OREANDA-NEWS. CJSC Sberbank Asset Management announces the early formation of its two new funds: closed-end real estate mutual fund “Sberbank – Residential Real Estate” and open-ended bond fund “Sberbank – Eurobonds”. The new funds are accessible to a wide range of clients because they are categorised as mutual funds for non-qualified investors.

The asset management company has decided to carry out additional issue of shares from April 29 until May 29 due to extensive investor interest in closed-end real estate mutual fund “Sberbank – Residential Real Estate.”

The real estate fund employs a strategy of investing in the acquisition of the contractual rights for equity participation in the construction of residential buildings at the stage following receipt of approval for construction in accordance with Federal Law №214-FZ, which protects the rights of investors who purchase not-yet constructed apartments. Therefore the traditional risks of investing in unfinished real estate are significantly reduced. Investment will primarily be directed towards those properties which are financed and accredited by Sberbank.

Open-ended bond fund “Sberbank – Eurobonds” invests in dollar-denominated instruments – primarily Eurobonds of Russian issuers, but also bank deposits and rouble-denominated instruments that hedge rouble exchange rate fluctuation risks. In addition, the fund’s assets may be invested in Eurobonds of issuers from other CIS countries. The fund is managed according to an active investment strategy. Securities are selected on the basis of fundamental analysis and the fund’s portfolio is highly diversified in terms of issuers and sectors.

Shares of closed-end real estate mutual fund “Sberbank – Residential Real Estate” and open-ended bond fund “Sberbank – Eurobonds” can be purchased in Sberbank Asset Management’s office (4 Romanov Pereulok, Moscow). Soon it will be possible to acquire shares of the bond fund via our agent network.