January 19, 2007
FIM´s first mutual funds accepted in Russia
FIMs subsidiary that was established in Russia to carry on asset management and mutual fund operations received an operating license in August 2006. The startup of actual operations is progressing as planned and FSFR, the Russian authority that supervises financial markets, has now accepted the rules for FIMs first local mutual funds.
The three mutual funds FIM Russian Equities, FIM Russian Portfolio and FIM Russian Bonds will be effectively launched during the first quarter of 2007. The funds will be mainly distributed in Russia but they are also available for international investors.
The first agent agreements have already been signed. FIM continues to develop both agent network and own sales in Russia
About Group Oyj
Established in 1987, FIM is a Finnish investment services group that offers asset management, brokerage and investment banking services for private persons and organizations. In addition to the head office in Helsinki, FIM has regional offices in Espoo, Jyväskylä, Kuopio, Lahti, Oulu, Riihimäki, Tampere, Turku, and Vaasa. FIM also operates in Stockholm and Moscow. The company's net sales in 2005 were 63.2 million euros and operating profit 19.1 million euros. FIM employed 275 persons in the end of September, 2006. www.fim.com.
Jan Forsbom, CEO, FIM Asset Management Ltd
tel. +358 9 613 46 205
Helsinki Stock Exchange
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