Sberbank of Russia : In 2020 Sber customers invested RUB15.6 bn in commercial real estate

In 2020, Sber customers invested RUB15.6 bn in closed-end mutual funds of Sber Asset Management. This is exactly half of what was invested in all previous years. As a result, the net asset value of the company's closed-end funds reached RUB47 bn.

Despite the economic headwinds, high-quality commercial real estate continues to enjoy high demand among Russians. People are investing more in it: RUB15.6 bn in 2020 against RUB15 bn a year earlier. We have been offering our clients high-quality commercial real estate for a long time, and the events of the past year spurred interest in it. Over the past three years, our funds have shown a yield of 9-14% per annum, so commercial real estate is one of the few options for long-term preservation of capital in an environment of high uncertainty. In 2020, we increased the net asset value of closed-end funds managed by Sber Asset Management to RUB47 bn, and by the end of 2021 we plan to increase it to RUB100 bn

Ekaterina Chernykh

Business Director, Sber Asset Management

In 2020, Sber Asset Management paid out over RUB2.7 bn in investment income to the shareholders of its funds investing in real estate.

Closed-end real estate mutual funds are a tool for collective investment in real estate, which allows investors with small capital to own large quality real estate objects. Such funds allow investors to earn on regular rental payments and protect their investment from inflation.

In 2020, Sber Asset Management closed some of the country's largest commercial real estate deals.

Diamond Hall LLC, which owns the Diamond Hall business center, became a closed-end investment fund asset managed by Sber Asset Management. This class A business center is located in the Central Administrative District of Moscow; its lease areas are 100% filled.

The fund also included the ultra-modern PNK Park Veshki logistics park, which houses a two-story multi-temperature distribution center with an area of 108,000 square meters. The tenant of the building is VkusVill, a retailer selling healthy food.

Sber Asset Management JSC was registered by the Moscow Chamber of Registration on April 1, 1996. It holds license No. 21-000-1-00010 issued by FCSM of Russia on September 12, 1996, to run investment funds, mutual funds, and non-government pension funds. You can learn more about the asset management terms, Sber Asset Management JSC, and other documents the company is obliged to disclose and present complying with federal laws and other statutes and regulations of Russia, as well as learn about mutual funds in detail, learn the discretionary management terms and other documents outlined in federal law On Investment Funds No. 156-FZ dd. November 29, 2001, and statutes governing financial markets at 3 Poklonnaya bldg. 1, floor 20, Moscow, 121170, on https://www.sber-am.ru, or by dialing 8 [phone]. The past performance of the securities manager does not mean the founder of the asset management firm will guarantee income in the future. The information due to be disclosed in the printed edition is published in the Supplement to the Bulletin of the Federal Service for Financial Markets. The value of investment shares can increase and decrease, previous investment results do not determine future returns, the government does not guarantee the profitability of mutual fund investments. Before acquiring investment shares, investors are advised to carefully read the rules of mutual fund's discretionary management.