Investment Holding Finam summed up the individual asset management in the third quarter of 2009. During this period, all the strategies offered to customers holding company, demonstrated a significant positive returns. The highest price dynamics in the case of portfolios with a significant equity stake. The leader was the strategy of Long-term growth, the average yield in the framework of which amounted to 81,4% in three months.
This strategy is most profitable and the first nine months of this year. During this period, the average value generated in the framework of its portfolio increased by 298.5%. This pattern has been achieved by focusing on the action - especially the second tier. Since late August, an increased demand for the securities of companies in small and mid-cap index and the RTS-2 per month for 20% ahead of the RTS. Ralli on the equity market, and the rate on a fundamentally undervalued assets have allowed us to significantly increase the investors' capital , - says head of the classical market investment company Finam Vassily Konovalov.
In the second place among the strategies that are built on fundamental analysis, - Aggressive. As part of its investment portfolios are also formed from the stocks, but, in contrast to long-term growth, a substantial proportion is given the most liquid securities. This allowed investors to receive 30,8% return for the third quarter and 96.6% since the beginning of 2009. Slightly lagged behind its strategy of balanced - 25,9% and 73% respectively. This is due to a lower level of risk, provided for the data management approach, which is achieved through the inclusion in the portfolio of bonds.
Strategy Conservative, which implies the active use of tools of the debt market, bringing customers Finam in the third quarter, 4.2% yield, but for 9 months this figure reached 40.5%. As a result, even at the maximum level of control risk investments in the stock market proved more profitable than most of the alternative instruments, such as bank deposits. Against the backdrop of stabilizing the economic situation we are going to bet on the ruble-denominated bonds, still preferring quality borrowers with possibility of inclusion in the portfolio of a small percentage of issuers from the second tier. I think this will allow us to support the attractive dynamics of conservative portfolios, - said Mr. Konovalov.
Strategy Everyone benefits, which combines fundamental analysis and mathematical methods, the last three months it possible to increase the average cost of investment portfolios at 31,4%, and since the beginning of the year - at 136%. Demonstrated high efficiency and approaches to asset management, focused mainly on mathematical methods. Quarterly rate of return for them was 48.19%, YTD - 123.63%.
Despite the fact that the current weighted average score of the RTS index of 12 returns in 2010 almost twice the historical value of the multiplier lockout P /E, the market may continue its growth, focusing more on cash flow, rather than fundamental factors. Growth investors' appetite for risk will contribute to a gradual shift in market focus towards mid and small capitalization. Among them are still a number of interesting investment opportunities that could bring a three-digit rate of return in 1-2 years. We are continuing analysis of such securities for their inclusion in their model portfolios , - said the strategist of investment company Finam Vladimir Sergievsky.
Finam summed up the management of assets in the third quarter
Investment Holding Finam summed up the individual asset management in the third quarter of 2009. During this period, all the strategies offered to customers holding company, demonstrated a significant positive returns. The highest price dynamics in the case of portfolios with a significant equity stake. The leader was the strategy of Long-term growth, the average yield in the framework of which amounted to 81,4% in three months.
This strategy is most profitable and the first nine months of this year. During this period, the average value generated in the framework of its portfolio increased by 298.5%. This pattern has been achieved by focusing on the action - especially the second tier. Since late August, an increased demand for the securities of companies in small and mid-cap index and the RTS-2 per month for 20% ahead of the RTS. Ralli on the equity market, and the rate on a fundamentally undervalued assets have allowed us to significantly increase the investors' capital , - says head of the classical market investment company Finam Vassily Konovalov.
In the second place among the strategies that are built on fundamental analysis, - Aggressive. As part of its investment portfolios are also formed from the stocks, but, in contrast to long-term growth, a substantial proportion is given the most liquid securities. This allowed investors to receive 30,8% return for the third quarter and 96.6% since the beginning of 2009. Slightly lagged behind its strategy of balanced - 25,9% and 73% respectively. This is due to a lower level of risk, provided for the data management approach, which is achieved through the inclusion in the portfolio of bonds.
Strategy Conservative, which implies the active use of tools of the debt market, bringing customers Finam in the third quarter, 4.2% yield, but for 9 months this figure reached 40.5%. As a result, even at the maximum level of control risk investments in the stock market proved more profitable than most of the alternative instruments, such as bank deposits. Against the backdrop of stabilizing the economic situation we are going to bet on the ruble-denominated bonds, still preferring quality borrowers with possibility of inclusion in the portfolio of a small percentage of issuers from the second tier. I think this will allow us to support the attractive dynamics of conservative portfolios, - said Mr. Konovalov.
Strategy Everyone benefits, which combines fundamental analysis and mathematical methods, the last three months it possible to increase the average cost of investment portfolios at 31,4%, and since the beginning of the year - at 136%. Demonstrated high efficiency and approaches to asset management, focused mainly on mathematical methods. Quarterly rate of return for them was 48.19%, YTD - 123.63%.
Despite the fact that the current weighted average score of the RTS index of 12 returns in 2010 almost twice the historical value of the multiplier lockout P /E, the market may continue its growth, focusing more on cash flow, rather than fundamental factors. Growth investors' appetite for risk will contribute to a gradual shift in market focus towards mid and small capitalization. Among them are still a number of interesting investment opportunities that could bring a three-digit rate of return in 1-2 years. We are continuing analysis of such securities for their inclusion in their model portfolios , - said the strategist of investment company Finam Vladimir Sergievsky.
Department of Public Relations and Media Investment Holding Finam.
Kudrin: BRIC will defend the parity of developing and developed countries in the IMF and WB
If the market resume its upward movement, then its purpose will mark 1 500 points on the RTS
The dollar's decline below the limit of 30 rubles to make the Bank of Russia re-enter the bidding with active currency interventions
Worse market today traded shares RTM, which in early afternoon trading declined in value at 4.38%
Demonstrate the greatest growth stocks of the banking and oil and gas sectors: VTB (4,76%), prefecture Surgutneftegaz (3.63%)
The growth of Russian stock indexes continue for another two or three weeks of October
Overview of the oil market for 05.10.09
Look at today's market
Dollar depreciated - day review of the cash markets