Corporate Communications

VTB Capital Launches BRIC Fund

27 September 2010

VTB Asset Management, part of VTB Capital, the Investment Business of VTB Group, is expanding the open-end investment funds product range by launching a new investment strategy – VTB BRIC. This new offer has been made possible through the development of the collective investment law.

The open-end VTB - BRIC Shares Fund is an innovative product for the Russian market, investment in BRIC stock markets (Brazil, Russia, India, China). BRIC economies are characterized by high growth rates and a building influence on the world economy. BRIC countries account for 24% of the world GDP by purchasing power parity (according to Bloomberg).

The new fund targets clients with aggressive investment strategy, looking to benefit from the prospective growth of emerging economies and wishing to diversify the risks of investing outside Russia.

Vladimir Potapov, Chief Investment Officer, VTB Asset Management: “VTB - BRIC Fund is a unique proposition for the Russian market and it offers our clients access to investments in a new and evolving segment of the global stock market. VTB - BRIC Fund is a new instrument, enabling our clients to invest in securities of the most dynamic economies of the world, and our company has opened an active new business line".

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