Ukrainian mutual fund shares down 31% in 2008, UAIB reports
KIEV, Jan. 26 – Ukrainian mutual fund shares fell an average 30.96% in 2008, according to a survey by the Ukrainian Association of Investment Business.
The association says that SEB Fund Financial Market showed the smallest losses (a 6.41% fall).
Parex Ukrainian Balanced Fund was among leaders in fall of the Net Asset Value (NAV) (minus UAH 204.49 million, or an 82.8% fall), and the fund's investment certificates' placement among investors fell by 70.68%. |