What surprised by mutual funds

Over the past six months the list of registered mutual funds in Russia is longer by 107 positions. The number of employees, that is fully formed, with the funds increased by 82 and reached 1256 as of February 1 (data NLU). If you look at the distribution by type of beginners and categories, you will find that most of them belong to private collections (here recorded an increase of 93 registered and 78 employees of mutual funds), and particularly with a focus on real estate. Obviously, some of them have a very indirect relation to the collective investment sector: until recently the legal envelope FTRA favorably be used for tax optimization. It also allows the owner of the assets if they wish to distance itself from direct ownership. At the same time, while preserving the dominant role of such "technical" registrations, even in closed-end funds are new to Russia products available in the market to investors. The most striking example - the funds of artistic values. Perhaps even more unusual newcomers can be found in the segment of public mutual funds. In August - January, recorded "net inflow" funds of this type by the number (19 registered and 9 employees). A year earlier, the dynamics were negative, that is, get away from the scene of mutual funds are more open than appeared. Note that the form of interval funds are less in demand. For six months the total number decreased from 79 to 74. The first steps "Sberbank". One of the remarkable events of recent months - out in the collective investment sector, with its vast Savings Bank branch network. A credit institution had acted as agent for third-party management companies - "Troika Dialog", "Solid Management" and "UFG Invest," accepting applications for the issuance and redemption of their shares. In December, started selling its own funds under management of the Criminal Code of the Savings Bank. 'Green Giant' did not invent the wheel and gave her three debutants in the simplest strategies and names: stock funds, bond fund and "balanced." It is easier to mutual funds marketed in the first stage, because they understand the wide range of investors, explained in an interview with "F." vice-president of the bank Andrey Golikov ("F.», № 46, 2010). In sales of shares planned to use more than 200 outlets across the country. The scale and brand awareness at once made themselves felt. According to the director of the Criminal Code Savings Catherine Tyurina, already at the stage of the application were received from private investors from 38 cities (with the average purchase amount was 890 thousand rubles). And as soon as mutual funds have started to work as been among the leaders in terms of funds raised. Thus, the "Savings Bank - Equity Fund" in January showed the second result in the appropriate category (fixed flow of 67 million rubles), and the "Savings Bank - the fund balance" was the third largest mutual fund of mixed investments (now in its 77 million rubles). Apparently, being guided by the same considerations as clear preference given to products and some other newcomers in the segment of public mutual funds, in particular, the Criminal Code of Nomos Bank, which registered funds of stocks and bonds and "Ronin Trust" (fund shares). Yes, and leading figures of the market are the beaten paths, adding to the line already running such funds to species that have long tried peers. This group of mutual funds include the "Raiffeisen - Equity Fund of the second echelon", "MICEX" under the Criminal Code "Promsvyaz" as well as industry "Agana-Metallurgy", "Agana-Telecom", "Mercury - Global Finance." BRIC and gold. Part of the mutual fund, created under the trendy newcomers investment ideas. Thus, the generated "Troika Dialog - Infrastructure" to invest in stocks of companies that should benefit from the modernization of the economy, in particular, on the implementation of major projects - the preparation of the APEC summit in 2012, the Universiade in Kazan in 2013, Sochi 2014 Olympic and World Cup to 2018m. The Fund will consist of 20-30 papers issuers from different industries may be buying shares in foreign companies related to infrastructure. The second "ideological," the brainchild of the same CC - open mutual fund of mixed investments "Troika Dialog - BRIC." Two CC decided to make a jump to the interest of investors trade assets. «Raiffeisen Capital» Ltd. has launched interval fund precious metals. In the formative stage is open SIF "Premium. Gold "under control" TKB BNP Paribas Investment Part-Nurse. " By "stuffing" of these products are very different. The first fund erodes its interests across the spectrum of precious metals and so far operates only through impersonal metal accounts. The second will be limited to investments in gold, and the task puts a nice shifting of funds raised from shareholders, foreign investment in shares of an index fund (ETF) called PowerShares DB Golg Fund. Similarly, the filling will look like two "regional" new funds "TKB BNP Paribas Investment Partners" - formed by the "Premium. Asia "and" Premium. Latin America ", whose rules are on the register. Their portfolios are also planned to link the two units of the respective ETF. The advantage of this scheme for investors is that their own deals with the units are within the Russian legal field. Drawback - the need to pay for work of fund-broker. Arts and robot. Unusually, the fund was to be a "Solid-Globe": announced that its management will entrust the trading robot. But in the end it did not work very well, said Director General of the Criminal Code "Solid Management" Yuri Novikov. The portfolio of the mutual fund will be formed with the help of mathematical and statistical methods, without an analysis of the fundamental characteristics of companies. Signals to buy and sell will really algorithmic system, but the final decision rests with the manager. Potential sites for bargains - approximately 400 marketable securities, primarily foreign. However, on December 31, any foreign assets in the portfolio of the fund was not, he kept the money and Russian stocks, including those not the most liquid. Yuri Novikov explained this protracted negotiation of the acquisition of foreign assets in the portfolio. Just recently solved the last legal matters, mutual funds now ready for use in normal mode. Among mutual funds closed funds stand out feature of property for which only recently emerged legislation. To form has so far been only one such mutual funds - "Atlanta Art" under the Criminal Code "Atlanta" (his collection is estimated at 133 million rubles). Meanwhile, even before the Criminal Code of "Leader" recorded the rules of the two giant compared to him FTRA "Collection" and "Assembly. The photoelectric effect. " However, to run their manager did not succeed. After the automatic elimination of the two funds to re-register the MC "Agana". In the first one to attract 1 billion rubles in the second - 3 billion Two-thirds of the period allotted for the formation, already passed, but in the FTRA still not made assets. "The payment of investment units formed foundations of art treasures made several collections, which include an unprecedented number of items. In connection with this preparatory work - the examination, evaluation, and insurance - is a laborious and lengthy process that involves a large number of experts "- commented CEO" Agany "Oleg Telipko. According to him, the preparatory phase is completed, begin immediately the transfer of property and cash as payment of investment units. At this time managers will be able to meet deadlines, promises Oleg Telipko. Add that in six months on the market formed by seven private equity funds and mixed investments. An unusual idea, and the nature of the market among them is perhaps only a "Renaissance of Abkhazia" under the same "Agany." Means that the mutual fund was planned to extend the construction of shopping and business center in the city of Sukhumi, hotels and villas in the region, as well as for projects in agriculture and medicine.