During the initial half of 2023, the RWM Capital Management Company introduced three new closed-end mutual funds tailored for qualified investors.
Currently, RWM Capital oversees a total of 21 closed-end mutual funds (CEMFs) and 2 endowment funds. The combined net asset value under the company's stewardship has surpassed 77 billion rubles.
Throughout the first six months of 2023, private investors exhibited a growing interest in closed-end mutual funds. This surge is substantiated by web traffic statistics on the official website of RWM Capital Management Company, which recorded a 95% upswing compared to the corresponding period in the previous year.
Felix Blinov, CEO of RWM Capital Investment Group, noted, “Closed-end mutual funds presently rank among the most secure investment instruments in the Russian market. When considering the additional advantages of CEMFs, such as the absence of profit tax and their adaptability to specific projects, this instrument is becoming increasingly favored by investors. Furthermore, this heightened interest extends to both major institutional investors and the broader retail sector.”
Yet another promising but presently undervalued instrument in the market is endowment funds, a sector that is only beginning to take root in Russia. Currently, RWM Capital Management oversees two endowment funds, including the Russian State University for the Humanities (RSUH) Endowment Fund since 2004. The total net asset value of the endowments under the company's management stands at 15.6 billion rubles.
