Lithuania's MBIV sets up pension fund manager

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LITHUANIA - Medicinos Banko Investiciju Valdymas (MBIV), the investment arm of Medicinos Bankas, one of the smallest Lithuania's commercial banks, has entered the pension fund arena, writes the Baltic News Service.

MBIV has received approval from Lithuanian regulators for the conservative and mixed investment portfolio pension funds, Pensija 1 and Pensija 2. Pensija 1 will invest in governments securities ...

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