OREANDA-NEWS. PioglobalUkraine Asset Management Company LLC is part of AntantaPioglobal Investment Group and will be the first Russian asset management company to operate in Ukraine. In August 2007, PioglobalUkraine AMC LLC obtained an asset management license valid until 2012.

According to Antanta Capital press-service, PioglobalUkraine AMC LLC will sell mutual investment fund units with Ukrainian investors and will also provide trust management services. It has submitted documents to the state authorities to register the following three open-ended mutual investment funds: Equity Fund, Bond Fund and Mixed Fund. Mutual fund units will be sold via agency network, and PioglobalUkraine AMC LLC is currently in talks with a number of major Ukrainian banks over the establishment of such a network.

AntantaPioglobal CEO Eugeny Kogan pointed out that this is not the first step taken by the Group on the Ukrainian stock market. “For more than two years already we’ve maintained partnership ties with a number of Ukrainian investment companies. We are keeping a close eye on the Ukrainian equity market, compile research notes on Ukrainian enterprises and believe that the stock market of Ukraine also offers good prospects as the Russian market did about a decade ago. If we compare how much cash investors earned by investing in Russian stocks at that time, it is easy to imagine what opportunities are available to Ukrainian investors. This was one of the reasons that prompted us to roll out our retail business in Ukraine”.

“We view Ukraine as one of the most interesting markets. Notwithstanding all the difficulties of the transition period that the country is going through, the Ukrainian economy exhibits stable expansion rates. In several years’ time Ukraine could turn into a new growth driver for global stock markets – the same way Russia did some years ago. We see broad vistas for the company in this region,” noted Andrey Uspensky, CEO of Pioglobal Asset Management.

The Group holds leadership positions on the Russian stock market and also includes the investment company Moscow Stock Center (http://www.mfc.ru/), Internet-broker NetTrader.ru (http://www.nettrader.ru/), and management company Pioglobal Asset Management (http://www.pioglobal.ru/). AntantaPioglobal’s consolidated monthly turnover of around $2 bn and the size of its client base rank the Group among the Russian stock market’s Top 3 leaders (based on data published by Kommersant-Dengi magazine and Antanta Capital’s internal records). Antanta Capital’s charter capital is RUR 1 bn. The company has been assigned an AA- rating (very high reliability).