Alfa Capital Asset Management showed fast growth in 2019 due to the increasing number of investors in the Russian stock market: total client assets under its management grew by 30% to over RUR 443.4 bln ($6.4 bln). That included open-end and interval funds totaling RUR 78.1 bln ($1 bln) and more than RUR 300 bln ($4.1 bln) put into individual trust management. Total assets managed by the company rose 16 times compared to 2009.
The number of new unique clients of the company’s investment funds and trust management grew 50% last year to over 115K. The total number of Alfa Capital Asset Management clients reached 1.2 million by the end of last year.
The company firmly holds top positions in the collective investment market in terms of individual investor funds. Over 96% of assets managed by Alfa Capital are held by individuals. The company remains the undisputed individual investment market leader.
Alfa Capital continued expansion of its investment product range in 2019. In April, the company began trading in units of its Alfa Capital S&P 500® currency exchange-traded fund on the Moscow Exchange, and in August, it launched the first euro ETF in Russia, Europe 600. Also in 2019, the company introduced the Alfa Green Investment ESG strategy.
The company is among the top 8 largest asset management companies in Russia in terms of the total amount of funds they manage. Established in 1992, it is also one of the oldest non-bank financial institutions in Russia. Alfa Capital was recognized as the Best Management Company by SPEAR’s Russia Wealth Management Awards in 2019.