Bank of Moscow Pays Off for UIT Shares in St. Petersburg and Krasnodar
OREANDA-NEWS. January 23, 2008. Starting from today payment for shares of the Unit Investment Trust of Bank of Moscow Managing Company may be executed via the Bank of Moscow ATM machines in St. Petersburg and Krasnodar. There are 48 ATM machines in St. Petersburg, and 17 ATM machines in Krasnodar. Such service is available for the first time in the market of common trust fund in these cities. Thus, the shareholders acquire the possibility of additional effective investment portfolio increase.
Yelena Kasianova, the General Director of the Bank of Moscow Managing Company said: "The Russian equity market is a part of the world stock market and incurs the same trends. As soon as the situation in the American market becomes stable the Russian market shall accelerate its increase based on its macroeconomic indices. Thus, notwithstanding all the falls, the annual income of the Russian equity market exceeds 29 per cent according to the RTS indices. Investors should start to invest funds in shares using all the newest services so as not to lose investment options appeared in result of investment opportunities change".
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