OREANDA-NEWS. April 6, 2009. The MC of the Bank of Moscow has established a new interval share investment fund "Serebryany Bor — Precious Metals". Lately, growth of investments to precious metals funds is a trend. "Serebryany Bor — Precious Metals" will become the first such share investment fund in Russia.

Purchase of precious metals by the fund will be made with the use of numbered gold, silver, platinum and palladium accounts. For the account of accumulation of funds of many investors the fund will be able to make deals on more beneficial price conditions than individual investors.

Since April 15, 2009 you can buy shares of the new share investment fund "Serebryany Bor — Precious Metals" in all offices of the Bank of Moscow. In the new share investment fund a low level of entrance of RUR 1,000 is provided. The maximum sum of investments is not limited.

Prior to the moment when the assets of the fund achieve the level of RUR 15 million and the fund is considered as formed the value of a share will amount RUR 1,000. Commission for purchase of shares for any sum will not be charged before this moment, too. In future when purchase and sale of shares discounts and premiums will be made in accordance with the regulations of the fund. Thus, purchase of shares within the period of establishment of the fund has the maximum profitability.

In 2008 the Federal Financial Markets Service of the Russian Federation approved a new Regulation on the structure of assets of share investment funds (No 08—19/pz-n of May 20, 2008), Elena Kasyanova General Director of the managing company of the Bank of Moscow said. Thanks to it today we can establish a new fund of commodities market specializing in investments in precious metals, she said.