C-Quadrat Ampega Asset Management Armenia launches first open-ended mutual fund of a foreign investment company in Armenia

  • New mixed fund in the emerging Armenian market
  • Fund replicates investment strategy of a mandatory pension fund managed by C-Quadrat Ampega Asset Management Armenia
  • C-Quadrat Ampega Asset Management Armenia convinced of the long-term potential of the Caucasus region – commitment to economic and social development

Vienna/Yerevan, October 15th, 2019 – The subsidiary of the C-Quadrat Investment Group in Armenia, C-Quadrat Ampega Asset Management Armenia, has launched the first open-ended mutual fund in Armenia, which is managed by an international asset management company. The currently only in Armenia licensed mutual fund is a mixed fund open to both local and international investors.

The investment strategy of the fund management is based on the strategy of C-Quadrat Ampega Asset Management Armenia’s Conservative Pension Fund which has been successfully managed since 2014 (current volume EUR 200 million or 108 billion Armenian Drams). A maximum of 25 percent of the fund is invested in equities or equity funds and in equity-like investment vehicles. Securities denominated in the Armenian local currency Dram account for at least 60 percent.

Armenia is regarded as a frontier market with good growth prospects and stable macroeconomic conditions. According to estimates by the International Monetary Fund, the country in the Caucasus with around three million inhabitants is expected to achieve GDP growth of 4.6 percent this year, which corresponds to the growth level of recent years. Armenia has a stable democratic government, low inflation and a moderate budget deficit of two percent of GDP.

"With the launch of our new mutual fund we want to offer investors the opportunity to participate in the growing Armenian market and diversify their investments geographically," says Dr. Arman Vardanyan, CEO of C-Quadrat Ampega Asset Management Armenia.

C-Quadrat Ampega Asset Management Armenia as an active participant in the financial and economic development of Armenia also feels committed to social issues. Accordingly, the asset manager is involved in social projects in the region.

"We are convinced that despite all the joy about the dynamic and robust economic development, help for kids from disadvantaged backgrounds must not be forgotten," adds Ernst Drayss, Chairman of the supervisory board of the company.

In this context, C-Quadrat Ampega Asset Management Armenia is currently supporting the construction of a new Day Care Centre for children in the city of Noyemberyan, in the border region in the north-east of the country. Around 200 children at risk of poverty will have access to education, care and social benefits.

"The new construction of the Day Care Centre should enable the children from the region to have better living conditions and a better future," says Andreas Wimmer, Senior Group Management Director of CQ Investment Group and Deputy Chairman of the Supervisory Board of C-Quadrat Ampega Asset Management Armenia.

About C-Quadrat Ampega Asset Management Armenia

C-Quadrat Ampega Asset Management Armenia is an asset manager established as a joint venture between C-Quadrat Investment AG, Vienna, Austria, and Talanx Asset Management GmbH, Cologne, Germany, to provide asset management services under a reformed defined contribution pension scheme. The subsidiary of the C-Quadrat Investment Group is managed by CEO Dr. Arman Vardanyan.

About C-Quadrat

The C-Quadrat Investment Group consists of several independent asset management companies that specialize in quantitative as well as discretionary absolute and total return strategies. C-Quadrat Investment Group is a pioneer in sustainable investments and was recently named ESG Group of the Year 2019/Europe by Investor Magazine.

Founded in Vienna in 1991, C-Quadrat Investment Group today has offices in Vienna, London, Frankfurt, Paris, Geneva, Zurich, Madrid, Tbilisi and Yerevan and operates in more than 21 countries in Europe and Asia.

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