Expert RA

Expert RA awarded KIT Fortis Investments an A++ rating

October 02, 2008

The Expert RA rating agency has awarded KIT Fortis Investments the top reliability and service quality rating A++ (level “exceptionally high/highest level of reliability and service quality”).

“The highest appreciation of the reliability and service quality of KIT Fortis Investments is based on the highest level of investment process organization, top quality risk-management system, faster-than-market AUM growth, and integrated software and diversified risk-management tools utilization” – mentions Head of Investment Ratings Expert RA Pavel Mitrofanov. “To install one of the best risk-management systems on the Russian market and to efficiently manage investment process the company adopted experience of its European partner – Fortis Investments. “

While considering the award the rating agency took into consideration the information background related to shareholders of the company (KIT Finance investment bank and international asset management company Fortis Investments). Agency did not find any significant risks related to the company’s shareholders.

Asset management company KIT Fortis Investments operates on the market since 2002. The company specializes on mutual funds management and segregated accounts management.

According to the Expert RA quarterly research bulletin on the asset management market by the end of the first half of 2008 KIT Fortis Investments occupied 7-th place by the total AUM. Company is ranked 7-th by AUM, 5-th – by assets in segregated accounts and 2-nd - by the value of Military Mortgage assets.

According to the Expert RA KIT Fortis Investments belongs to the first tier among the asset management companies.