Press-release

(Translation from Russian)

RA «Expert-Rating» confirms the rating of Private JSC AMC «National reserve» at the level uaВВВ+.amc

 

April 4, 2012 RA «Expert-Rating» confirms the infrastructural rating of the asset management company Private JSC AMC “National reserve” at the level uaВВВ+.amc (a good level of reliability) following the results of 2011.  

Table 1

Key performance indicators of Private JSC AMC «National reserve» for 2010–2011

Source: data of AMC “National reserve”, calculations by RA ‘Expert-Rating’

 

1. In 2011 assets of AMC “National reserve” have increased by 53,94% in comparison with the 2010 and have amounted to UAH 442 433,1 th. At the same time, net assets of public funds have increased by 204,59% or by UAH 2516,4 th., while the number of public funds have decreased by 3 funds in 2011. Therefore, the growth of net assets of public funds in 2011 is caused by attracting new clients. It should be noted that despite a significant increase in net assets of public funds, the proportion of public funds in net assets under AMC management remains rather small.

2. The Company has managed to reach the profitable activity in 4Q of 2011. Net profit of the Company has amounted to UAH 3 709 th. following the results of 2011 that is in 247 times more than the same indicator of 2010. Revenues of the company have increased only by 3,29% and, therefore, have amounted to UAH 943 th. Administrative costs have also demonstrated a slight growth – 6,36%. ROE of the Company in 2011 has grown from 0,01% (in 2010) up to 2,93%, i.e. by 2,91 p.p. due to a significant increase in net profit of AMC.

3. The yield of almost all the public funds of AMC “National reserve”, demonstrated in 2011, has remained positive. But this yield of funds has decreased in comparison with the 2010. Negative result of the activity has been demonstrated by Mutual Investment Fund “Willis”, namely its yield has amounted to -8,86% according to the results of 2011. Such a difference between the yields of NPF and Mutual Investment Fund is caused by the more risky investment instruments, in which the fund “Willis” has invested its assets. As a whole, the 2011 has been unfavorable for the entire fund market of Ukraine. Key stock indices, such as UX and PFTS, have decreased by 43% and 47%, respectively following the results of the 12 months of 2011. Therefore, AMC “National reserve” has managed to prevent a significant decrease in yields of its funds under hard conditions in the fund market.

 

  Table 2

Data on the profitability of “market funds” under AMC “National reserve” management and on the value of net assets

Source: data of AMC “National reserve”, calculations by RA ‘Expert-Rating’

 

Analytical service of RA «Expert-rating»

Confirmation of  Private JSC AMC “National reserve” (english version) - 04.04.2012