In the first quarter of 2020, Alfa Capital maintained its position among the Top 3 largest Russian asset management companies in terms of open-end funds. At the end of March, it ranked 3rd on Investfunds.ru ranking by the size of assets in its open-end funds (its market share of individual investment funds was 15%), and also 3rd by the amount added to its open-end funds.
In 2020, two funds managed by Alfa Capital Asset Management joined the TOP-10 open-end funds by growth: Alfa Capital Balance fund raised RUR 3.71 bln ($50 mio) (44.27% yield in three years), and Alfa Capital Liquid Shares raised RUR 2.18 bln ($30 mio) (47.89% yield in three years).
Alfa Capital Technologies fund invests in large global technology companies with significant growth potential. Securities are purchased for a long time. Most of the fund’s portfolio is denominated in foreign currency. Its profitability is 70.28% in rubles for three years.
“The strongest inflows in the first quarter were recorded in equity funds, especially investing in Russian companies which showed very good results last year; funds investing in gold as a protective asset also enjoyed high demand. The strongest inflows were observed in January and February; for most of March, many investors took a wait-and-see position, and at the end of the first quarter, when it became clear that a deeper market decline was not to be expected yet, they began to invest in mutual funds again,” Viktor Bark, Director for Asset Management at Alfa Capital, commented on the situation.