OREANDA-NEWS. May 20, 2009. The Managing Company of the Bank of Moscow made a decision on changing the name of the Olimpiysky Prospekt mutual investment fund to Ploschad Pobedy.

The Managing Company of the Bank of Moscow has made a decision on changing the name of the Olimpiysky Prospekt mutual investment fund (registered by the Federal Service for Financial Markets on 25.09.2007 under No 0998 - 94132311). This decision was made in order to avoid extra expenses out of the assets of the fund, which may arise in connection with the provisions of the Law on Preparation and Holding of the XXII Olympic Winter Games, which took effect after the formal registration of the fund’s regulations.

Despite the change of the name, the investment strategy of this mutual investment fund will remain the same. The fund portfolio consists of shares of investment demand-oriented companies, i.e. companies operating in the metallurgical sector, the tubular and cement-industry, the machine-building and constructions sector, the energy sector.

The new name of the fund remains within the conceptual strategy of the Managing Company of the Bank of Moscow, according to which all the mutual investment funds of the Company are named after various streets and squares of Moscow, and will now become Ploschad Pobedy. "We believe in future victories of Russia’s athletes and have decided to demonstrate this through the name of our investment fund," says Elena Kasyanova, Director General of the MC of the Bank of Moscow.