Renaissance gains top investment reliability rating in Russia
Renaissance Investment Managers in Russia has been awarded a top-notch AAA rating for individual reliability by Russia’s National Rating Agency.
Renaissance Investment Managers is part of Renaissance Group, and the business arm of Renaissance Asset Managers.
Elena Fiveyskaya, National Rating Analyst, pointed to the support of the Group towards the asset management business, high management quality and the up-to-date corporate governance and risk management system as the main factors in the rating procedure.
“At the end of Q2 assets under management by Renaissance Capital amounted to RUB17bn and displayed 17% growth during the first half of the year,” she added.
The main investment focus of Renaissance Group is emerging markets: Russia, CIS, Eastern Europe and South Africa. Renaissance Asset Managers offers more than 20 different mutual funds in Russia, including equity, bond and balanced funds.
Renaissance IM focuses on managing five mutual funds in Russia: three open-ended funds, one interval fund and one closed fund. It also offers discretionary management services to retail and institutional investors.