OREANDA-NEWS. July 15, 2010. From 14 through 27 July 2010, the next interval is opened of the "Serebraniy Bor — precious metals" mutual fund managed by AMC of the Bank of Moscow.

The Fund was set up in April 2009 to provide clients of AMC of the Bank of Moscow with an opportunity to invest in precious metals: gold, silver, platinum and palladium. The price of a share in the "Serebraniy Bor — precious metals" mutual fund as of 30 June 2010 was 1 265.51 rubles. The share yield since the fund’s inception has been 26.55%.

As of today, the assets of the "Serebraniy Bor — precious metals" mutual fund include:

gold

46.09%;

silver

30.10%;

palladium

10.08%;

platinum

13.08%;

cash

0.65%.

"Even though the "Serebraniy Bor — precious metals" mutual fund is a conservative one among the mutual funds managed by AMC of the Bank of Moscow and its positioned as a protective instrument, the fund is demonstrating a stable yield. For instance, for the first half year of 2010, the "Serebraniy Bor — precious metals" mutual fund was rated among the top-10 highest yield interval funds, this being an excellent indicator of a fund with a conservative strategy.

Concerning the prospects for the precious metals market, we anticipate a rise in the price of gold in the second half of the year. Recent years have demonstrated a clear seasonality in the gold market, the average growth rate of gold in the second half year being 10.3% (in US dollars, 2000-2009), which is almost double the respective figure for the first half year, in which the average increase amounts to 5.2% (US dollars, 2000-2010)", noted Elena Kasyanova, CEO of AMC Bank of Moscow.

The commodity market fund "Serebraniy Bor — precious metals" enjoys a number of advantages over other instruments, in particular:

     • given the current drop in bank deposit interest rates, investment in the fund constitutes an additional opportunity to diversify personal capital for the purpose of maintaining and multiplying assets;

     • the fund’s assets are not placed in the stock market;

     • no bank commission is charged for purchase/sale of metals through unallocated bullion accounts;

     • there are no additional costs in the form of VAT on the purchase of precious metal ingots;

     • the fund’s assets are diversified into different metals: gold, silver, platinum and palladium.

The price of an investment share on which settlements will be made on the results of the interval in the event of transfer and redemption of shares in the "Serebraniy Bor — precious metals" mutual fund will be determined as of the last day of the interval — 27 July 2010.

Shares in the fund may be purchased and sold at agency points performing operations with investment shares of AMC of the Bank of Moscow located throughout Russia. Payment for shares may also be made (provided a purchase application has been submitted in advance) through all Bank of Moscow ATMs (more than 1800 machines throughout Russia). Payment is in roubles.