Russian metallurgical sector’s unit investment trusts keep falling: according to the National Managers’ League’s profitability ranking of unit investment trusts as of August 4-5, 2008, the share price of Troika Dialog-Metallurgy (Troika Dialog Management Company) dropped by 4.66%, that of Trubnaya Ploschad – Russian Metallurgy (Bank of Moscow Management Company) went down by 4.23%, that of BCS Metallurgy Fund (BrokerCreditService Management Company) decreased by 4.20%, that of Rus-Capital-Metallurgy (Rus-Capital Management Company) dropped by 4.03%, and that of Alfa Capital Metallurgy (Alfa Capital Management Company) decreased by 3.43%.

Thus the metallurgical sector’s unit investment trusts topped the falling quotations’ ratings. Most experts believe this dramatic drop in the securities and unit investment trusts’ price quotations has been mainly brought about by Head of Russian Federation Government Vladimir Putin’s unflattering critique of Mechel’s pricing policies. As a matter of fact, prior to the latest events, the metallurgical sector’s unit investment trusts were doing much better than all the other sectors of Russian economy.