Open-end mutual funds “VTB – Equity Fund” and “VTB – Balanced Fund” managed by VTB Capital Asset Management have been named “Best Equity Fund 2011” and “Best Balanced Fund 2011” by Business New Europe magazine.
The magazine reviewed the performance of about 60 funds whose assets are invested into Central, Eastern Europe and CIS and managed by more than 15 leading international and Russian asset management companies. The profitability of “VTB – Equity Fund” (see footnote 1) from 30 June 2010 to 30 June 2011 calculated in US dollars amounted to 47%, the “VTB – Balanced Fund” (see footnote 2) gained 37% in the same period.
Currently, there are 15 open-end mutual funds managed by VTB Capital Asset Management, including two bond funds, two mixed funds, one index fund and five diversified equity funds. The total value of the company’s assets exceeds USD 1.1bn, and the value of mutual fund net assets reached USD 100mn.
Business New Europe is a well-known English-language magazine that covers business, finance, economy and politics in Central Eastern and South Eastern Europe, as well as the former USSR.
Vladimir Potapov, Head of Portfolio Management Business at VTB Capital Asset Management, said: “We are pleased about our funds’ deserved victory and are grateful to the organizers of this award for their high assessment of VTB Capital’s work in the collective investments market. These high achievements are the result of well-coordinated and highly professional work performed by VTB Capital’s Asset Management team.”
1. Open-end Mutual Equity Fund “VTB – Equity Fund” (Fund Rules registered by FFMS of Russia on 13.09.2007, No.0968-94131582) Increase of estimated value of an investment share by 30.06.2011 calculated in rubles for 3 months: -7,55%, 6 months: 1,62%, 1 year: 32,31%, 3 years: 15,61%.
2. Open-end Mutual Mixed Investments Fund, “VTB – Balanced Fund” (Fund Rules registered by FFMS of Russia on 13.09.2007, No.0962-94131346) Increase of estimated value of an investment share by 30.06.2011 calculated in rubles for 3 months: -4,22%, 6 months: 2,33%, 1 year: 23,57%, 3 years: 33,47%.
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