Fund "Troika Dialog-Ilya Muromets" Raises Most Investments in Russia
OREANDA-NEWS. June 24, 2011. Open-ended bond fund “Troika Dialog – Ilya Muromets” 1 led all Russian funds during May 2011 by total investments (data from RBC.Rating 2 ). Over the month of May, the fund raised R339.91 mln, or more than half of Russians’ overall bond fund investments during the month (R624.42 mln according to data from RBC.Rating). According to web portal Investfunds, Russian mutual funds of all types raised total investments of R1,042.04 mln during May.
According to Evgeny Korovin, Portfolio Manager at Troika Dialog Asset Management, "High volatility on financial markets caused investors to choose products with a less aggressive management strategy, especially bond funds. What’s more, since the start of the year our bond funds have posted excellent returns: the funds "Troika Dialog – Ilya Muromets" and "Troika Dialog – Risky Bonds" 3 returned more than 5.5% 4. We’re seeing continued strong interest in our bond funds: NAV of "Troika Dialog – Ilya Muromets" has more than doubled since the year beginning 5, while another one of our funds, "Troika Dialog – Risky Bonds," has grown at a torrid pace, its NAV increasing six-fold 6 . Lastly I will mention that the mutual funds overseen by Troika Dialog AM remain popular across all investor categories."
“Troika Dialog – Ilya Muromets” is one of Troika Dialog’s leading mutual funds and ranks among the oldest and largest bond funds in Russia. In 2010 “Troika Dialog – Ilya Muromets” provided annual yield of 17.16%. Currently, the bulk of the investment portfolio of “Troika Dialog – Ilya Muromets” consists of bonds of reliable issuers representing the first and second tiers. The possibility of still higher yield is provided by including select third-tier issuers in the portfolio. Lastly, credit risk is thoroughly accounted for: firstly through careful selection of issuers, and secondly through broad diversification to include stories with higher yield and lower weighting.
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