Unit Investment Trusts of MC Bank of Moscow Demonstrated Best Returns
OREANDA-NEWS. July 29, 2009. According to RBC Rating, MC Bank of Moscow funds "Zamoskvorechiye — Russian Power Industry" (1st place in the rating) and "Trubnaya Square — Russian Metallurgy" (2nd place) demonstrated the best results for the first six months of 2009 among open share funds. Since the beginning of the year, these Unit Investment Trusts have achieved returns of 138.7% and 128.38% respectively.
At the same time, the average market increase in the value of open share investment funds was, according to the information resource Investfunds. ru, 66.47%.
The MC Bank of Moscow funds are special in that their investment strategy is that, in managing the Unit Investment Trust assets, the managers invest trust-holders’ assets in the sectors envisaged by the names of the funds.
"The almost doubling in the value of the Unite Investment Trusts outstripped the market indices, this being largely connected with a correctly chosen investment strategy", says Dmitriy Skvortsov, Manager of the "Zamoskvorechiye — Russian Power Industry" and "Trubnaya Square — Russian Metallurgy" funds of MC Bank of Moscow. "For instance, during the first quarter of 2009, the resources of the "Zamoskvorechiye — Russian Power Industry" fund were actively invested in shares of grid companies, which, during the first three months, demonstrated the best results, and in the second quarter of the year, the focus was shifted to shares in tier 2 and 3 generating companies. A significant role was also played by investments in Inter RAO stock, which almost quadrupled. As for the "Trubnaya Square — Russian Metallurgy", during the first quarter we focused on investing in shares in precious metals sector companies ("Polyus Zoloto", "Polymetall"), and then moved the funds into ferrous metallurgy company paper which, in our opinion, were seriously undervalued".
Комментарии