TKB BNP Paribas Investment Partners successfully passed the Deloitte audit, which reported that all portfolios under TKB BNP Paribas Investment Partners management, including mutual funds, individual and corporate segregated accounts, compliant with international performance standards GIPS* (Global Investment Performance Standards).
Assets under management of TKB BNP Paribas Investment Partners rose by almost 26% (in dollar terms) and accounted circa USD 3.9 bln as of the first quarter 2012.
TKB BNP Paribas Investments Partners ("TKB BNPP IP") and Pioneer Investment Management (LLC) ("PIM Russia") today announced that they have reached an agreement to the transfer of three mutual funds managed by PIM Russia to the management of TKB BNPP IP. The asset transfer which will commence in 2012 totals 563 million rubles (as of 30/11/2011)**. The funds under question are PIONEER - Equity Fund, PIONEER - Bond Fund, and PIONEER - Balanced Fund. The transition period is estimated to last until April 1, 2012, during which time PIM Russia and TKB BNP will collaborate to ensure a smooth transition of portfolio management. At the end of the transition period, after regulatory approval, the PIM Russia funds will be fully integrated into the TKB BNPP IP platform and will be managed in accordance with the same high investment standards TKB BNPP IP applies to all assets under management.
Russia's National Rating Agency has affirmed the AAA rating of TKB BNP Paribas Investment Partners, one of the leading asset management companies in Russia. TKB BNPP IP, which is a joint venture of BNP Paribas Investment Partners and Russian Railways, has held this top rating since 2007. On the National Rating Agency scale, AAA represents maximum reliability.
In assigning the rating, the National Rating Agency noted these factors:
As of October 2011, clients of UniCredit Bank will be able to buy, exchange and sell shares in a full range of mutual funds managed by TKB BNP Paribas Investment Partners.