Seven investment funds operated in Uzbekistan in 1Q 2011

The depository said that they united 49,596 shareholders, including 38 legal entities, which possess 153,060 shares, and 49,558 individuals, owning 4,926,322 stakes of investment funds.

Aggregate cost of total assets of the investment funds made up 6.6 billion soums and the net assets – 3.3 billion soums.

Aggregate cost of total assets rose by 125.8 million soums and net assets by 203.5 million soums. Yield of funds decreased by 44.2% year-on-year (except Baraka IFs, which recorded 190.9% yield growth) in the reporting period.

Expenses of investment funds grew by 26.9% year-on-year, except Dustlik PIF, which cut spending by 48.3% and Kamalak IF – by 38%.

Net income of investment funds in the reporting period decreased by 61.6% year-on-year. At the same time, and Baraka IF achieved growth of net income by 297.7%.

Investment portfolio grew by 0.5%. Aggregate growth of investment portfolio yield fell by 1.6%. Only Baraka, Oltin-Invest Ifs and Dustlik PIFs increased investment portfolio yield by 8.7%, 6.5% and 6.1% respectively.

Central Depository underlined that it provided the results of financial activity of investment funds for 2010 due to peculiarity of the summing of the results.