Signet Bank Group Continues to Strengthen Its Investment Product Offering: Signet Baltic Bond Fund Listed on Nasdaq Riga

Today, August 6, Signet Baltic Bond Fund (hereinafter referred to as the “Fund”), an open-ended investment fund managed by Signet Asset Management Latvia IPS, the investment management company of Signet Bank Group, joins the regulated market, with fund units listed on the Nasdaq Riga Investment Fund List. The listing forms part of Signet Bank Group’s strategy to expand the range of investment products available to investors while supporting the continued development of the Baltic capital market.

Signet Baltic Bond Fund is the first open-ended investment fund in the Baltics and the first UCITS fund to be traded on the Baltic stock exchanges. The Fund’s assets under management have reached EUR 12.8 million, and its portfolio comprises 50 securities. The bond portfolio has an average yield to maturity of 8.4% and an average maturity of 2.4 years. At least 85% of the Fund’s assets are invested in bonds issued by Baltic companies. The majority of investments are in bonds issued by Latvian businesses, accounting for 65% of the portfolio, followed by Estonia at 14.6% and Lithuania at 13.8%. Investors can invest in the Fund not only by opening an account with Signet Bank, but also through investment accounts held with other banks operating in Latvia.

Liene Dubava, Chief Executive Officer of Nasdaq Riga, commented: “A strong capital market requires a diverse range of investment opportunities suited to different investor objectives and risk appetites. We are pleased to welcome Signet Baltic Bond Fund to the Nasdaq Baltic Investment Fund List. It provides investors across the Baltics with another opportunity to participate in the growth of companies in the region.”

Voldemārs Strupka, Chairman of the Board of Signet Asset Management Latvia IPS, said: “Signet Baltic Bond Fund is a unique investment product. It is the first open-ended Baltic corporate bond fund in the region, offering investors a straightforward way to invest in a diversified portfolio of Baltic corporate bonds. We are pleased that the Fund’s investment units have been listed on the Nasdaq Riga Investment Fund List. This represents an important step toward making the Fund more accessible to investors while contributing to the continued development of the Baltic capital market. The Fund’s EUR 12.8 million in assets under management demonstrates strong investor interest in Baltic corporate bonds and confidence in the region’s growth potential.”

Roberts Idelsons, Chairman of the Board of Signet Bank, said: “Signet Bank Group is working purposefully to provide Baltic companies with broader access to financing while offering investors a more diverse and accessible range of investment solutions. Signet Baltic Bond Fund connects these two sides by channeling investor capital toward financing the growth of companies in the region. With a minimum investment starting at EUR 100 and the ability to redeem an investment at any time, the Fund represents a truly unique and innovative solution for any Baltic investor seeking to grow their capital by participating in the development of local companies while earning stable and predictable income.”

In recent years, Signet Bank Group has actively supported the development of the Baltic capital market by arranging corporate bond and equity offerings for Latvian companies, advising businesses on capital-raising transactions, and developing new investment products for investors. Signet Baltic Bond Fund complements the Group’s range of investment solutions and reflects its long-term objective of creating a more accessible investment environment while expanding financing opportunities for the growth of Baltic companies.

*For the purposes of the Fund, Baltic companies are defined as companies that are incorporated, operate, or have their principal office in Latvia, Lithuania, or Estonia.

About Signet Bank Group

Signet Bank Group is one of Latvia’s leading financial services groups, providing lending, asset management, investment banking, and traditional banking services. The Group comprises the locally owned Signet Bank AS, the investment management company Signet Asset Management Latvia IPS, fintech-focused Magnetiq Bank AS, and the non-bank lenders AgroCredit AS and Primero AS.

About Signet Asset Management Latvia IPS

Signet Asset Management Latvia is an investment management company and a member of Signet Bank Group. It manages several investment funds, including Signet Baltic Bond Fund, the region’s first open-ended Baltic corporate bond fund; Sustainability Promoting Fund, Latvia’s first open-ended investment fund focused on ESG principles; Signet Bond Fund; and individually managed investment portfolios for clients.