The inhabitants of the Far Eastern Federal District of Russia injected RUB 1 bn in Sber Asset Management's discretionary investment management tools in 2021, with the total size of investments reaching an all-time high of RUB 12.5 bn, said Alexander Vedyakhin, First Deputy Chairman of the Sberbank Executive Board, during the Eastern Economic Forum.

Discretionary investment management tools are the products offered by the Sber Asset Management subsidiary: open- and close-end mutual funds, personal investment accounts with turn-key strategies, and discretionary investment management strategies. They are all available to SberBank Online app users.

Bond-based instruments are the most popular in Russia's Far East, accounting for over a third of all investments. Ranking first among discretionary investment management instruments among Far Eastern investors is Sberbank - Rental Business 3, a rental mutual fund with over RUB 1.4 bn in investments. It is followed by personal investment accounts with the Saving strategy (RUB 1.3 bn), followed by the discretionary investment management strategy investing in ruble-denominated bonds (RUB 1 bn).

We are seeing higher interest in investments and turn-key solutions on behalf of the Far East of Russia this year as customers diversify their investments using Sber Group's investment and savings products. The inhabitants of Russia's Far East are smart about investing their funds using a wide range of instruments - bonds, stocks, and real estate, with funds evenly distributed across main asset classes, which improves the stability of investments and makes them more effective.

Alexander Vedyakhin

First Deputy Chairman of the Executive Board, Sberbank

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Sberbank of Russia published this content on 09 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 September 2021 07:41:01 UTC.