P. Lukšio Str. 32
LT-08222 Vilnius, Lithuania
Tel. +370 5 2747016
Fax. +370 5 2747017
Email: office@ipv.lt
September 6, 2010
NSEL 30 Index
271.55
+0.66%
month to date
+3.84%
year to date
+29.53%
September 6, 2010
Fund's share value
2139.70 LTL
+0.58%
month to date
+3.75%
year to date
+26.76%
Fund's share price
LTL
EUR
distribution price:
2182.49
632.61
redemption price:
for shares held >2 years:
2139.70
619.13
for shares held 1-2 years:
2118.30
612.93
for shares held <1 years:
2096.91
606.74
NAV* (LTL)
7 465 414
* — Net Asset Value
1 EUR = 3.4528 LTL
NSEL 30 Index Fund / Advantages of investing
Advantages of investing in Lithuania:
Lithuania is a free democratic country with strong conformity to the law where contracts are honored and rights of citizens are protected.
It is profitable to invest in equities when economy is going up. Lithuanian GDP growth was 6.7% in 2002 and 8.9% in 2003 (according to preliminary calculations of Department of Statistics).
Stable currency (Lithuanian currency is linked to the Euro since February 2002).
Accounting standards are very high for companies listed on the National Stock Exchange.
If you believe that the future of Lithuania is bright and has competitive advantages over other countries then you should especially invest in equities in Lithuania.
Advantages of investing in the NSEL 30 Index Fund:
Liquidity: Investors can sell (redeem) shares at any time. Redeemed shares are paid at the latest in 7 business days but usually they are paid the same day.
Safe and reliable investment: The activity of the Fund is highly regulated by Lithuanian Securities Commission and the Lithuanian Laws. The Fund shares are kept and distributed by the largest commercial bank in Lithuania, Vilniaus bankas.
Diversification: Fund’s assets are invested to 30 companies from different economic sectors. An investment in a fund that holds 30 stocks will likely be less volatile than a less diversified equity portfolio composed of smaller number of securities.
Convenience: Participation in the long-term growth potential of the 30 stocks with one convenient, low cost investment. Investor doesn't have to follow the market every day and make buy and sell decisions. The Fund's share price is provided daily on the Fund's website. Dividends that are paid out by companies in the Fund's portfolio are automatically reinvested into the Fund so investor does not have to follow when companies pay dividends in order to reinvest them in time.
Efficiency (low cost): There are no employees in the Fund. The Fund is managed by the Management Company to whom the Fund pays only 1% of annual average net assets. Investments are passive following the NSEL 30 Index. Investment portfolio rollover is done only quarterly so brokerage commissions are very low.