The fund's investment in Lithuania's government securities amounted to nearly 1.661 billion Norwegian kroner (EUR 176.8 mln) at the end of 2015, up from 711 million kroner (EUR 75.7 mln) a year before.
The fund first purchased Lithuania's government securities back in 2007 and since then continued to invest in those papers each year, except 2008.
In 2013, the fund invested 20 million kroner (EUR 2.3 mln) in Warsaw-listed AviaAM Leasing. However, that investment was cut by half last year, to 10.326 million kroner (EUR 1.1 mln). As a result, the fund's shareholding in the company decreased to 2.45%.
The fund has not made any investment in Latvia or Estonia. In Poland, it holds a 3.5% stake in transport infrastructure construction group Trakcja, which owns Kauno Tiltai (Kaunas Bridges), the Baltics' largest road and bridge construction firm.
