Financial Company REAL-INVEST.kz informed on listing of shares on STF RFCA of Interval Unit Investment Fund Favorite (Kazakhstan)
01.12.08 15:48
/KASE, December 1, 08/ - Financial Company REAL-INVEST.kz (Almaty)
provided to KASE the press release of the following content:
Quotation start
Hereby, Financial Company REAL-INVEST.kz informs that on November 27,
2008, by the Expert Council decision of the Special Trading Floor of the Regional
Financial Center of Almaty into the STF RFCA official list were included shares of
management by REAL ASSET MANAGEMENT Interval Unit Investment Fund
Favorite.
This event is important because Favorite became first in Kazakhstan unit
investment fund listed on the stock exchange. Considering that this UIF initially
was created as the retail fund for the population, the Company considers that
opening of exchange trades in shares will significantly increase this instrument
investment attractiveness through the continuous liquidity development. Investors
will be able to daily sell and buy shares at market prices.
Commenting this event, Chairman of Financial Company REAL-INVEST.kz Board
of Directors B. Niyazov said: "For our group the listing of IUIF Favorite became
the important phase of our comprehensive program on promotion of our
instruments on the exchange market within the RFCA project. I believe that it is
our joint with ARA RFCA and our depositors achievement, who in spite of existed
objective difficulties trusted us with their savings. Our priority objective was
and remains retention and increase of our clients' capital".
It is no coincidence that IUIF Favorite became the first listed unit investment
fund. This fund for long time takes the leading positions on the UIF market by the
net assets cost, the growth of a share and the volume of attracted resources. At
present, the fund net assets cost makes up KZT610,267,200.80, which is the best
indicator among open and interval unit investment funds of Kazakhstan.
The fund investment strategy is aimed at achievement of the stable mid- and
long-term capital growth through the balanced assets structure to ensure the
optimal ratio of yield and risk indicators that will allow avoiding market
fluctuations and receiving higher yield in the future.
Financial Company REAL-INVEST.kz undertakes responsibilities of the fund
shares market-maker.
For reference: REAL ASSET MANAGEMENT established in 2007 as the
subsidiary of Financial Company REAL-INVEST.kz subdivision, specialized in the
securities portfolio management. As of November 27, 2008, the volume of
investment funds assets managed by Financial Company REAL-INVEST.kz and
the Company REAL-INVEST.kz and REAL ASSET MANAGEMENT makes up
KZT30,901,382,775.74.
For detailed information, please contact:
Marina Sharmar,
Head of Marketing, Advertisement and PR Department,,
Financial Company REAL-INVEST.kz,
Tel: +7 (727) 262 32 40
Email: marina.sharmar@realinvest.kz
Quotation end
[2008-12-01]