Seven investment funds operated in Uzbekistan in 9m of 2011

The depository said that they united 49,589 shareholders, including 35 legal entities, which possess 151,460 shares, and 49,556 individuals, owning 4,089,180 stakes of investment funds.

Aggregate assets of the funds made up 5.4 billion soums and net assets reached 3.2 billion soums, the depository said.

The depository said that total assets grew by 0.3 billion soums year-on-year in the result of the second quarter of 2011. Net assets increased by 0.4 billion soums.

The growth of net income was observed at Dustlik PIF (+60.6%), Baraka IF (29.2%) and Daromad Plyus (+16.2%). The growth of net assets at other IFs made up 10.1% (Kamalak) or lower.

Aggregate net income of investment funds in the second quarter of 2011 grew three times compared to the same period of 2010. At the size time, five of six funds recoreded growth of income, while Semurg IF fell from 20.8 million soums to 8.3 million soums. The largest growth of net income was recorded at Dustlik PIF – 7.5%.

All funds, except Semurg, posted the growth of the volume and yield of investment portfolios. Total growth made up 65.8 million soums and it is result of increase of par value of shares.

Central Depository underlined that it provided the results of financial activity of investment funds for the second quarter of 2011 due to peculiarity of the summing of the results.