Bank ZENIT Accounts for over 30% in OFBU Market
According to AZIPI, Bank ZENIT accounted for 32.37% of the OFBU market (RUR5.677 billion in equivalent roubles) as of 28 April 2006, and thus increased its share in April by 6.16%.
'A rapidly growing investors' interest in OFBU enables successful funds to strengthen their positions in the collective investment market', said Sergey Matyushin, Head of the Fiduciary Asset Management Department. - 'Our funds Dokhodny and Universalny have won an excellent reputation over 2.5 years: the former has established itself as one of market leaders in profitability, the latter as the best OFBU by the risk/return ratio (according to AZIPI). This year, we have offered two new OFBUs in the market (Valyutny and Perspektivny), and we have all grounds to believe that professional management and a broad range of instruments would enable these funds to receive high profitability and reliability ratings.'
Information on ZENIT's OFBU is available at http://www.zenit.ru/investserv/ofbu/
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