Fund Managed by MC of the Bank of Moscow Ranks First
OREANDA-NEWS. March 13, 2009. "Zamoskvorechye Russian Energy Sector" and "Trubnaya Square — Russian Metallurgy Sector" Share Investment Funds of the MC of the Bank of Moscow Gained Leading Revenue Positions as per the Results of February 2009
InvestFunds.ru published the income bearing ability rating of the open share investment funds following the results of February 2009. "Zamoskvorechye — Russian Power Energy Sector" fund managed by the MC of the Bank of Moscow ranks first, and "Trubnaya Square — Russian Metallurgy Sector", another share investment fund of the MC of the Bank of Moscow, ranks third in this rating. Overall, 441 funds were ranked by InvestFunds.ru.
The cost of a share of "Zamoskvorechye — Russian Power Energy Sector" fund increased by 33.43% in February, and "Trubnaya Square — Russian Metallurgy Sector" fund — by 23.28%.
"Zamoskvorechye — Russian Power Energy Sector" fund has grown due to the increased demand of investors in many respects and accordingly to the positive dynamics of shares of the grid energy companies, investments into which accounted for about a half of the fund’s assets. We should especially mark the shares of the Federal Grid Company of the Unified Energy System of Russia, whose shares in the fund soared almost 15% in February. The company’s shares demonstrated 50% odd growth according to the results of the latest month owing to the news regarding the inclusion into the MSCI index. "Trubnaya Square — Russian Metallurgy Sector" fund has grown at the expense of the shares of the black metallurgy sector, and also the securities of Norilsk Nickel — the companies, which gained considerable competitive advantages on the market thanks to the ruble devaluation, — Vladimir Vedeneyev, Director of the Department for Management of Assets of the MC of the Bank of Moscow, said.
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