Aton Management launches a string of funds on the stock exchange

Line of mutual funds of Management Company "Aton-Management"

• "Aton - Bond Fund";
• "Peter Stolypin";
• "Eurobond Fund";
• "Universum";
• "Fund 2025";
• "Infrastructure".

It may be difficult for a beginning collective investor to choose the mutual fund that is most suitable for him. In this case, he should be guided by the following considerations:

1. Decide on a strategy: conservative, balanced or aggressive. You don’t want to take too much risk and at the same time agree to a not too high, but stable return. In this case, choose conservative bond investing. If you are willing to take risks and at the same time try to increase your profitability, then opt for investing in shares of start-up and promising companies. And if you prefer the “golden mean”, then choose the mutual fund that most diversifies its assets.
2. Decide how much you can invest. However, it is better to start with small investments. It is always recommended to invest not all available funds.

Reference! Stocks are considered riskier securities than bonds. Due to this, the former are more profitable than the latter.

Let's look at the mutual funds of Aton-Management Management Company in more detail.

About company

ATON Mutual Fund is one of the leading companies that specialize in providing services in the field of money asset management. The ATON mutual fund was registered in 2000 with the Moscow Registration Chamber.

ATON has received many awards. For example, just six years after its opening, the mutual fund became a laureate of the “Financial Elite of Russia” award.

Currently, the ATON mutual fund has a degree of reliability of AA+ and is included in the category with very high reliability. ATON works with the following categories of clients:

• insurance institutions,
• individuals,
• non-profit organizations.

"Peter Stolypin"

By joining the Peter Stolypin Fund, you invest money in shares, first of all, of the largest domestic companies, and, to a lesser extent, in startups. This is a riskier investment, but also more profitable.

This mutual fund should be paid attention to those investors whose goal is a return above the market. But at the same time, they must be willing to risk their funds in the short term.

Most of the investments will be directed to the oil and gas sectors of the Russian economy.

Pyotr Stolypin has the highest net asset value, but cautious investors should pay attention to the dynamics of the share price. Thus, it had strong volatility, which may indicate a high level of risk.

To summarize

By the way, in the above comparison we forgot one important thing. We compared FXRL with Open Investment Fund Petr Stolypin. And given that we are analyzing the AMRE mutual fund, we need to subtract the annual fee of the new mutual fund of 2% from the historical profitability shown. That is, in 5 years - cut 10% from Stolypin’s total profitability, in 3 years - 6%. And now we already see a clear advantage of the index strategy: by 12 and 21% (at least during the periods under consideration).

Go ahead. When buying “BPIF AMRE Russian Shares+”, investors will incur double expenses (as it seemed to me from the description of the strategy, correct me if I’m wrong).

Watch your hands:

1. The fee for owning BUIF AMRE is 2% per year.
2. AMRE monitors the dynamics of the Open Investment Fund Petr Stolypin (the estimated value of the share, not the index, is written in the declaration).
3. The change in the estimated value of Stolypin's share already includes all expenses (5.7% annually).
4. As a result, we get: when buying an AMRE mutual fund, an investor will pay twice (albeit not explicitly): 2% and 5.7%.
5. 7.7% for owning a fund for Russian shares. For me, this is a clear overkill

"Universum"

This tool provides diversification of your assets by investing in shares of several foreign investment funds. In addition, some part of the mutual fund consists of instruments of Russian issuers. However, the fund's main currency is the US dollar.

Universum has been characterized by high share price volatility over the past year.

How to invest

Today it is possible to invest your money in the ATON mutual fund online. To do this, you don’t even need to register on the State Services website.

1. After studying the rules, prepare the necessary documents. These include a military ID or passport, TIN, and bank account details.
2. Submit an application for shares by email or at an application acceptance point.
3. Transfer the required amount to pay for the shares.
4. Receive confirmation of the purchase of shares.

Infrastructure Fund

Investing in shares of those companies whose activities are related to the improvement of Russian infrastructure. By investing in a mutual fund, you invest in areas such as:

• electric power industry;
• construction.

Over the past year, there has been a progressive increase in the value of the share.

Most of the funds will be used to finance the oil and gas sector, as well as the financial sector.

Historical returns

What is our profitability?

Let's take a five-year interval and look at the profitability chart.

Over the past 5 years, the value of the share has increased by 127.66%.

Profitability of Open Investment Fund Petr Stolypin for 5 years

Is this good or not so good?

We need to compare it with something. With what? With competitors. One of the oldest exchange-traded funds on the Russian stock market (Moscow Exchange Index) is ETF FXRL from the provider FINEX.

The official FXRL fund page has all the statistics.

FXRL fund returns over 5 years

What do we see? The returns are almost identical. Over a five-year period, the difference of 2.3% (127.66 versus 130%) can be said to be at the level of error.

But over the past 3 years, Petr Stolypin has lagged far behind FXRL: it has grown “only” by 79%, while its competitor showed 94% of profits (a difference of 15%). On an annual basis, the indicators are again identical: about 48% for both.

As we can see, when comparing returns, the stock selection strategy in Pyotr Stolypin does not provide any visible advantages over a conventional index fund represented by the same FXRL ETF. Only Stolypin’s commission is almost 6.5 times higher than that of ETFs (5.7 versus 0.9%). Even just in order to at least keep up with an index fund, mutual fund managers need to annually show a return of almost 5% above the index.

Main links of the investment chain

The company has several structural divisions, among which mutual funds are of particular importance:

1. Open investment fund "Aton-share fund". The fund's return over the previous year reached 5.48 percent per annum. The subject of investment is exclusively securities issued by national enterprises. The minimum share amount is 1 thousand rubles. The company's remuneration varies between 4-4.2 percent of the transaction amount
2. Open Investment Fund "Aton - Active Management" is an investment company that combines in its portfolio shares and securities issued by the state or municipalities. The Conservative Institute guarantees capitalists an income of 1 percent per annum. Last year's results showed a loss in the company's activities.
3. Open Investment Fund "Aton - Bond Fund" is a company that hopes to attract financial resources from investors interested in a small income that they can receive with a certain frequency
4. Open investment fund "Aton - MICEX Index" is a fund that focuses on the criteria for financial instruments by the interbank exchange index.
5. Open Investment Fund "Aton - Optimal Strategy" is a fund that tries to simultaneously realize the interests of private and institutional investors. The main element of fund management is the pension savings of capitalists who have placed their financial assets in the fund.

In the 1st quarter of 2014, the characteristic of all investment divisions of ATON Management was unprofitable transactions, the only exception was the Bond Fund, which showed a return of more than 1 percent per annum. At the same time, the largest institution, the Equity Fund, showed a decrease in the value of its shares by more than 6 percent.

The management company, like other financial institutions, offers trust management services. Property objects are most often used as management objects. Asset management is designed for a period of more than a year and is implemented by the company in accordance with the provisions of a bilateral agreement. Payment for management services the company depends on the results of its investments.

Qualified consulting

Effective transactions that generate income for the capitalist increase the amount of the management company’s commission. The financial institution offers investors the Wealth Management service, which provides the following services:

1. consulting services on profitable investments;
2. financial outsourcing;
3. analytical research of investment portfolios;
4. consulting on inheritance and tax issues.

Managed "old age"

The management company ATON Management participates in a program for investing citizens' funds intended for the payment of future pensions. Each investor can choose a company as an agent for increasing pension capital.

To do this, simply submit an application and sign a standard agreement. In 2012, the company earned a profit of 6.5 percent per annum for its clients. The main instruments for generating income are bonds issued by the state.

List of all funds of the management company

What is a mutual fund and why is it needed?

A mutual investment fund is one of the types of trust relationships between a management company (MC) and citizens. In such relationships, the management company buys securities using the funds of shareholders, and share income is distributed between them in proportion to the number of shares purchased.

It is for such investors who do not know where to invest, but want to get additional profit. Today, a mutual fund is one of the most profitable investment options, in which income can be 100% per year.

Risks

Like any type of investment, a mutual fund has its risks. So, the main risk is the probability of not making a profit. Also, when purchasing a share, an investor faces not only investment risks, but also the risks of receiving a poor quality product from his management company.

At the same time, I note that the value of shares can change both up and down. And although the state controls the activities of management companies, it is not able to influence their profitability. This once again proves the need to thoroughly familiarize yourself with the rules of the selected management company.

Newbie

The main question that a beginner has is which management company to choose for purchasing mutual funds. It is definitely worth saying that you need to trust those mutual funds that have been on the market for more than one year and that have proven themselves to be a good partner and have shown positive results in their products.

In order for novice investors to try their hand, Ingosstrakh-Investments Management Company JSC has released the Demo-UIF virtual platform. According to the rules of such a game, the investor receives 300,000 rubles, which he can dispose of as he wishes.

The user can choose the mutual fund he likes and understand in practice what happens during the process of investing money. After completing this game, you can confidently become an ATON investor.

What affects the risk level of a mutual fund

The risk of a mutual fund is changes in the share level, or volatility. For some mutual funds, the dynamics of volatility are smoothed, while for others, on the contrary, it is abrupt.

So, what exactly affects the risk level of a particular fund?

1. Change of business strategy by the management company. For example, if a mutual fund unexpectedly decides to liquidate or changes its type. A way out of this situation for an investor may be to transfer funds to another mutual fund of a real company.
2. Manager's mistakes. No one has canceled the human factor, and even the most experienced specialists can make mistakes. Risks of this kind are called operational and, as a rule, are covered by the company itself.
3. Bad faith. There are companies operating on the principle of a financial pyramid. That is, the shares purchased by the investor are not invested anywhere, and the income from them is used to attract new investors. This fact once again confirms the need to carefully check documents before purchasing shares.