OREANDA-NEWS. July 28, 2010. The National Rating Agency (NRA) has confirmed the individual reliability rating of the Bank of Moscow Group of Management Companies at the "ААА" level (maximum reliability). The Bank of Moscow Group of Management Companies includes Asset Management Company of the Bank of Moscow (AMC of the Bank of Moscow) and Asset Management Company "Pension Reserve" (AMC "Pension Reserve").

AMC of the Bank of Moscow was founded in 1996 and is today one of the mutual investment market leaders. AMC of the Bank of Moscow specialises in managing mutual funds, pension reserves and accumulations of non-state pension funds, and is actively developing activities in the area of individual asset management of the funds of institutional investors. Its key business consists in the retail side of mutual investments. The company manages 15 mutual funds (MF). The diverse investment strategies of the company’s mutual funds comprise a broad product range offering clients the opportunity for differentiated investment in terms of risk/yield within the framework of a single company and in consideration of the branch principle. In April 2009, the company set up a new IMF "Serebraniy Bor — precious metals", which invests in precious metals — gold, silver, platinum and palladium. Since the beginning of 2010, the mutual fund’s yield stands at 27%. Also for the purpose of expanding the investment opportunities of unit holders, AMC of the Bank of Moscow has changed the investment strategy of the "Zvyozdniy Boulevard — stars of the stock market" investment fund, the investment portfolio now to consist of foreign securities of the BRIC countries. Market clients are attracted through a developed agency network, primarily branches and subsidiaries of the Bank of Moscow (as of 1 July 2010, the agency network included 463 sales outlets, 360 of them being branches and subsidiaries of the Bank of Moscow). The results for Q2 2010 indicate assets of mutual funds under the management of AMC amounting to 6 095.7 million rubles (77.9% of the consolidated assets under the company’s management). The total assets managed by the company amount to 7 826 million rubles.

AMC "Pension Reserve" manages the funds of Russian citizens accumulated pensions, pension reserves of non-state pension funds and assets of the mutual fund, the long-term conservative strategy of which is designed to ensure savings growth, including accumulation of funds for future pensions. The company’s core business consists in management of pensions accumulations transferred to the AMC by the Pension Fund of the Russian Federation (as of the end of Q2 2010 — 3 284 million rubles, 82% of the consolidated assets managed by the company). The volume of pension accumulated under asset management by the company as increase 1.4-fold since the beginning of the year. The NRA rating of the quality of pension accumulation management includes AMC "Pension Reserve" in the group of "maximum quality level of pension accumulation management". Pension accumulations are managed within the scope of a moderately conservative strategy. The total assets managed amount to 4 017 million rubles.

Risk management of the group of companies is centralised within the Bank of Moscow for the purpose of minimising risks and increasing the level of control over correct implementation of investment strategies. This system also makes it possible to use the Bank’s reliable technological and methodological resources. The decision-making system within the company is based on the collegial principle. The current risk-management system provides for effective risk management, monitoring and timely risk-reduction measures.

The stable volume of business, positive dynamics of managed assets, as well as leading and stable positions of the company shareholder on the banking services market, have a positive impact on the rating level. The universal character of the companies’ products and services are highly appraised, as are the orientation on creating new investment products in demand in the market, work with positive returns, and the growing capitalisation of the group companies. The financial status of the companies is stable, their assets liquidity good and the investment risk ratios acceptable.