News
October 29, 2008
RIA Novosti hosts a conference “Metropol Asset Management New Strategy of Development”
Head of METROPOL Group of Companies and General Director of
Metropol Asset Management Mr. Mikhail Slipenchuk, Managing Director
of Metropol Asset Management Mr. Anatoliy Rabinovich and IFC
METROPOL Deputy General Director, PR & Corporate Relations, Mr
Mikhail Borzin took part in the press conference “METROPOL Asset
Management New Strategy of Development” hosted by RIA Novosti.
The participants told about the changes in the Metropol AM
management and explained the new strategy of development in the
financial crisis environment.
Mikhail Slipenchuk gave a detailed analysis of the situation in
the Russian and international financial markets. He pointed out
that the equity market fall down had affected “METROPOL” less than
other market participants. “Already a few years ago we realized
that the stock market cannot grow long-term and thus changed our
strategy and differentiated our activities. We were not investing
our own assets in equities,” – he said.
Besides the investment banking business METROPOL Group is active
in real estate direct investments, polymetal mining, tourism, said
M. Slipenchuk. “The equity market fall down has hardly affected
METROPOL Group. At present most of our assets are in real estate.
The only thing that worries us is the financial market liquidity,”
– he concluded.
A. Rabinovich informed that between 7 and 28 October the mutual
investment funds of METROPOL Asset Management have shown better
results than the market structure itself. “We have two major funds:
“Metropol Zolotoye Runo” Stock Fund and “Metropol Afina” Hybrid
Fund. According to the latest information the “Metropol Afina” fund
is 9.8 per cent above the market structure, and “Metropol Zolotoye
Runo” – 5.45”. Besides “Metropol Afina” is 9 per cent above the RTS
index, and “Metropol Zolotoye Runo” – 15 per cent.”
The results improvement is based on the new investment strategy,
said Rabinovich. “We have restructured the portfolios quitting less
liquid stocks, and second and third tier bonds, and have invested
in blue chips,” – he explained.
The participants were presented a new strategy of METROPOL AM
development:
active networking with the state corporations as well as
managing their assets;
new approach to the cooperation between Metropol Asset Management
and non-government pension funds;
increase of the non-government pension funds under
management;
further development of cooperation with Japanese partners, and
entering other foreign markets;
participation in the working out of the federal state program of
the mutual investment market in Russia in accordance with the
approved by the Russian government “Concept of the Long-Term
Socio-Economic Development of Russia till 2020”.
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