/CORRECTED/ BCC Invest JSC (Kazakhstan) informs on results of activities of interval fund CenterCredit - Reasonable Balance
21.05.08 15:53
/KASE, May 21, 08, resending due to amendment of the source of information
and correction of the heading/ - BCC Invest JSC (Almaty) has provided KASE
with the press release as follows:
Quotation start
Interval unit investment fund BCC Invest JSC of Subsidiary of Bank CenterCredit
JSC celebrated its first anniversary.
The fund has earned 19 % APR income during its existence, and from the
beginning of 2008 - 22 % APR. This result has become possible even at
high volatility markets. As distinguished from other funds, the fund has
demonstrated a relatively stable growth and was at tops of yield ratings.
Balanced management strategy eventually resulted in success, and the company
expects to a fund unit to grow significantly till the end of this year.
Assets value fall in August 2007 was due to the fall of all world stock indices.
Timely management reaction and change of strategy and structure of the fund,
allowed for avoiding significant losses, and the assets started to grow in
September. The fund structure is combined of national and foreign securities,
selected and analyzed according to the company's methodology. The securities,
assuming the market situation, possess big potential for growth from 20 % to 60 %,
which is a potential profit for unit holders.
BCC Invest JSC has been operating at the stock market for more than ten years.
The company has won a number of victories, such as, the win at the international
festival "Selection of the Year 2007" in the nomination "Investment Bank No. 1",
in 2006 the company succeeded in the nomination "Fastest Developing Bank" from
an independent Russian information agency CBonds, and received diplomas for
borrowing volumes and leadership on non-listing bonds market.
Quotation end
[2008-05-21]