04 июля 200612:20
Snezhinskiy JSC sets up Universal United Bank Management Fund
Snezhinskiy JSC set up the Universal United Bank Management Fund. As the bank’s spokesperson said to UrBC representative, the Fund was registered with the Bank of Russia General Administration in Chelyabinsk Region on June 26, 2006; this is the first fund of such nature set up by a regional bank. Starting July 3, Snezhinskiy JSC will be accepting investments directed to the Fund, with the lower investment limit set at 100,000 RUR (Russian currency only). The commission of the managing body comes to 1% of the current market value of the assets per annum (charged monthly or in case of