OREANDA-NEWS. November 29, 2010. Asset Management Company of the Bank of Moscow (AMC of the Bank of Moscow) has changed the name of the Mutual Fund "Zvozdniy Boulevard — Stock Market Stare" to "Zvozdniy Boulevard — BRIC Stars". These changes to the Rules of funds managed by AMC of the Bank of Moscow have been registered by the Federal Service for the Financial Markets.

Let us recall that, in July 2010, AMC of the Bank of Moscow changed the strategy of the given fund in order to expand the investment opportunities for shareholders by offering clients the chance to invest in foreign securities of BRIC countries (Brazil, Russia, India and China). The fund’s new name thus now fully reflects its investment strategy.

The country structure of the portfolio currently appears as follows: Russia — 33.9%, China — 26.6%, Brazil — 25.1%, India — 8.1%, and cash — 6.3%. The Industry structure is as follows: oil and gas sector — 39.9%, banks — 27.3%, mining companies — 9.9%, telecommunications and IT — 9.3%, metallurgy — 4.2% and cash and other Industry — 9.4%. Alongside the stock market stares of the BRIC countries: Petrobras, Vale, China Mobile, Industrial&Commercial Bank of China, China Construction Bank, PetroChina, and Reliance Industries, the MIF’s portfolio includes shares in the biggest Russian companies: Gazprom, LUKOIL, Sberbank and Norilsk Nickel.