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News
October 28, 2009
The National Rating Agency has confirmed METROPOL Asset Management Ltd.’s individual reliability rating at AA (very high reliability, level two)
The National Rating Agency (NRA) notes in a press release that
through its reliance on METROPOL Group’s infrastructure, experience
and achievements, METROPOL Asset Management has been able to offer
a wide range of financial services to its clients, managing their
investment portfolios within the frameworks of both trust
management products and mutual funds. METROPOL Asset
Management Ltd. also offers to invest its clients’ non-state
pension fund and insurance company reserves.
Against the backdrop of the economic crisis, the Company’s
operations are focused on strengthening its market positions and
shielding its financial and economic performance from the
currently-difficult underlying factors. METROPOL Asset
Management Ltd.’s strategy is aimed at developing new lines of
business and expanding its range of services. The Company
plans to focus on improving its services’ quality and ensuring that
its clients are offered both accessible and comfortable
service.
The total volume assets managed by the Company based on Q2 2009
results stood at 8,807.43 million rubles, having grown by eight
percent for the accounting period.
“The rating score reflects the Company’s good capitalization,
stable market positions, a conservative approach to risk and the
presence of advanced risk management systems that are integrated
into the corresponding structures of the parent company. The
rating score is boosted further by (the Company’s) good liquidity
and profitability indicators, the high level of its corporate
governance, and an effective management team that has considerable
experience in investment management. The rating score also
accounts for (the Company’s) ties to METROPOL Group of companies,
which has a positive effect on the Asset Management Company’s
business development,” comments National Rating Agency Analytical
Department Head Karina Artemyeva.
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