A. Avulis invests the fund I. Laursa “eiaenkl sum”



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Aware: 07-08-2020 10:22

Ilja Laursas, Chairman of the Investment Committee of Nextury Technology Fund, and Arvydas Avulis, Chairman of the Hanner Board. Company photo

The enterprising Ilja Laurss Technology Equity Fund Nextury Technology Fund attracted investment from Arvydas Avulis, a shareholder in real estate development company Hanner.

Fund representatives do not indicate a specific amount, it is revealed that A. Avulis invests a significant amount. Even with the smallest amount of this amount, A. Avulis will be one of the largest investors in this equity fund, whose net asset value is just over 1.5 million. EUR.

Entrepreneurs in the real estate sector were drawn to extremely fast-moving, high-tech companies.

The benefits of digitization and technology have been seriously eroded during the COVID19 crisis. These areas are progressing particularly fast. We started to cooperate with Nextury Technology Fund, because we believe that according to the observed results, it is one of the best Lithuanian investment funds, specializing in the field of technology, the press release quotes the Chairman of the Board of Hanner .

Since the beginning of the year, the unit value of the Nextury Technology Fund has increased by 23.07%, due to the participation of large technology companies. The fund’s NASDAQ 100 stock index, which the fund is trying to outperform, has risen 27% since the beginning of the year.

According to I. Lauris, Chairman of the Fund’s Investment Committee, both countries have agreed to long-term investment cooperation, and future investments will depend on the future performance of the fund.

According to Laors, the growth of the technology sector reflects the long-term impact of the COVID crisis on global digitization, so the positive results are only the beginning, citing portfolio positions such as Nvidia, whose shares were up 79% in the first semester.

The entrepreneur is potentially concerned about Nvidia processors, which are currently the most widely used financial technology infrastructure.

Artificial intelligence and financial technologies are one of the most changing areas in the world, therefore Nvidia’s strategic advantage in them describes investor attention and rapid growth in value, leading to technological growth, says I Laursas.

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