OREANDA-NEWS. October 15, 2010. The new interval of Mutual Fund "Serebranniy Bor — Precious Metals" managed by Asset Management Company of the Bank of Moscow (AMC of the Bank of Moscow) is opened from 14 through 27 October 2010.

The fund was set up by AMC of the Bank of Moscow in April 2009 to provide clients with an opportunity to invest in precious metals: gold, silver, platinum and palladium. The price of a Mutual Fund "Serebranniy Bor — Precious Metals" unit as of 30 September 2010 was 1365.88 rubles.

On 30 September 2010, the assets of Mutual Fund "Serebranniy Bor — Precious Metals" included: gold 43%;
silver 31%;
palladium 12%;
platinum 12%;
cash 2%.


Since it was set up, Mutual Fund "Serebranniy Bor — Precious Metals" has demonstrated consistently high returns. As of 30 September 2010, for instance, the unit price increase amounted to:
     • since the set-up date: 36.59%;
     • over 1 year (from 30 September 2009 through 30 September 2010): 30.38%;
     • since the beginning of 2010: 22.51%;
     • since the last interval (from 27 July through 30 September 2010): 13.28%.

With a growth of 10.93%, in September Mutual Fund "Serebranniy Bor — Precious Metals" joined the Top-3 most profitable interval mutual investment funds. This growth rate is an excellent indicator for a fund with a conservative strategy. Investfunds.ru believes that the situation on the precious metals market, with gold and silver prices regaining their historical peak in September, is have a beneficial impact on the unit price rise.

According to Vladimir Vedeneyev, Director of the Asset Management Department of AMC of the Bank of Moscow, "gold is regaining its peak values since the US Federal Reserve System, after a long gap, in August started purchasing treasury bonds, thus giving rise to speculation regarding a green-back emission. The market consensus is that the US FRS is preparing for a new stage of "quantitative weakening" to stimulate the economy at the next meeting on 2-3 November. And although the consensus forecast gold price for the end of the year, being 1350 US dollars, is close to the current price and the market seems overheated, anticipation of a green-back emission might provide grounds for market players to raise their expectations".

The commodity-market fund "Serebranniy Bor — Precious Metals" has a number of advantages over other instruments and forms of investment, in particular:
     • the fund’s assets are diversified into different metals: gold, silver, platinum and palladium;
     • there is no bank commission on purchase/sale of metals through opening of bullion accounts;
     • there are none of the additional costs in the form of VAT charged on purchase of precious metal ingots.

The investment unit price at which, at the end of the interval, settlements will be made on issue and redemption of Mutual Fund "Serebranniy Bor — Precious Metals" units will be determined on the last day of the interval — 27 October 2010.

Units of the fund may be bought and sold through agency points conducting operations with AMC of the Bank of Moscow investment units throughout Russia. Payment may also be made for units (on the basis of a prior purchase application) through all Bank of Moscow ATMs. Payment is made in rubles.

Mutual Fund "Serebranniy Bor — Precious Metals" units may be acquired during the following time intervals:
     • from 14 through 27 April;
     • from 14 through 27 July;
     • from 14 through 27 October;
     • from 14 through 27 January.

Links:
AMC of the Bank of Moscow — www.bm-am.ru
Mutual Fund "Serebranniy Bor — Precious Metals" — http://www.bm-am.ru/ru/vyibor/bom_uk/sereb_bor/
Daily overview of the precious metals market — http://bm-am.ru/ru/analitika/podpiska_dragmet/