table 2 definition 31 advantages of funds 32 fund`s position in economy 33 fund`s characteristics 34...
TRANSCRIPT
Table
2
Definition 31
Advantages of Funds 32
Fund`s position in economy 33
Fund`s characteristics 34
Legal & supervision points 35
Statistical information 36
Pillar & Goal of AGFund 37
3
A mutual fund is a professionally managed type of collective investment scheme that pools money from many investors and invests it in stocks, bonds, short-term money market instruments, and/or other securities.
Definition
4
Benefits of AGfund
AdvantagesAdvantagesAdvantagesAdvantages
Professional Management
Diversification
Economy of scale
Liquidity
Transparency
Ease
Fund`s position in economy
Mutual Funds: Investing in America`s Mutual Funds: Investing in America`s FutureFuture
5
Fund`s characteristics
6
Fund`s Fund`s characteristcharacterist
icsics
Fund`s Fund`s characteristcharacterist
icsics
Legal Entity
Macro structure
Capital
Units
Methods of Investment
Legal Entity
7
Corporate(investment
company) Trust
AGFund is a TrustAGFund is a Trust
Pillar of AGfund
Manager
Manager
Guarantee
Guarantee
custodia
n
custodia
n
AuditorAuditor
convention
convention
RegisterRegister
Saman B.
Dash
Saman B.
Amin IB
Amin IB
Types of mutual funds
9
Capital:
a)close-end fundb)Trustc)Open-end fundd)ETF
(AGFund is open-end)
Funds
Goal:
a)Growthb)Valuec)Value & Growth
(AGFund is value & growth)
Instrument:
a)Money marketb)capital market
(AGFund is money & capital)
Types of Units
10
commoncommon Without voting Right
preferredpreferred With voting Right
Amin IB
Costs & fees
11
• Management fees• Non-management expenses
Lawmaker
12
• in article 1 of the Law governing the securities market • the Bill of capital market development
Supervision on AGfund
13
Internal Controls
14
custodianAuditorManager
Continuous supervision
15
Supervise on:
Logical Process
Web site
account
Portfolio
Units` Prices
calculation
Total net Asset
16
TOTAL NET ASSETS Millions $
2003 2004 2005 2006 2007
World 14,048,31116,164,7
9317,771,0
2721,823,4
5526,150,9
36
Americas 7,969,5418,792,45
09,763,92
111,485,0
1213,442,5
21
Europe 4,682,8365,640,45
06,002,26
17,803,90
68,934,86
4 Asia and
Pacific 1,361,4731,677,88
71,939,25
12,456,51
13,678,33
0 Africa 34,460 54,006 65,594 78,026 95,221
Number of mutual fund
17
Number of Mutual Funds2003 2004 2005 2006 2007
World 54,569 55,524 56,868 61,855 66,350
Americas 13,921 14,064 13,764 14,475 15,462
Europe 28,858 28,541 29,306 30,060 33,151 Asia and
Pacific 10,794 11,641 11,617 12,427 13,479
Africa 460 466 537 617 750
Net Sales
18
Net SalesMillions $
2003 2004 2005 2006 2007
World 317,403 457,294 970,813 1,299,474 1,553,627
Americas 65,634 167,596 425,914 727,539 1,223,308
Europe 258,500 235,145 459,786 427,524 102,780 Asia and
Pacific -12,036 48,005 76,016 135,467 217,847
Africa 5,304 6,549 9,097 8,944 9,692
Net Asset
19
Manager & Guarantee: Amin Investment Bank
20
AIB is the first IB in Iran and accounts as pioneer in this industry in financial system of Iran.
Services:
Financing & underwriting Financial counseling and valuation Asset management and investment engineering and construction
21
Manager & Guarantee: Amin Investment Bank
22
Manager & Guarantee: Amin Investment Bank
Name PercentageBank Mellat 10%
Behsaz Mosharekathaye Mellat Co 4%Social Security Investment Co 14%Civil Servants Pension Fund 14%Rural Social Insurance fund 14%Bank melli Investment Co 10%
Tose'e melli Co 4%Omid investment Co 14%Tadbir investment Co 14%
Custodian & register: Saman Bank
23
Saman initially started its activities as Credit Institution in September 1999. Subsequently, in
August 2002, it received a full banking license and changed its name to Saman Bank.
In 2002 Saman was the third private financial institution in post-revolutionary Iran to receive a banking license. In this context, the share capital
increased to Rials 220 bln (US$ 26 mln).In March 2007, Saman Bank had a paid-sup
share capital of Rials 900 bln (US$ 97 mln). It operates 54 branches including 15 branches in
Tehran and 39 branches across Iran.
Auditor: DASH
24
DASH as an auditing & management consultants Firm, has been handling a broad spectrum of
areas including:• Auditing
• design, implementation and computerization of commercial and cost accounting system• project appraisal and financial analysis
• accounting and financial services.
Asset of AGfund
25
Assets:1.Stocks and rights which are listing at TSE.2.Bonds, Sukuk and mortgage backed
securities.3.Certified Deposits (CDs) which are released
by banks and credits and financial institutions.
4.Any kinds of deposits in banks and credits and financial institutions which got permission from central bank.