Investing in securities is a job that needs to be done professionally. To do so, you need to have profound knowledge of stock market exchange and solid work experience, which is usually accumulated over the years. By deciding to invest in securities independently, you commit yourself to spending a lot of time and money. Yet, do you necessarily need to spend so much effort on the in-depth study of a new profession? Remember that long-term stable results can be provided only by a professional portfolio manager having many years of experience, access to high-quality and reliable information with corresponding infrastructure.
Our company has a team of professionals with many years of experience that will gladly help and guide you in various investment opportunities offered by the securities market and form a portfolio just right for you.

Placing things in focus.
Securities asset management offered by OJSC RUSS-INVEST Investment Company means:

• Custom-tailored approach to the needs of each Trustor.
• Maximum risk control.
• Freedom of choice: you have the opportunity to either choose a ready investment strategy or develop your own.
• Professional portfolio managers.
• No tight investment limits: minimum recommended amount of investments is 1 million roubles.
• No tight investment term limits.
• High liquidity of assets: the assets under asset management can be withdrawn at any time convenient to the Trustor.
• High transparency of operations: a flexible reporting system enables you to “feel the pulse” of your investments.
• Your asset manager is always online: information and analytical customer support, regular meetings and seminars.
• We are interested in your success: our fees directly depend on the results we achieve.
• Confidentiality of all operations.
• Strict compliance with the current legislation of the RF.

Custom-tailored approach to the needs of each Trustor.
The main guiding principle of asset management followed by OJSC «IC RUSS-INVEST» in the course of managing the assets of our Trustors is custom-tailored approach and the use of existing strategies for optimization of the risk/yield ratio in accordance with the investment policy selected by the Trustor. The asset manager does not combine money of all Trustors in a pool, but works with the accounts of each Trustor individually, which significantly decreases the Trustor’s investment risks. Individual asset management means personal risk control of each Trustor’s personal account.

Goal. The ultimate goal of our asset managers is the preservation and growth of the Trustor’s assets, as our fee depends on the amount of the profit earned.

Subject. The subjects of asset management may be:

• Securities.
• Money to be invested in securities.
• Money and securities acquired in the process of securities management.

Term and amount. For the purposes of creating an effective personal
strategy and a portfolio with optimum differentiation the
recommended amount of investments is 1 million roubles and the
recommended minimum term of asset management is 1 year
Fees. We are interested in successful asset management, as our fee directly depends on the results we achieve. The Trustee’s fee consists of two parts:

Main fee, which is calculated on the basis of the average value of Trustor’s assets, payable on a quarterly basis in the following amount:

Strategies	Conservative strategy	Balanced strategy	Income           strategy
Main fee  (% per annum)	1% per annum

Trustee’s fee is quoted inclusive of VAT.

and

• Incentive fee, which is calculated on the basis of an increase in the value of the Trustor’s assets at the end of the reporting calendar year. Incentive fee is payable to Trustee only upon attaining a certain ROI rate.

Portfolio yield (% per annum)	Additional    fee rate
Less of equal 10	0 %
Greater than 10 and less than 20 (inclusive)	10 %
Greater than 20	15 %

Trustee’s fee is quoted inclusive of VAT.

By choosing asset management services from OJSC «IC RUSS-INVEST» you can form your own investment portfolio or select one of the standard strategies for the securities market:
1. CONSERVATIVE
2. BALANCED
3. INCOME

1. CONSERVATIVE STRATEGY
Goal: Conservation of capital, providing minimum risk.
Risk level: Low.
Instruments: The greatest share of your investment portfolio is formed from reliable fixed-interest debt instruments. Speculative financial instruments are not used. The share of corporate bonds of reliable Russian issuers and government notes may reach 100% of the portfolio’s asset structure.

Strategy: Debt portfolio is formed from the bonds of first-class issuers, which are balanced by yield and maturity terms. Coupon payments are reinvested. In the long-run this investment strategy is a good alternative to a bank deposit. Below is the diversification (distribution of investments for the purpose of risk mitigation) of a portfolio formed under basic conservative strategy by financial instruments depending on the current market situation.
2. BALANCED STRATEGY
Goal: Risk mitigation by portfolio diversification.
Risk level: Medium.
Instruments: Investment portfolio is formed from the instruments with fixed yield and highly liquid shares of reliable Russian issuers with a predominance of debt securities.

Strategy: Investments are made in the highly liquid shares of Russian issuers. Debt portfolio is formed, characterized by reinvestment of coupon payments and dividends. The share of instruments with fixed yield may be up to 100%, while the portion in shares of Russian issuers is up to 50%.
Depending on the market situation, the ratio between shares and bonds may vary, which allows realization of additional income under favorable conditions. Stable yield from bonds provides sustainable cash flow, which is reinvested in new financial instruments. Below is the diversification (distribution of investments for the purpose of risk mitigation) of a portfolio formed under a basic conservative strategy by financial instruments depending on the current market situation.
3. INCOME STRATEGY
Goal: Attaining maximum return on the use of assets.
Risk level: High.
Instruments: Investment portfolio is formed from liquid shares and bonds.

Strategy: Investment in liquid shares of Russian issuers. Debt portfolio is formed, characterized by reinvestment of coupon payments and dividends. The share of instruments with fixed yield may be up to 100%, while the portion in shares of Russian issuers is up to 100%.

Below is the diversification (distribution of investments for the purpose of risk mitigation) of a portfolio formed under a basic conservative strategy by financial instruments depending on the current market situation.

You can trust us

The history of professional activities of OJSC RUSS-INVEST on the Russian securities market comprises more than 15 years. As of 2006, the company’s net profits came to 655 million roubles. As of January 1, 2007, the company’s own capital was in excess of 4.34 billion roubles. Given these figures, the company was included in the Top 5 largest investment companies of Russian Federation for six consecutive years. 
OJSC «IC RUSS-INVEST» enjoys the following ratings:

Our credit rating in the National Rating Agency classification is ‘AA-’, which stands for the third level, very high reliability. Rating forecast is stable;
Long-term rating ‘B’, short-term rating ‘B’, national long-term rating assigned by Fitch Ratings International is ‘BBB-’. Long-term rating outlook is stable;
Well-developed practice of corporate governance is certified by NRKU 7+ rating awarded by the consortium of Russian Institute of Directors (RID) and Expert Rating Agency (RA) called RID-Expert RA.

Between 1999 and 2006 (inclusive) average IRR of OJSC «IC RUSS-INVEST» amounted to 50.9%, including tax and dividend payments.

As of the end of 2006, OJSC «IC RUSS-INVEST» occupied the 4^th place among Russian investment companies by the amount of shareholder equity and reserves (4.43 billion rubles as of January 1, 2007) according RBC rating.

In February 2006 in Frankfurt-am-Main OJSC «IC RUSS-INVEST» was awarded as the European Company with the “Best Corporate Governance Practices by Technical Criteria” by the IR Global Rankings.

If you are interested in our brokerage services, you are welcome to submit an application by filling out the present form.

Our manager will contact you as soon as possible.

Please contact the following employees if you are interested in brokerage services:

Dmitry Okazin
Tel: (495) 363-93-80 (ext. 149)

Yekaterina Kulikova
Tel: (495) 363-93-80 (ext. 156)

Dmitry Shuvalov
Tel: (495) 363-93-80 (ext. 137)

Alla Chebunina
Tel: (495) 363-93-80 (ext. 163)

E-mail: client@russ-invest.com