Seven investment funds operated in Uzbekistan in 2010

The depository said that they united 49,605 shareholders, including 40 legal entities, which possess 376,646 shares, and 49,565 individuals, owning 4,926,322 stakes of investment funds.

Aggregate cost of total assets of the investment funds made up 6.6 billion soums in nine months of 2010 and the net assets – 3.2 billion soums.

Aggregate cost of total assets rose by 418.6 million soums and net assets by 249.2 million soums in nine months of 2010.

Yield of funds decreased by 45.8% year-on-year (except Baraka and Semurg IFs, which recorded 129.3% and 90.5% yield growth correspondingly) in the reporting period.

Expenses of investment funds grew by 21.3% year-on-year, except Baraka PIF, which cut spending by 100%.

Net income of investment funds in the reporting period decreased by 59.2% year-on-year. At the same time, Oltin-Invest and Baraka achieved growth of net income 2.8 and 2.6 times respectively.

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