Bank of Moscow Opens Interval for Mutual Investment Fund
OREANDA-NEWS. May 28, 2010. From 1 through 14 June 2010, the next interval will be opened of the "Kuznetskiy Most" Mutual Investment Fund managed by Asset Management Company of the Bank of Moscow (AMC of the Bank of Moscow).
The assets of the "Kuznetskiy Most" consist of shares and bonds, acquisition being permitted of shares with a low liquidity but long-term prospects for high potential growth.
"In the middle of April, the Russian stock market main indices dropped by about 20% from their peak, against a background of corrections on global markets, returning to their level as of the autumn of last year. We see this correction as a good opportunity for medium-term investors with a time horizon of over 1 year to enter the market and the impending opening of the "Kuznetskiy Most "MIF interval should be considered as a convenient investment tool", noted Vladimir Vedeneev, Director of the Asset Management Department of AMC of the Bank of Moscow.
Shares in the fund may be bought and sold at agency points for operations with investment shares of AMC of the Bank of Moscow throughout Russia. Payment may also be made for shares (provided a purchase application has been submitted) through all Bank of Moscow ATMs. Payment is made in rubles.
Комментарии