RAEX (Expert RA) Affirms the Rating of TKB Investment Partners (JSC) at the Highest A++ Level
RAEX Expert Agency affirmed the credit rating of and the service quality by TKB Investment Partners asset management company at А++ with the “stable” outlook.
The favorable rating indicates the high reliability of investing both managed and owned assets, as well as the high capital adequacy against payments after adjustments to the ratio.
The growth of managed assets at an above-the-market rate has also elevated the rating. Thus, over 2016 the assets went up by 25% compared to 15% of the market average. Assets primarily grew through the increase of managed NPF (Non-State Pension Fund) savings and of foreign funds under advisory.
According to Anatoly Nazaruk, leading analyst for corporate and sovereign ratings at RAEX (Expert RA), “In 2016, the segment of managed NPF savings gained 20% and thus significantly increased the sales for 2016 wherein pension savings accounted for over 80%. Most NPFs are anchor customers of the asset management company. The grown assets under management have generated a high financial return while having anchor customers is a sign of a stable client base. This improves the rating score”.
As of March 31, 2017 the assets under management and advisory of TKB Investment Partners (JSC) reached RUB 364 bln compared to RUB 345 bln as of December 31, 2016. The monitoring of the asset trust management market run by RAEX (Expert RA) in the first quarter of 2017 ranked TKB Investment Partners (JSC) as follows: the 4th largest in total managed assets, the 1st biggest in corporate assets under individual trust management, the 1st in insurers’ reserves, the 2nd in pension savings of NPFs, the 4th in assets of endowment funds, the 9th in pension reserves, the 12th in assets in open-end and mutual investment funds, and the 14th in savings of the Russian Federation Pension Fund.