Let's assume you're ready to take risks and park free funds for a long period with a real chance of generating returns far exceeding initial investments. If this is the case, you should definitely check out interval investment mutual fund of low liquidity shares Finam Low Liquidity Shares (the Trust Management Rules were registered with the Russian Federal Securities Service under entry #0316-75341925 on January 1, 2006, with amendments and additions registered with the Federal Securities Service under entry #0316-75341925-1 May 4, 2006). This fund consists of second-tier stocks, i.e. shares in companies which are not classified as blue chips. On the one hand, the fund is the most risky due to the softest liquidity of its securities. But experienced investors know that many low liquidity stocks hold upside potential several times higher than that of blue-chip names. Moreover, second-tier and greenfield stocks experience much sharper upside and downside than the market of liquid shares. This in turn creates excellent opportunities for investors to reap gains when shares in any of these companies take a monster move to the upside. Interval Investment Mutual Fund of Low Liquidity Shares "Finam Low Liquidity Shares" Type: interval Formation period: from February 14, 2005 to April 1, 2005 Application deadline: - from May 10 to May23;
- from August 10 to August 23;
- from November 10 to November 23;
- from February 10 to February 23;
Purpose: long-term investments in securities Minimum investment amount: Rub 100,000 ($3,571), with subsequent installments of Rub 5,000 ($178.57) and more Investment targets: fund members' cash is primarily invested in stocks of promising Russian concerns, which implies higher risks, but is also a potentially more profitable investment solution. Investor expenses: remuneration payable to the Management Company is not higher than 2.3% (incl. VAT) of the fund's annual average net asset value. Remuneration paid to other participants of asset management activities does not exceed 1.5% (incl. VAT) of the fund's annual average net asset value. The maximum amount of other expenses reimbursed at the expense of the assets which make up the fund is equal to 1% (incl. VAT) of the annual average net asset value. Markup in the event of acquisition of investment stakes is as follows: 1 (one) per cent (VAT included) of the estimated price of the investment stake in the event that the amount of cash paid for investment stakes is below or equal to Rub 500,000 (five hundred thousand rubles). 0.5 (zero point five) per cent (VAT included) of the of the estimated price of the investment stake in the event that the amount of cash paid for investment stakes exceeds Rub 500,000 (five hundred thousand rubles).
In the event that an application to acquire stakes is submitted to the fund's agents – Closed Joint Stock Company Finam bank and Closed Joint Stock Company Finam Investment Company no markup is charged. Discount in the event of redemption of investment stakes is as follows 1.5 (one point five) per cent (VAT included) in the event that investment stakes are redeemed within 365 (three hundred and sixty five) days from the date when an entry was made about acquisition of the aforementioned investment stakes in the shareholder register of investments stakes. 0.8 (zero point eight) per cent (VAT included) in the event that investment stakes are redeemed after 365 (three hundred and sixty five) days have elapsed from the date when an entry was made about acquisition of the aforementioned investment stakes in the shareholder register of investments stakes.
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