Bank CenterCredit JSC (Kazakhstan) informed about results of activity of interval fund CenterCredit - sound balance
19.05.08 22:04
/KASE, April 12, 07/ - Bank CenterCredit JSC (Almaty), being the listing
company of Kazakhstan Stock Exchange (KASE), today spread a press
release, which says:
Quotation start
Interval share investment fund of BCC Invest JSC company of daughter
organization Bank CenterCredit JSC celebrated its first jubilee - 1 year.
During the year of its existence the fund earned for its shareholders the
income in 19% APR and since beginning of 2008 - 22% APR. This result
was possible even on high volatility markets. Unlike other funds, the Fund
showed relatively stable growth and confidently was on upper points of
profits ratings. Balanced management strategy, at the end, began to bring its
yield fruits, at the same time till the end of year; the company expects
significant growth of share value on this fund.
Decreasing of assets value, happened in August, 2007 was connected with
decreasing of indexes of all world funds at that moment. In time reaction of
management and changing of strategy and structure of the fund let to avoid
considerable expenses, and in September the growth of assets began. In the
fund structure there are securities of both domestic and foreign issuers, who
were selected and analyzed according to company's own method. At that,
these documents, based on conjuncture of the market, have big potential of
growth from 20% to 60%, which is potential, earn of shareholders.
BCC Invest company JSC has worked for 10 years already on the exchange
market. During this time, the company gained a range victories, such as
victory on International festival "Choice of 2007 year" in nomination
"Investment Bank#1", in 2006 the company got the nomination "The quickest
developing investment bank" from independent Russian informational
agency CBonds, also got diplomas for the volume of borrowing and for
leadership on the market of nonlisting bonds.
Additional information is available at
PR manager of Bank CenterCredit JSC
Mambetova Zhanna, tel.. 259-86-03
zmambeto@centercredit.kz
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[2008-05-19]