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Vtb capital management of mutual funds. VTB Investment Strategy – Treasury Fund

Thanks to the capabilities of VTB24, users can purchase, change, and also sell shares. To do this, you need to involve any partner in this procedure. The investor has a fairly wide choice of the following management firms:

1. UK TKBBNP Paribas Investment Partners

2. UK Capital

This company entered the domestic market in 1996. But it received the right to manage funds related to pension savings only in 2003.

Now the UK manages 15 mutual open investment funds.

The smallest amount that can be invested in this organization is 5 thousand rubles (this is how much the first purchase costs). People who own shares of this Fund are entitled to make purchases starting from 1 thousand rubles.

When buying a share using the VTB24 system, additional funds for the operation are not debited.

As for the discount that can be obtained if the units are redeemed through a banking institution, its size depends on the date when the corresponding application was submitted. The longer the period the share was owned by the investor, the smaller the redemption amount of the share will be - and vice versa. The commission may vary slightly - its size is within 1-2%, which are calculated from the share price (calculated).

This management company has the following mutual funds.

Highly profitable mutual fund

Note that this OPIF (or open mutual fund of shares) is considered the most risky, but at the same time the leader in the VTB Mutual Funds rating of profitability.

This option will be of interest to investors wishing to invest in rapidly developing economies. Thus, they significantly diversify the existing investment risk.

The portfolio of this Fund includes shares of foreign investment funds, as well as shares (securities) of issuers of states that are members of the BRIC.

This Fund is currently actively growing, and BRIC shares are regularly becoming more expensive.

stable mutual fund

“Mutual Fund VTB Treasury”

This OPIFO (or open mutual fund of bonds) is more suitable for “cautious” investors. Investment is carried out, as the name implies, in bonds, which can be sub-federal, state, municipal, corporate. Thanks to this, investments have a high liquidity rate with minimal risks.

Mutual Fund Treasury VTB 24 is growing slowly, but steadily.

Mutual investment fund not yet living up to expectations

“Electric Power Fund”

This OPIF includes shares of Russian oil and gas firms and companies (GAZPROM, LUKOIL and others). This Fund is focused on long-term investments (minimum 2 years).

It would seem that the promising Fund at the moment does not have the best results. Mutual investment funds VTB share price has declined markedly, this figure has long crossed the negative mark.

Mutual Funds VTB Capital Solid Management

MC "SOLID Management" began to work in the field of collective investment since 2000. Today the company has 9 mutual funds in trust management, the total value of which assets is 11 billion rubles.

To make the first purchase of a share, you will have to pay 10 thousand rubles; the next ones will cost 1 thousand rubles. If the shares are bought through a banking institution, a surcharge of 1.2% is calculated, if the share is sold - 1%.

It must be said that the results of the activities of the mutual funds of this management company in recent years are generally negative.

Stability and constant growth of shares is observed only in the PIFO “FDI Solid” (the Fund invests in corporate and government bonds). Also stable is the mutual fund of VTB Eurobonds.

The most popular management company still remains VTB Asset Management Mutual Funds, as it is the oldest and most authoritative. VTB mutual funds yield this management company is not the highest, but stable and reliable, which is most important today.

In the next article, we will analyze in detail the mutual fund VTB Oil and Gas Sector, as well as analyze the yield and price chart of shares of the mutual fund of VTB Eurobonds.

Today, VTB 24 Bank is one of the largest, progressive and reliable banks in the Russian Federation. In addition to other products, VTB24 offers its clients to invest money in mutual funds (UIFs) and thereby receive additional income, along with major participants in the investment market.

VTB24 Bank is an agent of four large companies involved in the purchase, sale and management of mutual funds: VTB Capital Asset Management CJSC, TKB BNP Paribas Investment Partners OJSC, Solid Management Management Company, BFA Management Company.

You can purchase, exchange or redeem investment units at any time, for which it is enough to fill out an appropriate application indicating the details of the bank account to which the funds will be transferred.

If you are new to the investment unit market, you can get an online consultation on the official VTB24 Investment Portal page, during which you can ask any question and receive an answer as soon as possible to your email address.

Management companies VTB24

Let us consider in more detail the management companies of VTB24.

Since 1996, VTB24 Bank has opened a company VTB Capital Asset Management, which manages the shares of the largest companies in various sectors of the economy. VTB Capital Asset Management offers investors more than 150 mutual funds, of which about 30 are open, where even novice investors can safely join. For those who purchase shares for the first time, the cost will be 5,000 rubles, and for existing shareholders - 1,000 rubles.

Consider the most popular options for investing funds today.

For the period 2013-2014, the highest increase in the value of the share was demonstrated by OPEIF "VTB - Telecommunications Fund"- 56.03%. At the beginning of 2013, the cost of a share was 8.98 rubles, and at the beginning of 2014 - 13.08 rubles. From the beginning of 2014 to June, the growth dynamics of the share decreased by 4.77% (0.63 rubles), but over the past month these indicators have changed to positive ones - an increase of 5%.

PIF " Consumer Sector Fund" shows an increase in value over the past two years of 37.9%. At the beginning of 2013, its cost was 8.72 rubles, and at the beginning of 2014, 10.32 rubles. For the first six months of the year, the increase in the value of the share amounted to 0.78% (0.08 rubles), and only in June - 1.67%.

Okhotny Ryad is a fund of consumer sector enterprises” also demonstrates the positive dynamics of the share value and NAV over the past two years. The growth amounted to 37.33%, in August the growth of the share value and NAV amounted to 1.30%.

The main goal of the fund Fund Treasury» is the preservation of capital and obtaining a stable profitability. Most of the assets are represented by federal shares. At the beginning of 2013 the cost of a share was 33.59 rubles, at the beginning of 2014 it was 36 rubles, the cost of a share as of 25.06.2014 was 36.67 rubles.

VTB Capital Asset Management operates a large number of promising, highly profitable mutual funds that give a stable positive result, but there are also those where you should not invest free funds. Shares of electric power and metallurgical companies are constantly falling in price, which is already low.

Mutual funds TKB BNP Paribas Investment Partners

The Fund has been operating since 2002 and occupies a leading position in the market of management companies. For those who purchase shares for the first time, the cost is 10,000 rubles, for existing shareholders - 1,000 rubles. Surcharge when purchasing shares through a bank - 1.20%. Discounts when selling units through a bank - 1%, you can also exchange units of interval funds.

Shows very good performance TKB BNP "Paribas - Prospective Investments". At the beginning of 2013, the yield was 2.41 rubles, at the beginning of 2014 - 2.47 rubles. From the beginning of 2014 to June, the growth dynamics of the share increased by 2.15%.

TKB BNP Premium. stock fund". At the beginning of 2013, the cost of a share was 0.9 rubles, at the beginning of 2014 - 1.07 rubles. During the year, the increase in the share amounted to 37.62%. From the beginning of 2014 to June, the growth dynamics of the share increased by 9.58%.

"Money Market Fund". Since the foundation of the fund, the share has grown by 79.58%. Growth dynamics is stable and positive. At the beginning of 2013, the share value was 1.64% rubles, at the beginning of 2014 - 1.76 rubles. For the year, the increase was 6.23%. From the beginning of 2014 to June, the growth dynamics of the share increased by 6.08%.

Management company "Solid Management»

This company represents an open mutual fund "Solid Globe", which has been demonstrating exceptionally positive share growth since its inception. Over the last year, in the period from May 31, 2013 to May 30, 2014, the increase was 18.38%, over the past six months - 4.60%.

OPIF bonds "FDI Solid" also shows positive growth dynamics . For the period from May 31, 2013 to May 30, 2014, the increase was 18.61%, and over the past six months - 1.68%.

Share price OPIF of mixed investments "Solid-Metallurgy and Structural Materials" decreased significantly since the beginning of 2013. But recently the situation has changed. The increase for the period from May 31, 2013 to May 30, 2014 was 1.18%, over the past six months - 0.79%, and only over the past three months - 5.07%.

Mutual Funds managed by BFA Management Company

This company manages open-ended, closed-end and interval funds. Of the open mutual funds, a more stable positive result is shown by the fund " Financier". Over the past three years, the increase was 13.90%, in the period from 06/26/2013 to 06/26/2014 - 5.4%.

OPIF "Oplot" after a sharp decline in value in December 2008, is growing steadily. Over the past three years, the increase was 11.41%, in the period from 06/26/2013 to 06/26/2014 - 8.56%.

By investing in mutual funds, you can get a much higher return than on bank deposits, but there are always risks. Therefore, before making a decision, it is necessary to carefully study the conditions of each fund, as well as the analysis over the past few years. As the analytical review shows, today the shares of telecommunications and information technology companies bring a large profitability. But the electric power and metallurgical industries are going through hard times, as well as the precious metals market.

Worried about the growth of your income, you should turn your attention to investing in shares. In VTB, asset management of the mutual investment fund is formed from the securities of both state and private enterprises. Thanks to the percentage growth of shares, the client has the opportunity to receive an annual profit that exceeds the interest on deposits. Based on which bonds and stocks prevail, there is also a division of funds in VTB. Which one is better to invest in?

How and where can I become a shareholder from VTB?

There are several ways to buy mutual fund shares from VTB:

  • Directly in the branches of VTB Bank or in the divisions of VTB Capital, which is the management company. The minimum investment amount will be 5 thousand rubles. However, for investors who buy securities not for the first time, the amount of investment starts from 1 thousand rubles.
  • In the branches of the banks "OTP Bank" or "Vostochny". However, there future investors will have to stock up on a larger amount of cash. You can buy shares only from 50 thousand rubles. who applied for the first time and with 25 thousand rubles. for those who invest not for the first time.
  • You can also apply at Citibank branches. The minimum investment for this case is 50 thousand rubles. Experienced investors can purchase securities from a starting amount of 5 thousand rubles.
  • You can also purchase a share at the branches of Banca Intesa. There is also a division into beginners and experienced. For the first, you will have to invest from an amount of 30 thousand rubles, and for the second - from 5 thousand rubles.

Applications for participation in mutual funds can also be submitted online on the websites of financial institutions.

In order to invest in VTB mutual funds, you just need to present your passport to the company's employees and provide your bank account number. If you don't have an account, you will need to open one first.
In fact, the shareholder will have little to no need to do anything other than purchase the securities. Finances are competently managed by employees of the management company. The investor only has the right to inform his personal manager when he wants to part with the share.

A good benefit with almost no risks: the most reliable mutual funds

When choosing Mutual Funds of VTB Capital Asset Management, beginners and seasoned investors can pay attention to almost risk-free funds. The income from them will not be too large, but the probability of losing the invested funds is almost reduced to zero.

Structure and profit of the Treasury fund

One such low-risk fund is a mutual fund from VTB Treasury. The structure of the fund consists of government securities and bonds of the largest Russian corporations. The content of the share includes the assets of such companies as:

  • Rosneft;
  • securities of VTB Bank itself;
  • KTZh Finance;
  • Gidromashservis;
  • Sovcombank;
  • SPbTel;
  • federal bonds, etc.

Asset management is based on a sound strategy that takes into account all the fluctuations in the Russian macroeconomics. Analyzing the statistics given on the VTB website, we can say with confidence that the income of the Treasury fund is only growing. For 12 months, the investor can make a profit of 11.24%. As for the longer term, here, too, investors remain in the black. 58.67% - the value of the share increased by this figure over the past 3 years.
The mutual fund has been operating on the securities market since 2003. The number of investors in this structure, due to its reliability, only increases every year.

Stable profit in foreign currency in the Eurobond fund

In 2007, VTB opened a fund where participants could freely purchase shares in Russian enterprises. However, in 2013 management decided to focus exclusively on Eurobonds.
And it did not fail: the profitability of the VTB mutual fund with investments in rubles for 3 years amounted to 35.61%. And over the course of 12 months, the average increase in profits was 1.3%. If the investor decides to finance the fund in US currency, then the indicators become higher: for 1 year, the increase is an average of 4.1%, and for 3 years - 48.1%.
In 2015, InvestfundS awarded the VTB Eurobond Fund the 4th place among various mutual funds in terms of income.

The share structure consists of securities from:

  • Gazprom, Metalloinvest;
  • Sberbank, Alfa-bank;
  • Domodedovo airport;
  • VimpelCom Holdings, HCFB, etc.

And again Eurobonds

VTB Capital has 2 mutual funds associated with Eurobonds. And one of them purchases securities from companies belonging to the emerging markets sector. The Emerging Markets Eurobond Fund, founded in 2007, has assets in its structure:

  • Gazprombank and Alfa-Bank;
  • Bahrain and Turkey;
  • Pemex, Tata Steel, Global Ports Finance PLC, etc.

You can invest both in dollars and in rubles. Unfortunately, there are no data on long-term statistics, since the management of the fund changed the main strategy in 2015. However, even on the basis of charts for 1-2 years, it can be said that it is more profitable to invest in dollars. If for 1 year the income was 4.71%, then for 2 years it is already 32.24%.
Those who “bet” on rubles are currently at a loss. The value of the share for 2 years decreased by 3.1%. Therefore, they are advised to wait for favorable conditions in order to sell their securities at higher prices than the original ones.

Moderate risks and higher returns in the "Balanced" fund

Experienced clients understand that sometimes patience or, on the contrary, a timely reaction are needed to “hit the jackpot”. Therefore, they can try to invest in the "Balanced" fund. Mutual funds are channeled into various bonds and stocks. Investments are constantly evaluated and, if necessary, redistributed so that the investor can get more profit.
Finances are directed to the securities of Lukoil, Sberbank, Rosneft, GMKNorNik and other enterprises. For 1 year, the value of the shares increased by 15.12%, and for 3 years, the profit amounted to 58.99%. Investments are made only in rubles.

Big money high risk

If an investor is not afraid to lose his money and agrees to purchase shares with a high risk, then he can try to invest in the riskiest funds from VTB. But it is from them that there is a chance to get a really significant profit. It is recommended to invest in risk mutual funds for a period of at least 2 years.

A promising area of ​​the electric power industry for investment

Mutual Investment Fund VTB Electric Power Industry specializes in investing in the energy sector. Its structure includes securities of RusHydro, OGK-2 and OGK-5, FGC UES and Inter RAO UES and other promising and reliable energy companies.
The level of income from investments in this fund is truly huge: for 3 years it amounted to 143.9%! However, this figure does not mean that such a profit is guaranteed. Securities markets are volatile and the numbers change daily. The risk of loss is always present. But the electric power sector is now showing itself the most profitable.
VTB Capital managers try to foresee possible dangers and do their best to save depositors' money.

Fund of shares of Russian enterprises

VTB also has an equity fund, whose structure includes securities of Rosneft, Lukoil, Gazprom, Novatek, Sberbank and other large companies. The profit of the mutual fund for 1 year was 19.36%, and in the long term (3 years) the income was 69.87%.
Most of the shares in the share belong to energy corporations, which became the basis for the stable growth of its value. In 2015, the mutual fund received the 5th place in terms of income among funds that do not have an industry focus according to InvestfundS statistics.

Investments in small and medium capitalization enterprises

Another mutual fund in VTB is focused on the purchase of securities from companies of the so-called 2nd echelon. The Small and Mid-Cap Fund consists of stocks of corporations such as:

  • Tinkoff Bank;
  • Tatneft;
  • ALROSA;
  • Rostelecom;
  • Highland Gold Mining, etc.

Profit growth during the year amounted to 9.07%. And in the long term for 3 years, investors were able to receive an income of 84.08%.

JSC VTB Capital Asset Management (VTBK UA), (License No. 21-000-1-00059 of the Federal Securities Commission of Russia dated March 6, 2002 for managing investment funds, mutual investment funds and non-state pension funds, without limitation of validity period; License of the Federal Financial Markets Service of Russia dated 20.03.2007 No. 045-10038-001000 for carrying out securities management activities, without limitation of validity period). The content of www.site and any pages of the site (the "Site") is for informational purposes only. The site is not and should not be considered as an offer by VTBK UA to buy or sell any financial instruments or provide services to any person. The information on the Site cannot be considered as a recommendation for investing funds, as well as guarantees or promises in the future of the return on investment. Nothing in the information or materials provided on the Site is and should not be construed as individual investment advice and/or the intention of VTBK UA to provide investment advisory services. VTBC UA cannot guarantee that the financial instruments, products and services described on the Site are suitable for persons who have read such materials in accordance with their investment profile. The financial instruments mentioned in the information materials of the Site may also be intended exclusively for qualified investors. VTBC UA is not responsible for the financial or other consequences that may arise as a result of your decisions regarding financial instruments, products and services presented in the information materials. None of the financial instruments, products or services mentioned on the Site are offered for sale or sold in any jurisdiction where such activity would be contrary to the securities laws or other local laws and regulations or would oblige VTBC UA to comply with the requirement registration in such jurisdiction. In particular, we would like to inform you that a number of states have introduced a regime of restrictive measures that prohibit residents of the respective states from acquiring (assisting in acquiring) debt instruments issued by VTB Bank. VTBC UA invites you to make sure that you have the right to invest in the financial instruments, products or services mentioned in the information materials. Thus, VTBC UA cannot be held liable in any form if you violate the prohibitions applicable to you in any jurisdiction. Before using any service or purchasing a financial instrument or investment product, you must independently assess the economic risks and benefits of the service and / or product, the tax, legal, accounting consequences of concluding a transaction when using a particular service, or before acquiring a particular financial instrument or investment product, its willingness and ability to take such risks. When making investment decisions, you should not rely solely on the opinions expressed on the Site, but should make your own analysis of the financial position of the issuer and all the risks associated with investing in financial instruments. Neither past experience nor the financial success of others guarantees or determines the same results in the future. The value or income of any investment mentioned on the Site may change and/or be affected by changes in market conditions, including interest rates. All numerical and calculated data on the Site are given without any obligation and solely as an example of financial parameters. VTBC UA is not responsible for any losses (direct or indirect), including actual damage and lost profits, arising from the use of information on the Site. This Site does not provide or is intended to provide legal, accounting, investment or tax advisory services, and therefore no reliance should be placed on the contents of the Site in this regard. VTBC UA makes reasonable efforts to obtain information from reliable sources, in its opinion. At the same time, VTBC UA does not make any representations that the information or assessments contained in the information material posted on the Site are reliable, accurate or complete. Any information presented in the materials of the Site may be changed at any time without prior notice. Any information and estimates provided on the Site are not the terms of any transaction, including a potential one. VTBC UA does not guarantee the profitability of investments, investment activities or financial instruments. Before making an investment, you must carefully read the conditions and / or documents that govern the procedure for their implementation. Before purchasing financial instruments, you should carefully read the terms of their circulation. VTBC UA hereby informs you about the possible existence of a conflict of interest when offering the financial instruments considered on the Site. A conflict of interest arises in the following cases: (i) VTBC UA is an issuer of one or more financial instruments in question (a beneficiary of the distribution of financial instruments) and a member of the VTBC UA group of persons (hereinafter referred to as the group member) simultaneously provides brokerage and/or trust management services (ii) a group member represents the interests of several persons simultaneously when providing them with brokerage, advisory or other services and/or (iii) a group member has its own interest in making transactions with a financial instrument and simultaneously provides brokerage, advisory services and/or (iv) a member group, acting in the interests of third parties or the interests of another member of the group, maintains prices, demand, supply and (or) trading volume in securities and other financial instruments, acting, inter alia, as a market maker. Moreover, the members of the group may be and will continue to be in a contractual relationship for the provision of brokerage, custody and other professional services with persons other than investors, while (i) the members of the group may receive at their disposal information of interest to investors, and members the groups have no obligation to investors to disclose such information or use it in fulfilling their obligations; (ii) the conditions for the provision of services and the amount of remuneration of group members for the provision of such services to third parties may differ from the conditions and amount of remuneration provided for investors. When resolving emerging conflicts of interest, VTBC UA is guided by the interests of its clients. More detailed information on the measures taken by VTBC UA regarding conflicts of interest can be found in the VTBC UA Policy on managing conflicts of interest posted on the Site. Open-end mutual investment funds managed by JSC VTB Capital Asset management: OPIF RFI "VTB - Equity Fund" (Rules of the Fund were registered by the Federal Financial Markets Service of Russia on September 13, 2007, No. 0968-94131582); OPIF RFI "VTB - Balanced Fund" (Rules of the Fund were registered by the Federal Financial Markets Service of Russia on September 13, 2007, No. 0962-94131346); OPEIF RFI “VTB – Emerging Markets Eurobond Fund” (Rules of the Fund were registered by the Federal Financial Markets Service of Russia on September 13, 2007, No. 0958-94130789); OPIF RFI "VTB - Fund of Companies of small and medium capitalization" (Rules of the Fund were registered by the Federal Financial Markets Service of Russia on September 13, 2007, No. 0959-94131180); OPIF RFI "VTB - Fund of Enterprises with State Participation" (Rules of the Fund are registered with the Federal Financial Markets Service of Russia 13. 09.2007, No. 0966-94131263); OPIF RFI "VTB - Electricity Fund" (Rules of the Fund were registered by the Federal Financial Markets Service of Russia on September 13, 2007, No. 0965-94131501); OPEIF RFI "VTB - Future Technologies Fund" (Rules of the Fund are registered by the Federal Financial Markets Service of Russia on September 13, 2007, No. 0967-94131429); OPIF RFI "VTB - Metallurgy Fund" (Rules of the Fund were registered by the Federal Financial Markets Service of Russia on September 13, 2007, No. 0961-94131104); OPIF RFI "VTB - Eurobond Fund" (Rules of the Fund were registered by the Federal Financial Markets Service of Russia on September 13, 2007, No. 0963-94130861); OPIF RFI "VTB - Fund of the Oil and Gas Sector" (Rules of the Fund were registered by the Federal Financial Markets Service of Russia on September 13, 2007, No. 0960-94131027); OPEIF RFI "VTB - Fund of the Consumer Sector" (Rules of the Fund were registered by the Federal Financial Markets Service of Russia on September 13, 2007, No. 0964-94130944); OPIF RFI "VTB - BRIC" (Rules of the Fund were registered by the Federal Commission for Securities of Russia on August 11, 1997 No. 0012-46539678); OPEIF RFI "VTB - Global Dividend Fund" (Rules of the Fund were registered by the Federal Securities Commission of Russia on February 26, 2003, No. 0090-59893176); OPIF RFI "VTB - Treasury Fund" (Rules of the fund registered by the Federal Securities Commission of Russia on February 26, 2003 No. 0089-59893097); OPEIF RFI "VTB - Moscow Exchange Index" (Rules of the Fund registered by the Federal Commission for the Securities of Russia on January 21, 2004 No. 0177-71671092), Open Joint Stock Fund RFI "VTB - Money Market Fund" (Rules of the Fund registered by the Federal Financial Markets Service of Russia on 25.09.2007, No. 0997-94132239); OPIF RFI "VTB - Infrastructure Companies Equity Fund" (Rules of the Fund were registered by the Federal Financial Markets Service of Russia on September 25, 2007, No. 0998-94132311); OPIF RFI "VTB - Mixed Investment Fund" (Rules of the Fund were registered by the Federal Securities Commission of Russia on 05.03.2003, No. 0092-59891904). Interval mutual investment funds managed by JSC VTB Capital Asset management: IPIFTR "VTB - Precious Metals Fund" (Rules of the Fund were registered by the Federal Financial Markets Service of Russia on 31.03.2009, No. 1407-94156211). Exchange-traded mutual funds managed by JSC VTB Capital Asset management: BPIF RFI "VTB - Russian corporate bonds smart beta" (Rules of the fund were registered by the Central Bank of Russia on January 31, 2019, No. 28-2-2/461). Moscow Exchange Index and Moscow Exchange Corporate Bond Index are stock indices calculated by PJSC Moscow Exchange. The right holder of the Trademarks "MosExchange Index" and "MOEX" is PJSC Moscow Exchange. PJSC Moscow Exchange does not give any guarantees or assurances to third parties about the appropriateness of investing in financial products of VTBC UA based on indices calculated by PJSC Moscow Exchange. The basis for the emergence of relations between PJSC Moscow Exchange and VTBK UA is the granting of a non-exclusive license to use the Trademarks “MosExchange Index” and “MOEX”. The Moscow Exchange Index and the Moscow Exchange Corporate Bond Index, calculated by the Moscow Exchange PJSC and which is directly associated with the Moscow Exchange Index Trademark, is created, calculated, maintained without reference to VTBC UA and its business activities. The value of investment units may increase and decrease, the results of investing in the past do not determine future income, the state does not guarantee the profitability of investments in mutual funds. The rules of trust management of OPIFs and IPIFs managed by VTBC UA provide for premiums (discounts) to (c) the estimated value of investment units upon their issuance (redemption). The collection of allowances (discounts) will reduce the profitability of investments in investment units of OPIF and IPIF. Before purchasing an investment share, you should carefully read the rules of trust management of the fund. You can get information about the Funds and familiarize yourself with the Rules for the Trust Management of the Funds, with other documents provided for by the Federal Law "On Investment Funds" and regulations in the field of financial markets, at: 123112, Russia, Moscow, emb. Presnenskaya, 10, floor 15, room III, by phone 8-800-700-44-04 (for free long-distance and mobile communications), at the addresses of agents or on the Internet at www.site. VTBK UA does not warrant that the operation of the Site or any content will be uninterrupted or error-free, that defects will be corrected, or that the servers from which this information is provided will be protected from viruses, Trojan horses, worms, software bombs or similar items or processes or other harmful components. any expressions of opinion, estimates and forecasts on the site are the opinions of the authors as of the date of writing. they do not necessarily reflect the views of VTBK UA and are subject to change at any time without prior notice. Under no circumstances will VTBC UA be liable for any indirect, incidental, special, punitive or consequential damages (including, without limitation, damages for loss of data, business or profits) arising out of or in connection with these conditions, for the inability to use the Site or any products, services or content purchased, obtained or stored on the Site, whether on the basis of contract, tort, strict liability or otherwise, even if VTBK UA has been advised of the possibility of such damages, and notwithstanding that the remedy does not achieve its main goal. Without limiting the foregoing, these limitations also apply to any third party claims against users. Notwithstanding any other statements, nothing in these terms and conditions is intended to exclude or limit any duties or obligations that VTBK UA has to its customers under applicable law, or which cannot be excluded or limited under applicable law.


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