amount and value of their Baltic Corporate Bond Fund units via the e-banking platform of their chosen financial institution. Both unit value and amount of units held by investors will be updated once a month, after Fund's NAV is officialy announced.
From now on the key information about the Baltic Corporate Bond Fund may be found not only on Milvas' website, but also in the Nasdaq Baltics fund center.
Baltic Corporate Bond Fund, managed by Milvas, joined the Nasdaq Baltics fund center. This will allow investors to find the key Fund's metrics, such as NAV, unit value, prospectus, articles, not only on Milvas' website, but also in the Nasdaq Baltics fund center. Information will be updated once a month.
Video presentation of Baltic Corporate Bond Fund's 2021 Q1 results (Lithuanian language only).
In addition to 2021 Q1 results, macroeconomic situation, monetary policy, also situation in the global financial markets, largest Fund's positions, the most important changes in the portfolio were discussed. Duration: 30 minutes.
On the April 28, 2021 audits of Milvas and Baltic Corporate Bond Fund were finalised
Auditors BDO auditas ir apskaita completed Milvas management company's and Baltic Corporate Bond Fund's 2020 audits. Full reports with independent auditor's opinion may be found here.
Video presentation of Baltic Corporate Bond Fund's 2020 results (Lithuanian language only).
In addition to 2020 results, macroeconomic situation, monetary policy, also situation in the global financial markets, largest Fund's positions, the most important changes in the portfolio were discussed. Duration: 60 minutes.