The Equity and Options Trading Fund was established
Today (2022-05-31), the new Milvas-managed Equity and Options Trading Fund begins its operations.
This is an open-ended fund intended for informed investors, investing in equities (including funds investing in equities) and related derivative financial instruments. The fund's objective is to actively manage its investment portfolio and achieve an annual return greater than 10%. The fund has no defined operating period (it is evergreen), and the unit price and net asset value are calculated once a month. Liquidity for investors is also provided once a month. The minimum investment amount is 125,000 euros.
The fund has been granted permission to operate and is supervised by the Bank of Lithuania. The fund's depository is AB SEB Bank, accounting is conducted by M-Finance, and auditing will be performed by BDO Apskaita ir auditas. The initial investment in the fund was made by Milvas Asset Management Company.
Until 2022-08-31, investors who sign contracts for the purchase of units in the Equity and Options Trading Fund will not be subject to distribution fees. More information about the Equity and Options Trading Fund can be found on www.milvas.lt in the Funds and Documents sections or by contacting the management company.