“We see big potential for investment in the stocks of Baltic companies – equity funds are projected to grow further amid economic recovery. And excellent knowledge of the Baltic regional market let us expect positive investment returns for existing and future clients of the fund, Lithuania’s and foreign investors,” Tomas Krakauskas, deputy CEO of Finasta Asset Management, said in a press release.
The investments of Prudentis Baltic Fund are now mostly concentrated in Vilnius and Tallinn stock markets. However, up to 50 percent of the fund’s assets may be invested in companies which are active in the Baltic countries and are listed on Scandinavian or Polish markets.
Finasta Asset Management is one of the largest asset management companies in Lithuania with more than 350 million litas (EUR 101.45m) in assets under management and more than 50,000 clients.
Snoras is currently looking for a new investor for Finasta group.
