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3rd Quarter, 2024

The AUM of Balanced (AMBAL), Conservative (AMCON) and Fixed Income (AMFIX) funds amounted more than 528 billion AMD as of September 30, 2024, more than 113 billion AMD of which, about 22%, was generated from the income secured as a result of management.

The investments in Armenia and abroad include different asset classes, such as local government and corporate bonds, foreign bonds and equity ETFs and mutual funds, bank deposits, etc.

Since the inception annualized performance of Balanced, Conservative and Fixed income funds was in the range of 7.3%-7.9% depending on the type of fund as of September 30, 2024.

In Q2 2024, funds’ performance was positive due to both local and foreign investments.