Promsvyazbank - Russia issued the following announcement on Feb. 21.
Open-end mutual investment funds of Promsvyaz Asset Management Company were included in the list of the best mutual funds for management quality at the end of 2019 according to Investfunds. Of the 18 funds that were included in the rating, three are managed by Promsvyaz Management Company - OPIF Promsvyaz - Shares, OPIF Kapital - Prospective Investments and OPIF Kapital - Balanced.
OPIF Promsvyaz - Promotions aims to generate income mainly by investing in shares of leading Russian companies and enterprises of various sectors of domestic industry. The fund's return for 2019 was 29.45%.
The profitability of OPIF Kapital - Prospective Investments, which is based on the stocks and receipts of the most capitalized Russian issuers, reached 36.23% in 2019, while the Moscow Exchange index grew by 28.55% over the same period.
The value of the unit investment unit investment fund “Kapital - Balanced” for 2019 increased by 23.27%. The fund’s strategy involves a combination of allocation management between stocks, bonds and cash and greater manager freedom in choosing the most attractive shares and bonds.
Units of the Unitary Investment Fund “COMMUNITY - Shares” can be purchased in the Internet Bank or the mobile application for Android. Details: https://www.psbank.ru/Personal/Wealth/MutualFonds.
Original source can be found here.