PRESS RELEASE
21 July 2009
Parex Asset Management IPAS informs that on July 20, 2009 the merger of four
open-end investment funds - Parex Eastern European Balanced Fund, Parex Eastern
European Bond Fund, Parex Balanced Fund and Parex Eastern European Local
Currency Bond Fund, managed by the Company has been completed successfully. The
merger of the above mentioned funds has been done in order to enhance the
efficiency of funds' performance.
As the result of such merger, the new open-ended investment fund Parex Eastern
European Fixed Income Funds with two sub-funds Parex Eastern European Bond Fund
and Parex Eastern European Balanced Fund has been formed (having combined
open-ended investment funds Parex Eastern European Balanced Fund, Parex Balanced
Fund and Parex Eastern European Local Currency Bond Fund). The Company also
informs that open-ended investment funds Parex Balanced Fund and Parex Eastern
European Local Currency Bond Fund were liquidated on the day of merger, i.e. on
July 20, 2009.
About Parex Asset Management
Parex Asset Management (PAM) is the leading investment management company in the
Baltic region. PAM offers a complete range of asset management services for both
local and international clients - private persons, corporate clients,
investments funds, as well as pension plans of the 2nd and 3rd level of pension
scheme and insurance companies. The subsidiary companies of PAM provide asset
management services also to its clients in Lithuania, Russia and Ukraine.
Company representative office operates also in Kazakhstan. In 2007 company Parex
Asset Management was announced as Best Specialized Investment Management Firm in
Europe by Funds Europe magazine. PAM is a subsidiary company of Parex banka.
For additional information please contact:
Julija Kondratovich
Head of Marketing and Communications Department
Tel.: +371 67010388
E-mail: jk@parex.lv