In 2020, Sber customers invest in mutual funds nearly twice as much as in 2019

Jan 21, 2021

In 2020, Sber customers invest in mutual funds nearly twice as much as in 2019

In 2020, Sber Asset Management customers invested RUB49 bn in exchange-traded and open-end mutual funds, which is almost 80% more than a year earlier (RUB27.3 bn).

Open-end mutual funds

According to Investfunds, the Top 10 most popular open-end mutual funds in Russia included two Sber funs.

  • Customers invested RUB9.3 bn in the Sber – Dollar-Denominated Bonds fund1, which lets you invest in Russian corporate Eurobonds and government bonds of mature economies denominated in US dollars. You can invest in the fund using the discretionary-management strategy Dollar-Denominated Bonds (known earlier as Russian Bonds (USD)).
  • Customers invested RUB7 bn in the Balanced fund2. It allows you to invest in a wide range of securities, including promising shares and bonds of major and reliable companies. By balancing between shares and bonds, the fund can be flexible reacting to stock market fluctuations.

Three of Sber’s mutual funds made it to the Top 10 highest yielding mutual funds in Russia.

  • Shares of the Consumer Sector3 fund appreciated by 56.76%. The fund invests in shares of Russian and international entities in the consumer sector, such as M.Video, Lenta, Magnit, etc.
  • Shares of the Global Internet4 fund appreciated by 56.26%. The fund lets you invest in shares of promising online companies throughout the world.
  • Shares of the Biotechnology5 fund appreciated by 45.97%. The fund invests in the shares of major biotech and pharmaceutical companies that develop new drugs6.

ETFs

The year 2020 was the most successful one for exchange-traded mutual funds of Sber Asset Management, which attracted an all-time high of over RUB35.7 bn (about RUB8 bn in 2019). ETFs are simple, and even an inexperienced investor can understand this investment tool. The job of an ETF is to replicate the evolution of the index that it copies.

Sber products ranked 1st, 2nd, and 4th among the Top 10 most popular ETFs in Russia in 2020.

  • Customers invested RUB18.7 bn in MOEX Ruble-Denominated Corporate Bond Index7 (SBRB). The fund invests in ruble-denominated bonds of major Russian companies on the MOEX Corporate Bond Index.
  • Customers invested RUB10.8 bn in the MOEX Government Bond Index fund8 (SBGB). It mirrors the MOEX index of the same name and includes a wide range of Russian government bonds.
  • Customers invested RUB4.2 bn in the MOEX Total Return Index fund9 (SBMX). It invests in the shares of major Russian companies that are part of MOEX Index, the main stock index in Russia.

This press release cites Investfunds.ru data on the yield (among mutual funds with net assets topping RUB 1 bln) and inflow of open-end and exchange-traded funds between January 1 and December 31, 2020.

Sber Asset Management JSC was registered by the Moscow Chamber of Registration on April 1, 1996. It holds license No. 21-000-1-00010 issued by FCSM of Russia on September 12, 1996, to run investment funds, mutual funds, and non-government pension funds. It’s licensed by FCSM of Russia, portfolio management license number 045-06044-001000 dd. June 7, 2002. You can learn more about the mutual funds, custodial agreement terms, and other documents the company is obliged to disclose and present complying with federal laws and other statutes and regulations of Russia at 3 Poklonnaya bldg. 1, floor 20, Moscow, 121170, on https://www.sber-am.ru, or by dialing 8 (495) 258-0534. The past performance of the securities manager does not mean the founder of the asset management firm will guarantee income in the future.

The value of investment shares can increase and decrease, previous investment results do not determine future returns, the government does not guarantee the profitability of mutual fund investments. Before acquiring investment shares, investors are advised to carefully read the rules of mutual fund custodial management (MFCM rules). MFCM rules imply markups (discounts) affecting the estimated value of investment shares when they are issued (redeemed). Applied markups (discounts) will reduce the profitability of investments in mutual fund shares.

Open-end mutual fund for market financial instruments Sber – Balanced Fund: discretionary management terms registered by the Federal Financial Markets Service of Russia on March 21, 2001, No. 0051-56540197.

Open-end mutual fund for market financial instruments Sber – Global Internet: discretionary management terms registered by the Federal Financial Markets Service of Russia on June 28, 2011, No. 2161-94175705.As of December 31, 2020, the increase in the estimated value of a share was: for 3 months (+4.90%), for 6 months (+25.04%), for 1 year (+56.26%), for 3 years (+75.74%).

Open-end mutual fund for market financial instruments Sber – Biotechnology: discretionary management terms registered by the Bank of Russia on April 23, 2015, No. 2974. As of December 31, 2020, the increase in the estimated value of a share was: for 3 months (+4.78%), for 6 months (+12.10%), for 1 year (+45.97%), for 3 years (+69.20%).

ETF RFI Sber – MOEX Government Bond Index: discretionary management terms registered by the Bank of Russia on December 24, 2018, No. 3629.

OEMF RFI Sber – Dollar-Denominated Bonds: discretionary management terms registered by the Bank of Russia on April 2, 2019, No. 3706.

ETF RFI Sber — MOEX Ruble-Denominated Corporate Bond Index: discretionary management terms registered by the Bank of Russia on July 25, 2019, No. 3785.

OEMF RFI Sberbank – Consumer Sector: discretionary management terms registered by the Federal Financial Markets Service of Russia on March 1, 2007, No. 0757-94127221. As of December 31, 2020, the increase in the estimated value of a share was: for 3 months (+5.75%), for 6 months (+35.33%), for 1 year (+56.76%), for 3 years (+56.11%).

ETF for market financial instruments Sber – MOEX Total Return Index (ETF for market financial instruments Sber — MOEX Russia Total Return) discretionary management terms registered by the Bank of Russia on August 15, 2018, No. 3555.

MOEX Government Bond Index / MOEX Russian Government Bond Index Total Return, Corporate Bond Index 1-3 (RUCBTR3Y), MOEX Total Gross Return Index / MOEX Total Return Index are stock indices calculated by Moscow Exchange PJSC. The copyright holder of the MosExchange Index and MOEX trademarks is Moscow Exchange PJSC. Moscow Exchange PJSC does not give any guarantees or assurances to third parties about the advisability of investing in financial products of Sber Asset Management JSC, based on indices calculated by Moscow Exchange PJSC. The relations between Moscow Exchange PJSC and Sber Asset Management JSC are based on the provision of a non-exclusive license to use the trademarks “Index of Moscow Exchange” and “MOEX”. Moscow Exchange indices calculated by the Moscow Exchange and directly associated with the Moscow Exchange Index trademark have been created, calculated, and maintained without reference to Sberbank Asset Management JSC and its business operations.


1 OPIF RFI Sber – Dollaroviye Obligatsii

2 OPIF RFI Sber – Sbalansirovanny

3 OPIF RFI Sber – Potrebitelsky Sektor

4 OPIF RFI Sber – Globalny Internet

5 OPIF RFI Sber – Biotekhnologii

6 You invest buy buying shares of iShares Nasdaq Biotechnology ETF.

7 BPIF RFI Sber – Indeks MosBirzhi Rublyuvykh Korporatifnykh Oblitatsiy

8 BPIF RFI Sber – Indeks MosBirzhi Gosudarstvennykh Oblitatsiy

9 BPIF RFI Sber – Indeks MosBirzhi Polnoi Dokhodnosti Brutto