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VTB Capital Asset Management announced the results of 2011: AUM grew by 282%


Tags: portfolio management

Mar 2, 2012
VTB Capital Asset Management announced the results of 2011: assets under management increased by 282% and amounted to 65.7 billion rubles. Over the year, the company actively developed the key target areas: retail sales, institutional clients, and high net-worth individuals (HNWI).

In 2011, the total capital of open-end funds, managed by VTB Capital Asset Management, was greater than 2.7 billion rubles – up 12% from a year earlier. Our funds have been recognized as best in class by a study conducted by Forbes magazine. The study was based upon an assessment method developed by the Russian New Economic School (NES).

The fund “VTB – Shares of Companies with Government Participation” ranked first among equity funds. “VTB – Balanced Fund” took second place in the mixed fund category, and “VTB – Treasury Fund” took third place among bond funds.

In 2011 we expanded our sales network by entering into agent agreements with major banks in the country, raising the number of retail outlets to 600. This allowed us to become one of the leaders in open-end fund growth, which attracted more than 450 million rubles*.

To ensure that our clients have up-to-date access to information about the company, the open-end mutual funds, as well as the status of their investments; we launched a new version of the web-site complete with personal account and mobile device access.

The growth of close-ended funds amounted to almost 244%, reaching 33.6 billion rubles.

In 2011, institutional investors significantly increased the amount of assets to be managed by VTB Capital Asset Management, which reached 28.2 billion rubles – a 6 fold increase. During 2011, agreements were signed to manage the reserves of the leading insurance companies SOGAZ, Rosgosstrakh (RGS Group), and Renaissance Life. We also entered into agreements to manage the pension accounts of the leading non-state pension funds: KIT Finance, Renaissance Life and Pensions, Blagosostoyanie, Raiffeisen, System, UMMC-Perspective, the Pension Fund "Norilsk Nickel”, as well as the nation's largest endowment fund.

Over the past 3 years, VTB Capital Asset Management produced a pension savings return of 24.97%. ** Based on the research of the Russian Higher School of Economics, VTB Capital Asset Management was awarded the highest rating for the efficient management of the accumulative portion of the state pension fund.

In 2011, the company actively expanded its asset management strategy for high-net-worth individuals. Last year, this segment of customers has grown by over 40%. Qualified investors were offered a variety of updated asset management strategies; including conservative growth, aggressive growth, and strategies with capital protection. VTB Capital Asset Management was a laureate for the SPEAR'S Russia Wealth Management Award – the first Private Banking & Wealth Management award ceremony in Russia and was awarded "Best Asset Management Company for High-Net-Worth Individuals."

Vladimir Potapov, Head of Portfolio Management Business of VTB Capital Asset Management, said: "Despite the high volatility in the markets and uncertainty in the economy, we were able to achieve significant progress in all the key areas of the asset management business. The close-knit team of professionals and well-defined goals allowed us to show excellent results and attract new customers."

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