Results of Activity of Interval Fund CenterCredit Were Published
OREANDA-NEWS. May 19, 2008. Bank CenterCredit JSC (Almaty), being the listing company of Kazakhstan Stock Exchange (KASE), today spread a press release, which says, reported the press-centre of KASE:
Interval share investment fund of BCC Invest JSC company of daughter organization Bank CenterCredit JSC celebrated its first jubilee - 1 year.
During the year of its existence the fund earned for its shareholders the income in 19% APR and since beginning of 2008 - 22% APR. This result was possible even on high volatility markets. Unlike other funds, the Fund showed relatively stable growth and confidently was on upper points of profits ratings. Balanced management strategy, at the end, began to bring its yield fruits, at the same time till the end of year; the company expects significant growth of share value on this fund.
Decreasing of assets value, happened in August, 2007 was connected with decreasing of indexes of all world funds at that moment. In time reaction of management and changing of strategy and structure of the fund let to avoid considerable expenses, and in September the growth of assets began. In the fund structure there are securities of both domestic and foreign issuers, who were selected and analyzed according to company's own method. At that, these documents, based on conjuncture of the market, have big potential of growth from 20% to 60%, which is potential, earn of shareholders.
BCC Invest company JSC has worked for 10 years already on the exchange market. During this time, the company gained a range victories, such as victory on International festival "Choice of 2007 year" in nomination "Investment Bank#1", in 2006 the company got the nomination "The quickest developing investment bank" from independent Russian informational agency CBonds, also got diplomas for the volume of borrowing and for leadership on the market of nonlisting bonds.