Bank of Moscow Announces Results of Interval Fund
OREANDA-NEWS. February 07, 2011. AMC of the Bank of Moscow announces the results of the latest interval of commodity market Mutual Fund "Serebryaniy Bor – precious metals". During the period from 14 through 27 January 2011, the fund’s net asset value rose by 214,807 million rubles, corresponding to a 91% increase.
Most of the purchase applications for fund shares were submitted by residents of Moscow, Petro-Pavlovsk-Kamchatka, Rostov on Don, Novosibirsk, Krasnodar, Lipetsk, Cheboksary, Ekaterinburg, Yaroslavl, Irkutsk and St. Petersburg.
In 2010, the fund share value went up by 41.3%. Since the fund’s establishment in April 2009, the overall increase has been 53.39%. As of the end of the last interval, the share price was 1535.13 rubles and this is the price at which shares are allocated to shareholders who have remitted monies to purchase shares in the fund.
The next interval of Mutual Fund "Serebryaniy Bor - Precious Metals", when shares can be purchased, will be from 14 through 27 April 2011.
AMC of the Bank of Moscow – www.bm-am.ru
Mutual fund "Serebryaniy Bor - Precious Metals" – http://www.bm-am.ru/ru/vyibor/bom_uk/sereb_bor/
Weekly overview of the precious metals market – http://bm-am.ru/ru/analitika/podpiska_dragmet/
Asset Management Company of the Bank of Moscow – is one of the leaders on Russia’s asset management market. AMC of the Bank of Moscow has an individual rating of the National Rating Agency of “ААА” (maximum reliability). In 2010, AMC of the Bank of Moscow became a winner in the 3rd annual competition “Russian mutual investment market” in the category “Mass investor company”. The Bank of Moscow holds 100% of the shares in AMC of the Bank of Moscow. Licences of the Federal Service for the Financial Market of Russia No. 21-000-1-00014 of 04 February 1997 and No. 077-08114-001000 of 16 November 2007.
Detailed information about AMC of the Bank of Moscow, Mutual Funds under its management, changes in the price of fund shares and returns on investments in different periods may be found on the AMC of the Bank of Moscow website (www.bm-am.ru).
Telephone number in Moscow: (495) 925-80-00, in other cities: 8 (800) 200-23-26 (free phone).
The value of investment shares may go up and down. The state does not guarantee a return on investments in Mutual Funds. Previous figures are no guarantee of future yields. Before acquiring an investment share, the investor should familiarise himself carefully with the Mutual Fund trust management rules. Registration of the Fund’s Rules with the Federal Service for the Financial Markets of Russia: Commodity market Index Mutual Fund “Serebryaniy Bor - Precious Metals” : No. 1407-94156211 of 31 March 2009. Increase in the share price as of 31 January 2011: over 3 months: +5.69%, over 6 months: +26.63%, over 12 months: +33.59%.