Asset Management Business Growth in Russia: Aton-Management Experience
Content Aton- M anagement Russian  E conom y Asset Management in Russia III II I
Russian Еconom y
Gross Domestic Product 1998 1999 2000 2001 2002 2003 2004 2005 2006 $bn Growth of GDP (YoY,%) 6,7 0 400 800 12 00 -5 0 5 1...
Consumer Price Index (YoY , % ) 9M 2007 1998 1999 2000 2001 2002 2003 2004 2005 2006 84 37 20 19 15 12 12 11 10 8 8
Surplus / Deficit of Federal Budget 1998 1999 2000 2001 2002 2003 2004 2005 2006 GDP % $bn 8 x growth -20 0 4 0 6 0 8 0 20...
Gold and Hard Currency Reserves $bn GDP % 1998 1999 2000 2001 2002 2003 2004 2005 2006 9 M 2007 8 x growth 0 200 300 400 5...
Net Capital Export / Import by Private Sector 1998 1999 2000 2001 2002 2003 2004 GDP % $bn 2005 2006 -30 -15 15 30 45 0 0 ...
Total  B ank  C apital 1998 1999 2000 2001 2002 2003 2004 2005 2006 $bn GDP % 2,2x growth 0 2 4 6 8 0 20 40 60 80
Asset  M anagement in Russia
Stock Inde x   Comparison for Emerging Markets   (YoY yield,  %) 83 71 8 38 41 28 -8 130 10 8 28 3 3 3 6 2 9 12 20 TA100 B...
Net Assets of Mutual Funds per Capita (end of 2006, $) 40 52 2 242 3 863 5 216 20 303 34 745 Russia India Brazil Israel Ko...
Open-End Funds (net assets, $bn) 14x growth 200 3 200 4 200 5 200 6 200 7 0 2 6 4
Closed-End Funds (net assets, $bn) 9 ,5 200 3 200 4 200 5 200 6 200 7 0 3 6 9 12
RF Pension Fund Assets under Management of External  Companies (net assets, $bn) Assets Growth 65% 200 3 200 4 200 5 200 6...
Assets of Non-federal Pension Funds (net assets, $bn) Assets Growth   60% 2003 2004 2005 200 6 0 6 12 18
Aton- M anagement
Key  Сlients Federal P ension  F und Moscow City G overnment Russian Federation Ministry of Defense Deposit Insurance Agency
Total Value of Assets  Managed by AM: $557m Non-federal pension fund reserves  Mutual  fund s 19% 57% Trust funds 16% Prop...
Total Value of Assets Managed by AM ($m) 0 2 00 6 00 4 00 2000 2001 2002 2003 2004 2005 2006 2007
Total Assets of Aton-Management’s Open-End Mutual Funds ($m) 0 30 90 60 7/05 1/06 7/06 1/07 7/07 1/05
Growth of Total AUM, % Aton-Management   Troika Dialog Uralsib I  ′ 04 I  ′ 05 III  ′ 05 I  ′ 06 III  ′ 06 I  ′ 07 III  ′ ...
Yields of Open-End Mutual Equities Funds, % (base 01/01/06) RTS Raiffeisen Capital Aton-Management   Troika Dialog Uralsib...
Yields of Open-End Mutual Balanced Funds, % (base 01/01/06) 3/06 5/06 9/06 11/06 1/07 5/07 9/07 7/06 1/06 3/07 7/07 0 10 2...
Upcoming SlideShare
Loading in …5
×

Asset Management Business Growth in Russia: Aton-Management ...

747 views

Published on

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
747
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
9
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Asset Management Business Growth in Russia: Aton-Management ...

  1. 1. Asset Management Business Growth in Russia: Aton-Management Experience
  2. 2. Content Aton- M anagement Russian E conom y Asset Management in Russia III II I
  3. 3. Russian Еconom y
  4. 4. Gross Domestic Product 1998 1999 2000 2001 2002 2003 2004 2005 2006 $bn Growth of GDP (YoY,%) 6,7 0 400 800 12 00 -5 0 5 10 15
  5. 5. Consumer Price Index (YoY , % ) 9M 2007 1998 1999 2000 2001 2002 2003 2004 2005 2006 84 37 20 19 15 12 12 11 10 8 8
  6. 6. Surplus / Deficit of Federal Budget 1998 1999 2000 2001 2002 2003 2004 2005 2006 GDP % $bn 8 x growth -20 0 4 0 6 0 8 0 20 2 4 6 8 0
  7. 7. Gold and Hard Currency Reserves $bn GDP % 1998 1999 2000 2001 2002 2003 2004 2005 2006 9 M 2007 8 x growth 0 200 300 400 500 100 0 12 18 24 30 6
  8. 8. Net Capital Export / Import by Private Sector 1998 1999 2000 2001 2002 2003 2004 GDP % $bn 2005 2006 -30 -15 15 30 45 0 0 6 12 18
  9. 9. Total B ank C apital 1998 1999 2000 2001 2002 2003 2004 2005 2006 $bn GDP % 2,2x growth 0 2 4 6 8 0 20 40 60 80
  10. 10. Asset M anagement in Russia
  11. 11. Stock Inde x Comparison for Emerging Markets (YoY yield, %) 83 71 8 38 41 28 -8 130 10 8 28 3 3 3 6 2 9 12 20 TA100 BVSP BSE100 RTS SSEC 9M 2007 2006 2005 Israel Brazil China India Russia
  12. 12. Net Assets of Mutual Funds per Capita (end of 2006, $) 40 52 2 242 3 863 5 216 20 303 34 745 Russia India Brazil Israel Korea Euro-zone United States
  13. 13. Open-End Funds (net assets, $bn) 14x growth 200 3 200 4 200 5 200 6 200 7 0 2 6 4
  14. 14. Closed-End Funds (net assets, $bn) 9 ,5 200 3 200 4 200 5 200 6 200 7 0 3 6 9 12
  15. 15. RF Pension Fund Assets under Management of External Companies (net assets, $bn) Assets Growth 65% 200 3 200 4 200 5 200 6 200 7 0 3 6 9 12
  16. 16. Assets of Non-federal Pension Funds (net assets, $bn) Assets Growth 60% 2003 2004 2005 200 6 0 6 12 18
  17. 17. Aton- M anagement
  18. 18. Key Сlients Federal P ension F und Moscow City G overnment Russian Federation Ministry of Defense Deposit Insurance Agency
  19. 19. Total Value of Assets Managed by AM: $557m Non-federal pension fund reserves Mutual fund s 19% 57% Trust funds 16% Proprietary and other funds 8%
  20. 20. Total Value of Assets Managed by AM ($m) 0 2 00 6 00 4 00 2000 2001 2002 2003 2004 2005 2006 2007
  21. 21. Total Assets of Aton-Management’s Open-End Mutual Funds ($m) 0 30 90 60 7/05 1/06 7/06 1/07 7/07 1/05
  22. 22. Growth of Total AUM, % Aton-Management Troika Dialog Uralsib I ′ 04 I ′ 05 III ′ 05 I ′ 06 III ′ 06 I ′ 07 III ′ 04 0 20 40 60 100 80
  23. 23. Yields of Open-End Mutual Equities Funds, % (base 01/01/06) RTS Raiffeisen Capital Aton-Management Troika Dialog Uralsib UFG Asset Management 0 20 40 60 100 80 3/06 5/06 9/06 11/06 1/07 5/07 9/07 7/06 1/06 3/07 7/07 Renaissance
  24. 24. Yields of Open-End Mutual Balanced Funds, % (base 01/01/06) 3/06 5/06 9/06 11/06 1/07 5/07 9/07 7/06 1/06 3/07 7/07 0 10 20 30 50 40 Raiffeisen Capital Aton-Management Troika Dialog Uralsib UFG Asset Management Renaissance

×