Seven investment funds are working in Uzbekistan
14/10/2010 12:36
Seven investment funds are working in Uzbekistan
14/10/2010 12:36
Tashkent, Uzbekistan (UzDaily.com) -- At the end of nine months of 2010, the State Central Depository of Securities of Uzbekistan served two unit investment trusts (PIF) and five investment funds (IF), the depository said at its report.
The depository said that they united 49,620 shareholders, including 40 legal entities, which possess 376,646 shares, and 49,580 individuals, owning 4,926,322 stakes of investment funds.
Aggregate cost of total assets of the investment funds made up 6.4 billion soums in the reporting period and the net assets – 3 billion soums. Aggregate cost of total assets rose by 364.6 million soums and net assets by 328.4 million soums.
The highest growth of assets was observed at Baraka IF by 31.2%, Dustlik PIF by 25.5% and Kamalak IF by 13.6%. The lowest growth of net assets was registered at Semurg IF – 8.3%.
Yield of funds fell in average by 58.6% year-on-year (except Baraka and Semurg IFs) in the reporting period of 2010 and made up Daromad Plyus IF – 78.2%, Kamalak IF – 63.9%, Dustlik PIF – 36.3%.
At the same time, expenses of investment funds grew by 42.9% year-on-year, including expenses of Oltin Invest IF rose three times, Daromad Plyus IF – 44.5% and only Baraka IF’s spending decreased by 48.5%.
Net income of investment funds in the reporting period decreased in average by 78.7% year-on-year. At the same time, Semurg and Baraka IFs achieved growth of net income by 19.6% and three times respectively.
Aggregate investment portfolio of the seven funds rose by 6.2%, while aggregate profitability growth decreased by 49.3%. Only Baraka IF increased profitability by 103%.
The depositary said in line with the decision of regulators emission and movement of portfolio shares of Semurg, Baraka, Oltin Invest, Olim-F and Dustlik funds. Currently, they cannot meet decision of the legislation on minimal size of charter capital (US$400,000) and they will be liquidated on voluntary basis.
Central Depository underlined that it provided the results of financial activity of investment funds for the second quarter due to peculiarity of the summing of the results.
$ 1 | 12697.00 | 0.000% |
1 | 13547.70 | 0.000% |
₽ 1 | 135.05 | 0.000% |