Download Amin Global Mutual Fund

Table
Definition
31
Advantages of Funds
23
Fund`s position in economy
3
Fund`s characteristics
43
Legal & supervision points
53
Statistical information
63
Pillar & Goal of AGFund
73
2
Definition
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.
3
Benefits of AGfund
Professional Management
Diversification
Economy of scale
Advantages
Liquidity
Transparency
Ease
4
Fund`s position in economy
Mutual Funds: Investing in America`s Future
5
Fund`s characteristics
Legal Entity
Macro structure
Capital
Fund`s
characteristics
Units
Methods of Investment
6
Legal Entity
Trust
Corporate
(investment
company)
AGFund is a Trust
7
Pillar of AGfund
Saman B.
Dash
Register
Auditor
custodian
Amin IB
convention
Guarante
e
Manager
Saman B.
Amin IB
Types of mutual funds
Funds
Capital:
Instrument:
Goal:
a)close-end fund
b)Trust
c)Open-end fund
d)ETF
a)Money market
b)capital market
a)Growth
b)Value
c)Value & Growth
(AGFund is money &
capital)
(AGFund is value &
growth)
(AGFund is open-end)
9
Types of Units
common
Without voting Right
preferred
With voting Right
Amin IB
10
Costs & fees
• Management fees
• Non-management expenses
11
Lawmaker
• in article 1 of the Law governing the securities
market
• the Bill of capital market development
12
Supervision on AGfund
kinds
Pillar
Auditor
custodian
SEO
manager
software
contumacy
13
Internal Controls
Manager
Auditor
custodian
14
Continuous supervision
Web site
account
Units` Prices
Supervise on:
Portfolio
calculation
Logical Process
15
Total net Asset
TOTAL NET ASSETS
Millions $
2003
2005
2006
2007
14,048,311 16,164,793
17,771,027
21,823,455
26,150,936
Americas
7,969,541 8,792,450
9,763,921
11,485,012
13,442,521
Europe
Asia and
Pacific
4,682,836 5,640,450
6,002,261
7,803,906
8,934,864
1,361,473 1,677,887
1,939,251
2,456,511
3,678,330
65,594
78,026
95,221
World
Africa
2004
34,460
54,006
16
Number of mutual fund
Number of Mutual Funds
2003
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
Asia and
Pacific
28,858
28,541
29,306
30,060
33,151
10,794
11,641
11,617
12,427
13,479
460
466
537
617
750
Africa
17
Net Sales
Net Sales
Millions $
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
Asia and
Pacific
258,500
235,145
459,786
427,524
102,780
-12,036
48,005
76,016
135,467
217,847
5,304
6,549
9,097
8,944
9,692
Africa
18
Net Asset
19
Manager & Guarantee: Amin Investment Bank
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
20
Manager & Guarantee: Amin Investment Bank
Company’s capital :
• 1,000 billion Rials
Type of company :
• Private joint stock company
Certified by :
• Iranian Securities and Stock Exchange
Organization (SEO)
21
Manager & Guarantee: Amin Investment Bank
Name
Bank Mellat
Behsaz Mosharekathaye Mellat Co
Social Security Investment Co
Civil Servants Pension Fund
Rural Social Insurance fund
Bank melli Investment Co
Tose'e melli Co
Omid investment Co
Tadbir investment Co
Percentage
10%
4%
14%
14%
14%
10%
4%
14%
14%
22
Custodian & register: Saman Bank
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.
23
Auditor: DASH
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.
24
Asset of AGfund
 Assets:
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.
1.
25