MC Bank of Moscow Opens Precious Metals Unit Investment Trust
OREANDA-NEWS. January 18, 2010. The next interval opens of the Unit Investment Trust "Serebryaniy Bor — precious metals" under the management of MC Bank of Moscow.
The next interval opens of the Unit Investment Trust "Serebryaniy Bor — precious metals" under the management of MC Bank of Moscow will be open from 14 to 27 January 2010.
On 31 December 2009, the price of a unit in Unit Investment Trust "Serebryaniy Bor — precious metals" was 1114.91 roubles.
The price of the investment unit at which, on the results of the interval, payment will be made on transfer and redemption of units in Unit Investment Trust "Serebryaniy Bor — precious metals" will be determined as of the last day of the interval — 27 January 2010.
The precious metals are acquired for the trust on the inter-bank market at the London Gold Fix, London Silver Fix, London Platinum Fix and London Palladium prices.
As of today, the assets of Unit Investment Trust "Serebryaniy Bor — precious metals" include:
— gold 51.9%;
— silver 29.5%;
— palladium 6.6%;
— platinum 11.2%;
— cash 0.8.
Unit Investment Trust "Serebryaniy Bor — precious metals" is intended for investors who wish to avoid the risks of investing in the stock market. Recommended investment term — at least 1 year.
Trust units may be sold and purchased at agency points for investment unit operations of MC Bank of Moscow located throughout Russia. Payment for units (given a previously submitted purchase application) may also be made through all Bank of Moscow ATMs. Payment is made in roubles.
"In spite of the rapid rise in prices last year, the precious metals market retains substantial potential that, on the one hand, is maintained by investment demand, given the low level of interest rates, and on the other hand by the rise in real demand in the global economy", noted Vladimir Vedeneev, Director of the Asset Management Department of MC Bank of Moscow.
Links on the topic:
MC Bank of Moscow — www.bm-am.ru
Unit Investment Trust "Serebryaniy Bor — precious metals" — www.bm-am.ru/ru/vyibor/bom_uk/sereb_bor/
Weekly overview of the precious metals market — www.bm-am.ru/ru/analitika/podpiska_dragmet/
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