RWM Capital Management Company has completed the formation of two new closed-end mutual funds for qualified investors. The total value of the funds' net assets is more than 2.5 billion rubles.
The assets of the new funds include cash, shares of business entities, and the acquisition of real estate is planned in the future.
"Today, the demand for closed-end mutual funds in the market is already a fait accompli. We see how new management companies are appearing and new funds are being formed. It is obvious that the mutual funds have taken their strong position in the investment market. We, as apologists of this tool, cannot but rejoice at this," says Alexey Volodarsky, Deputy General Director of RWM Capital Management Company.
