Asset Management Business Growth in Russia: AtonManagement Experience

1
Asset Management Business Growthin Russia
Aton-Management Experience

2
Content
3
Russian ?conomy
4
Gross Domestic Product
bn
Growth of GDP (YoY,)
6,7
1998
1999
2000
2001
2002
2003
2004
2005
2006
5
Consumer Price Index (YoY, )
84
37
20
19
15
12
12
11
10
8
8
9M2007
1998
1999
2000
2001
2002
2003
2004
2005
2006
6
Surplus / Deficit of Federal Budget
GDP
bn
8x growth
1998
1999
2000
2001
2002
2003
2004
2005
2006
7
Gold and Hard Currency Reserves
GDP
bn
8x growth
1998
1999
2000
2001
2002
2003
2004
2005
2006
9M2007
8
Net Capital Export / Importby Private Sector
GDP
bn
1998
1999
2000
2001
2002
2003
2004
2005
2006
9
Total Bank Capital
bn
GDP
2,2x growth
1998
1999
2000
2001
2002
2003
2004
2005
2006
10
Asset Management in Russia
11
Stock Index Comparisonfor Emerging Markets (YoY
yield, )
108
China
130
SSEC
-8
8
Russia
71
RTS
83
28
India
41
BSE100
38
36
Brazil
33
BVSP
28
9M2007
20
2006
Israel
12
TA100
29
2005
12
Net Assets of Mutual Fundsper Capita (end of
2006, )
34 745
United States
20 303
Euro-zone
5 216
Korea
3 863
Israel
2 242
Brazil
India
52
40
Russia
13
Open-End Funds(net assets, bn)
14x growth
14
Closed-End Funds(net assets, bn)
9,5
15
RF Pension Fund Assets under Management of
External Companies (net assets, bn)
Assets Growth 65
16
Assets of Non-federal Pension Funds(net assets,
bn)
Assets Growth 60
17
Aton-Management
18
Key ?lients
Federal Pension Fund
Moscow City Government
Russian Federation Ministry of Defense
Deposit Insurance Agency
19
Total Value of Assets Managed by AM 557m
Proprietary and other funds
8
Trust funds
16
Non-federalpension fundreserves
57
19
Mutual funds
20
Total Value of Assets Managedby AM (m)
21
Total Assets of Aton-Managements Open-End Mutual
Funds (m)
22
Growth of Total AUM,
Uralsib
Troika Dialog
Aton-Management
23
Yields of Open-End Mutual EquitiesFunds, (base
01/01/06)
24
Yields of Open-End Mutual Balanced Funds, (base
01/01/06)