On 20 December 2010, ‘VTB - MICEX Fund’, the open-end index mutual fund managed by VTB Capital, was quoted as a non-listed security on MICEX.
The fund asset structure mirrors the composition of the MICEX index structure. The index fund portfolio strategy is passive. Stock exchange quotes of the fund shares will reflect the current portfolio valuation, mirroring the composition of the MICEX index. The listing of index fund shares on the Russian stock exchange lays the foundation for the development of an issuance and listing method for index fund shares, similar to Exchange Traded Funds (ETF), as envisioned in the drafted amendments to the Investment Funds Federal Law.
Vladimir Potapov, Head of Portfolio Management Business, VTB Asset Management: “This is an important project, and we are planning to list all of our flagship funds in the near future. The circulation of the fund shares on the trading floor is, in our opinion, a way to attract more investors, who can buy and sell the shares on the exchange at a minimum spread”.
Andrei Girichev, Global Co-Head of Equities, VTB Capital: “VTB Capital sees huge development potential in stock exchange trading of VTB AM fund shares. This is a step forward in offering a better service to our clients. VTB Capital will support the liquidity of these shares on the stock exchange”.
VTB Asset Management (www.vtb-am.ru), a part of VTB Capital, the Investment Business of VTB Group (www.vtbcapital.com). VTB Asset Management was founded in 1996 and has been part of VTB, one of the best known and reliable brands in Russia, since 2006. The company offers one of the most varied product ranges in the market, managing 8 closed-end funds: 5 venture funds, 2 real estate, 1 private equity and 15 open-end mutual funds, including 4 flagship funds: open-end VTB – Share Fund (FSFR reg. # 0968 – 94131582 of 13.09.2007); open-end VTB – Bonds Plus Fund (FSFR reg. # 0958 – 94130789 of 13.09.2007); open-end VTB – Treasury Fund (FSFR reg. # 0089-59893097 of 26.02.2003); open-end VTB – Perspective Investments Fund (FSFR reg. # 0959 - 94131180 of 13.09.2007).
VTB Asset Management is fully licensed (FSFR Securities Management License #177-10038-001000 of 20.03.2007 FSFR Investment Fund, Mutual Fund and Private Pension Fund Management License # № 21-000-1-00059 of 06.03.2002).
The share price of investment funds may increase or decrease, investment results in the past do not determine returns in the future, the state does not guarantee the mutual fund investment yield. Prior to purchase of fund shares, careful study of fund management rules is recommended. For further information on the Funds and the fund management rules and other documents pursuant to the Federal Investment Funds Law, other federal regulations on the securities market, please contact: 12 Presnenskaya emb., phone 8-800-700-44-04 (toll-free), at agents’ offices or at www.vtb-am.ru.
VTB Capital (www.vtbcapital.com), the Investment Business of VTB Group, is one of the three strategic business arms of VTB Group, along with the corporate and retail businesses.
To date, VTB Capital has attracted almost USD 55bn worth of investments into Russia in equity and debt capital markets with the total amount of ECM and DCM deals closed by VTB Capital currently standing at ca. 130.
Within two and a half years, VTB Capital has become a national leader in global investment banking. Q3 2010 league tables show VTB Capital as #1 Eurobond bookrunner in the CIS, #1 local bonds bookrunner by Bloomberg and #1 local bond bookrunner in Russia and #1 Eurobond bookrunner in the CIS (Cbonds). In January – early November 2010, VTB Capital ranked #1 ECM bookrunner in Russia and the CIS (Dealogic, ThomsonReuters).
In December 2010, won “International Acclaim” nomination at “Bolshie Dengi” Banking Awards by Itogi magazine. Also, the company won the Cbonds Awards in several nominations:
- Best Bonds Research (#1)
- Best Bonds Market Sales (#1)
- Best Russian DCM Team (#1)
- Best Bonds Trading (#1)
- Best Macro Research (#2)
- Best Eurobonds Origination
In 2010, VTB Capital was named Best Russian Equity House and Best Russian Debt House at the Euromoney Awards for Excellence. In October 2010, VTB Capital has won The Banker magazine's annual Investment Banking Award, in the 'Most Innovative Investment Bank from Central and Eastern Europe 2010' category. VTB Capital analysts have also received top international accolades in 2010, including Extel Pan-Europe 2010 and All Russia Research Team (Institutional Investor).
VTB Capital offers a full range of investment banking products and services, focusing on arranging operations in the debt, equity, global commodities markets, developing private investments, investment management, advising clients on M&A and ECM deals in Russia and abroad. In Q3 2010, VTB Capital pre-tax profit amounted to RUB 16bn (ca. USD 500mn) demonstrating a 55% growth year-on-year.
VTB Capital operates in Moscow, London, Singapore and Dubai, with headquarters in Moscow
Head of Press