KIEV, April 9 – Assets under management by investment companies licensed by the State Commission for Securities and the Stock Market of Ukraine (SCSSM) from the start of 2008 could reach $500-600 million by 2009, according to a commission member, Serhiy Biriuk.

"De facto, this management always has been going on: according to the statistics of the SCSSM, traders signed 45% of transactions worth UAH 150 billion per year by themselves, but they are not banks, and this was the management of securities for clients. Now, it can be formally legalized," he said at a press conference at Interfax-Ukraine in Kiev on Tuesday.