NASDAQ OMX Welcomes Rietumu Asset Management to Baltic Market

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| Source: NASDAQ OMX Tallinn
multilang-release

Tallinn/Riga/Vilnius, Baltic Market, August 28, 2014The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announces that as of September 1, the sub-funds Rietumu Asset Management Cash Reserve Fund-USD (ticker: RAMCRUFR) and Rietumu Asset Management Cash Reserve Fund-EUR (ticker: RAMCREFR) managed by AS Rietumu Asset Management IPS will be listed on the Baltic Fund List by NASDAQ OMX Riga.

Rietumu Asset Management has registered the open-end fund Rietumu Asset Management Cash Reserve Fund with two sub-funds: Rietumu Asset Management Cash Reserve Fund-EUR and Rietumu Asset Management Cash Reserve Fund-USD. The assets of both sub-funds are going to be invested in short-term and medium-term financial instruments.

 “We welcome Rietumu Asset Management to the Baltic Market and are particularly excited to broaden the sophisticated investment opportunities for the potential investors,” said Liene Dubava, Head of NASDAQ OMX Baltic Market Issuer Services. “We look forward to supporting Rietumu Asset Management in taking advantage on the increased investor reach, credibility and exposure that comes with a regulated market listing.”

“Our new fund is an optimal extension of bank’s investment product portfolio, which already has such products as deposits and subordinated debt. This fund matches requirements of those investors who seek high degree of stability. It is an efficient tool that allows to manage investor’s capital keeping a quick and easy access to liquidity, and profiting from investments in high quality issuers,” stated Mr. Rolf Fuls, a senior-vice president of Rietumu Banka. “Inclusion into Baltic Fund List provides multiple benefits, securing transparency and credibility of informational flow from one side, and, from the other side, improving the availability of the fund to investors.”

Prospectus and rules of Rietumu Asset Management Cash Reserve Fund as well as basic information about sub-funds can be found on AS Rietumu Asset Management IPS and on the NASDAQ OMX Baltic website.

As of September 1, 2014, the Baltic Fund List will contain 22 investment funds.

 

About AS Rietumu Asset Management IPS

AS Rietumu Asset Management IPS is a wholly owned subsidiary of AS Rietumu Banka (100% of equity capital), which provides asset management services. Investment processes of the company are based on quantitative analytical models, broad diversification principles and are targeted at stable performance in a long run.

 

About NASDAQ OMX Group

NASDAQ OMX (NASDAQ: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, NASDAQ OMX enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets.  As the creator of the world’s first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,400 listed companies with a market value of over $8.5 trillion and more than 10,000 corporate clients. Read more: www.nasdaqomx.com.

NASDAQ OMX Baltic Market is a common name for exchanges, regulated markets, alternative markets First North operated by NASDAQ OMX companies in the Baltic States, i.e. NASDAQ OMX Tallinn AS, AS NASDAQ OMX Riga and AB NASDAQ OMX Vilnius. Read more: www.nasdaqomxbaltic.com.

 

Cautionary Note Regarding Forward-Looking Statements

Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. NASDAQ OMX cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, statements about our capital return initiatives. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX’s control. These factors include, but are not limited to, NASDAQ OMX’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in NASDAQ OMX’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on NASDAQ OMX’s website at http://www.nasdaqomx.com and the SEC’s website at www.sec.gov. NASDAQ OMX undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

 

Media Relations Contact:
Dace Bulte
+371 67 212 431   

dace.bulte@nasdaqomx.com