Translartion. Region: Russians Fedetion –
Source: Moscow Exchange – Moscow Exchange –
Marketplace for money Financial Services of the Moscow Exchange and the management company Alfa-Capital have started selling proprietary funds — shares of open-end mutual investment funds (OPIF) created to implement investment strategies of famous financial experts. The funds are managed by popular opinion leaders with extensive investment experience who will share their solutions and market vision with investors.
A product that is innovative for the Russian collective investment industry is available for purchase at marketplace Finuslugi and on the website of the Alfa Capital Management Company. The marketplace and the management company provide all stages of the funds’ functioning, while the authors of strategies have the opportunity to form fund portfolios based on their own expertise and assessment of the prospects of investment ideas. The rules of trust management of funds are registered by the Bank of Russia.
The new product line includes three funds:
“Black Line” managed by Nazar Shchetinin, the author of the “Harmful Investor” Telegram channel. The fund will focus on stocks of companies that can create value for their holders, while the expert will open positions during periods of active business development. “The Magnificent Seven” managed by Ivan Kreynin, the author of the Investment Diary Telegram channel. Based on seven key criteria, the fund’s portfolio will select stocks that can show growth in any market environment. “Matryoshka a la Rus” managed by Konstantin Kudritsky, the author of the “Ask Vasilich” Telegram channel. The portfolio, diversified by asset class, will include stocks and bonds of companies from many industries that react differently to the economic situation.
The funds are available to non-qualified investors, the minimum investment amount is 100 rubles. The total limit on expenses and remuneration provided for by the rules of trust management of the funds is 2.5% of the average annual value of the fund’s net assets. You can leave the fund without restrictions, no commission is charged for buying and selling on the Finuslugi marketplace.
“Funds managed by invited experts are an absolute breakthrough in the Russian financial market. We offer clients the opportunity not only to follow the authors of well-known investment channels, but also to participate in their strategy. Finuslugi creates an accessible way to invest in fund shares: marketplace clients do not need to open a brokerage account, they just need to top up their wallet and buy the asset they like,” said Igor Alutin, Senior Managing Director for Retail Business, Development of Electronic Platforms and the Finuslugi Project at Moscow Exchange.
“Author funds are not just open-end mutual funds, they are funds with a public manager, to whose feed investors will soon have access directly within the marketplace, where fund news, webinars and the author’s thoughts on strategy and completed transactions will be published. We hope that the new product will give a powerful impetus to the popularization of collective investments, and will also attract the attention of other market participants to the practice of creating author funds,” said Boris Blokhin, Managing Director for the Stock Market at Moscow Exchange.
“Launching funds managed by invited experts is a fairly common practice in foreign markets, a proven one. Combining the resources of the management company, expertise and audience coverage of the creators of proprietary strategies will attract additional attention to the retail mutual fund industry and will contribute to the growth of popularity of the portfolio approach to investments in general. We are confident that the joint project with Finuslugi will open a new chapter in the development of the product offer on the Russian market for a larger number of retail investors,” commented Elena Chikulaeva, Strategy Director of Alfa Capital Management Company.
Finuslugi is a marketplace for money created by the Moscow Exchange. On Finuslugi, you can select and open bank deposits online 24/7, take out cash loans, purchase mutual fund units, OSAGO, CASCO, mortgage insurance, real estate insurance policies, as well as public bonds of companies and Russian regions. You can top up deposits and accounts on Finuslugi for free using the Fast Payment System (FPS). The service can be used regardless of the region, anywhere in Russia and the world. More details on website.
Alfa Capital Management Company is one of the largest companies in the asset management market. Alfa Capital Management Company was established in 1996 and is a pioneer in the asset management market for private, institutional and corporate investors.
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