BCC Invest Is on Second Place on Return of UIF
OREANDA-NEWS. On April 22, 2008 BCC Invest JSC - Subsidiary of Bank CenterCredit JSC (Almaty), the member of Kazakhstan Stock Exchange (KASE) on categories "K", "P" and "H", provided to KASE the following press release, reported the press-centre of KASE:
BCC Invest JSC - Subsidiary of Bank CenterCredit JSC (Kazakhstan) is on the second place on return on Unit Investment Funds in the rating of Investfunds.kz independent information resource with its interval Unit Investment Fund CenterCredit - Premium, which was renamed into CenterCredit - Smart Balance. 23 funds of 17 managing companies participate in the rating.
From the moment of creation of CenterCredit - Smart Balance, i.e. from 15.05.2007, it showed the return of about 19% APR, and from the beginning of the year 23.77 % APR. This indicator became possible even considering that the majority of its existence time, the fund functioned during stock markets instability period.
Such return is conditioned by the reasonable approach to defining financial instruments used by the fund and balanced investment strategy. Timely responses to the market conditions changes allowed the minimizing of losses due to the global financial crisis on stock markets. The basic instruments to date are instruments with the fixed yield and more liquid shares of KASE acknowledge level and foreign stock markets.
BCC Invest JSC is continuing the extension of its products line - AFS registered the unique for Kazakhstan investment instrument - the fund of funds oriented towards the developing markets, which at present have more stable indicators. This fund will open for the Kazakhstan people the access to the world funds with the long-term successful business experience, such as First State Global Umbrella Fund, Franklin Templeton Investment Funds, Birla Sun Life Asset Management and other known funds.
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