OREANDA-NEWS. May 4, 2010. OJSC Management Company Ingosstrakh Investments has reported its preliminary operating results for 2009. The total amount of funds managed by the Company is 17,222 mln rubles as of December 31, 2009. As in the previous period, pension reserves and savings, and insurance companies' reserves became the drivers of the asset growth.

Basic financial and economic indicators for 2009 showed positive dynamics. Thus, the amount of pension reserves of the National Pension Fund reached the point of 1.122 bln rubles.  (+26%), the amount of pension savings with the National Pension Fund reached the point of 3.366 bln rubles. (+161%), the amount of pension reserves of the National Pension Fund reached the point of 38.45 mln rubles. (+20%), and insurance companies’ reserves amounted to 7.929 bln rubles. (+151%). From year-to-date, the company's assets increased by 10.74% and achieved the point of 17,222 mln rubles at the end of the year. The Management Company's equity capital increased by more than three times during the reporting period and exceeded the amount of 302 mln rubles.

Performance of mutual investment funds managed by the Management Company Ingosstrakh Investments is one of the best in the market. Thus, ‘Ingosstrakh - Money Market’ mutual investment fund became a leader in attracting funds among open and interval mutual investment funds in February.  ‘Ingosstrakh - Obligatsii’ became the best among the most popular mutual investment funds in the semester and the absolute leader in attracting money from fund investors, according to the year-end operating results. The amount of money attracted to this mutual investment fund since the beginning of the year was 357 mln rubles.   Apart from the success in money attraction, the Company’s mutual investment funds repeatedly became the most profitable ones. According to the first two months performance results, ‘Ingosstrakh – Dividendny’ mutual investment fund was recognized as the most profitable fund with the fund’s unit value increase by 134%. According to the annual operation results, ‘Ingosstrakh – Growth Shares’ mutual investment fund  earned 219% per annum, ‘Ingosstrakh – MICEX Index’ - 119%, ‘Ingosstrakh – Shares’ increased by 86%, ‘Ingosstrakh Balanced’ – by 75%, ‘Ingosstrakh – Pensionny’ – by 38%, ‘Ingosstrakh – Obligatsii’ - by 25%, and ‘Ingosstrakh – Money Market’ - by 12% per annum.

Besides good key indicators of the Management Company's activity for the last year, it is worth mentioning the increase of the individual reliability rating up to the maximum level, winning in 4 competitions for the management of assets of self-regulating organizations' indemnification funds and the 3-d place in the trustees profitability rating drawn up by the Housing and Public Utilities Fund at the beginning of the year.

The last year was, certainly, very difficult for the collective investment market, and for many of its participants it became a real sustainability test. We passed this test and justified the trust of our clients. We faced a real challenge – to win back the losses sustained during the economic crisis of 2008 and, regardless of the fears of the second wave of the crisis, to achieve high profitability indicators. The Company’s key financial and economic figures for the year allow us to assert that we have successfully coped with this difficult and multifaceted challenge. Thus, the annual results indicate that the Company's net profit amounts to almost 250 mln rubles. Other evidence of the efficient management of our clients' funds is the Company's high ranks in public ratings and awards in some specialized competitions held by independent experts. During the year the Management Company Ingosstrakh Investments operated very professionally and accumulated an extensive experience of work with default securities helping its clients to solve their long-lasting problems with unfair issuers. Today we are optimistic about the future. We are working towards perfection and efficiency and are sure that the collective investment market has great prospects in Russia, said Farid Yunusov, General Director of the Management Company Ingosstrakh Investments.