(Short-term highly liquid asset fund)
This Subfund has been established for the purpose of receiving a relatively stable income, retaining fast access to the invested funds. The Subfund provides an opportunity for efficient management of free assets on a short-term time horizon for its investors, by investing in short- and medium-term securities, money market instruments with low and moderate risk levels, as well as placing assets on deposits in credit institutions. The target yield of the Subfund is close to the yield of short-term debt securities and short-term saving banking products.
The time horizon of a potential investor is short-term – up to one year, and the risk tolerance is low.
The Subfund investors can be both private individuals and legal entities.
| Name of the Subfund | Rietumu Asset Management Cash Reserve Fund–USD |
|---|---|
| ISIN | LV0000400877 | Stock Ticker Symbol | RAMCRUFR |
| Date of Establishment | 1 September 2014 |
| Registration Place | Latvia |
| Status | Open |
| Currency | USD (US dollar) |
| Price Calculation | Daily |
| Purchase Commission | 0.0% |
| Sale Commission | 0.0% |
| Management Fee | 0.1% (per annum) |
| Custody fee | 0.15% (per annum) |
| Custodian bank | Rietumu Banka |
| Auditor | SIA BDO Assurance |
| Financial year | 31 December |
| The minimum investment amount | 1 000,00 USD |
Investment certificates of the Rietumu Asset Management investment funds are distributed by Rietumu Bank.
The client can acquire / sell shares of the investment funds on any business day.
The cost of shares of all Funds of Rietumu Asset Management is revalued every business day. Information about the Fund value is published on www.rietumu.lv by 12:00 Latvian time.
When Rietumu Asset Management receives and registers the client’s order for the purchase / sale of the Fund’s shares by 15:00 Latvian time, the order shall be fulfilled in accordance with the price calculated on the day of receipt of the order. When Rietumu Asset Management receives and approves the client’s order after 15:00 Latvian time, the order shall be considered as received on the next business day.
The synthetic indicator shows the Sub-fund risk category based on the Sub-fund return fluctuation indices during the previous five years. /p>
To calculate the synthetic indicator for the period when there is no Sub-fund information available, the benchmark return data are used.
The benchmark is the Bloomberg USD Investment Grade Composite 1-3 Years Bond Index.
The Sub-fund is included in the first risk category, as the historical year fluctuation of the Sub-fund return data is within the interval of 0.0% to 0.5%. The lower category does not mean that there is no risk. Historical data of the synthetic indicator cannot be a safe performance index in the future. The indicated risk category is not guaranteed and can change in the course of time.
There is no guarantee that the Subfund will reach its investment goals, and even figures of previous operations cannot serve as an indicator of future income.