Over the first six months of 2020, the assets managed by Alfa Capital demonstrated a significant growth and reached RUR 502.47 bln ($6.9 bln) as of the end of June. The management company attracted some RUR 40 bln ($552 mio) of customers’ funds over the six months.
Open-end and exchange-trade funds account for a substantial part of the investors’ money. Their assets have increased by 26% since the beginning of the year. Customers’ assets under trust grew by 12%.
Alfa Capital maintains strong leadership in the mutual funds market and is one of the top management companies for the amount of assets in open-end mutual funds and the amount of attracted funds.
Mutual funds investors have been particularly active in the past months. In May alone, the company attracted over RUR 2.6 bln ($36 mio) in open-end investment. The private investors’ activity is linked to the continuing market growth after its collapse in March and the decreased profitability of bank deposits. The Central Bank of Russia lowered its key rate from 5.5% to 4.5% in June while the maximum profitability of deposits in the largest Russian banks dropped to 4.8%.