Web site RBC.ru has published rating “The most profitable asset management funds of the 1st quarter of 2005”. Asset Management Fund “Center-invest First” took the first place among 27 asset management funds of the largest Russian banks. According to the information of the rating, profitability of fund “Center-invest First” exceeded 8% after the 1st quarter of the year.

According to Maxim Ryabunin, the head of Securities Department of OJSC credit bank “Center-invest”, the main reason of success of the fund is aggressive trade strategy. Asset Management Fund “Center-invest” generally works with shares and derivative instruments. During the 1st quarter of 2005 the fund counted on telecommunication sector and including on regional telecommunication companies.“Aggressiveness of trade strategy means the acceptance of additional risks by fund to reach maximum profitability, and we tell that to our clients openly.

There are deposits of ours for the conservative customers. For prudent investors we offer the possibility of combining deposits and share of Asset Management Fund in the proportion that meets the degree of risk of every client individually”, M. Ryabunin says.

Asset Management Fund presupposes long-term investment. There is a possibility to withdraw money from Asset Management Fund at any moment for the sake of customers’ comfort. The specialists recommend investing for the term of more than 1 year or, what is much better, for a few years when the investments reach maximum efficiency.

Since January 1, 2005, the growth of the share of Asset Management Fund “Center-invest First” has made up 18.88% (15.32% per annum). As of April 1, 2005, the value of fund net assets made up RUR 24.5 million; during the first quarter of 2005 it increased by 17.8%. Minimum sum of joining Asset Management Fund “Center-invest First” is RUR 25 thousand.

You can obtain up-to-date information about the fund yield on the web site of Bank Center-invest: www.centrinvest.ru