November 22, 2012 RA «Expert-Rating» confirms the infrastructural rating of Private JSC AMC «National reserve» at the level uaА-.amc (a high level of reliability) according to the national scale. Making decision of confirming the rating, the Agency was based by the results of the Company’s activity in the 9 months of 2012.

Table 1

Key performance indicators of Private JSC AMC «National reserve»

in the 9 months of 2012, th. UAH, p.p., %

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

1. In the period from 01.10.2011 to 01.10.2012 net assets under AMC management have increased by UAH 1,23 mln and have reached to  UAH 364,9 mln. Net assets of public funds have grown by UAH 29,6 mln in the same period and have amounted to UAH 32,99 mln. At the same time, general quantity of funds under the company’s management has decreased from 30 down to 29. AMC «National reserve» has continued to increase its proportion in the Ukrainian market in spite of the decrease in business activity in the stock and bond market.

2. Revenues of AMC «National reserve» have increased by 23,7% according to the results of the 9 months of 2012, compared to the same indicator of the 9 months of 2011, and have amounted to UAH 883 th. Net profit of the Company has amounted to UAH 42 th. against the loss of UAH 4 th. according to the 9 months of 2011. The indicator ROE has also improved by 0,04 p.p. In 2012 the company has returned to the profitable activity that significantly decreases the risks of interrupting the business-processes.

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’

3. The average profitableness of public funds, which are monitored by the Agency, has amounted to 7,17% in the 9 months of 2012 that is by 3,18 p.p. higher than the same indicator of the 9 months of 2011. Against the background of the decrease in stock indices UX and PFTS by 31,75% and by 32,41%, respectively, according to the results of the 9 months of 2012, the funds of AMC «National reserve» still demonstrate positive yield. The yield dynamics on funds of AMC «National reserve» indicates the company’s capacity to defend the resources of investors from unfavorable fluctuations in the market.

Thus, AMC «National reserve» has continued the trend of profitable activity of the previous quarter according to the results of the 9 months of 2012, has increased revenues by UAH 169 th., has managed to increase net assets of funds under management up to UAH 33,99 mln with the unfavorable conditions of the fund market and has provided a slight positive yield to all its public funds.

Analytical service of RA «Expert-Rating»

Confirmation of AMC «National reserve» (english version) - 22.11.2012