OREANDA-NEWS. July 24, 2009. Parex Asset Management IPAS informed that the merger of four open-end investment funds – Parex Eastern European Balanced Fund, Parex Eastern European Bond Fund, Parex Balanced Fund and Parex Eastern European Local Currency Bond Fund, managed by the Company has been completed successfully, reported the press-centre of Parex banka.

The merger of the above mentioned funds has been done in order to enhance the efficiency of funds’ performance.

As the result of such merger, the new open-ended investment fund Parex Eastern European Fixed Income Funds with two sub-funds Parex Eastern European Bond Fund and Parex Eastern European Balanced Fund has been formed (having combined open-ended investment funds Parex Eastern European Balanced Fund, Parex Balanced Fund and Parex Eastern European Local Currency Bond Fund). The Company also informs that open-ended investment funds Parex Balanced Fund and Parex Eastern European Local Currency Bond Fund were liquidated on the day of merger, i.e. on July 20, 2009.