VNESHTORGBANK INVOLVED IN COLLECTIVE INVESTMENT PROJECT

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MOSCOW, July 22 (RIA Novosti) - Vneshtorgbank (foreign trade bank) will handle the activities of unit investment funds of the Aton investment group.

Vneshtorgbank and Aton declared the implementation of the joint collective investment project, the establishment of two new open unit investment funds, Aton Stock Fund and Aton Saving Fund, reads the joint press release.

Vneshtorgbank is so much involved in a collective investment project for the first time, the press release says.

The funds will be run by the Aton Management joint stock company. Vneshtorgbank will act as specialized depository and register partners of the Aton Stock Fund and Aton Saving Fund and as an agent for granting, paying off and exchanging investment units. The bank has set up accounts of the above-mentioned funds.

The opened unit investment fund, Aton Stock Fund, is meant for those who managed to assess prospects and possibilities of the developing stock market in Russia. This is one of the simplest ways to enter the Russian stock market for a wide circle of investors.

The opened unit blend investment fund, Aton Saving Fund, is meant for those who prefer conservative ways of investment of their funds. It combines privileges of a stock fund (high profitability under elevated risk) and a bond fund (high reliability under lesser profitability).

Vneshtorgbank is one of Russia's major banks. Its authorized capital totals 42.1 billion rubles ($1=29 rubles). The Russian government is Vneshtorgbank chief shareholder (99.9%).

Vneshtorgbank has a ten-year experience of depository activities and gives services for all types of state and corporate securities. The bank also serves managers of unit investment funds.

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